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Dec-2024
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Overview
Market Insights Snapshot
Nomad Extracts has shown a consistent performance in the Concentrates category within Colorado, maintaining a steady rank of 7th place from September to December 2024. This stability in ranking suggests a strong foothold in the market, although there was a noticeable decline in sales from November to December, with sales dropping from $286,850 to $197,172. Such fluctuations could indicate seasonal trends or shifts in consumer preferences, which might be worth exploring further for those interested in market dynamics.
In contrast, the performance of Nomad Extracts in Missouri has been more volatile. The brand entered the top 30 in October 2024 at rank 27 but dropped out of the top 30 by November. This decline highlights potential challenges in maintaining market presence or could reflect increased competition in the state's Concentrates category. The absence from the top 30 in December suggests that Nomad Extracts may need to reassess its strategy in Missouri to regain traction, especially considering the significant drop in sales from October to November. Understanding these dynamics could provide valuable insights for stakeholders looking to capitalize on growth opportunities in different markets.
Competitive Landscape
In the competitive landscape of concentrates in Colorado, Nomad Extracts maintained a consistent rank of 7th place from September to December 2024, indicating stable market performance. This steadiness contrasts with the dynamic shifts observed among its competitors. For instance, Concentrate Supply Co. experienced significant fluctuations, climbing from 10th to 3rd place in November before dropping to 9th in December. Meanwhile, Denver Dab Co showed a positive trajectory, improving its rank from 9th in September to 6th by December. Despite these changes, Nomad Extracts' sales remained robust, consistently outperforming Dabble Extracts in December, as Dabble's sales decreased significantly. However, 710 Labs remained a formidable competitor, consistently ranking higher than Nomad Extracts, although their sales saw a notable decline in December. These insights suggest that while Nomad Extracts maintains a steady position, there is potential to capitalize on the volatility of competitors to improve its market standing.
Notable Products
In December 2024, Cherry Punch Sugar Wax (1g) emerged as the top-performing product for Nomad Extracts, leading the sales with a notable figure of 741 units sold. Lemon Train Haze Wax (4g) secured the second position, closely followed by Dante's Inferno #8 Sugar Wax (1g), which slipped from its previous first-place ranking in November to third place in December. Speciman X Sugar Wax (1g) and Motorbreath Wax (1g) rounded out the top five, maintaining their fourth and fifth positions respectively. Notably, Cherry Punch Sugar Wax (1g) and Lemon Train Haze Wax (4g) were new entrants to the rankings, indicating a shift in consumer preferences. The consistent high performance of these concentrates highlights a strong market demand for Nomad Extracts' sugar and wax 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.
