.svg){kind=small}
Nov-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Spring Hill Cannabis Co. has shown a consistent performance in the Capsules category within Ontario. For several months, the brand has maintained a steady presence, ranking 13th in September and October and slightly slipping to 14th in November. This stability in ranking, despite a slight dip, indicates a strong foothold in the Ontario market, suggesting a loyal customer base and effective product offerings. The sales figures reflect this consistency, with a noticeable peak in September, which could be attributed to strategic marketing efforts or seasonal demand fluctuations.
While Spring Hill Cannabis Co. has managed to hold its position within the top 15 in Ontario's Capsules category, it is important to note that the brand does not appear in the top 30 rankings for other states or provinces. This absence could either signal an opportunity for market expansion or highlight the need for increased brand presence and competition in other regions. The lack of ranking in additional markets underscores a potential area for growth, suggesting that Spring Hill Cannabis Co. might benefit from exploring new territories or enhancing its distribution strategies beyond Ontario.
Competitive Landscape
In the competitive landscape of the Ontario cannabis capsules market, Spring Hill Cannabis Co. has shown resilience and consistency in its rankings from August to November 2024, maintaining a steady presence around the 13th to 14th positions. This stability is noteworthy, especially when compared to competitors like Mood Ring, which experienced a significant drop from 11th to 15th place, and Nutra, which fell out of the top 20 by November. Meanwhile, Pennies demonstrated a positive trajectory, climbing from 14th to 12th place, suggesting a potential threat if this upward trend continues. Frank entered the rankings in October at 15th and improved to 13th by November, indicating a growing presence. Despite these shifts, Spring Hill Cannabis Co.'s sales remained relatively stable, highlighting its ability to maintain a loyal customer base amidst fluctuating market dynamics.
Notable Products
In November 2024, Spring Hill Cannabis Co. maintained its top-performing product, CBD Capsules 30-Pack (3000mg CBD), in the Capsules category, holding the number one rank consistently from August through November, despite a decrease in sales to 282 units. The High CBD Coconut, Grapefruit & Mint Relief Cream (1250mg CBD, 56ml) emerged as the second-ranked product in the Topical category for November, marking its debut in the rankings. Notably, the CBD Capsules have seen a steady decline in sales from August, while maintaining their top spot, indicating strong customer loyalty. The introduction of the Relief Cream suggests a successful expansion into the Topical category for Spring Hill Cannabis Co. The consistent performance of the CBD Capsules highlights their dominance in the market, while the Relief Cream's entry points to potential growth opportunities in other product lines.
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.
