Aug-2024
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Overview
Market Insights Snapshot
Highly Dutch has shown a mixed performance across various categories and provinces over the past few months. In Alberta, the brand's ranking in the Concentrates category was notably absent from the top 30 brands in May, July, and August 2024, only making an appearance at rank 22 in June. This inconsistency might be a concern for stakeholders. However, in the Flower category, Highly Dutch maintained a more stable presence, fluctuating between ranks 19 and 26 from May to August. This suggests a relatively steady consumer interest in their Flower products in Alberta, despite a slight dip in sales during June and July. The Pre-Roll category, on the other hand, saw a significant decline, with rankings dropping from 57 in June to 79 in August, indicating potential challenges in maintaining market share in this segment.
In contrast, Highly Dutch's performance in Ontario has been more consistent, especially in the Flower category. The brand remained within the top 34 ranks from May to August, even improving slightly to rank 31 in August. This stability is reflected in their sales, which saw a steady increase, peaking at over 390,000 in August. However, the situation in British Columbia presents a different story, where the brand's ranking in the Flower category dropped significantly from 19 in May to 65 by August, coupled with a sharp decline in sales. This downward trend in British Columbia could indicate a need for strategic adjustments to regain market traction. Meanwhile, in Saskatchewan, Highly Dutch was unable to maintain a top 30 position in August, showing a decline from rank 33 in May to being unranked by the end of the period, further emphasizing the variability in the brand's market performance across different regions.
Competitive Landscape
In the competitive landscape of the Flower category in Ontario, Highly Dutch has experienced fluctuating ranks over the past few months, indicating a dynamic market presence. Despite a slight dip in June 2024, Highly Dutch managed to climb back to the 31st rank by August 2024, showcasing resilience and potential for growth. Comparatively, Canaca and San Rafael '71 have shown more stable performance, consistently ranking higher than Highly Dutch. Notably, Wagners has maintained a strong position, staying within the top 30 brands, which could be a significant competitor. On the other hand, Soar has seen a decline, dropping to the 34th rank by August 2024, which might present an opportunity for Highly Dutch to capture some of its market share. These insights suggest that while Highly Dutch is holding its ground, there is a need for strategic initiatives to improve its rank and sales in a competitive market.
Notable Products
In August 2024, the top-performing product for Highly Dutch was Amsterdam Sativa (28g) in the Flower category, maintaining its number one ranking for three consecutive months with sales of 2643 units. Amsterdam Sativa (7g) followed closely in the second position, consistent with its ranking from the previous two months. Rotterdam Indica (7g) climbed back to the third rank after slipping to fourth in July 2024. Rotterdam Indica (28g) held steady at the fourth position, similar to its ranking in previous months. Lastly, Amsterdam Sativa Pre-Roll 14-Pack (7g) remained in the fifth spot, showing a notable decline in sales compared to earlier months.
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.