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Oct-2024
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Overview
Market Insights Snapshot
Revert Cannabis New York has demonstrated a noteworthy performance in the New York market, particularly in the Flower category. Over the months from July to October 2024, the brand consistently maintained a strong position, improving its ranking from fourth to third place by October. This upward movement in the Flower category is indicative of a growing consumer preference or effective market strategies. The sales figures reflect this positive trend, with a significant increase in sales from approximately $1.26 million in July to over $2.57 million in October. Such a rise highlights Revert Cannabis New York's competitive edge and potential for continued growth in this category.
In the Pre-Roll category, Revert Cannabis New York has also shown progress, advancing from the 20th position in July to the 12th by October. This improvement suggests a strengthening market presence, although the brand remains outside the top 10. Conversely, in the Vapor Pens category, the brand did not perform as well, with rankings fluctuating and eventually dropping to 49th place in October, indicating challenges in this segment. Notably, the brand's absence from the top 30 in this category could be seen as a potential area for strategic reevaluation. Overall, while Revert Cannabis New York excels in certain categories, there are opportunities for improvement in others to enhance its market standing.
Competitive Landscape
In the competitive landscape of the New York Flower category, Revert Cannabis New York has shown a promising upward trend in its market position. Over the past few months, Revert Cannabis New York has climbed from a consistent 4th place in July, August, and September 2024 to 3rd place in October 2024. This improvement in rank suggests a positive reception to their offerings, potentially driven by strategic marketing or product innovation. Despite this progress, Revert Cannabis New York faces stiff competition from brands like Dank. By Definition, which has maintained a dominant 1st place position throughout the same period, and Matter., which has consistently held the 2nd spot except for a brief dip to 3rd in September. Meanwhile, LivWell has experienced a slight decline, moving from 2nd to 4th place, which could present an opportunity for Revert Cannabis New York to strengthen its hold on the 3rd position or even challenge for higher ranks. As Revert continues to grow, understanding these competitive dynamics will be crucial for sustaining its upward momentum in the New York Flower market.
Notable Products
In October 2024, Hawaiian Haze Kief Infused Ground (14g) emerged as the top-performing product for Revert Cannabis New York, climbing from second place in September to first place, with notable sales of 7,166 units. Strawberry Amnesia Pre-Roll (0.5g) maintained a consistent performance, holding steady at the second rank from August through October, showing a significant increase in sales to 6,840 units. Pineapple Haze Pre-Roll (0.5g), which had been the top product from July through September, slipped to third place in October. Baby Yoda Pre-Roll (0.5g) remained stable at fourth position over the last two months, while Pineapple Haze (3.5g) re-entered the rankings at fifth place in October after not appearing in September. Overall, the pre-roll category dominated the top ranks, showcasing a strong consumer preference for these products.
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.
