Canna Squarz

Data Snapshot: May 05, 2024
Canna Squarz Cannabis Brand Logo
<$50K

Apr-2024

Sales

Decline

Trend

6-Month

10

Product Count

SKUs

Canna Squarz

Overview

Canna Squarz is a renowned cannabis brand that transforms traditional desserts into unique, cannabis-infused edibles. The company prides itself on using a proprietary cannabis extract tailored specifically for edibles and strives to deliver a fast-acting experience for users. The brand offers a gamut of flavours, most notably including their best-selling chocolate, along with innovative takes on summertime favourites like root beer float and orange dreamsicle.
Markets

Canna Squarz Locations

Product Trends

Canna Squarz Categories

Canna Squarz Sales

Market Insights Snapshot

Canna Squarz Historical Sales by Category

In the Alberta market, Canna Squarz has shown a notable presence within the edibles category, demonstrating a fluctuating yet noteworthy performance over the first four months of 2024. Starting the year at rank 20 in January, the brand experienced a slight improvement, climbing to rank 18 by March, before experiencing a minor setback to rank 21 in April. This trajectory highlights a competitive stance in the Alberta edibles market, with sales peaking in March at 22,004 units before experiencing a decline in April. The movement in rankings, particularly the drop outside the top 20 in April after showing improvement in the preceding months, suggests a volatile market position that could indicate challenges in maintaining market share amidst stiff competition or possibly a shift in consumer preferences within the province.

While specific sales figures for each month are not disclosed in detail, the initial sales figure of 19,966 units in January, followed by a peak in March, suggests a period of growth for Canna Squarz in the early part of the year. However, the decline in rank and sales in April could be a point of concern for the brand's performance in Alberta's edible category. The absence from the top 30 in other states or provinces indicates that Canna Squarz's market presence is primarily concentrated in Alberta, which could either be viewed as a focused strategy or a limitation in market reach. This performance insight, coupled with the sales data provided, offers a glimpse into the brand's operations and market dynamics in Alberta, without revealing the full scope of its market performance across different regions or product categories.

Apr-2024 Rank
Edible
21
Canna Squarz

Competitive Landscape

In the competitive landscape of the edible category in Alberta, Canna Squarz has shown a fluctuating performance in terms of rank and sales over the recent months. Initially ranked 20th in January 2024, it improved to 19th in February and further to 18th in March, before experiencing a decline to 21st in April. This trajectory indicates a volatile market position, with sales peaking in March before dropping in April. Notable competitors include Even Cannabis Company, which consistently hovered around the 20th rank, showing a slightly more stable performance but lower sales compared to Canna Squarz's peak. A-HA! made a significant leap in April, securing the 19th rank with a substantial increase in sales, suggesting a growing preference among consumers. Olli and Rilaxe remained outside the top 20 for most of the observed period, with Rilaxe only entering the rankings in April at 25th. This competitive analysis underscores the importance of maintaining consistent quality and marketing efforts to sustain and improve market rank and sales for Canna Squarz amidst a dynamic competitive environment.

Canna Squarz market ranking for AB Edible

Canna Squarz

Notable Products

In April 2024, Canna Squarz saw its Mini Doughnuts Full Spectrum White Chocolate (10mg) maintain its position as the top-selling product, with sales reaching 2129 units. The Orange Dreamsicle Full Spectrum White Chocolate Bite (10mg) continued to hold the second spot, showcasing consistent consumer preference within the Edible category. Notably, the Key Lime Pie Full Spectrum White Chocolate (10mg) rose in the rankings, moving up to third place, indicating a shift in consumer tastes. The Peanut Butter Full Spectrum Chocolate (10mg) also climbed the ranks to become the fourth best-selling product, further emphasizing the popularity of chocolate-based edibles. Meanwhile, the Rootbeer Float Full Spectrum Chocolate (10mg) experienced a decline, dropping to fifth place, which might suggest a changing market dynamic or seasonal preferences among the consumers.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Mini Doughnuts Full Spectrum White Chocolate (10mg)
Edible
1
1
1
1
Orange Dreamsicle Full Spectrum White Chocolate Bite (10mg)
Edible
2
2
2
2
Key Lime Pie Full Spectrum White Chocolate (10mg)
Edible
4
4
4
3
Peanut Butter Full Spectrum Chocolate (10mg)
Edible
5
5
5
4
Rootbeer Float Full Spectrum Chocolate (10mg)
Edible
3
3
3
5
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