.svg){kind=small}
Aug-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Panna Extracts has shown consistent performance across multiple categories in Nevada. In the Concentrates category, their ranking has fluctuated but generally improved from 22nd in May 2024 to 18th in August 2024. This upward trajectory suggests a positive reception among consumers, although the slight dip in August indicates a potential area for improvement. In the Pre-Roll category, Panna Extracts maintained a more stable presence, moving from 24th in May to 19th in August. This stability in rankings, coupled with a noticeable increase in sales from June to August, highlights their growing foothold in the Pre-Roll market.
In the Vapor Pens category, Panna Extracts has experienced significant growth, improving their rank from 29th in May 2024 to 19th in August 2024. This notable climb in rankings is accompanied by a substantial increase in sales, reflecting a strong consumer demand for their products. However, the fact that Panna Extracts did not rank in the top 30 brands in any other states or categories for the given months suggests that their market presence is currently concentrated in Nevada. This could be a strategic focus or an area where expansion opportunities exist. Overall, the data indicates a positive trend in Nevada, with room for growth in other markets and categories.
Competitive Landscape
In the competitive landscape of vapor pens in Nevada, Panna Extracts has shown a notable upward trajectory in rank and sales over the past few months. Starting at rank 29 in May 2024, Panna Extracts climbed to rank 19 by August 2024, indicating a steady improvement in market position. This growth contrasts with the performance of competitors such as CAMP (NV), which saw a decline from rank 9 in May to rank 17 in August, and Dime Industries, which dropped from rank 13 in May to rank 20 in August. Additionally, Dabwoods Premium Cannabis experienced fluctuations, ultimately ranking 21 in August, while Savvy remained relatively stable around the 17-20 range. Panna Extracts' consistent rise in rank and sales, from $120,963 in May to $203,539 in August, highlights its growing appeal and market penetration, positioning it as a formidable player in the Nevada vapor pen category.
Notable Products
In August 2024, the top-performing product for Panna Extracts was the Candy Apple Distillate Cartridge (0.5g), which climbed from 4th place in July to secure the 1st position with notable sales of 1767 units. The Purple Punch Live Resin Cartridge (0.5g), previously the top product for three consecutive months, dropped to 2nd place. The Blueberry OG Live Resin Cartridge (0.5g) saw a significant rise, moving from 5th place in July to 3rd place in August. The Banana Mimosa Cured Resin Cartridge (0.5g) maintained a consistent presence, ranking 4th in August, down from 3rd in July. Lastly, the Sour Diesel Live Resin Cartridge (0.5g) re-entered the top five at 5th place, having not been ranked in July.
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.
