.svg){kind=small}
Aug-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Summit (Canada) has shown varied performance across different categories and provinces. In Alberta, the brand maintained a steady presence in the Beverage category, though it experienced a slight decline in rankings from 15th in May 2024 to 17th by August 2024. This downward trend is also reflected in the sales figures, which decreased from 27,571 CAD in May to 14,670 CAD in August. In contrast, British Columbia witnessed a strong performance in the Beverage category, where Summit climbed from the 10th position in May to 6th in both July and August, accompanied by a significant increase in sales, peaking at 79,509 CAD in July.
In the United States, Summit's performance has been mixed. In Colorado, the brand did not make it into the top 30 in the Concentrates and Vapor Pens categories by August 2024, indicating a potential area for improvement. However, the Flower category in Colorado saw a more stable performance, with Summit ranking between 49th and 56th from May to August. Notably, Ontario showed a positive trajectory in the Beverage category, where Summit improved its ranking from 25th in May to 20th in August, with sales remaining robust throughout the period. This suggests that while Summit faces challenges in certain markets, it also has areas of strong performance that could be further leveraged.
Competitive Landscape
In the highly competitive beverage category in British Columbia, Summit (Canada) has shown a notable upward trend in its rankings and sales over the past few months. Starting from the 10th position in May 2024, Summit (Canada) climbed to the 6th position by July and maintained this rank through August 2024. This upward movement indicates a significant improvement in market presence and consumer preference. In contrast, competitors like Mollo and Sweet Justice have consistently held higher ranks, with Mollo maintaining the 4th position and Sweet Justice oscillating between the 2nd and 3rd positions. However, Green Monke and TeaPot have shown less stability, with Green Monke dropping to the 8th position in August and TeaPot fluctuating between the 7th and 9th positions. Summit (Canada)'s steady climb and ability to maintain its rank amidst strong competition suggest a growing consumer base and effective market strategies, positioning it as a rising contender in the British Columbia beverage market.
Notable Products
In August 2024, the top-performing product for Summit (Canada) was Iced Tea Lemonade (10mg THC, 355ml) in the Beverage category, maintaining its first-place ranking with sales of $8418. Rocket Berry Carbonated Drink (10mg THC, 355ml) also held steady in second place in the Beverage category. Peach Iced Tea (10mg THC, 355ml) retained its third-place ranking from July in the Beverage category. Crank Yanker (Bulk) in the Flower category re-entered the rankings in fourth place after being unranked for two months, showing a notable increase in sales. Guava Melts (Bulk) in the Flower category dropped one spot to fifth place compared to the previous month.
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.
