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Oct-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 significant leap in October 2024, moving from the 22nd position in both August and September to 13th place. This upward trend reflects a robust increase in sales, with October figures nearly doubling from July. In contrast, the Vapor Pens category saw a decline, with the brand slipping from 23rd in July to 29th by October. This drop indicates a potential area for improvement or a shift in consumer preferences.
In the Pre-Roll category, Panna Extracts maintained a relatively stable presence in the top 30, peaking at 18th place in September before settling at 19th in October. This consistency suggests a steady demand for their pre-roll products in Nevada. However, it is worth noting that the brand did not make it into the top 30 for any other states or provinces, indicating a potential opportunity for geographic expansion or enhanced marketing strategies in other regions. The absence from top rankings outside Nevada could be viewed as a limitation in their current market reach.
Competitive Landscape
In the competitive landscape of the Nevada pre-roll market, Panna Extracts has demonstrated a relatively stable performance with some fluctuations in rank over the months from July to October 2024. Starting at rank 24 in July, Panna Extracts improved to rank 18 in September before slightly dropping to rank 19 in October. This performance indicates a competitive positioning amidst brands like Green Life Productions, which showed a more volatile ranking, peaking at rank 18 in October. Meanwhile, High Heads consistently outperformed Panna Extracts, maintaining a higher rank throughout the period, particularly achieving rank 12 in September. Despite these challenges, Panna Extracts' sales figures remained robust, with a peak in September, suggesting strong consumer demand and brand loyalty. The brand's ability to maintain a top 20 position amidst fierce competition highlights its resilience and potential for growth in the Nevada pre-roll market.
Notable Products
In October 2024, the top-performing product for Panna Extracts was the Sugar Cookie Live Resin Cartridge (0.5g) in the Vapor Pens category, securing the number 1 rank with notable sales of 574 units. Following closely was the Champagne Kush Live Resin Cartridge (0.5g), also in the Vapor Pens category, which held the 2nd rank. The Candy Apple Distillate Cartridge (0.5g) saw a drop to the 3rd rank after leading in the previous months, indicating a shift in consumer preference. Momma's Fritters Infused Pre-Roll (1g) achieved the 4th rank, marking its presence in the top five for the first time. The Mixed Berry Pie Live Resin Cartridge (0.5g) completed the top five, maintaining a consistent performance in the Vapor Pens category.
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.
