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Jun-2024
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Overview
Market Insights Snapshot
Next1 Labs LLC has shown significant performance in the Colorado market, particularly in the Concentrates category. Over the past few months, the brand has maintained strong positions, starting at rank 4 in March and April 2024, moving up to rank 2 in May, and slightly dropping to rank 3 in June. This consistent high ranking indicates robust market presence and consumer preference. The sales trend also reflects this strength, peaking in May 2024 before a slight dip in June. Despite the drop, the brand remains a top contender in this category.
In the Pre-Roll category, Next1 Labs LLC has demonstrated a positive trajectory, climbing from rank 18 in March 2024 to rank 14 by June. This upward movement suggests growing popularity and improved market penetration. The Vapor Pens category also shows a notable improvement, with the brand advancing from rank 31 in March to rank 14 in June. This significant climb indicates a strong upward trend and potential for continued growth. It is worth noting that in March, the brand was not in the top 30 for Vapor Pens, marking a substantial improvement by June. These movements across categories highlight Next1 Labs LLC's strategic growth and increasing market share in Colorado.
Competitive Landscape
In the competitive landscape of vapor pens in Colorado, Next1 Labs LLC has shown a significant upward trajectory in rank and sales over the past few months. Starting from a rank of 31 in March 2024, Next1 Labs LLC has impressively climbed to rank 14 by June 2024, indicating a strong market presence and increasing consumer preference. This rise is particularly notable when compared to competitors such as Olio, which has seen a more modest improvement from rank 18 to 15 in the same period. Meanwhile, Sano Gardens experienced a decline from rank 7 to 13, and Seed & Strain Cannabis Co. fluctuated, ending at rank 16 in June. The consistent upward trend of Next1 Labs LLC, culminating in a significant sales boost in June, positions it as a formidable competitor in the Colorado vapor pens market, suggesting a growing brand loyalty and effective market strategies.
Notable Products
In Jun-2024, the top-performing product for Next1 Labs LLC was the Ghost Train Haze Live Resin Cartridge (1g) from the Vapor Pens category, maintaining its rank at number 1 with notable sales of 8,407 units. The Sunset Sherbet Distillate Cartridge (1g) also from Vapor Pens, climbed back to the second position with 8,039 units sold, reflecting a consistent performance. The Grape Stomper Distillate Cartridge (1g) improved its position to third place, showing significant growth from previous months. The Cannalope Crush Distillate Cartridge (1g) re-entered the rankings at fourth place. The Trop Thunder Distillate Cartridge (1g) retained its fifth position, showing steady sales figures. Overall, the Vapor Pens category dominated the top five rankings for Next1 Labs LLC in Jun-2024.
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