Oct-2024
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Overview
Market Insights Snapshot
XMG has demonstrated a strong performance in the Beverage category across multiple Canadian provinces, consistently holding top positions. In Alberta, XMG maintained its number one rank from July to October 2024, indicating a stable and dominant presence in the market. Similarly, in Ontario, XMG held the top spot throughout the same period, showcasing its popularity and market penetration. However, in British Columbia, there was a notable shift as XMG dropped from first to second place by October, suggesting increased competition or changing consumer preferences. Meanwhile, in Saskatchewan, XMG consistently ranked first, albeit with fluctuating sales figures, indicating a need to monitor market dynamics closely.
The sales trends of XMG reveal interesting insights into its market performance. While XMG's sales in Alberta showed a steady increase from July to August, they experienced a dip in September before rebounding in October. This pattern suggests a potential seasonal or market-driven fluctuation that could be explored further. In contrast, British Columbia witnessed a significant decline in sales from August to October, which might have contributed to the drop in ranking. This decline could be attributed to various factors, including increased competition or shifts in consumer preferences. The absence of XMG from the top 30 rankings in any given month in a province would be a significant concern, but this was not the case here, emphasizing XMG's strong foothold in these regions. Understanding these movements and their underlying causes could provide valuable insights for stakeholders looking to capitalize on XMG's market presence.
Competitive Landscape
In the competitive landscape of the Beverage category in Ontario, XMG has consistently maintained its top position from July to October 2024, indicating a strong brand presence and consumer loyalty. Despite fluctuations in sales, with a peak in August followed by a decline in September and October, XMG's rank remained unaffected, showcasing its dominance over competitors. Versus, while consistently holding the second position, has not been able to close the gap with XMG, despite a relatively stable sales performance. Meanwhile, Collective Project experienced a dip in rank in August but recovered to its third-place position by September, indicating some volatility in its market standing. These dynamics highlight XMG's robust market leadership and suggest that even amidst sales fluctuations, its brand strength in Ontario's Beverage category remains unparalleled.
Notable Products
In October 2024, the top-performing product for XMG was Cream Soda (10mg THC, 355ml) in the Beverage category, maintaining its number one rank consecutively since July, with sales reaching 35,483 units. Plus - CBG/THC 1:1 Tropical Cream Float Sparkling Drink held steady in the second position, though its sales figures have seen a decline over the months. Plus - THC/CBG 1:1 Paradise Treat Sparkling Beverage remained in third place, with a slight increase in sales compared to September. Zero - Orange Soda (10mg THC, 355ml) improved its ranking to fourth place in October, up from fifth in previous months. Plus - CBG:THC 1:1 Grape Ape Soda dropped to the fifth position, continuing its consistent rank from July through 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.