Nomad Extracts

Data Snapshot: Jun 11, 2024
Nomad Extracts Cannabis Brand Logo
$100K+

May-2024

Sales

Strong Growth

Trend

6-Month

161

Product Count

SKUs

Nomad Extracts

Overview

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.
Markets

Nomad Extracts Locations

Product Trends

Nomad Extracts Categories

Nomad Extracts Sales

Market Insights Snapshot

Nomad Extracts Historical Sales by Category

Nomad Extracts has shown a notable performance in the Concentrates category in Colorado. The brand maintained a steady 10th position in February and March 2024, before climbing to 9th in April, and further improving to 6th in May. This upward trajectory indicates a strong and growing presence in the Colorado market. The sales figures also reflect this positive trend, with a significant increase from $232,497 in February to $292,221 in May. The consistent improvement in rankings and sales highlights Nomad Extracts' increasing popularity and market penetration within the state.

However, it is important to note that Nomad Extracts did not appear in the top 30 brands for the Concentrates category in other states during the same period. This absence suggests that while the brand is making significant strides in Colorado, it has yet to achieve similar success in other markets. The focus on Colorado could imply a strategic emphasis on strengthening their position in a key market before expanding further. Monitoring future performance in additional states will be crucial to understanding Nomad Extracts' overall market strategy and growth potential.

May-2024 Rank
Concentrates
6
Nomad Extracts

Competitive Landscape

In the competitive landscape of the Colorado concentrates market, Nomad Extracts has shown a steady improvement in its rankings over the past few months, moving from 10th place in February 2024 to 6th place by May 2024. This upward trend suggests a positive reception of their products and effective marketing strategies. However, competitors like Denver Dab Co and Spectra have also demonstrated strong performances, with Denver Dab Co climbing from 14th to 5th place and Spectra maintaining a consistent top 5 position. Meanwhile, 710 Labs has seen a decline, dropping from 2nd to 7th place, which could indicate a shift in consumer preferences or market dynamics. Dabble Extracts experienced fluctuations, falling out of the top 20 in April but rebounding to 8th place in May. These movements highlight the competitive and dynamic nature of the market, where Nomad Extracts' consistent rise in rank positions them favorably against both established and emerging brands.

Nomad Extracts market ranking for CO Concentrates

Nomad Extracts

Notable Products

In May-2024, the top-performing product from Nomad Extracts was Garlicane Wax (1g), which ranked first with notable sales of 879 units. Ice Cream Cake Wax (1g) followed in second place, showing a significant rise from its absence in April. Devil Driver x Zero Gravity Sugar Wax (1g) debuted in third place, while Modified Grapes Wax (1g) and Apple Fritter Wax (1g) secured the fourth and fifth positions, respectively. Compared to previous months, Garlicane Wax (1g) saw a significant jump from fourth place in April to first in May. Similarly, Ice Cream Cake Wax (1g) moved up from being unranked in April to second in May, indicating a strong performance surge.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
Garlicane Wax (1g)
Concentrates
>5
3
4
1
Ice Cream Cake Wax (1g)
Concentrates
>5
5
>5
2
Devil Driver x Zero Gravity Sugar Wax (1g)
Concentrates
>5
>5
>5
3
Modified Grapes Wax (1g)
Concentrates
>5
>5
>5
4
Apple Fritter Wax (1g)
Concentrates
>5
>5
>5
5
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