Market Insights Snapshot
Goldwater Extracts has been showing a promising trend in the Vapor Pens category in Colorado. Starting from August 2023, the brand was not among the top 20, ranking 35th. However, it has been steadily climbing the ranks, moving up to 28th in September, 21st in October, and finally breaking into the top 20 in November with a rank of 18. This upward trend in ranking is indicative of the brand's growing popularity and acceptance among consumers in the Vapor Pens category in Colorado.
Alongside the improvement in ranking, Goldwater Extracts has also been experiencing a significant increase in sales in the same period. From August to November 2023, the sales have almost tripled. This is a clear indication of the brand's strong performance and potential for growth. While it is important to note that the brand's ranking and sales could be influenced by various factors, the consistent upward trend suggests that Goldwater Extracts is making the right moves in the Colorado market.
In the Vapor Pens category within Colorado, Goldwater Extracts has shown a significant upward trend in both rank and sales from August to November 2023. Starting from a rank of 35 in August, it climbed to 18 by November, surpassing competitors like Dabs Labs and The Colorado Cannabis Co., which were not even in the top 20 in August. Despite this, Goldwater Extracts still trails behind other brands like Natty Rems and PAX, which have consistently maintained their positions in the top 20. However, the rapid growth of Goldwater Extracts indicates a strong potential for further advancement in the competitive landscape.
In November 2023, Goldwater Extracts' top-performing product was the 'Blue Zherbert Distillate Cartridge (1g)' from the Vapor Pens category, with a significant sales figure of 4994 units. The 'Tropical Trainwreck Distillate Cartridge (1g)', also from the Vapor Pens category, ranked second. Interestingly, the 'Granola Skunk Distillate Cartridge (1g)', which was the top performer in August and September, dropped to third place in November. The 'Acapulco Gold Distillate Cartridge (1g)' and 'Violet Daze Distillate Cartridge (1g)', both Vapor Pens, rounded out the top five. This analysis shows a dynamic market, with rankings changing month-to-month, and the Vapor Pens category dominating the top spots.