Bonanza Cannabis Company

Data Snapshot: Jun 11, 2024
Bonanza Cannabis Company Cannabis Brand Logo
$1M+

May-2024

Sales

Strong Growth

Trend

6-Month

114

Product Count

SKUs

Bonanza Cannabis Company

Overview

Founded in Colorado in 2018, the Bonanza Cannabis Company is a respected manufacturer of premium cannabis products, which includes their innovative range of refillable THC Vape Concentrates available in multiple strains. With a firm commitment to quality, Bonanza Cannabis has garnered a substantial professional network, met with praise for their product innovation and entrepreneurial spirit. As a licensed Marijuana Infused Products manufacturer, the company offers consumers a blend of new consumption methods and traditional cannabis products.
Markets

Bonanza Cannabis Company Locations

Product Trends

Bonanza Cannabis Company Categories

Bonanza Cannabis Company Sales

Market Insights Snapshot

Bonanza Cannabis Company Historical Sales by Category

Bonanza Cannabis Company has shown a varied performance across different categories and states. In Colorado, the company has consistently maintained a strong presence in the Vapor Pens category, holding the second rank from February to May 2024. This indicates a stable and possibly growing market share in this category, with sales figures showing an upward trend from February through April before a slight dip in May. However, in the Edible category, the brand was ranked 31st in February and did not appear in the top 30 for the subsequent months, which could suggest either a decline in market performance or increased competition in this segment.

The absence of Bonanza Cannabis Company from the top 30 rankings in the Edible category in Colorado after February could be seen as a red flag, indicating potential challenges or shifts in consumer preferences. The consistent top-tier ranking in Vapor Pens suggests a strong brand presence and consumer loyalty in this category, which could be leveraged to improve performance in other segments. Observing these trends, it is clear that while Bonanza Cannabis Company has a solid foothold in certain areas, there are opportunities for growth and improvement in others.

May-2024 Rank
Edible
Vapor Pens
2
Bonanza Cannabis Company

Competitive Landscape

In the competitive landscape of Vapor Pens in Colorado, Bonanza Cannabis Company consistently holds the second rank from February to May 2024, indicating a stable market position. However, it faces stiff competition from Spherex, which maintains the top rank throughout the same period. This suggests that while Bonanza Cannabis Company is performing well, it still trails behind the market leader in terms of sales. Meanwhile, Batch Signature Extracts shows a notable improvement, climbing from the fifth rank in February to the third rank by April and May, potentially posing a future threat to Bonanza's position. Eureka fluctuates more significantly, with its rank dropping to sixth in April before recovering to fourth in May, indicating a less stable performance. These dynamics highlight the importance for Bonanza Cannabis Company to innovate and enhance its offerings to maintain and potentially improve its market position in the competitive Vapor Pens category in Colorado.

Bonanza Cannabis Company market ranking for CO Vapor Pens

Bonanza Cannabis Company

Notable Products

In May 2024, the top-performing product for Bonanza Cannabis Company was Blue Dream Distillate Cartridge (1g) in the Vapor Pens category, maintaining its first-place ranking from the previous months with sales of $5037. Maui Wowie Distillate Cartridge (1g) also remained a strong contender, holding the second position consistently from March to May 2024. Pineapple Express Distillate Cartridge (1g) ranked third, dropping from its second position in April. Trainwreck Distillate Cartridge (1g) made its debut on the list at fourth place. Watermelon Kush Distillate Cartridge (1g) maintained its fifth-place ranking from April to May 2024.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Blue Dream Distillate Cartridge (1g)
Vapor Pens
5
1
1
1
Maui Wowie Distillate Cartridge (1g)
Vapor Pens
4
2
3
2
Pineapple Express Distillate Cartridge (1g)
Vapor Pens
>5
3
2
3
Trainwreck Distillate Cartridge (1g)
Vapor Pens
>5
>5
>5
4
Watermelon Kush Distillate Cartridge (1g)
Vapor Pens
>5
>5
5
5
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