Jun-2024
Sales
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Overview
Market Insights Snapshot
Spinach has shown a robust performance in the Edible category across multiple provinces, maintaining the top spot in Alberta consistently from March to June 2024. This dominance is also reflected in Ontario where it consistently holds the second position. In British Columbia, Spinach has also secured the second rank throughout the same period, indicating a strong foothold in the Edible market across these regions. However, the performance in the Flower category shows some variability. While Spinach maintained the top rank in Ontario, its ranking in Alberta dropped from second to sixth over the months, suggesting a potential area for improvement in that region.
In the Pre-Roll category, Spinach has demonstrated solid performance in Alberta and Ontario, maintaining consistent rankings within the top ten. Specifically, in Alberta, Spinach improved from fourth to second place in April but then stabilized at the third position through June. This indicates a steady demand for their Pre-Roll products. However, in British Columbia, the brand's ranking fluctuated, reaching as low as eleventh place in May before recovering to tenth in June. The Vapor Pens category presents a mixed picture; Spinach holds a stable second place in Alberta and a consistent third in British Columbia, but it did not make it to the top 30 in Saskatchewan after March. This suggests that while Spinach has a strong presence in some regions, there is room for growth in others.
Competitive Landscape
In the Ontario flower category, Spinach has consistently maintained the top rank from March to June 2024, showcasing its dominance in the market. Despite strong competition from Shred, which has held the second position throughout the same period, Spinach's sales figures have remained robust, indicating a loyal customer base and effective marketing strategies. Pure Sunfarms, another competitor, has shown some movement by climbing from the fourth to the third rank between April and May 2024, but it still trails significantly behind Spinach in terms of sales. This stability in rank and sales for Spinach suggests a well-established brand presence and a competitive edge in the Ontario market.
Notable Products
For June 2024, the top-performing product from Spinach is Sourz - Blue Raspberry Watermelon Gummies 5-Pack (10mg), maintaining its first-place ranking consistently from March through June with sales reaching $108,035. Sourz - Pink Lemonade Gummies 5-Pack (10mg) holds the second position, showing a steady improvement from fourth place in March to second place by May and June. Sourz - Strawberry Mango Gummies 5-Pack (10mg) remains in third place, consistent with its performance in April and May. Sourz - CBD/THC 1:1 Peach Orange Gummies 5-Pack (10mg CBD, 10mg THC) is ranked fourth, unchanged from the previous months. A new entry, Feelz - THC/CBG 2:1 Chill Bliss Pineapple Starfruit Gummies 2-Pack (10mg THC, 5mg CBG), has entered the rankings at fifth place in June.