Oct-2024
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Overview
Market Insights Snapshot
Stewart Farms has shown a strong performance in the Topical category across several Canadian provinces, with notable movements in their rankings. In Alberta, the brand moved from 4th place in July 2024 to securing the 2nd spot by October 2024, indicating a steady climb in popularity and market share. This upward trend is mirrored in Ontario, where Stewart Farms maintained a consistent 3rd place ranking until September 2024, before advancing to 2nd place in October. Such movements suggest that Stewart Farms is solidifying its position as a leading player in the Topical category within these regions.
In British Columbia, Stewart Farms maintained a stable 3rd place ranking from July to October 2024, which may indicate a strong but steady presence in the market. While the brand did not break into the top two positions in British Columbia, its consistent ranking suggests a loyal customer base and reliable sales performance. However, the absence of Stewart Farms from the top 30 in any other categories or provinces could be seen as a missed opportunity for expansion or diversification. The brand's focus on maintaining and improving its standing in the Topical category appears to be paying off, with sales figures reflecting a positive trajectory overall.
Competitive Landscape
In the Alberta topical cannabis market, Stewart Farms has demonstrated a significant upward trajectory in both rank and sales over the past few months. Starting from a rank of 4th in July 2024, Stewart Farms climbed to the 2nd position by September and maintained this rank through October. This impressive rise is indicative of a robust growth strategy and increasing consumer preference. Notably, Stewart Farms surpassed Solei, which dropped from 2nd to 4th place, and Proofly, which fluctuated between 2nd and 3rd positions. Despite the strong competition from Wildflower Canada, which consistently held the top spot, Stewart Farms' sales figures have shown a remarkable upward trend, suggesting a growing market share and potential for further advancement in the rankings.
Notable Products
In October 2024, the top-performing product from Stewart Farms was the CBD/THC 1:1 Blue Dream Bath Bomb, maintaining its leading position with a notable sales figure of 2227 units. The CBD:THC 1:1 Multipack Bath Bomb 3-Pack also held steady in second place, reflecting consistent popularity throughout recent months. The Rebound - CBD:THC 1:1 Arctic Heat Muscle Cream remained in third place, showing a steady increase in sales since July. Meanwhile, the Rebound - CBD SeaWeed OG Bath Salts climbed back to fourth place after slipping to fifth in September. The CBD:THC 1:1 Multi Pack Bath Bomb 3-Pack rounded out the top five, maintaining its position from September.
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.