Canada's cannabis vape market is experiencing significant growth, with a 15% year-over-year sales increase in Q4 2023, driven by evolving consumer preferences and regulatory shifts. The report by Zuanic & Associates highlights the market's complexity and the dominance of top players like Auxly, Decibel, and Tilray, which, along with private companies, hold a 53% market share. The popularity of larger 510 cartridge formats and disposables is reshaping the market, with pricing dynamics showing a 9% decrease in the average vape price per gram equivalent. Motif Labs has emerged as a market leader, while Decibel and Tilray face challenges due to slower responses to market trends. Zuanic & Associates maintain Overweight ratings on Decibel and Village Farms, citing their competitive positioning and growth prospects.