.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Canna Squarz has shown a mixed performance across various categories and states in recent months. In Alberta, the brand has maintained a presence in the Edible category, ranking 21st in March 2024 and slipping slightly to 23rd in April 2024. This downward movement could indicate increased competition or a slight dip in consumer interest. However, the brand's sales figures in Alberta, which were $20,383 in March and $14,986 in April, suggest a need for strategic adjustments to regain momentum. The absence of rankings in May and June implies that Canna Squarz did not make it into the top 30 brands in Alberta's Edible category during those months, which could be a cause for concern.
It's important to note that Canna Squarz's performance in other states or categories is not detailed here, but the trend in Alberta provides a snapshot of the brand's current market challenges. The decline in both rankings and sales highlights the competitive nature of the cannabis market and the necessity for brands to continuously innovate and adapt. Observing how Canna Squarz navigates these challenges in the coming months will be crucial for understanding its long-term viability and market strategy. For more detailed insights, further analysis across additional states and categories would be beneficial.
Competitive Landscape
In the Alberta edibles market, Canna Squarz has experienced a notable shift in its competitive positioning over recent months. Starting at rank 21 in March 2024, Canna Squarz dropped to rank 23 in April 2024, indicating a slight decline in market performance. This shift is significant when considering the competitive landscape, where brands like Being and Vacay have not appeared in the top 20 rankings during this period, suggesting they are trailing behind Canna Squarz. Despite the drop in rank, Canna Squarz's sales figures remain relatively strong compared to these competitors, highlighting its resilience in a competitive market. This trend underscores the importance for Canna Squarz to strategize effectively to regain and potentially improve its market position amidst fluctuating ranks and sales dynamics in Alberta's edibles category.
Notable Products
In June 2024, the top-performing product from Canna Squarz was the Orange Dreamsicle Full Spectrum White Chocolate Bite (10mg), which climbed to the number one spot with sales of 1007 units. The Mini Doughnuts Full Spectrum White Chocolate (10mg), previously holding the top rank for three consecutive months, dropped to second place. Key Lime Pie Full Spectrum White Chocolate (10mg) rose to third place, showing a consistent upward trend from fifth place in May. Rootbeer Float Full Spectrum Chocolate (10mg) maintained a steady performance, securing the fourth rank. Peanut Butter Full Spectrum Chocolate (10mg) declined to fifth place, continuing its downward trend from earlier months.
Top Selling Cannabis Brands
