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Jun-2024
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Overview
Market Insights Snapshot
Homestead Cannabis Supply has shown variable performance across different states and categories in recent months. In Alberta, the brand has seen a steady climb in the Flower category, moving from a rank of 57 in March 2024 to 42 by June 2024. This upward trend is indicative of a growing market presence, despite a slight dip in sales from April to June. On the other hand, in British Columbia, the brand's performance in the Flower category has been more volatile. While it ranked 18th in March, it dropped to 26th in May before recovering to 22nd in June. This fluctuation suggests a competitive market where Homestead Cannabis Supply is striving to maintain its position.
The performance in the Pre-Roll category in British Columbia has been less encouraging. The brand did not make it into the top 30 rankings from March through June, indicating a struggle to gain traction in this category. In Ontario, the brand's presence in the Flower category is also noteworthy. Although it did not rank in April and May, it reappeared at rank 83 in June, suggesting a potential resurgence. This mixed performance across different states and categories highlights both the challenges and opportunities for Homestead Cannabis Supply as it navigates a competitive landscape.
Competitive Landscape
In the highly competitive Flower category in British Columbia, Homestead Cannabis Supply has experienced notable fluctuations in its market rank and sales over recent months. Despite a strong start in March 2024 with a rank of 18, Homestead Cannabis Supply saw a dip to 26 in May before recovering slightly to 22 in June. This volatility contrasts with competitors like Weed Me, which consistently stayed within the top 20 until May, and BC Smalls, which showed a steady improvement, peaking at rank 20 in June. Additionally, Simply Bare and 3Saints have also shown less volatility, maintaining relatively stable ranks. These trends suggest that while Homestead Cannabis Supply has potential for strong sales, it faces significant competition and must strategize effectively to maintain and improve its market position.
Notable Products
In June 2024, the top-performing product from Homestead Cannabis Supply was Bang Tail Milled (7g), maintaining its position from the previous month with sales of 1391 units. Bandwagon Indica (7g) climbed to the second spot, showing a notable increase in sales from 1026 units in May to 1354 units in June. Bandwagon Hybrid (7g), which held the first position in May, slipped to third place with 1311 units sold. Bandwagon Sativa (7g) re-entered the rankings at fourth place with 852 units sold, after being unranked in May. Finally, Bandwagon Hybrid (28g) remained steady in fifth place, with a slight increase in sales to 836 units.
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