Palmetto

Data Snapshot: May 04, 2024
Palmetto Cannabis Brand Logo
$1M+

Apr-2024

Sales

Growth

Trend

6-Month

79

Product Count

SKUs

Palmetto

Overview

Product Trends

Palmetto Categories

Palmetto Sales

Market Insights Snapshot

Palmetto Historical Sales by Category

In the competitive cannabis market, Palmetto has shown varied performance across categories and provinces, with notable movements that hint at both strengths and areas for improvement. In Alberta, Palmetto's Flower category experienced a significant upward trajectory, moving from a rank of 45 in January 2024 to 25 in March, before slightly dipping to 31 in April; this suggests a growing consumer preference for their Flower products, despite a slight setback in the latest month. However, the Vapor Pens category in Alberta saw a complete absence in rankings after January, indicating a potential withdrawal from this market segment or a drastic drop in sales. Meanwhile, in British Columbia, Palmetto made a remarkable leap in the Flower category, peaking at rank 9 in March from an initial 23 in January, showcasing a significant surge in popularity or distribution efforts, although it couldn't maintain its top 10 position in April.

Contrasting these successes, Palmetto's presence in Ontario and Saskatchewan tells a story of challenges and fluctuating market positions. In Ontario, the brand struggled to make a significant impact in the Flower category, with its ranking slipping from 51 in January to 59 in April, reflecting either competitive pressures or inconsistencies in product appeal among Ontario consumers. The Vapor Pens segment in Ontario also did not fare well, with the brand barely making it into the top 60 in the later months. Saskatchewan showed a mixed bag, with the Flower category experiencing a downward trend, while the Vapor Pens category had a strong start in January but failed to maintain its ranking, lacking data for April. These insights into Palmetto's performance across different states and categories highlight the brand's dynamic market presence, with regional preferences and product category performance offering both opportunities and challenges for the brand's growth strategy.

Apr-2024 Rank
Flower
Pre-Roll
Vapor Pens
31
46
18
25
59
62
39
Palmetto

Competitive Landscape

In the competitive landscape of the cannabis flower category in British Columbia, Palmetto has shown a notable fluctuation in its market position, initially not ranking in the top 20 in January 2024, then making a significant leap to 9th place in March before slightly dropping to 18th in April. This volatility in ranking is indicative of a dynamic market presence, with a remarkable sales peak in March. Competitors such as Weed Me and Homestead Cannabis Supply have shown more stability in their rankings, with Weed Me consistently staying within the top 20 and Homestead Cannabis Supply making a significant jump to the top 20 by March. Jonny Chronic and Highly Dutch also display interesting trends, with Jonny Chronic achieving higher ranks and sales by April, suggesting a growing preference among consumers. Palmetto's fluctuating performance, especially its March peak, suggests a potential for growth and a need to stabilize its market position to consistently compete with these brands.

Palmetto market ranking for BC Flower

Palmetto

Notable Products

In April 2024, Palmetto's top-selling product was the Orange Vanilla Cream Soda (10mg THC, 355ml) within the Beverage category, marking a significant rise to the top position with 6504 sales. Following closely was the Blue Cheese (3.5g) from the Flower category, which, after consistently holding the number one spot from January to March, dropped to second place. The Blue Cheese PALS Pre-Roll 10-Pack (4g) in the Pre-Roll category made an impressive leap to the third rank, despite not being ranked in February. The Strawberry Cough Pre-Roll 10-Pack (4g) also in the Pre-Roll category, secured the fourth position, maintaining a strong presence in the rankings from previous months. The Strawberry Cough (3.5g) from the Flower category, experienced a slight dip, moving from second to fifth place, showcasing the competitive nature of Palmetto's product lineup.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
Orange Vanilla Cream Soda (10mg THC, 355ml)
Beverage
2
3
4
1
Blue Cheese (3.5g)
Flower
1
1
1
2
Blue Cheese PALS Pre-Roll 10-Pack (4g)
Pre-Roll
>5
4
>5
3
Strawberry Cough Pre-Roll 10-Pack (4g)
Pre-Roll
>5
5
3
4
Strawberry Cough (3.5g)
Flower
3
2
2
5
View product & sales data

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