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Oct-2024
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Overview
Market Insights Snapshot
Srene's performance in the Nevada market has shown notable fluctuations across different categories over the past few months. In the Flower category, Srene made a remarkable leap from being outside the top 30 brands in September to securing the 32nd position in October. This upward movement is significant, especially considering that they were ranked 62nd in September. Such a jump highlights a strong recovery or strategic improvement in their offerings, potentially boosting their visibility and consumer interest in the market.
Conversely, Srene's Vapor Pens category in Nevada experienced a decline in rankings, moving from 13th in August to 25th by October. This downward trend might suggest increased competition or shifting consumer preferences. Despite this, the brand's ability to maintain a presence within the top 30 indicates a sustained demand, albeit at a reduced level. The contrast between the Flower and Vapor Pens categories underscores the dynamic nature of consumer behavior and market competition in Nevada.
Competitive Landscape
In the competitive landscape of the Nevada flower category, Srene has experienced notable shifts in its market position over the past few months. As of October 2024, Srene has climbed to the 32nd rank, a significant improvement from its 62nd position in September. This upward trajectory is indicative of a robust sales performance, with Srene's sales figures surpassing those of Virtue Las Vegas and Prime Cannabis, which have seen fluctuating ranks and declining sales. Notably, Greenway Medical has made a remarkable leap to the 30th position in October, suggesting a resurgence in their market strategy. Meanwhile, LP Exotics maintains a steady climb, slightly ahead of Srene, indicating a competitive edge in consumer preference. These dynamics highlight a competitive environment where Srene's recent sales surge positions it favorably against its peers, although continued strategic efforts will be necessary to maintain and enhance its market standing.
Notable Products
In October 2024, Srene's top-performing product was the Tahoe Sunrise Distillate Cartridge (1g) from the Vapor Pens category, which climbed to the number one rank with impressive sales of 1390 units. The GovernMint Oasis (3.5g) from the Flower category secured the second spot, indicating a strong entry into the rankings. The Category 5 Distillate Cartridge (1g) also made a notable appearance, ranking third. DayStripper (14g) and the 2:1:1 Fruity Dreams Distillate Cartridge (1g) followed closely, ranking fourth and fifth respectively. These rankings mark a significant shift from previous months, where these products were not ranked, showcasing a remarkable surge in popularity and sales for Srene in October.
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.
