Nov-2024
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Overview
Market Insights Snapshot
Sense & Purpose Beverages has demonstrated consistent performance in the Alberta market within the beverage category, maintaining a steady rank of 7th place from August to November 2024. This stability suggests a strong foothold in the region, although there was a noticeable decline in sales from August to September before a slight recovery in October. Such consistency in ranking amidst fluctuating sales volumes indicates that while they might be facing competitive pressures, their brand loyalty or market presence remains robust. In contrast, their performance in the Ontario market paints a different picture. The brand hovered around the lower end of the top 30, with a rank of 28th in August, dropping slightly to 29th in September, and then returning to 28th in October before slipping to 30th in November. This suggests challenges in maintaining a competitive edge in Ontario's dynamic market.
In terms of category performance, Sense & Purpose Beverages has shown resilience in maintaining its top 10 position in Alberta's beverage category, which could be attributed to strong brand recognition or consumer preference in the province. However, their struggle to break into the top 20 in Ontario highlights potential areas for improvement, such as market penetration or product differentiation. The drop in sales in Ontario from October to November is particularly noteworthy, as it coincides with their rank falling to 30th, suggesting a correlation between sales performance and market positioning. While Alberta remains a stronghold, Ontario's fluctuating rankings indicate a need for strategic adjustments to improve their standing and capitalize on growth opportunities in the region.
Competitive Landscape
In the competitive landscape of the beverage category in Alberta, Sense & Purpose Beverages has maintained a consistent rank of 7th from August to November 2024. Despite this stability, the brand faces stiff competition from other brands such as Bubble Kush and Zele, which have consistently ranked higher, occupying the 6th and 5th positions respectively in recent months. Notably, Zele has shown a downward trend in sales, which could present an opportunity for Sense & Purpose Beverages to close the gap. Meanwhile, Deep Space and Summit (Canada) have been trailing behind, with ranks fluctuating between 8th and 10th. This competitive positioning suggests that while Sense & Purpose Beverages holds a solid position, strategic efforts could be directed towards capitalizing on the declining sales of higher-ranked competitors to improve its market standing.
Notable Products
In November 2024, Sense & Purpose Beverages' top-performing product was Relax- CBD/THC 1:1 Grapefruit Yuzu Sparkling Water & Juice, which maintained its number one rank from October, with sales amounting to 3008 units. The Recharge - CBD/THC 1:1 Orange, Pineapple & Passionfruit Sparkling Water and Juice held the second position, consistent with the previous month, although its sales saw a slight decline. Refocus - CBD/THC 10:1 Green Tea Lemonade Ginger Sparkling Beverage remained steady in the third position, mirroring its rank from the past three months. Notably, Relax- CBD/THC 1:1 Grapefruit Yuzu Sparkling Water & Juice experienced a climb to the top rank in October, overtaking Recharge, which led in August and September. This consistency in the rankings from October to November indicates a stable preference among consumers for these top products.
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.