Item Nine Labs

Data Snapshot: Apr 04, 2024
Item Nine Labs Cannabis Brand Logo
$100K+

Mar-2024

Sales

Decline

Trend

6-Month

50

Product Count

SKUs

Item Nine Labs

Overview

Item Nine Labs, a prominent cannabis cultivator based in Arizona, is recognized for its high-grade, award-winning products that encompass an extensive range, including broad spectrum cannabis vape oil, pre-rolls, resins, and more. As a vertically integrated cannabis franchisor and operator listed as "INLB" on the OTCQX Best Market, Item Nine Labs uses proprietary technology to enhance products for optimal user experience. Despite leadership changes, the company achieved a notable 30% year-over-year increase in units sold in January 2023, reflecting its thriving status in the competitive cannabis industry.
Markets

Item Nine Labs Locations

Product Trends

Item Nine Labs Categories

Item Nine Labs Sales

Market Insights Snapshot

Item Nine Labs Historical Sales by Category

In the Arizona market, Item Nine Labs has shown a mixed performance across different cannabis categories, with notable trends in both positive and negative directions. In the Concentrates category, the brand maintained a stable presence in the top 15, slightly fluctuating between the 10th and 11th positions from December 2023 through March 2024, despite a noticeable decline in sales from 160,151 in December to 113,341 by March. This stability suggests a consistent demand for their concentrates. However, the story is quite different for Vapor Pens, where Item Nine Labs experienced a significant drop, moving from the 14th position in December to 56th by March. This drastic ranking decline, alongside a steep decrease in sales, indicates a substantial loss of market share and consumer interest in their vapor pen products within the Arizona market.

On the other hand, the performance of Item Nine Labs in the Flower and Pre-Roll categories tells a story of struggle and resilience. The brand's Flower category ranking fell outside the top 30 starting in December, with a continued decline in rankings and sales, highlighting a challenging competitive landscape. This downward trend in the Flower category might be a cause for concern, suggesting the need for strategic adjustments. Conversely, the Pre-Roll category shows a more positive aspect, with the brand managing to improve its ranking from 29th in December to 24th in January, then stabilizing around the 28th position through March. Despite the overall competitive challenges, this relative stability and slight improvement in the Pre-Roll category may indicate a loyal customer base and a potential area for growth and focus for Item Nine Labs in the Arizona market.

Mar-2024 Rank
Concentrates
Flower
Pre-Roll
Vapor Pens
11
50
28
56
Item Nine Labs

Competitive Landscape

In the competitive landscape of the concentrates category in Arizona, Item Nine Labs has shown a fluctuating performance over the recent months. Starting from December 2023, Item Nine Labs was ranked 12th, improving to 10th in January 2024, maintaining its position in February, but then slightly dropping to 11th in March 2024. This indicates a competitive but unstable position within the market. Notably, its competitors have shown varied performances; Tru Infusion experienced a significant drop from 7th to 13th place, suggesting a potential opportunity for Item Nine Labs to capture a larger market share. Conversely, IO Extracts improved its rank significantly, moving from 11th to 9th, indicating a strong upward trajectory in the same period. Other notable competitors like HOLOH and Goldsmith Extracts have also shown fluctuations, but their movements suggest a highly competitive environment where ranks can change rapidly. This dynamic ranking among competitors, including Item Nine Labs, underscores the importance of strategic marketing and product quality improvements to maintain or improve market position in Arizona's concentrates category.

Item Nine Labs market ranking for AZ Concentrates

Item Nine Labs

Notable Products

In March 2024, the top-performing product for Item Nine Labs was Fruity Grape Pie Live Resin Disposable (1g) under the category of Concentrates, achieving first place with sales figures reaching 1563 units. Following closely, Larry Cake x Unity Live Sugar Infused Pre-Roll (1g) from the Pre-Roll category secured the second position, a slight drop from its top rank in February 2024, showcasing consistent consumer preference with 1473 units sold. The third spot was taken by Larry Cake x GBM Crumble Infused Pre-Roll (1g), also from the Pre-Roll category, marking its entry into the top three for the first time since December 2023. Larry Cake x Sherb Breath Live Sugar Infused Pre-Roll (1g) and Bubba Kush x Gelato (5g) rounded out the fourth and fifth positions, respectively, indicating a diverse interest across different cannabis product categories. This ranking shift highlights a dynamic market preference, with Concentrates and Pre-Rolls particularly standing out in March 2024.

Product Rank
Category
Dec-2023
Jan-2024
Feb-2024
Mar-2024
Fruity Grape Pie Live Resin Disposable (1g)
Concentrates
>5
>5
>5
1
Larry Cake x Unity Live Sugar Infused Pre-Roll (1g)
Pre-Roll
>5
3
1
2
Larry Cake x GBM Crumble Infused Pre-Roll (1g)
Pre-Roll
5
>5
>5
3
Larry Cake x Sherb Breath Live Sugar Infused Pre-Roll (1g)
Pre-Roll
>5
>5
>5
4
Bubba Kush x Gelato (5g)
Flower
>5
>5
>5
5
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