.svg){kind=small}
Mar-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
In the competitive landscape of Vapor Pens, Slerp has shown a notable performance in the Alberta market. Starting from a lower rank of 57 in December 2023, the brand made a significant leap to rank 28 by January 2024, maintaining a stable presence around the 29th rank for the subsequent months of February and March 2024. This upward movement in rankings is a positive indicator of Slerp's growing acceptance and popularity among consumers in Alberta. The sales figures support this trend, with a substantial jump observed from December 2023's sales of 31,232 to 112,544 in January 2024, showcasing a robust growth in consumer demand. Maintaining a consistent rank in the top 30 for these months highlights Slerp's solid market presence in the Alberta Vapor Pens category.
However, the scenario appears quite different in the Ontario market. Slerp's entry into the Ontario Vapor Pens category in March 2024 at rank 80 suggests a challenging beginning in this region. The absence of ranking data for the months of December 2023 through February 2024 indicates that Slerp was not among the top 30 brands in Ontario during these months, which could be viewed as a missed opportunity or a late entry into this market. Despite this, securing a rank in March and achieving sales of 27,493 signifies a starting point for Slerp in Ontario. The brand's performance in Ontario will be an interesting aspect to monitor in the coming months to see if it can replicate its Alberta success and climb the ranks in this highly competitive market.
Competitive Landscape
In the competitive landscape of the Vapor Pens category in Alberta, Slerp has shown a notable improvement in its market position over the recent months. Starting from a rank of 57th in December 2023, Slerp made a significant leap to 28th by January 2024, and has since maintained a stable position, ranking 29th in February and March 2024. This upward trajectory in rank is mirrored by a substantial increase in sales, indicating a growing consumer preference for Slerp's offerings. Competing brands such as Papa's Herb, which saw a dramatic rank improvement from 92nd to 27th, and Bold, maintaining a consistent rank in the low 30s, highlight the dynamic nature of the market. Coterie and Roilty Concentrates also exhibit fluctuations in their rankings, suggesting a competitive environment where brand positions can shift significantly. Slerp's recent performance, particularly its ability to climb the ranks and solidify its sales amidst such competition, positions it as a brand with potential for further growth and market penetration.
Notable Products
In March 2024, Slerp's top-performing product was the Raspberry Peach Cured Resin Cartridge (1g) from the Vapor Pens category, maintaining its number one rank from February with sales reaching 1912 units. Following closely was the Bubble Cured Resin Cartridge (1g), also in the Vapor Pens category, which dropped from the top position in January to second place in March. The Apple Spice Cured Resin Cartridge (1g) held steady at third place, showing consistent popularity among consumers. A newcomer to the rankings, the Sour Watermelon Cured Resin Cartridge (1g), made a notable entry at fourth place, indicating a growing interest in diverse flavors. These rankings highlight shifts in consumer preferences within Slerp's product line, with a clear inclination towards vapor pens, and the Raspberry Peach variant leading the pack.
Top Selling Cannabis Brands
