Market Insights Snapshot
In the Vapor Pens category, BOUNTI has been maintaining a steady presence in the top 20 brands in Nevada. Over the four-month period from August to November 2023, BOUNTI's ranking fluctuated slightly but remained within the top 20. In August, it held the 18th position, dropped to 19th in September, improved to 16th in October, and returned to the 18th spot in November. This consistent performance in the rankings indicates a stable demand for BOUNTI's Vapor Pens in the Nevada market.
When it comes to sales, BOUNTI exhibited a notable upward trend in October 2023. While the brand started with sales of approximately $241,435 in August, it experienced a dip in September, falling to around $201,814. However, October saw a significant rebound, with sales soaring to approximately $314,344. This spike suggests a positive customer response to BOUNTI's offerings during that month. The sales in November showed a decrease, settling at around $194,089. Despite this drop, BOUNTI's overall performance in the latter half of 2023 demonstrates its resilience and potential for growth in the competitive Vapor Pens market of Nevada.
In the Vapor Pens category in Nevada, BOUNTI has shown a consistent presence in the top 20 brands over the period from August to November 2023, although it has experienced some fluctuations in its ranking. In August, BOUNTI was ranked 18th, slipping slightly to 19th in September, before improving to 16th in October and then falling back to 18th in November. This indicates a degree of volatility in BOUNTI's market position. In comparison, Verano has consistently ranked higher than BOUNTI, despite experiencing similar fluctuations. Savvy has shown a more positive trend, climbing from 19th in August to 16th in November, overtaking BOUNTI in the process. LP Exotics was not in the top 20 in August, but by November had climbed to 20th, indicating a strong upward trend. Desert Drip was also not in the top 20 in August, but by November had climbed to 19th, indicating a potential threat to BOUNTI's market position.
In November 2023, BOUNTI's top-performing product was the Blue Dream Distillate Disposable (0.5g) from the Vapor Pens category, maintaining its first-place ranking from previous months with 658 units sold. The second bestseller was the Tropical Trainwreck Live Resin Disposable (0.5g), also in the Vapor Pens category, which climbed from fourth place in September to second in November. The OG Blackberry Distillate Disposable (0.5g) secured the third spot, after being ranked second in October. The Creamsicle Distillate Disposable (0.5g) slipped from second place in September to fourth in November. Finally, the Creamsicle Distillate Cartridge (0.5g) re-entered the top five after not being ranked in October.