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Aug-2024
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Overview
Market Insights Snapshot
Evergreen Organix has shown notable performance in the Edible category within the state of Nevada. Over the past four months, the brand has fluctuated in its rankings but has managed to stay within the top 30. Starting in May 2024 at rank 21, Evergreen Organix experienced a slight dip to rank 23 in June, followed by a minor improvement to rank 22 in July, and ultimately climbed to rank 19 in August. This upward movement in August indicates a positive trend, suggesting that the brand's efforts to enhance its market presence and product offerings might be paying off. Despite a dip in sales in June and July, the August sales figure rebounded, reflecting a recovery in consumer demand.
Interestingly, Evergreen Organix has managed to maintain a consistent presence in the top 30 rankings in Nevada, which is a good indicator of its market resilience. The brand's ability to recover and improve its ranking from June to August demonstrates its competitive edge in the Edible category. However, the absence of Evergreen Organix in the top 30 rankings of other states or provinces suggests that the brand's influence might be more localized to Nevada. This could imply potential growth opportunities if the brand decides to expand its footprint beyond Nevada. The fluctuating rankings and sales figures underscore the dynamic nature of the cannabis market and highlight the importance of strategic adjustments to maintain and improve market standing.
Competitive Landscape
In the competitive landscape of the Nevada edible cannabis market, Evergreen Organix has shown fluctuating performance in recent months. Despite not making it into the top 20 brands for May and June 2024, Evergreen Organix climbed to rank 19 by August 2024, indicating a positive trend. This improvement is noteworthy when compared to competitors like Beboe, which consistently held ranks between 16 and 17, and CAMP (NV), which maintained a steady rank of 18. Meanwhile, Tyson 2.0 and BITS showed less stability, with Tyson 2.0 dropping to rank 20 in August and BITS fluctuating between ranks 20 and 22. Evergreen Organix's sales figures also reflect this upward trajectory, with a notable increase from $41,284 in July to $53,389 in August. This resurgence suggests that Evergreen Organix is effectively navigating the competitive pressures and could continue to improve its market position if current trends persist.
Notable Products
In August 2024, Evergreen Organix's top-performing product was Chunk Chocolate Brownie 10-Pack (100mg) in the Edible category, maintaining its number one rank with sales of 474 units. The Chocolate Chip Cookies 5-Pack (100mg) showed significant improvement, rising to the second position from the third in July. Snickerdoodle Cookie 5-Pack (100mg) re-entered the rankings at the third spot after being unranked in June and July. The Espresso Dark Chocolate Bar 10-Pack (100mg) debuted in the fourth position, indicating a strong market entry. Fruity Cereal Treat 10-Pack (100mg) remained consistent, holding the fifth position for the second consecutive month.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
