Dec-2024
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Overview
Market Insights Snapshot
Virtue Cannabis has shown varying performance across different categories and regions, with notable trends in the Alberta market. In the Flower category, the brand has maintained a relatively stable position, hovering around the 40th rank from September to December 2024. However, it's in the Pre-Roll category where Virtue Cannabis has made a significant leap, moving from the 37th position in September to the 24th by December. This upward trend in Pre-Rolls suggests a growing consumer preference for this category in Alberta, potentially driven by the brand's strategic initiatives or product offerings. On the other hand, the British Columbia market paints a different picture, especially in the Flower category, where the brand's rank fluctuated, peaking at 62 in November before dropping to 86 in December. This inconsistency might indicate a competitive landscape or shifting consumer preferences in the region.
In the Nevada market, Virtue Cannabis's presence is less pronounced across categories, with some months lacking a top 30 ranking altogether. For instance, in the Concentrates category, Virtue Cannabis was ranked 24th in September but did not maintain a top 30 position in subsequent months, signaling potential challenges in sustaining its market position. Meanwhile, in the Flower category, the brand reappeared in the rankings in December, achieving the 80th position, which might suggest a late-year push or seasonal demand affecting sales. Additionally, the brand's entry into the Saskatchewan market in the Flower category with a 54th rank in December highlights new opportunities for expansion, although it remains to be seen how Virtue Cannabis will navigate this relatively fresh market landscape. These movements across states and categories underscore the dynamic nature of the cannabis industry and the importance of adapting strategies to regional consumer behaviors.
Competitive Landscape
In the competitive landscape of the Pre-Roll category in Alberta, Virtue Cannabis has shown a notable upward trend in its ranking, moving from 37th place in September 2024 to 24th place by December 2024. This improvement is significant when compared to competitors like FIGR, which remained outside the top 20 throughout the same period, and Bold, which experienced fluctuations, ending December at 23rd place. Virtue Cannabis's sales have also seen a substantial increase, particularly from October to November, where they surpassed the sales of Astro Lab, despite Astro Lab maintaining a higher rank until December. Meanwhile, Fuego Cannabis (Canada) showed a dramatic rise in December, jumping to 22nd place, which could indicate a potential threat if this trend continues. Overall, Virtue Cannabis's strategic improvements in both rank and sales position it as a rising contender in the Alberta Pre-Roll market.
Notable Products
In December 2024, the top-performing product for Virtue Cannabis was the Fruitloops Diamond Infused Pre-Roll 5-Pack (2.5g) in the Pre-Roll category, maintaining its number one rank from the previous month with notable sales of 2237 units. The Watermelon Mjto Ice Diamond Infused Pre-Roll 5-Pack (2.5g) held steady in the second position, showing a significant increase in sales compared to November. Galactic Glue Blunt (1g) climbed to third place from fifth, indicating a rising popularity. Peachy Pom Bellinii Infused Pre-Roll 5-Pack (2.5g) slipped to fourth place from third, while Liger Blood Infused Pre-Roll 5-Pack (2.5g) re-entered the top five at fifth place after being unranked in November. These shifts highlight a dynamic change in consumer preferences towards certain pre-roll offerings from Virtue Cannabis.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.