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Oct-2024
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Overview
Market Insights Snapshot
Spot has shown a consistent presence in the Ontario edible market, maintaining a position within the top 30 brands over the past few months. In October 2024, Spot improved its ranking to 26th, up from 29th in September. This upward movement indicates a positive trend in consumer preference or market penetration. Despite the fluctuations in monthly sales figures, Spot's ability to remain within the top 30 suggests a stable foothold in the Ontario edible category, which is a competitive segment.
Analyzing Spot's performance across different states and categories, it is noteworthy that the brand did not appear in the top 30 rankings for other regions or product categories during the observed period. This absence might suggest either a strategic focus on the Ontario edible market or challenges in expanding their footprint elsewhere. The brand's concentrated effort in Ontario could be a deliberate strategy to strengthen its position before exploring other markets, or it could highlight areas where Spot might need to enhance its competitive edge. Further insights into their market strategies and product offerings could provide a deeper understanding of their overall performance.
Competitive Landscape
In the Ontario edible market, Spot has shown a fluctuating yet promising trend in its rankings over the past few months. Starting from a rank of 29 in July 2024, Spot improved to 27 in August, dipped back to 29 in September, and climbed to 26 in October. This upward trajectory in October suggests a positive momentum that could be capitalized on for future growth. In comparison, Edison Cannabis Co has experienced a significant decline, dropping from rank 8 in July to 28 in October, indicating a potential opportunity for Spot to capture market share from a once-dominant player. Meanwhile, Indiva has maintained a relatively stable presence, slightly improving from rank 26 in July to 24 in October, which suggests steady competition. Collective Project has remained consistent around the 27th rank, while A-HA! has seen a decline from 15th to 25th over the same period. Spot's ability to improve its rank amidst these shifts highlights its potential to strengthen its position in the competitive landscape of Ontario's edibles market.
Notable Products
In October 2024, the top-performing product from Spot was the CBG:THC 4:1 Gooseberry Soft Chews 2-Pack, which maintained its first-place ranking for the fourth consecutive month with sales reaching 3816 units. The Raspberry Soft Chews 2-Pack held steady in second place, showing a notable increase in sales from previous months. The Adventure Blend - CBD/THC 3:10 Sativa Milk Chocolate Bar moved up to third place from its debut in fourth place in September. Meanwhile, the Adventure Blend - CBD/THC 3:10 Sativa Dark Chocolate Bar, which was previously ranked third, did not appear in the top rankings for October. The Levity Blend - CBD/THC 10:3 Hybrid Dark Chocolate Bar, which had been ranked in previous months, also did not make the top list for October.
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.
