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Oct-2024
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Overview
Market Insights Snapshot
Kin Slips has demonstrated a remarkable consistency in maintaining its top position in the Tincture & Sublingual category across both Alberta and Ontario. In Alberta, the brand has held the number one rank consistently from July through October 2024, with sales figures showing a subtle increase from $23,118 in July to $23,417 in October. This stability suggests a strong brand presence and consumer loyalty in the region. Meanwhile, in Ontario, Kin Slips also retained the top spot over the same period, with a significant upward trend in sales, peaking at $60,373 in October. This growth trajectory indicates an expanding market reach and possibly an increasing consumer base in Ontario, which could be attributed to effective distribution strategies or rising product popularity.
It is worth noting that Kin Slips does not appear in the top 30 brands in any other state or category, which could be interpreted in various ways. On one hand, the absence from other rankings might suggest a strategic focus on the Tincture & Sublingual category within these two provinces, allowing for concentrated efforts that bolster their leading position. On the other hand, this could indicate potential areas for growth if the brand aims to diversify its market presence across different states or categories. The consistent top ranking in Alberta and Ontario, however, underscores the brand's stronghold in its chosen niche, reflecting a robust market strategy that capitalizes on consumer preferences in these regions.
Competitive Landscape
In the Ontario Tincture & Sublingual category, Kin Slips has maintained a consistent top rank from July to October 2024, showcasing its dominance in the market. This steady performance is indicative of a strong brand presence and customer loyalty. While specific sales figures are not disclosed, Kin Slips' sustained number one position suggests a significant lead over competitors. This is particularly notable as other brands in the category have not managed to break into the top ranks consistently, indicating that Kin Slips is successfully capturing and retaining a substantial share of the market. This trend highlights the brand's effective marketing strategies and product appeal, positioning it as a leader in the Ontario market.
Notable Products
In October 2024, the top-performing product for Kin Slips was Cloud Buster Sublingual Strip 10-Pack (100mg), maintaining its number one rank since July 2024, with sales reaching 1556 units. Float On Balance & Tranquility Sublingual Strip 10-Pack (100mg) held steady at the second position across all months, showing a consistent increase in sales to 1321 units. The CBD/THC 10:1 Park Life Comfort & Relief Sublingual Strips 10-Pack (100mg CBD, 10mg THC) remained in third place, experiencing a notable sales increase from 100 to 160 units from September to October. Shut Eye Sleep & Serenity Sublingual Strip (5mg CBD, 5mg CBN) also maintained its fourth-place rank, with sales doubling from September to October. The CBD/CBN/THC 1:1:1 Shut Eye Sublingual Strip 10-Pack (50mg CBD, 50mg CBN, 50mg THC) dropped to fifth place in October after being ranked third in August, reflecting a significant decline in sales.
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.
