Canna Hemp

Data Snapshot: Jun 11, 2024
Canna Hemp Cannabis Brand Logo
<$50K

May-2024

Sales

Decline

Trend

6-Month

46

Product Count

SKUs

Canna Hemp

Overview

Canna Hemp is a CBD brand built on the ethos of natural healing, with a diverse portfolio ranging from tinctures and topicals to gummies and vape pens. Harnessing the power of beneficial cannabinoids, the company is rooted in the commitment to crafting superior, safe products, though it is worth noting that the FDA has not verified these assertions. The brand's wider mission is mirrored in its expansive digital community, with over 300 followers on LinkedIn, and continuously expanding customer base.
Markets

Canna Hemp Locations

Product Trends

Canna Hemp Categories

Canna Hemp Sales

Market Insights Snapshot

Canna Hemp Historical Sales by Category

Canna Hemp has shown varying performance across different categories and states. In Nevada, the brand has maintained a strong presence in the Tincture & Sublingual category, holding steady at the 4th position in both February and March 2024, before dropping slightly to 5th in April and falling out of the top 30 by May. This indicates a downward trend that may need addressing. Conversely, in the Topical category, Canna Hemp made a notable entry at 8th position in May 2024 after not being ranked in the top 30 in the previous months, suggesting a positive movement and growing market acceptance in this category.

However, Canna Hemp's performance in the Vapor Pens category in Nevada has been less impressive. The brand was ranked 55th in February 2024 and improved slightly to 52nd in March, but failed to make it into the top 30 in the subsequent months. This indicates a struggle to gain a significant foothold in the highly competitive vapor pen market. Overall, while Canna Hemp has maintained strong positions in some categories, there are clear areas for improvement, particularly in the Vapor Pens category where their presence has been minimal.

May-2024 Rank
Tincture & Sublingual
Topical
Vapor Pens
Canna Hemp

Competitive Landscape

In the Nevada Tincture & Sublingual category, Canna Hemp has experienced notable fluctuations in its market ranking and sales performance over recent months. Despite maintaining a steady 4th place rank in February and March 2024, Canna Hemp saw a slight drop to 5th place in April 2024. This shift is particularly significant when compared to competitors such as City Trees, which improved its rank from 6th in February to 4th in March and April, and Spiked Flamingo, which consistently held the 3rd position throughout the period. The sales figures for Canna Hemp also reflect this trend, with a noticeable decline from 33,342 units in February to 19,327 units in April. This contrasts with the upward sales trajectory of City Trees, which saw a significant increase from 13,573 units in February to 26,217 units in March before stabilizing. The competitive landscape suggests that while Canna Hemp remains a strong player, it faces increasing pressure from brands like City Trees and Spiked Flamingo, which are gaining market share and improving their rankings.

Canna Hemp market ranking for NV Tincture & Sublingual

Canna Hemp

Notable Products

In May 2024, the top-performing product for Canna Hemp was the CBD:CBG 2:1 Recovery Cream (2000mg CBD, 1000mg CBG, 3oz) in the Topical category, which secured the first rank. Following closely in the second position was the CBD Sleep Distillate Disposable (0.5g) from the Vapor Pens category, which saw a decline from its consistent first-place ranking in March and April 2024. The CBD Euphoria Distillate Cartridge (0.2g), also in the Vapor Pens category, climbed to the third rank. The CBD Body Lotion Kind Cucumber (100mg CBD, 240ml), another Topical product, held the fourth position. Notably, the CBD Sleep Distillate Disposable recorded sales of 69 units in May, highlighting a decrease from previous months.

Product Rank
Category
Feb-2024
Mar-2024
Apr-2024
May-2024
CBD:CBG 2:1 Recovery Cream (2000mg CBD, 1000mg CBG, 3oz)
Topical
>5
>5
>5
1
CBD Sleep Distillate Disposable (0.5g)
Vapor Pens
5
1
1
2
CBD Euphoria Distillate Cartridge (0.2g)
Vapor Pens
>5
>5
>5
3
CBD Body Lotion Kind Cucumber (100mg CBD, 240ml)
Topical
>5
>5
>5
4
X - CBD Endurance Tincture (2000mg CBD)
Tincture & Sublingual
>5
>5
>5
4
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