Jun-2024
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Overview
Market Insights Snapshot
nuEra has shown varied performance across different product categories in Illinois over the past few months. In the Concentrates category, nuEra experienced a slight dip in May 2024, dropping to rank 18 from 12 in April, but they managed to recover somewhat by June, climbing back to rank 15. This indicates a potential fluctuation in consumer preference or market competition. Conversely, in the Edible category, nuEra has struggled to break into the top 30 consistently, with rankings of 31 in March and May, and a slight improvement to 29 in April and June. This suggests that while there is some stability in their performance, the brand faces significant competition in the Edible market.
In the Flower category, nuEra has demonstrated a positive trajectory, improving their rank from 30 in March to 23 by June. This upward trend is a strong indicator of growing consumer acceptance and potentially effective marketing strategies. However, their performance in the Pre-Roll category has been less consistent, with ranks fluctuating from 52 in March to a peak of 37 in May before dropping back to 45 in June. Meanwhile, the Vapor Pens category has seen nuEra fall outside the top 30 for all months, with a notable decline in sales from March to June. These varying trends highlight the need for nuEra to possibly re-evaluate their strategies in the more competitive categories while capitalizing on their strengths in Flower products.
Competitive Landscape
In the competitive landscape of the Illinois flower category, nuEra has shown a notable upward trend in rank and sales over recent months. Starting from a rank of 30 in March 2024, nuEra has climbed to 23 by June 2024, demonstrating a steady improvement. This positive trajectory is particularly significant when compared to competitors like Kaviar, which has seen a decline from rank 23 to 25 over the same period, and 93 Boyz, which has also improved but remains slightly behind nuEra, moving from rank 36 to 24. Meanwhile, Good Green has made a more dramatic leap from rank 40 to 22, indicating strong competition. Lula's has maintained a consistent presence in the top 21, suggesting a stable market position. These movements highlight nuEra's competitive edge and potential for further growth in a dynamic market.
Notable Products
In June 2024, the top-performing product for nuEra was Green Apple Live Resin Gummies 10-Pack (100mg), maintaining its first-place rank from April. Indica Blueberry Live Resin Gummies 10-Pack (100mg) followed closely in second place, a slight improvement from its fourth-place rank in May. Black Cherry Gelato (3.5g) emerged as a new contender, securing third place with notable sales of $2454. Jungle Cake (3.5g) dropped one position to fourth place, while Black Inferno (3.5g) entered the rankings at fifth place. The rankings indicate a dynamic shift, particularly with new flower products entering the top five.