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Oct-2024
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Overview
Market Insights Snapshot
Tsunami Labs (NV) has shown mixed performance across different product categories in Nevada. In the Concentrates category, the brand maintained a strong presence, consistently ranking within the top 10 for most months, except for a slight dip in October where it ranked 8th. This indicates a robust demand for their concentrates, despite a fluctuating sales volume that peaked in September. However, the Flower category tells a different story, with Tsunami Labs dropping out of the top 30 by August and continuing to decline in rank through October. This downward trend in the Flower category suggests challenges in maintaining market share or possibly a strategic shift in focus away from this category.
In terms of Pre-Rolls, Tsunami Labs made a notable entry into the rankings in September at 62nd place, improving to 47th by October. This upward trajectory in the Pre-Roll category could signal a growing consumer interest or successful marketing efforts in this segment. The absence of the brand in the top 30 for July and August in the Pre-Roll category highlights a previous lack of presence or competitiveness, but their recent progress suggests potential for future growth. Overall, Tsunami Labs' performance across these categories reflects both opportunities and challenges, with significant room for improvement in Flower and promising potential in Pre-Rolls.
Competitive Landscape
In the Nevada concentrates market, Tsunami Labs (NV) has experienced notable fluctuations in its competitive standing over the past few months. In July 2024, Tsunami Labs (NV) held the 9th position, maintaining this rank in August before climbing to 6th place in September, only to drop back to 8th in October. This volatility contrasts with the stable performance of City Trees, which consistently held the 5th rank throughout the same period. Meanwhile, TRENDI showed a more stable ranking pattern, fluctuating slightly but maintaining a competitive edge over Tsunami Labs (NV) in October by ranking 7th. Haze Cannabis Co. mirrored Tsunami Labs (NV)'s ranking in August and September but fell to 9th in October, indicating a potential opportunity for Tsunami Labs (NV) to capitalize on its relative strength. On the other hand, Fuze Extracts demonstrated a strong upward trend, moving from the 20th position in July to 11th in October, suggesting increasing competition from lower-ranked brands. These dynamics underscore the competitive pressures in the Nevada concentrates market and highlight the importance for Tsunami Labs (NV) to leverage its strengths to maintain and improve its market position.
Notable Products
In October 2024, Tsunami Labs (NV) saw Moroccan Peaches Live Resin Badder (0.5g) climb to the top spot in the Concentrates category, generating sales of $1,785. The Phatt Fruity Pre-Roll (1g) debuted impressively at the second rank in the Pre-Roll category. Face on Fire Pre-Roll (1g) maintained a strong presence, moving from fourth to third place in the Pre-Roll category. Gelatti Live Resin Badder (0.5g) entered the charts at the fourth position in Concentrates, while Memory Loss Live Resin Badder (0.5g) slipped from second to fifth place in the same category. These shifts indicate a dynamic market for Tsunami Labs (NV) products, with notable advancements in sales performance for certain items.
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.
