.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
Seeker's performance in the Ontario market has shown mixed results across different categories over the past few months. In the Flower category, Seeker has struggled to maintain a top 30 ranking, with positions of 69 in March, 67 in April, 66 in May, and dropping significantly to 81 in June. This decline indicates a challenging competitive environment for Seeker's Flower products in Ontario. However, despite the drop in ranking, there was a notable increase in sales from April to May, suggesting some underlying demand that was not sustained into June. The drop in rankings can be seen as a negative indicator for the brand's market presence in this category.
Conversely, Seeker has demonstrated a more stable performance in the Oil category within Ontario. The brand maintained a consistent presence in the top 30, with rankings of 18 in March, 17 in April, 22 in May, and 20 in June. This stability suggests a stronger foothold in the Oil category compared to Flower. Although there was a dip in sales from March to May, the subsequent increase in June indicates a potential rebound. The ability to stay within the top 30 consistently in the Oil category is a positive sign for Seeker, highlighting its resilience and potential for growth in this segment.
Competitive Landscape
In the Ontario Flower category, Seeker has experienced notable fluctuations in its rank and sales over recent months. Seeker's rank improved from 69th in March 2024 to 66th in May 2024, before dropping to 81st in June 2024. This drop in rank coincides with a decrease in sales from 149,602 CAD in May to 96,441 CAD in June. In comparison, 7 Acres saw a consistent decline in both rank and sales, falling from 51st in April to 80th in June, with sales decreasing from 196,641 CAD to 96,683 CAD. Similarly, Daily Special and Bold also experienced declines in rank and sales, with Daily Special dropping from 77th in March to 86th in June and Bold fluctuating around the 80th mark. Notably, Homestead Cannabis Supply re-entered the top 100 in June after being absent in April and May, indicating a potential resurgence. These trends suggest that while Seeker has faced recent challenges, it remains competitive within a fluctuating market landscape.
Notable Products
In June 2024, the top-performing product for Seeker was the Sugar N' Spice Pre-Roll 10-Pack (3.5g), maintaining its number one rank from May, with sales of 802 units. The Terp N' Tine (28g) flower product climbed to the second position from third in May, indicating a steady demand. The Molten Lava Cake (3.5g) flower also showed a consistent performance, rising to third place from fifth in May. Pomegranate THC Oil (30ml) re-entered the rankings at fourth place, showcasing a notable return to the top five. The Terp N' Tine Pre-Roll (0.5g) saw a significant drop, descending to fifth place from second in May, reflecting a decline in its sales momentum.
Top Selling Cannabis Brands
