Welcome to our monthly cannabis market overview.
We look at five key metrics from the previous month to provide you with a pulse check on legal cannabis markets. The quick read will present data on total sales, year-over-year growth, basket count, and more. You'll find a few shout-outs for brands & companies that achieved something noteworthy as well. You can also keep track of these insights for free when you sign up for Insights Pulse.
Let’s get into it…
Hexo ranked number 5 within the Vapor Pen category in AB this September, with 20% growth from August to September. In September, Vapor Pens accounted for 59% of Hexo's sales, followed by Flower at 36%.
Tweed was ranked 1st within BC's Beverages category this August. This brand is in 7 categories and Beverages made up 22.4% of it's sales in August, making it the second highest category in sales, after Pre-Rolls, and before FLOWER! Their 3 Carbonated Beverage products have seen 53% growth from July to August.
Wana was ranked number 7 in the Gummies segment in CA after only entering the market a year ago. They owned 2.1% of the CA's Edibles share and 2.9% of CA's Gummies share in September. Gummies are Wana's specialty with a total of 19 distinct products, and an average month over month growth of 23% the last 3 months. Wana hasn't expanded to another Edibles segment, but hold onto your hats if they do!
Kayak Cannabis was number 6 in Pre-Roll sales this past September in CO. They have grown an amazing 208% comparing sales performance this September to last September. Kayak Cannabis has products both in the Pre-Roll and Concentrates category, but their Infused/Connoisseur Pre-Rolls made up 35% of their market share in September.
CannaPunch ranked number 1 in NV Beverage sales and owned 40% of the NV Beverage market this September. In addition to those great sales they are also growing; their sales increased this September over last September by 54%. The majority (88%) of their sales came from the Iced Tea, Lemonade, and Fruit segment.
Msiku is ranked number 4 within the Pre-Roll category in ON this August, with 5.5% market share even though they just entered into the Pre-Roll market in August. They are selling 4 distinct products within the Pre-Roll category.
Fire Dept. Cannabis was ranked 3rd and owns 3.9% of the Pre-Roll share in OR this September. They have only been in the OR Pre-Roll market since March of this year, and have seen an average increase of 34% month over month growth the last 3 months. 76% of their Pre-Roll sales came from the Hybrid-Single Strain segment in September.
Mfused stands out because they have seen a 4.6% growth rate this September compared to last September when total category sales have been flat in WA's Vapor Pen market. Mfused was ranked number 1 in Vapor Pen sales in September. The majority (97%) of the brand's sales came from Cartridges, where they had 122 distinct products in market during September.