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Oct-2024
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Overview
Market Insights Snapshot
In the province of Ontario, C Minor has shown a notable performance in the Capsules category. Starting from a solid 8th place in both July and August 2024, the brand experienced a slight decline, slipping to 9th in September and further to 10th in October. This downward trend in rankings corresponds with a decrease in sales, with October sales figures showing a significant drop compared to July. Despite the decline in rankings, maintaining a position within the top 10 indicates a resilient presence in the market. However, for those interested in C Minor's trajectory, the challenge will be to see if they can regain their earlier standing or if this downward trend will continue.
Meanwhile, in the Oil category, C Minor's performance in Ontario reflects a different trend. The brand started off in 13th place in July and experienced a fluctuating performance, dropping to 15th in August, then slightly improving to 14th in September, before falling to 18th in October. This inconsistency in rankings is mirrored by their sales figures, which show a general decline over the months. Notably, the absence from the top 10 in this category suggests a more competitive landscape or potential challenges faced by the brand in this segment. Observers may find it interesting to track whether C Minor can stabilize and improve its position in the coming months.
Competitive Landscape
In the Ontario capsules category, C Minor has experienced a notable decline in both rank and sales over the past few months. Starting from a solid 8th position in July 2024, C Minor slipped to 10th by October 2024, indicating a downward trend that could be concerning for the brand's market presence. This decline is contrasted by Dosecann, which maintained a relatively stable position, only dropping from 6th to 8th, while also showing a general increase in sales from July to September before a slight dip in October. Meanwhile, Stigma Grow improved its rank from 10th to 9th, suggesting a strengthening market position despite fluctuating sales. In comparison, Mood Ring and Decimal remained outside the top 10 for most of the period, with Mood Ring dropping from 11th to 12th and Decimal improving slightly from 12th to 11th. This competitive landscape highlights the challenges C Minor faces in regaining its earlier standing and underscores the importance of strategic adjustments to counteract the upward momentum of its competitors.
Notable Products
In October 2024, the top-performing product from C Minor was the CBD Fast Acting 50 Max Softgels 30-Pack (1500mg CBD) in the Capsules category, maintaining its number one rank consistently since July despite a decline to 1156 units sold. The CBD 50 Max 3000 Oil Drops (60ml) climbed back to second place after dropping to third in September, showing resilience in the Oil category. CBD Isolate 100 Max 3000 Oil (30ml) retained a strong position at third place, switching ranks with the 50 Max Oil Drops compared to the previous month. The CBG:CBD 1:2 Max 2250 Ultra Formula Oil (30ml) improved its standing, moving up to fourth place, indicating growing interest in this Oil product. Lastly, the Fast Acting Max Softgels 30-Pack (300mg) consistently held the fifth position, although its sales figures showed a downward trend over the months.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
