MinusCal Bars Shark Tank Net Worth 2023
Barrett and Crom, the founders of MinusCal Bars, made an appearance on Season 11, Episode 1 of Shark Tank with the hope of securing a $500,000 investment in exchange for a 20% stake in their company. This would give their business a $2.5 million valuation.
The MinusCal Bars are a unique product designed to help people lose weight by providing a healthy snack option that is low in calories.
These bars have been formulated to provide a satisfying taste without the use of artificial sweeteners, flavors, or preservatives.
What was MinusCal Bars? Who were the MinusCal Bars founder?
MinusCal Bars are protein bars that contain ingredients designed to prevent the small intestine from absorbing the fat in the bar, potentially leading to weight loss. The bars are available in three different flavors: chocolate, peanut butter, and apple cinnamon.
Barrett Jacques and his partner Crom Carmichael founded Minus Cal with the goal of limiting fat absorption with a protein fitness bar. To achieve this, they used Choleve extract, which is found in fermented green tea.
Jacques, who has a background in business development, came up with the concept for Minus Cal while studying nutrients for a protein bar. He identified Choleve as a nutrient that is both healthy and allows the protein bar to retain its taste.
Choleve has been identified as a nutrient that may help reduce cholesterol levels, and it is classified as a vitamin by the FDA, not a medication. Tea-derived supplements, including Choleve, are generally regarded as safe by the FDA.
Minus Cal’s ability to make a fat-blocking claim is due to the presence of Choleve in the bars.
While the product was initially intended to help patients reduce their cholesterol, research showed that it also aided in weight loss by providing faster benefits in reducing fat absorption.
According to Jacques’ LinkedIn page, he is no longer involved with Minus Cal and is currently working in business development in Tennessee.
MinusCal Bars Shark Tank Pitch
Barrett and Crom made an appearance on season 11 episode 1 of Shark Tank, where they sought a $500,000 investment for a 20% share in their company. This would value their company at $2.5 million.
During their pitch, they presented their product and demonstrated its features while also providing samples.
However, the Sharks were left confused when Barrett and Crom attempted to explain the cholesterol-lowering benefits of their product, which they marketed as a nutritious bar rather than a weight loss aid.
Despite this, Robert noticed that their product’s packaging included the words “weight loss.”
There was also a disagreement between Mark and Crom regarding the authenticity of their scientific investigations.
Ultimately, the Sharks were not impressed with the pitch, and Mark advised the audience not to buy the product, calling it a “scam product.”
The appearance on the show had a negative impact on their sales, and the company eventually went out of business.
It was later discovered that Minus Cal’s Facebook profile had not been updated since November 2019, and the general public followed Mark’s advice, leading to the company’s closure in July 2020.
What is the Net Worth of MinusCal Bars?
Barrett and Crom appeared on Shark Tank season 11 episode 1 in search of $500,000 for a 20% stake in their company. This translates to a $2.5 million valuation.
Who were the Competitors of MinusCal Bars?
MinusCal Bars was facing some competitions in its market space from other brands such as Builtbar and Premier Protein.
MinusCal Bars FAQS
What was MinusCal Bars?
Minus Cal Bars was a bar that has protein, fibre and other ingredients to block fat absorption. It is a weight loss bar that claims to help dieters lose weight faster.
How do MinusCal Bars work?
The product works by blocking the body from absorbing fat, so users should not experience the feeling of being too full.
When less food is taken in, fewer calories are consumed and more weight loss results as a result.
Who were the founders of MinusCal Bars?
Barrett Jacques and Crom Carmichael are the founders of Minus Cal.
How much were they seeking in the Shark Tank Pitch?
They were seeking $500,000 for a 20% stake in the company. This translates to a $2.5 million valuation.
Did they get the deal from the Sharks?
No, they did not get the deal from the Sharks.
What happened to MinusCal Bars after they appeared on Shark Tank?
They appeared on the show, but their appearance had a detrimental influence on their sales and the firm has since gone out of business.
Does Choleve block fat?
Choleve decreases fat absorption by 12% while causing no negative effects. Theoretically, reducing fat absorption should aid in weight reduction.
Their protein bars contain protein and other minerals, and the additional Choleve blocks part of the fat, aiding with weight reduction.
Is minus Cal still in business?
Apparently, the general population followed Mark’s counsel. This company will be out of business in July of 2020.
What happened to minus Cal shark tank?
Minus Cal was left without a deal after Mark Cuban’s scathing remarks. The firm was unable to generate sales, and its participation on Shark Tank had a negative impact on its sales and popularity.
What exactly is Choleve?
According to the producers, Choleve is a customized “combination of fermented tea extract that works by preventing fat absorption in the small intestine.”
What is the net worth of Barrett Jaques?
Barrett Jaques’s net worth is unavailable.
Where is Barrett Jaques now?
Barrett Jacques is currently Director of Business Development at MetaPhy Health in Tennessee.
Where is Crom Carmichael now?
Crom Carmichael is a native of South Bend, Indiana, and a 1971 graduate of Vanderbilt University. He presently resides in Nashville, Tennessee.
What is net worth of Crom Carmichael?
Crom Carmichael net worth is $15 Million.
What were flavours of MinusCal?
MinusCal bars were in three flavours: Chocolate, Peanut Butter and Apple Cinnamon.
Where were of MinusCal made?
MinusCal was made in Tennessee.
What is the price of MinusCal bars?
The price of a Minus Cal bar was $2.50 to $3.50 for one bar, depending on flavour.
How to contact MinusCal Bars?
There are no longer in business.
How much sugar were there in MinusCal?
The bars have over 9 grams of protein, 11 grams of fibre, and 4 to 6 grams of sugar.
