The Valens Company Inc., a leading manufacturer of cannabis products, is pleased to provide an update on its recent recreational market share in Canada.
Tyler Robson, Chief Executive Officer, Co-Founder and Chair of The Valens Company, said “We have shown strong quarter-over-quarter growth, as we continue to execute on our business strategy across all our brands in the Canadian recreational market. Furthermore, with the recent launch of Versus ready-to-drink seltzers, our Contraband ultra-premium flower offering, CNDYLND, and other recently launched product initiatives we look to continue our momentum into the coming quarters and deliver on our market share and profitability objectives in 2022.”
Valens Market Share Summary1
|
November 2021 |
February 2022 |
|
|
Canada2 |
2.4% |
3.1% |
|
Ontario3 |
2.3% |
3.2% |
National Market Share Trends2:
- 3.1% (ranked #10) overall market share in February 2022, compared to 2.4% (ranked #12) in November 2021
- 11.2% (ranked #4) beverage market share in February 2022, compared to 9.3% (ranked #4) in November 2021
- 3.5% (ranked #9) flower market share in February 2022, compared to 2.5% (ranked #10) in November 2021
- BC God Bud #1 best-selling SKU across all product categories in January 2022 and February 2022
- 3.2% (ranked #8) edible market share in February 2022, compared to 2.7% (ranked #10) in November 2021
Ontario Market Share Trends3:
- 3.2% (ranked #9) overall market share in February 2022, compared to 2.3% (ranked #11) in November 2021
- 4.1% (ranked #7) flower market share in February 2022, compared to 2.3% (ranked #11) in November 2021
Sources
1 Overall market share across all product categories (unless otherwise noted)
2 Based on Hifyre data as of March 14, in British Columbia, Alberta, Ontario, and Saskatchewan, not including any …B2B LP sales
3 Based on Hifyre data as of March 14, in Ontario, not including any B2B LP sales
About The Valens Company
The Valens Company is a leading manufacturer of cannabis products with a mission to bring the benefits of cannabis to the world. The Company provides proprietary cannabis processing services, in addition to best-in-class product development, manufacturing, and commercialization of cannabis consumer packaged goods. The Valens Company’s high-quality products are formulated for the medical, health and wellness, and recreational consumer segments, and are offered across all cannabis product categories with a focus on quality and innovation. . Discover more on The Valens Company at http://www.thevalenscompany.com.
