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Mar-2025
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Overview
Market Insights Snapshot
Hycycle's performance in the Vapor Pens category across Canadian provinces shows interesting movements. In British Columbia, Hycycle has made a notable improvement, breaking into the top 30 by March 2025, with a rank of 29. This is a positive development from their position outside the top 30 in December 2024. The sales figures support this upward trend, as there was a visible increase from January to March 2025. On the other hand, in Ontario, Hycycle's rank fluctuated, peaking at 51 in February 2025 before dropping to 59 by March. This suggests that while Hycycle is gaining traction in British Columbia, they are facing more challenges maintaining a steady position in Ontario.
The fluctuations in Ontario highlight the competitive nature of the Vapor Pens category in this province. Despite the drop in rank by March 2025, Hycycle's sales figures in Ontario were relatively stable from December 2024 to February 2025, with a noticeable decline in March. This could indicate seasonal factors or increased competition impacting their market share. The contrasting trends between British Columbia and Ontario suggest that Hycycle might need to adapt different strategies to cater to the unique market dynamics of each province. Understanding these differences could be crucial for Hycycle's continued growth and market penetration across Canada.
Competitive Landscape
In the competitive landscape of vapor pens in British Columbia, Hycycle has shown a promising upward trend in rankings from December 2024 to March 2025, moving from 32nd to 29th position. This improvement is noteworthy, especially when compared to competitors like Woody Nelson, which has seen a decline from 24th to 31st place during the same period. Similarly, Tasty's (CAN) and Slerp have also experienced fluctuations, with Tasty's (CAN) dropping from 23rd to 27th and Slerp maintaining a relatively stable position around the 28th and 29th ranks. Despite not being in the top 20, Hycycle's sales have shown resilience and growth, particularly in March 2025, where they surpassed their December 2024 figures, contrasting with the declining sales of some competitors. This indicates a positive trajectory for Hycycle, suggesting potential for further market penetration and increased consumer preference in the coming months.
Notable Products
In March 2025, Hycycle's top-performing product was the Raw Distillate Cartridge (1g) in the Vapor Pens category, maintaining its number one rank from January and reclaiming it from February. The Raw High THC Distillate Cartridge (1g) dropped to second place after leading in February, with sales reaching 762 units. The Northern Lights Live Resin Cartridge (1.1g) showed significant improvement, climbing to the third position from fifth in February. The Northern Lights Live Resin Cartridge (1g) remained steady at fourth place, while the Kobra Lips Distillate Cartridge (1g) re-entered the rankings at fifth, after being absent in February. Overall, the rankings indicate a competitive landscape with slight shifts in product performance over the 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.
