Market Insights Snapshot
Starting with the Concentrates category, Colorado saw a significant improvement in the ranking of Bud Fox Supply Co. The brand moved from being the 9th top brand in August and September 2023 to 6th in October, and finally ended up as the 2nd top brand in November. This is a substantial leap and shows a promising trend. However, it's important to note that despite the improvement in ranking, there was a dip in sales from August to September, before seeing a gradual increase in the following months.
On the other hand, in the Flower and Vapor Pens categories, Bud Fox Supply Co didn't make it into the top 20 brands in Colorado in August 2023. However, there was a significant improvement in the Flower category as the brand moved up to 19th place by November. This is a positive trend, although the brand still has a long way to go. The Vapor Pens category, however, showed a more fluctuating trend. The brand managed to improve its ranking to 49th in September, but fell back to 61st place in November, indicating a more volatile market performance in this category.
In the Concentrates category within Colorado, Bud Fox Supply Co has shown a positive trend, improving its rank from 9th in August 2023, to 2nd by November 2023. This upward trajectory indicates a growing market presence and increased sales, surpassing several competitors. Notably, Next1 Labs LLC experienced a slight drop in rank over the same period, moving from 2nd to 4th place. Spectra, on the other hand, climbed from 4th to 1st place, indicating a significant increase in sales. Amber also saw a fluctuation in rank, initially rising from 3rd to 1st place, but then falling to 3rd again by November. The absence of a rank for any given month indicates that the brand was not among the top 20 in the Concentrates category in Colorado for that month.
In Nov-2023, the top-performing product from Bud Fox Supply Co was 'Hybrid Sugar Wax (4g)' from the Concentrates category, maintaining its top position from Oct-2023 with a significant sales increase to 6082 units. Following closely in second place was 'Lemonage A Trois (Bulk)' from the Flower category, moving up two ranks from the previous month with sales reaching 6058 units. 'Flo Limon (1g)', also from the Flower category, came in third, maintaining its position from Oct-2023. The 'Sativa Sugar Wax (4g)' from the Concentrates category took the fourth spot, dropping one rank from the previous month. Finally, 'Lemon Cake (Bulk)' from the Flower category made its first appearance in the top five with sales of 2333 units.