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Jun-2024
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Overview
Market Insights Snapshot
Dabble Extracts has shown notable performance across various categories and states, with significant movements in rankings. In British Columbia, the brand's presence in the Concentrates category has been somewhat volatile. Starting at rank 18 in March 2024, it saw a dip to 27 in May before recovering slightly to 24 in June. This fluctuation indicates a competitive market, where Dabble Extracts is managing to stay within the top 30, albeit with some challenges. Their sales figures reflect this trend, with a noticeable drop in May followed by a rebound in June.
In contrast, Colorado has been a more stable market for Dabble Extracts, especially in the Concentrates category. The brand maintained a top 20 position throughout the observed months, with a notable peak at rank 10 in both May and June. This consistent performance underscores their strong foothold in the state's market. However, their performance in the Vapor Pens category tells a different story. Dabble Extracts did not make it to the top 30 in March and April but saw a significant jump to rank 33 in May, maintaining a similar position in June. This upward movement suggests a growing acceptance and popularity of their products in this category, even though they have yet to secure a top-tier position.
Competitive Landscape
In the competitive landscape of the Colorado vapor pens market, Dabble Extracts has shown significant fluctuations in rank and sales over the past few months. Notably, Dabble Extracts surged from a rank of 71 in April 2024 to 33 in May 2024, indicating a substantial improvement in market presence. However, it slightly declined to 34 in June 2024. This upward trend in May can be attributed to a sharp increase in sales, which jumped from 32,227 in April to 189,703 in May. In comparison, Binske maintained a relatively stable position, hovering around the 30s, but experienced a notable sales spike in May, which might have impacted Dabble Extracts' rank. Similarly, Billo and Revel (CO) have shown consistent performance, with Revel (CO) even surpassing Dabble Extracts in June. Shift Cannabis also saw an upward trajectory, which could pose a competitive threat. These dynamics highlight the volatile nature of the market and underscore the importance for Dabble Extracts to maintain its momentum to secure a higher and more stable rank.
Notable Products
In June 2024, the top-performing product from Dabble Extracts was Rainbow Unicorn Distillate Cartridge (1g) in the Vapor Pens category, maintaining its first-place ranking from May with a notable sales figure of $2050. Mojito Distillate Cartridge (0.5g) secured the second position, debuting in the rankings. Odder Popz Distillate Cartridge (1g) moved up to third place from its previous fourth position in May, while Odder Popz Distillate Cartridge (0.5g) entered the rankings at fourth place. Cherry Limeade Distillate Cartridge (0.5g) rounded out the top five. This month saw new entries and slight shifts in rankings, indicating a dynamic market for Dabble Extracts products.
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