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Jun-2024
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Overview
Market Insights Snapshot
Tremblant Cannabis has shown varied performance across different provinces in the Concentrates category. In Alberta, the brand experienced a downward trend, dropping from the 19th rank in March 2024 to the 29th rank by June 2024. This decline is indicative of a significant reduction in sales, with figures falling from $46,387 in March to $19,201 in June. Conversely, in British Columbia, Tremblant Cannabis maintained a relatively stable position within the top 10, fluctuating between the 8th and 11th ranks during the same period. This stability is underscored by a steady increase in sales, peaking at $78,282 in May 2024.
In Ontario, Tremblant Cannabis has shown impressive growth, climbing from the 6th rank in March to the 4th rank by June 2024. This upward movement correlates with a substantial rise in sales, reaching $297,817 in June. However, the brand did not maintain a consistent presence in the top 30 in Saskatchewan after March, where it initially held the 10th rank. The absence from the rankings in subsequent months could suggest challenges in market penetration or competition. These trends highlight the brand's varying performance across different regions, with notable successes in Ontario and British Columbia, contrasted by struggles in Alberta and Saskatchewan.
Competitive Landscape
In the highly competitive Ontario concentrates market, Tremblant Cannabis has shown a notable upward trend in its rankings and sales over the past few months. Starting from a rank of 6 in March 2024, Tremblant Cannabis has climbed to the 4th position by June 2024, indicating a steady improvement in market presence. This is particularly significant given the consistent performance of competitors such as Pura Vida, which has maintained a strong 3rd position, and Endgame, which has held the 2nd spot throughout the same period. Meanwhile, Nugz saw a decline from 3rd to 6th place, highlighting a potential opportunity for Tremblant Cannabis to capture more market share. The brand Shred also experienced a positive shift, moving from 7th to 5th place, but Tremblant Cannabis's more significant rise suggests stronger momentum. These changes underscore the importance of strategic marketing and product differentiation for Tremblant Cannabis to continue its ascent in the rankings and boost sales further.
Notable Products
In June 2024, Tremblant Cannabis's top-performing product was Hashish (2g) in the Concentrates category, maintaining its first-place ranking for the fourth consecutive month with a notable sales figure of 7,991 units. Afghani Black Hash (2g) also consistently held the second position in the Concentrates category. High Alpine Hash (2g) remained in third place within the Concentrates category, although its sales figures saw a decline compared to previous months. Sweet Cherry Hash Infused Pre-Roll 3-Pack (1.5g) and Sweet Cherry Bubble Hash Infused Blunt (1g) continued to occupy the fourth and fifth positions respectively in the Pre-Roll category, with minimal sales figures. Overall, the rankings of these top products have shown remarkable stability over the past few months.
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