Mar-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
In the competitive cannabis market across Canada, Broken Coast has shown a mixed performance across different categories and provinces. In Alberta, the brand has maintained a strong presence in the Flower and Pre-Roll categories, with rankings improving from December 2023 to March 2024, notably moving from 18th to 14th in Flower and 31st to 21st in Pre-Rolls. This upward trend suggests a growing consumer preference for Broken Coast's offerings in these segments. However, the Concentrates category tells a different story, with rankings slipping from 40th in December 2023 to 51st in March 2024, indicating challenges in capturing a significant market share amidst stiff competition. Despite this, the sales figures in the Flower and Pre-Roll categories, particularly the increase from 358,566 in February 2024 to 402,601 in March 2024 for Flower, highlight the brand's strong market position and consumer loyalty in these segments.
Meanwhile, in Ontario, Broken Coast's performance in the Flower category has seen a remarkable improvement, jumping from a ranking of 60th in December 2023 to 42nd in March 2024, accompanied by a significant increase in sales from 133,422 in February to 338,323 in March. This dramatic rise indicates a successful strategy or product launch that has resonated well with consumers in Ontario's competitive market. On the other hand, the brand's rankings in the Concentrates category have remained outside the top 30, reflecting a struggle to gain traction in this segment. The Pre-Roll category has shown consistent performance, maintaining a position in the mid-50s, which, while not leading, suggests a stable consumer base. These mixed results across categories and provinces underscore the complexities of the cannabis market, where brand performance can vary significantly by region and product type.
Competitive Landscape
In the competitive Alberta flower market, Broken Coast has shown resilience and a positive trajectory in rankings from December 2023 to March 2024, moving from 18th to 14th place. This improvement comes despite fluctuating sales, hinting at a complex competitive landscape. Notably, Muskoka Grown has consistently outperformed Broken Coast in both rank and sales, maintaining a position just above Broken Coast throughout the observed period. Shred, another competitor, has seen a decline, moving from 12th to 15th, allowing Broken Coast to surpass it by March 2024. Interestingly, MTL Cannabis made a significant leap into the rankings in March, directly to 16th place, showcasing the volatile nature of the market. Pure Laine remains a strong competitor, consistently ranking higher than Broken Coast and showing robust sales figures. This competitive analysis underscores the dynamic shifts within the Alberta flower market, highlighting the importance of monitoring both rank and sales trends for strategic positioning.
Notable Products
In March 2024, Broken Coast saw Ruxton Pre-Roll (0.5g) taking the top spot in sales with 9072 units sold, moving up from its consistent second place in the previous months. Amnesia Haze Pre-Roll 3-Pack (1.5g), which had held the leading position from December 2023 to February 2024, dropped to second place. The Holy Grail Kush Pre-Roll 3-Pack (1.5g) maintained its third position, showing steady consumer preference over time. Notably, Emergen Z Pre-Roll 5-Pack (2.5g) and EmergenZ (7g) entered the rankings for the first time in March, securing the fourth and fifth positions, respectively. These changes indicate a dynamic market with shifting consumer preferences, highlighting the competitive nature of cannabis product sales.