Jun-2024
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Overview
Market Insights Snapshot
TRENDI has demonstrated notable performance across various categories in Nevada. In the Concentrates category, TRENDI has shown a consistent upward movement, improving from the 9th position in March 2024 to the 6th position by June 2024. This upward trend is indicative of increasing consumer preference and market penetration. However, in the Flower category, TRENDI experienced a decline, falling out of the top 30 brands in June 2024 after ranking 41st in May, which may signal a need for strategic adjustments in this segment.
In the Pre-Roll category, TRENDI has made significant strides, moving from the 20th position in March 2024 to the 9th position by June 2024. This suggests a growing acceptance and popularity of their Pre-Roll products among consumers in Nevada. Meanwhile, in the Vapor Pens category, TRENDI maintained a strong position, consistently ranking 5th from April to June 2024. This stability highlights their strong foothold in the Vapor Pens market. Overall, TRENDI's performance across these categories suggests a dynamic and responsive brand, although the fluctuations in the Flower category indicate areas needing further attention.
Competitive Landscape
In the competitive landscape of Vapor Pens in Nevada, TRENDI has shown notable resilience and growth. Over the past four months, TRENDI has consistently held the 5th rank, showing a significant improvement from its 8th position in March 2024. This upward trend in rank is indicative of strong sales performance, peaking in May 2024 with impressive figures. In comparison, Select has maintained a steady 3rd rank, consistently outperforming TRENDI in sales. Meanwhile, &Shine has held the 4th rank, also showcasing higher sales than TRENDI. However, TRENDI's closest competitor, Cannavative, has seen a decline, dropping from 6th to 7th rank, which could provide an opportunity for TRENDI to further solidify its position. Another notable competitor, High Heads, has shown remarkable growth, jumping from 15th to 6th rank within the same period, indicating a potential emerging threat. These dynamics suggest that while TRENDI is on a positive trajectory, continuous strategic efforts are essential to maintain and improve its market position amidst evolving competition.
Notable Products
In June 2024, the top-performing product from TRENDI was GMO Infused Pre-Roll (1g), which climbed to the number one rank with notable sales of $1,652. Banana OG Pre-Roll (1g) also performed strongly, securing the second rank. Next Level (3.5g) ranked third, showing a significant presence in the Flower category. Motorbreath (3.5g) saw a drop to fourth place from its second-place rank in May 2024. Panamania Live Resin Disposable (0.3g) maintained a consistent performance, ranking fifth in June 2024.