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Oct-2024
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Overview
Market Insights Snapshot
Nomad Extracts has demonstrated a stable performance in the Concentrates category within Colorado. Over the past few months, the brand has maintained its presence in the top 10, with rankings fluctuating slightly from 7th in July to 8th in August, back to 6th in September, and then 7th in October. This consistency suggests a solid customer base and brand recognition within the state, although a slight decrease in sales from September to October indicates potential market challenges or increased competition. Despite this, Nomad Extracts remains a key player in the Colorado Concentrates market, showing resilience and adaptability.
In contrast, Nomad Extracts has had a more subdued entry into the Missouri market. The brand did not appear in the top 30 rankings for Concentrates until October, when it secured the 30th spot. This late appearance could be seen as a positive step towards gaining traction in a new market, although it also highlights the competitive landscape and the challenges of establishing a foothold. The sales figures for October in Missouri, while modest, suggest initial consumer interest which could be built upon with strategic marketing and distribution efforts. Overall, while Nomad Extracts is a strong contender in Colorado, its journey in Missouri is just beginning, with potential for growth if effectively leveraged.
Competitive Landscape
In the competitive landscape of concentrates in Colorado, Nomad Extracts has demonstrated resilience amidst fluctuating market dynamics. Over the past four months, Nomad Extracts has maintained a relatively stable rank, moving from 7th in July to 8th in August, climbing to 6th in September, and settling at 7th in October. This consistency is notable given the volatility observed in competitors like Spectra, which experienced a significant drop from 3rd in August to 9th in September before recovering to 5th in October. Meanwhile, 710 Labs consistently outperformed Nomad Extracts, maintaining a top 5 position until a slight dip to 6th in October. Denver Dab Co also showed competitive strength, consistently ranking above Nomad Extracts except in September. Despite these challenges, Nomad Extracts' ability to maintain its position indicates a strong brand presence and customer loyalty, suggesting potential for growth if it can capitalize on the market shifts affecting its competitors.
Notable Products
In October 2024, Alien Chemtrails Wax (1g) emerged as the top-performing product for Nomad Extracts, achieving the highest rank among all offerings with sales reaching 715 units. Dip N Stix Shatter (1g) secured the second position, while Georgia Pie Shatter (1g) and Marshmallow OG Sugar Wax (1g) both shared the third spot. Notably, Gushers Wax (1g) experienced a drop from its leading position in September to fourth place in October. Despite the shift in rankings, the overall performance of concentrates from Nomad Extracts remains strong. This month saw a reshuffling of top products, indicating dynamic consumer preferences within the concentrates 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.
