Oct-2024
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Overview
Market Insights Snapshot
Tweed's performance across various categories and provinces showcases a mix of stability and volatility. In Alberta, the brand has shown a consistent presence in the Capsules category, maintaining a third or fourth position over recent months, suggesting a strong market foothold. Their performance in the Flower category has been particularly noteworthy, with a significant climb from the 29th position in August 2024 to the 13th by October 2024, indicating a growing consumer preference. However, in the Pre-Roll category, Tweed experienced fluctuations, dropping to the 16th position in September before recovering slightly to the 15th in October. Meanwhile, in British Columbia, the brand faced challenges, especially in the Pre-Roll category, slipping from 21st in July to 52nd by October, which may suggest a need for strategic reassessment in this market.
In Ontario, Tweed's performance in the Beverage category emerged in August at the 14th position and slightly improved to 13th in September, indicating a positive reception, although it did not appear in the rankings in July or October. The Capsules category in Ontario remained robust, consistently holding a top-three position, which underscores its strong brand recognition and consumer loyalty in this segment. However, the Pre-Roll category saw a decline from 24th in July to 44th by October, pointing to potential competitive pressures or shifts in consumer preferences. In Saskatchewan, Tweed maintained its leadership in the Capsules category, consistently ranking first, which highlights its dominance in this market. Yet, the Flower category experienced volatility, dropping to 19th in October after reaching as high as 8th in September, suggesting fluctuating demand or competitive dynamics at play.
Competitive Landscape
In the Ontario flower market, Tweed has maintained a consistent rank of 16th from July to October 2024, indicating a stable position amidst fluctuating competition. Notably, Versus consistently outperformed Tweed, holding the 14th rank from August to October, despite a downward sales trend. Meanwhile, Holy Mountain showed a stronger performance, climbing to 15th place by October with sales surpassing Tweed's, suggesting a competitive edge in consumer preference. Tribal and LowKey have been dynamic, with Tribal improving its rank from 21st in July to 17th in October, closely trailing Tweed, while LowKey's ascent from 32nd to 18th highlights a significant upward trajectory, potentially challenging Tweed's market share. These shifts underscore the competitive pressures Tweed faces in maintaining its market position, emphasizing the need for strategic initiatives to bolster its rank and sales in this vibrant market.
Notable Products
In October 2024, the top-performing product for Tweed was Quickies - Kush Mints Pre-Roll 10-Pack (3.5g), maintaining its number one rank from September with sales of 11,005 units. Quickies - Chemsicle Pre-Roll 10-Pack (3.5g) held steady at the second position, showing consistent performance over the past months. CBD/THC 1:1 Penelope Softgels 30-Pack (150mg CBD, 150mg THC) climbed to third place from fourth in September, indicating a positive trend in its sales trajectory. Quickies - Tiger Cake Pre-Roll 10-Pack (3.5g) reappeared in the rankings at fourth place, suggesting renewed interest. Lastly, the Strawberry Lemonade Sparkling Beverage (7.5mg THC, 355ml) dropped from third to fifth place, reflecting a slight decrease in demand.
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.