.svg){kind=small}
Jun-2024
Sales
Trend
6-Month
Product Count
SKUs
Overview
Market Insights Snapshot
TeaPot has shown a notable performance in the Beverage category across different provinces. In British Columbia, TeaPot has consistently maintained its presence in the top 10 brands, with a slight improvement from rank 9 in March 2024 to rank 8 in May 2024, before settling back to rank 9 in June 2024. This stability suggests a strong and loyal customer base in British Columbia. However, the performance in Ontario has been more dynamic. Starting outside the top 30 in March 2024, TeaPot made significant strides, climbing to rank 23 in April 2024 and continuing its upward trajectory to rank 13 by June 2024. This rapid improvement indicates growing brand recognition and market penetration in Ontario.
Despite the positive movement in rankings, it is important to note the absence of TeaPot in the top 30 brands in Ontario for March 2024. This initial lack of presence could be viewed as a challenge the brand has successfully overcome, showcasing its ability to capture market share swiftly. The sales figures further reflect this upward trend, with a substantial increase in Ontario from April to June 2024. In British Columbia, while the rankings have remained relatively stable, the sales figures indicate a healthy growth, peaking in May 2024. These trends highlight TeaPot's evolving market dynamics and suggest areas of both strength and potential growth.
Competitive Landscape
In the Ontario beverage category, TeaPot has shown a notable upward trend in rank and sales over the past few months. Starting from being outside the top 20 in March 2024, TeaPot climbed to 23rd in April, 17th in May, and 13th in June, reflecting a significant improvement in market presence. This upward trajectory contrasts with Deep Space, which saw a decline from 7th in March to 16th in June, indicating a potential shift in consumer preference. Meanwhile, Vacay maintained a relatively stable position, hovering around the 12th to 14th ranks, and Green Monke showed a slight improvement, moving from 15th in March to 11th in June. Señorita also experienced a modest rise, ending at 15th in June. These dynamics suggest that TeaPot's strategic initiatives are paying off, positioning it as a rising competitor in the Ontario cannabis beverage market.
Notable Products
In June 2024, the top-performing product from TeaPot was Good Day - Lemon Black & Pedro's Sweet Sativa Iced Tea (5mg THC, 12oz), maintaining its first-place ranking from the previous month with sales of 11,726 units. Good Day - Mango Green Tea Iced Tea (5mg THC, 355ml) held steady in second place, showing a slight increase in sales to 9,190 units. Lemonade Iced Tea (5mg THC, 12oz) climbed to third place from fourth in May 2024. Good Evening - Blueberry Chamomile Iced Tea (5mg THC, 355ml) dropped to fourth place, while CBD Lemon Black & Iced Tea (20mg CBD, 12oz) remained in fifth place. Overall, the rankings indicate a consistent performance for the top two products, while others saw minor shifts in their standings.
Top Selling Cannabis Brands
