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Jun-2024
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Overview
Market Insights Snapshot
Venom Extracts has shown strong performance in the Concentrates category within Arizona. The brand has consistently ranked within the top 5, peaking at the 3rd position in April 2024. Despite a slight dip in sales from March to June, Venom Extracts managed to maintain a solid ranking, moving from 5th place in March to 3rd place in June. This stability in ranking, despite fluctuating sales, highlights the brand's strong market presence and consumer loyalty within the Concentrates category in Arizona.
In contrast, Venom Extracts has struggled to make a significant impact in the Pre-Roll category in Arizona. The brand consistently ranked outside the top 30, with positions ranging from 50th in March to 59th in June. This lack of presence in the top rankings indicates a need for strategic adjustments to improve their market share in this category. On a more positive note, Venom Extracts has shown upward movement in the Vapor Pens category, climbing from the 40th position in March to 31st in June, suggesting potential for growth and increased consumer interest in their vapor pen products.
Competitive Landscape
In the highly competitive Arizona concentrates market, Venom Extracts has shown notable fluctuations in its ranking over the past few months. Despite a strong performance in April 2024, where it climbed to the 3rd position, Venom Extracts experienced a slight dip in May 2024, dropping to 4th place, before rebounding to 3rd in June 2024. This indicates a resilient brand that can recover quickly from market pressures. In contrast, Mohave Cannabis Co. has consistently held the top spot, highlighting a significant gap in market dominance. Meanwhile, High Grade and Grow Sciences have also been strong competitors, with High Grade notably rising to 2nd place in June 2024. iLava, on the other hand, has seen a more volatile performance, peaking at 4th place in June 2024. These dynamics suggest that while Venom Extracts remains a key player, it faces stiff competition from both established and emerging brands in the Arizona concentrates market.
Notable Products
In June 2024, the top-performing product for Venom Extracts was Diamond OG Distillate (1g) in the Concentrates category, which ranked first with sales of 1483 units. Triangle OG RSO (1g) moved up to second place from its previous third position in May, showing strong sales of 1403 units. Pure Melon RSO Syringe (1g) secured the third spot, maintaining consistent performance across months with 1380 units sold. Peanut Butter Breath Shake Pre-Roll (1g) in the Pre-Roll category ranked fourth with 1346 units sold, making a notable appearance in the rankings. Forbidden Fruit Distillate Syringe (1g) entered the top five for the first time, ranking fifth with 1072 units sold.
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