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Jun-2024
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Overview
Market Insights Snapshot
Nuhi's performance in Colorado shows a notable consistency and improvement across various categories. In the Concentrates category, Nuhi has maintained a steady rank of 19 from April to June 2024, after climbing from the 26th position in March. This stability indicates a strong foothold in the market despite a slight dip in sales from $155,370 in April to $111,958 in June. In the Flower category, Nuhi made a significant leap from being ranked 76th in March to 42nd by May, holding this position through June. This upward movement reflects a growing consumer preference for Nuhi's flower products, even though there was a fluctuation in sales figures.
Meanwhile, in the Pre-Roll category, Nuhi showed gradual improvement, moving from 38th in March to 33rd in May and maintaining this rank through June. This steady climb suggests a positive reception of their pre-roll products, despite a decrease in sales from $71,152 in April to $56,738 in June. In the Vapor Pens category, Nuhi experienced a more volatile performance, with rankings shifting from 65th in March to 47th in April, dropping to 55th in May, and then returning to 47th in June. This fluctuation points to a competitive market landscape, yet Nuhi's ability to regain their rank indicates resilience and potential for growth in this segment.
Competitive Landscape
In the competitive landscape of the Colorado concentrates market, Nuhi has shown a notable performance, particularly from March to June 2024. Despite starting at rank 26 in March, Nuhi improved its position to rank 19 by April and maintained this rank through June. This upward trend indicates a positive reception and growing market presence. In contrast, Apothecary Extracts experienced fluctuations, dropping out of the top 20 in April and May before rebounding to rank 21 in June. Similarly, Olio saw a decline from rank 12 in March to rank 20 in June, suggesting potential challenges in maintaining its market share. Meanwhile, Rare Dankness made a significant leap from rank 33 in March to rank 18 in June, indicating a strong resurgence. Sunshine Extracts also showed volatility, with its rank fluctuating between 14 and 24 over the same period. These dynamics highlight Nuhi's steady performance amidst a competitive and fluctuating market, suggesting a strong potential for continued growth and stability.
Notable Products
In June 2024, the top-performing product for Nuhi was Chem Lemons Infused Pre-Roll (1g) with sales of $2,386. De La Sour B-Bud (14g) secured the second position, improving from its 5th place in April. Papaya B-Bud (7g) ranked third, marking its debut in the top ranks. Grand Master Sexy B-Bud (7g) dropped to fourth place from its previous third position in May. Doobz - Chem i-95 Kief Infused Pre-Roll (1g) rounded out the top five, making a notable entry in the rankings.
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