THC BioMed

Data Snapshot: May 05, 2024
THC BioMed Cannabis Brand Logo
$50K+

Apr-2024

Sales

Decline

Trend

6-Month

13

Product Count

SKUs

THC BioMed

Overview

THC BioMed, a licensed producer based in Kelowna, B.C., is renowned for providing Canadians with high-quality, BC indoor grown cannabis. Innovating within the cannabis sector, the brand also offers a unique Cannabis Beverage Shot, THC KISS, and invests in the research and development of both medical and recreational cannabis products and services. With the establishment of a state-of-the-art medical dispensary in Thailand, THC BioMed is marking its presence on the global stage.
Markets

THC BioMed Locations

Product Trends

THC BioMed Categories

THC BioMed Sales

Market Insights Snapshot

THC BioMed Historical Sales by Category

In the competitive cannabis market of Ontario, THC BioMed has shown a consistent presence in the Beverage category, maintaining its position within the top 30 brands over the first four months of 2024. The brand's rankings have seen slight fluctuations, moving from 23rd in January to 21st in February, dipping back to 22nd in March, and returning to 23rd in April. This indicates a relatively stable demand for THC BioMed's beverage products among Ontario consumers. The sales figures, starting from $26,969 in January and peaking at $34,028 in March before slightly dropping to $33,409 in April, suggest a positive trend in consumer interest and sales performance, despite the minor ranking shifts. This performance reflects a resilient brand presence in a specific category, hinting at a dedicated consumer base and effective market strategies in the highly competitive Ontario market.

While THC BioMed's performance in the Beverage category in Ontario showcases its ability to hold onto its market share amidst competition, the lack of data across other states or provinces, as well as in different product categories, leaves room for speculation about the brand's overall market penetration and diversification. The consistent top 30 ranking in Ontario's Beverage category is commendable; however, the absence from top rankings in other markets or categories could be seen as an area for potential growth or concern. This focused analysis on Ontario's Beverage sector highlights THC BioMed's strengths in maintaining its position and sales performance within a specific niche, yet it also underscores the importance of exploring broader market dynamics and opportunities for expansion beyond this singular success.

Apr-2024 Rank
Beverage
23
THC BioMed

Competitive Landscape

In the competitive landscape of the beverage category in Ontario, THC BioMed has experienced fluctuations in its ranking, indicating a challenging market position. Despite not breaking into the top 20 in any given month from January to April 2024, THC BioMed showed a consistent upward trend in sales, signaling a growing consumer interest. In comparison, Ace Valley entered the fray in February and managed to secure a spot just above THC BioMed by April, showcasing a stronger market presence with higher sales. Summit (Canada), another competitor, also fluctuated in rankings but remained close to THC BioMed, indicating a closely contested segment. TeaPot saw a significant drop in rank from January to March but rebounded impressively in April, surpassing THC BioMed in terms of rank and sales, highlighting the volatile nature of consumer preferences in this category. Lastly, Snap Back maintained a relatively stable position, closely trailing behind THC BioMed, but with a slight edge in sales by April. This analysis underscores the competitive dynamics THC BioMed faces, with varying degrees of pressure from both established and emerging brands, emphasizing the need for strategic positioning to enhance its market share.

THC BioMed market ranking for ON Beverage

THC BioMed

Notable Products

In April 2024, THC BioMed's top-selling product was THC Kiss Mango Shot (10mg THC, 30ml) within the Beverage category, maintaining its number one rank from previous months with sales of 9879 units. The second place was secured by THC Kiss Shortbread Biscuit (10mg) from the Edible category, consistently holding its position from February and March. Climbing up the ranks to third was THC Kiss - Cocoa Biscuit (10mg), also in the Edible category, showing a steady increase in popularity from fifth place in January. The newcomer THC Kiss Cinnamon Biscuit (10mg) made an impressive entry directly into the fourth spot. Lastly, the Durga Mata II CBD Pre-Roll 3-Pack (1.5g) from the Pre-Roll category remained in fifth, demonstrating stable demand among consumers.

Product Rank
Category
Jan-2024
Feb-2024
Mar-2024
Apr-2024
THC Kiss Mango Shot (10mg THC, 30ml)
Beverage
1
1
1
1
THC Kiss Shortbread Biscuit (10mg)
Edible
3
2
2
2
THC Kiss - Cocoa Biscuit (10mg)
Edible
5
4
3
3
THC Kiss Cinnamon Biscuit (10mg)
Edible
>5
>5
4
4
Durga Mata II CBD Pre-Roll 3-Pack (1.5g)
Pre-Roll
>5
5
5
5
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