Nomad Extracts

Established in Denver, Colorado, Nomad Extracts is a reputable brand in the cannabis industry, specializing in extraction techniques like separations, crystallizations, and isolations. As part of a diverse umbrella of licensed cannabis brands, Nomad Extracts emphasizes the production of top-tier, high-quality cannabis products, and has notably solidified its position among industry leaders. This brand's roots in the Rocky Mountains lend a distinctive origin to its identity, reinforcing its commitment to the provision of pure and premium cannabis extracts.
Trend
Neutral
Jan-2024 Sales
$100K+
Product Count
67
Updated
February 6, 2024
Markets
Nomad Extracts Historical Sales by Category

Market Insights Snapshot

In Colorado, Nomad Extracts has shown a notable presence in the cannabis market, particularly in the Concentrates category. Over the period from October 2023 to January 2024, the brand maintained a consistent position within the top 20, moving from a rank of 16th in October and November 2023 to 15th in December 2023, and impressively climbing to 11th by January 2024. This upward trajectory is underscored by a corresponding increase in sales, which grew from $183,385 in October 2023 to $206,706 by January 2024, indicating a solidifying market presence and increasing consumer preference within the state. However, in the Vapor Pens category, Nomad Extracts struggled to break into the top 20 until November 2023, and despite some improvement in rankings from 96th in November to 88th by January 2024, the sales figures and rankings suggest that this category represents a challenging area for the brand in Colorado.

Contrastingly, in Missouri, Nomad Extracts faced a more challenging environment, particularly within the Concentrates category. Starting from a rank of 24th in October 2023, the brand experienced a significant decline, dropping to 55th by January 2024. This downward trend is mirrored in the sales figures, with a stark decrease from $72,129 in October 2023 to a mere $3,813 by January 2024. This decline in both rank and sales volume indicates a significant loss of market share and consumer interest in Missouri, contrasting sharply with the brand's performance in Colorado. The brand's difficulties in maintaining its market position in Missouri's Concentrates category highlight the competitive challenges and varying consumer preferences across different states.

Jan-2024 Rank
Concentrates
Vapor Pens
11
88
55

Competitive Landscape

In the competitive landscape of the concentrates category in Colorado, Nomad Extracts has shown a notable upward trajectory in its market position, moving from 16th in October 2023 to 11th by January 2024. This improvement in rank is indicative of a positive sales trend, with Nomad Extracts closing the gap on its competitors. Notably, Denver Dab Co has made significant strides, climbing from 13th to 9th in the same period, underscoring a competitive market dynamic. Meanwhile, Dabble Extracts has maintained a steady presence in the top 10, fluctuating slightly but holding the 10th position by January 2024. Harmony Extracts and The Colorado Cannabis Co. have experienced slight declines in their rankings, with Harmony Extracts dropping to 13th and The Colorado Cannabis Co. to 12th by January 2024. Nomad Extracts' upward movement in the ranks, coupled with its closing sales gap towards competitors, positions it as a brand to watch in the evolving concentrates market in Colorado.

Nomad Extracts market ranking for CO Concentrates

Notable Products

In January 2024, Nomad Extracts saw 2 Scoops Wax (1g) leading its sales in the Concentrates category, maintaining its top position from the previous two months with a notable sales figure of 1278 units. Cherrygasm Shatter (1g) followed as the second top-selling product, improving its rank from third in December 2023 to second, with a significant increase in sales. The Hybrid Wax Bucket (4g) dropped to the third rank in January after being second in December, indicating a shift in consumer preference within the Concentrates category. Blackberry Tart Wax (1g) and Peach Maraschino Wax (1g) also made it to the top five, ranking fourth and fifth respectively, showing consistent demand among consumers. These rankings highlight a dynamic consumer preference, with 2 Scoops Wax (1g) demonstrating a strong and steady demand over the recent months.

Product Rank
Category
Oct-2023
Nov-2023
Dec-2023
Jan-2024
2 Scoops Wax (1g)
Concentrates
2
1
1
1
Cherrygasm Shatter (1g)
Concentrates
>5
2
3
2
Hybrid Wax Bucket (4g)
Concentrates
1
5
2
3
Blackberry Tart Wax (1g)
Concentrates
5
>5
4
4
Peach Maraschino Wax (1g)
Concentrates
3
3
>5
5
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