Summit (Canada)

Data Snapshot: Apr 04, 2024
Summit (Canada) Cannabis Brand Logo
$100K+

Mar-2024

Sales

Decline

Trend

6-Month

74

Product Count

SKUs

Summit (Canada)

Overview

Founded in 2017, Summit is a notable brand in the marijuana sector, dedicated to offering premium quality cannabis products ranging from cannabis flower and solventless extracts to cured concentrates and 100% live resin vape cartridges. With a firm belief in the positive health effects of cannabis, Summit is committed to supplying customers, particularly patients in Oklahoma, with affordable and high-grade medical marijuana products. However, the company doesn't claim any specific health benefits, instead focusing on presenting informational content to educate the public about the effects of cannabis.
Product Trends

Summit (Canada) Categories

Summit (Canada) Sales

Market Insights Snapshot

Summit (Canada) Historical Sales by Category

In the beverage category, Summit (Canada) has shown a consistent performance in the provinces of Alberta, British Columbia, and Ontario, with slight variances in ranking over the observed months. In Alberta, the brand improved its position from 10th to 8th, maintaining this rank into March 2024, despite a slight decrease in sales from December 2023 to February 2024, before seeing an uptick in March. British Columbia saw a slight dip in Summit's ranking from 8th to 11th, indicating increased competition or shifts in consumer preference within the province. Interestingly, in Ontario, Summit's ranking in the beverage category showed a promising improvement from 29th to 23rd, before slightly dropping to 25th, suggesting a volatile but overall positive trajectory in this market.

Conversely, Summit's performance in the edibles category presents a more challenging landscape. In Alberta, the brand struggled, with its ranking slipping from 30th to 37th, and then making a slight recovery to 34th by March 2024. This fluctuation, alongside a significant drop in sales from December 2023 to February 2024 before a partial recovery in March, could indicate difficulties in capturing a stable market share within this category. Meanwhile, in Ontario, Summit showed some improvement, moving from a ranking of 61st to 46th, which remained consistent into March 2024. This suggests a potential turnaround or effective adjustments in strategy for the edibles market in Ontario. However, it's noteworthy that Summit was absent from the top 30 brands in the edibles category in Saskatchewan until February 2024, when it finally entered the rankings at 41st, improving to 30th by March. This late entry into the Saskatchewan market highlights both a challenge and an opportunity for growth in this category.

Mar-2024 Rank
Beverage
Edible
Concentrates
Flower
Vapor Pens
8
34
11
40
40
69
25
46
8
30
Summit (Canada)

Competitive Landscape

In the competitive landscape of the cannabis flower category in Colorado, Summit (Canada) has experienced notable fluctuations in its market position from December 2023 to March 2024. Initially ranked 46th in December, Summit saw a significant improvement in January, moving up to 36th place, before experiencing a decline to 53rd in February and slightly recovering to 40th in March. This volatility in rankings reflects a dynamic market environment and challenges in maintaining consistent sales growth. Competitors such as Vera, which showed a more stable and upward trajectory moving from 23rd to 14th and then slightly adjusting to 34th by March, demonstrate the competitive pressures Summit faces. Notably, 14er Gardens made a remarkable leap from 54th to 32nd place by March, underlining the potential for rapid changes in brand standings within this market. Other brands like Kaviar and The Colorado Cannabis Co. also show fluctuations but with different patterns, indicating a highly competitive and fluid market landscape. Summit's journey through these rankings and sales trends underscores the importance of strategic agility and market responsiveness for cannabis brands in Colorado's vibrant market.

Summit (Canada) market ranking for CO Flower

Summit (Canada)

Notable Products

For Summit (Canada) in Mar-2024, the top-performing product was Iced Tea Lemonade (10mg THC, 355ml) from the Beverage category, maintaining its number one rank from previous months with sales peaking at 9179 units. Following closely was Peach Lemonade Iced Tea (10mg THC, 355ml), also in the Beverage category, securing the second position consistently across the months. Tropicana Banana (Bulk) from the Flower category held steady at the third rank, showcasing stable popularity among consumers. A notable entry into the top products is Guava Melts (Bulk) from the Flower category, which jumped to the fourth position in March without having been ranked in the previous months. This shift indicates a changing consumer preference within the Summit (Canada) product range, highlighting the dynamic nature of product popularity in the cannabis industry.

Product Rank
Category
Dec-2023
Jan-2024
Feb-2024
Mar-2024
Iced Tea Lemonade (10mg THC, 355ml)
Beverage
1
1
1
1
Peach Lemonade Iced Tea (10mg THC, 355ml)
Beverage
2
2
2
2
Tropicana Banana (Bulk)
Flower
3
3
3
3
Guava Melts (Bulk)
Flower
>5
>5
>5
4
Dante's Inferno (Bulk)
Flower
>5
>5
4
5
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