Spherex

Data Snapshot: Oct 03, 2024
Spherex Cannabis Brand Logo
$1M+

Sep-2024

Sales

Strong Growth

Trend

6-Month

47

Product Count

SKUs

Spherex

Overview

Spherex is a distinguished U.S.-based cannabis brand recognized for its commitment to science-driven cannabis engineering and premium-quality products, offering an extensive range of strains for diverse preferences. Benefiting from advanced techniques such as nano-encapsulation technology, Spherex aims to consistently deliver pure, unadulterated cannabis that optimizes the natural power of the plant for an enhanced user experience. Moreover, their ambitious growth strategy is evident from their expansion into international markets like Canada.
Markets

Spherex Locations

Product Trends

Spherex Categories

Spherex Sales

Market Insights Snapshot

Spherex Historical Sales by Category

In the state of Colorado, Spherex has demonstrated a strong performance in the Vapor Pens category, consistently ranking at the top. In June 2024, it held the second position, climbed to first in July, and maintained a back-and-forth between first and second place through September. This indicates a robust presence and consumer preference for Spherex vapor pens in Colorado's competitive market. However, in the Concentrates category, Spherex did not make it into the top 30 until August, when it secured the 34th spot, and improved its position to 22nd by September. This upward trend suggests a growing recognition and acceptance of Spherex concentrates, although there is still significant room for growth in this category.

The absence of Spherex from the top 30 rankings in the Concentrates category for June and July in Colorado highlights a potential area for strategic improvement. Despite this, the substantial sales figures in the Vapor Pens category underscore the brand's strength and popularity in that segment. The trajectory of sales in this category from June to September shows a clear upward trend, reflecting increasing consumer demand and possibly effective marketing strategies. As Spherex continues to bolster its presence in the Concentrates category, monitoring its performance in other states and categories could provide further insights into its overall market strategy and potential areas for expansion.

Sep-2024 Rank
Concentrates
Vapor Pens
22
1
Spherex

Competitive Landscape

In the competitive landscape of vapor pens in Colorado, Spherex has demonstrated notable resilience and strategic prowess, consistently maintaining a top-tier position. Over the past few months, Spherex has oscillated between the 1st and 2nd rank, indicating a robust market presence and adaptability. In June and August 2024, Spherex was ranked 2nd, while it ascended to the 1st position in July and September 2024. This fluctuation is primarily influenced by its close competition with Bonanza Cannabis Company, which mirrored Spherex's rank transitions, suggesting a neck-and-neck rivalry. Despite this, Spherex's sales trajectory shows a positive upward trend, with a significant increase from June to September 2024, highlighting effective sales strategies and consumer loyalty. Meanwhile, Eureka consistently held the 3rd rank, indicating a stable yet less competitive edge compared to the dynamic interplay between Spherex and Bonanza Cannabis Company. This competitive analysis underscores Spherex's strong market position and potential for continued growth amidst fierce competition in the Colorado vapor pen market.

Spherex market ranking for CO Vapor Pens

Spherex

Notable Products

In September 2024, the top-performing product for Spherex was the NYC Diesel Distillate Cartridge (1g) in the Vapor Pens category, which climbed to the first rank with sales of 20,102 units. The Grape Punch Distillate Cartridge (1g) followed closely in the second position, marking a notable rise from fourth place in August. Tangie Haze Distillate Cartridge (1g) made its debut in the rankings at third place, showing strong initial performance. Strawguava Distillate Cartridge (1g) experienced a decline, dropping to fourth place from its previous top positions in June and July. Meanwhile, Papaya Dream Distillate Cartridge (1g) maintained a steady presence, holding the fifth rank consistently from August to September.

Product Rank
Category
Jun-2024
Jul-2024
Aug-2024
Sep-2024
X- NYC Diesel Distillate Cartridge (1g)
Vapor Pens
2
>5
2
1
X - Grape Punch Distillate Cartridge (1g)
Vapor Pens
>5
2
4
2
X - Tangie Haze Distillate Cartridge (1g)
Vapor Pens
>5
>5
>5
3
X - Strawguava Distillate Cartridge (1g)
Vapor Pens
1
1
>5
4
X - Papaya Dream Distillate Cartridge (1g)
Vapor Pens
3
3
5
5
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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.

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