Vert

Data Snapshot: Mar 05, 2024
Vert Cannabis Brand Logo
<$50K

Feb-2024

Sales

Growth

Trend

6-Month

9

Product Count

SKUs

Vert

Overview

Markets

Vert Locations

Product Trends

Vert Categories

Vert Sales

Market Insights Snapshot

Vert Historical Sales by Category

In the edible category within Nevada, Vert has shown a consistent performance over the last four months. Starting in November 2023 with a rank of 27, the brand experienced a slight improvement in its positioning, moving up to 24th place in December 2023 and maintaining this rank into February 2024. This upward movement, although modest, indicates a positive reception in the market, potentially attributed to strategic marketing efforts or product quality improvements. Notably, Vert's sales in December 2023 reached $29,313, showing a promising increase from November's sales. However, despite a peak in sales in January 2024, the brand's rank slightly dipped in January before stabilizing in February, suggesting a competitive market landscape where even small fluctuations in sales can impact brand ranking.

Despite these movements, Vert's inability to break into the top 20 brands in Nevada's edible category suggests room for growth and potential challenges in market penetration. The consistency in ranking towards the lower end of the top 30 highlights a steady presence in the market but also indicates a struggle to significantly advance against competitors. This performance could be reflective of several factors, including brand visibility, consumer preferences, or distribution challenges within the state. For Vert to improve its standing and capture a larger market share, focusing on differentiating factors and enhancing consumer engagement could be key strategies. The information provided offers a glimpse into Vert's market dynamics; however, understanding the broader competitive landscape and consumer trends would be essential for a comprehensive analysis.

Feb-2024 Rank
Edible
24
Vert

Competitive Landscape

In the competitive landscape of the edible cannabis market in Nevada, Vert has shown a notable trajectory in terms of rank and sales amidst its competitors. Starting from November 2023, Vert was not within the top 20 brands, but by February 2024, it improved its position to rank 24th. This upward movement in rank is significant when considering the competitive nature of the market and the performance of other brands. For instance, QualCan and BITS, both competitors of Vert, experienced fluctuations in their rankings but remained consistently higher in the rankings compared to Vert. Specifically, BITS showed a declining trend moving from 16th to 23rd position, which is just one rank above Vert by February 2024, indicating a closing gap between the two. On the other hand, Jam maintained a stronger position, ranking 22nd by February 2024, showcasing its resilience in the market. The sales trends reflect these ranking changes, with Vert experiencing a growth in sales from November 2023 to January 2024, before a slight decrease in February 2024. This analysis underscores Vert's potential to further climb the ranks and challenge its competitors, highlighting the dynamic nature of the edible cannabis market in Nevada.

Vert market ranking for NV Edible

Vert

Notable Products

In February 2024, Vert's top-performing product was the Birthday Cake Cookie Square (100mg) within the Edible category, securing the first rank with a notable sales figure of 235 units. Following closely behind in second place was the Chocolate Chip Brownie Cookie Square (100mg), which had climbed up from third place in December 2023 to first in January 2024, before settling in second place in February. The Strawberry Shortcake Cookie (100mg) held steady improvement over the months, moving from a fifth-place position in both November and December 2023 to third in February 2024. Interestingly, the CBD:THC 1:1 Caramel Brownie Cookie Square and the Red Velvet Cookie Square, both previously top contenders, tied for the fourth position in February, indicating a shift in consumer preferences within Vert's product lineup. This analysis highlights dynamic changes in product popularity, with a clear consumer tilt towards specific flavored edibles over time.

Product Rank
Category
Nov-2023
Dec-2023
Jan-2024
Feb-2024
Birthday Cake Cookie Square (100mg)
Edible
3
2
>5
1
Chocolate Chip Brownie Cookie Square (100mg)
Edible
>5
3
1
2
Strawberry Shortcake Cookie (100mg)
Edible
>5
5
5
3
CBD:THC 1:1 Caramel Brownie Cookie Square (100mg CBD, 100mg THC)
Edible
2
>5
3
4
Red Velvet Cookie Square (100mg)
Edible
1
>5
2
4
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