NectarBee

Data Snapshot: Jun 11, 2024
NectarBee Cannabis Brand Logo
<$50K

May-2024

Sales

Decline

Trend

6-Month

5

Product Count

SKUs

NectarBee

Overview

NectarBee is a distinguished brand within the cannabis industry specializing in premium infused edibles, crafted by The Green Solution, with a portfolio comprising of truffles, gummies, chocolates, and much more. Endowed with award-winning Extractionz technology, these advanced products offer a broadened array of cannabis forms such as concentrates, edibles, beverages, and topicals. It's notable that NectarBee's infused creations seamlessly merge quality and tradition, upholding strict compliance to state cannabis laws, while redefining marijuana usage through sublingual absorption methods.
Markets

NectarBee Locations

Product Trends

NectarBee Categories

NectarBee Sales

Market Insights Snapshot

NectarBee Historical Sales by Category

NectarBee has shown varied performance across different categories and states. In the Colorado market, the brand has not been in the top 30 for the Concentrates category for the months of February through April 2024. However, there was a slight improvement in May 2024, where they ranked 64th. This upward movement, albeit minor, indicates a potential positive trend in their Concentrates category performance. On the other hand, their absence from the top 30 for three consecutive months could be a concern for the brand's market presence in this category.

In contrast, NectarBee has demonstrated a strong and consistent presence in the Topical category within Colorado. The brand maintained a solid ranking, moving from 9th in February to 6th place by April and sustaining this position in May 2024. This steady climb in the rankings suggests that NectarBee is strengthening its foothold in the Topical category. The consistent increase in sales figures, from $14,854 in February to $24,649 in May, underscores the brand's growing consumer acceptance and market share in this segment.

May-2024 Rank
Concentrates
Topical
64
6
NectarBee

Competitive Landscape

In the competitive landscape of the Colorado Topical cannabis market, NectarBee has shown a notable upward trend in its rankings over the past few months. Starting from a rank of 9th in February 2024, NectarBee climbed to 6th place by May 2024, indicating a positive trajectory in market presence. This improvement is significant when compared to competitors such as Highly Edible, which experienced a decline from 5th to 8th place during the same period, and Care Division, which fluctuated between 5th and 8th positions. Additionally, My Brother's Flower maintained a stable yet slightly higher rank, consistently holding the 5th position. Meanwhile, Nordic Goddess remained a strong competitor, consistently ranking 4th. NectarBee's consistent improvement in rank and sales growth, particularly in May 2024, suggests a strengthening market position and increasing consumer preference in the Colorado Topical category.

NectarBee market ranking for CO Topical

NectarBee

Notable Products

In May-2024, the top-performing product for NectarBee was Pure Caviar (1g) in the Concentrates category, maintaining its first-place ranking with sales of $740. CBD/THC 1:5 Heal Line Nerve Salve (50mg CBD, 250mg THC, 1.78oz) ranked second, showing a notable increase from its third-place position in April-2024. CBD/THC 1:1 Heal Line Muscle Balm (100mg CBD, 100mg THC) dropped to third place, despite consistently high sales figures in previous months. The Caviar Cone - Hybrid Infused Pre-Roll (1g) held steady in fourth place, mirroring its rank from April-2024. Ginger Ale (10mg, 355ml) also remained in fourth place among beverages, consistent with its ranking in April-2024.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Pure Caviar (1g)
Concentrates
1
3
1
1
CBD/THC 1:5 Heal Line Nerve Salve (50mg CBD, 250mg THC, 1.78oz)
Topical
2
2
3
2
CBD/THC 1:1 Heal Line Muscle Balm (100mg CBD, 100mg THC)
Topical
3
1
2
3
Caviar Cone - Hybrid Infused Pre-Roll (1g)
Pre-Roll
4
5
5
4
Ginger Ale (10mg, 355ml)
Beverage
>5
4
4
4
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