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Dec-2024
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Overview
Market Insights Snapshot
Panna Extracts has shown a varied performance across different product categories in Nevada. In the Concentrates category, the brand experienced a notable fluctuation in rankings, peaking at 16th in October 2024 before dropping out of the top 30 by December. This indicates a potential challenge in maintaining a consistent presence in this competitive category. In contrast, their performance in the Pre-Roll category shows a more stable trajectory, with rankings mostly hovering around the low 20s, though a slight decline to 24th was observed in December. This suggests a relatively steady demand for their pre-roll products despite minor fluctuations.
In the Vapor Pens category, Panna Extracts also experienced inconsistent rankings, moving from 25th in September to 30th in October, and then slightly recovering to 27th by December. This movement suggests a competitive landscape where maintaining a foothold in the top rankings is challenging. Despite these ups and downs, the brand's sales figures indicate a robust performance in the Pre-Roll category, with sales peaking in September and gradually declining through to December. This data provides insights into the dynamic nature of the market and highlights areas where Panna Extracts may focus their strategic efforts for improvement and growth.
Competitive Landscape
In the competitive landscape of vapor pens in Nevada, Panna Extracts has experienced fluctuating rankings over the last few months, indicating a dynamic market presence. In September 2024, Panna Extracts was ranked 25th, but it saw a drop to 30th in October, before climbing back to 24th in November and settling at 27th in December. This volatility suggests both challenges and opportunities in maintaining a stable market position. Notably, Spiked Flamingo demonstrated a strong upward trend, moving from 44th in September to 26th in December, potentially capturing market share from Panna Extracts. Meanwhile, Sauced also showed competitive strength, particularly in October with a rank of 23rd, although it experienced a decline to 28th by December. Beboe maintained a relatively stable position, hovering around the high 20s, which could indicate a consistent consumer base. The emergence of Mojo (Edibles) in November with a rank of 39th, rising to 25th in December, highlights the potential for new entrants to disrupt the market. These shifts underscore the importance for Panna Extracts to strategically enhance its market strategies to boost sales and improve its competitive standing.
Notable Products
In December 2024, the top-performing product from Panna Extracts was the Sour Diesel Live Resin Cartridge (0.5g), which ranked first with sales of 607 units. The Zkittles Infused Pre-Roll (1g) secured the second position, showing strong performance in the Pre-Roll category. The Watermelon Kush Cured Resin Cartridge (0.5g) improved its rank from fourth in November to third in December, maintaining a steady sales figure. Candy Apple Distillate Cartridge (0.5g), despite a drop from its second-place position in November, remained in the top five, ranking fourth. Notably, the Pineapple Whip Live Resin Cartridge (0.5g) entered the rankings at fourth place in November and kept a strong presence in December as well.
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.
