Pricklee Cactus Water Shark Tank Net Worth-What happened to Pricklee Cactus Water After the Shark Tank?

Pricklee Cactus Water Updates

Pricklee Cactus Water is a low-sugar, low-calorie drink made from the fruit of the prickly pear cactus plant. It contains natural antioxidants, electrolytes, and 25% DV Vitamin C that boost immunity. The drink is available in three flavors: original prickly pear, mango ginger, and strawberry hibiscus.

A 12-ounce can of Pricklee contains only 35 calories and 50% less sugar than coconut water. The prickly pear cacti used in Pricklee are sustainably sourced from Mexico and southwest areas in the U.S..

Pricklee appeared on Shark Tank during season 13 episode 22 and made a deal with Barbara Corcoran. Since then, the company has taken some of the Sharks’ advice and rebranded from “superfruit juice” to “cactus juice”.

The company’s website now contains a lot of information about what sets their water apart, though it doesn’t look like they’ve changed the packaging yet. Pricklee beverages are currently available in 500 stores in the northeast region of the U.S..

The company aims to expand to other regions in the future. In June 2022, Mo Hassoun told The Hamilton Spectator that Pricklee’s cactus is sustainably sourced and needs very little water to grow, which has positive agricultural implications.

Pricklee Cactus Water Shark Tank Table Summary:

KEY POINTS	INFORMATION
What is Pricklee Cactus Water?	Low-sugar, low-calorie drink made from prickly pear cactus fruit with natural antioxidants, electrolytes, and 25% DV Vitamin C that boost immunity.
Flavors	Original prickly pear, mango ginger, and strawberry hibiscus.
Nutrition	12 oz can contains 35 calories and 50% less sugar than coconut water.
Sustainability	Prickly pear cacti are sustainably sourced from Mexico and southwest areas in the U.S.
Shark Tank appearance	Pricklee made a deal with Barbara Corcoran for a 5% stake and a line of credit.
Current distribution	Available in 500 stores in the northeast region of the U.S.
Founders	Kun Yank and Mo Hassoun.
Growth	Monthly sales of $50,000, available in 447 locations.
Benefits	Natural antioxidants, vitamin C, potassium, and sodium, gluten-free, and low in sugar.

What Is A Pricklee Cactus Water? Who Is The Founder Of Pricklee Cactus Water?

Pricklee Cactus Water is a low-sugar and low-calorie drink made with real fruit, natural antioxidants, electrolytes, and 25% DV Vitamin C that boost immunity. It contains prickly pear cactus juice which is an antioxidant powerhouse packed with Vitamin C, flavonoids, betalains, and polyphenols.

The cactus grows in more than 30 countries and is used extensively in Mexican cuisine. Compared to coconut water, the flavor of cactus juice is sweeter but has 50% less sugar and calories.

Pricklee Cactus Water was founded by Kun Yank and Mo Hassoun who discovered cactus water as an alternative to coconut water that has less sugar and calories.

Pricklee offers three flavors: prickly pear, strawberry/hibiscus, and ginger mango. They are sold in a 12 pack of 12-ounce cans.

What Happened To Pricklee Cactus Water At The Shark Tank?

The founders had a promising start to their business, but they needed to scale quickly. Mo and Kun appeared on the 13th season of a show and pitched their startup, asking for $200,000 in exchange for a 5% stake.

The Sharks were impressed by the product, as it was something they had never tasted before and it caught them by surprise. Lori appreciated that it was made from cactus, but she felt it was too early for her to invest, and so she decided to pass.

Mark believed that the focus should have been more on sustainability, and he opted out. Emma shared Mark’s sentiments and also decided to pass. Barbara had experienced losses on beverage deals in the past and declined to invest.

Kevin expressed his dislike for beverage deals but was willing to offer $200,000 for a 20% stake and gave them a take-it-or-leave-it ultimatum. The founders were hesitant to give up such a large stake, and they countered with an offer of $200,000 for a line of credit and a 5% stake.

Kevin agreed to increase his stake to 10%, but before they could finalize the deal, Barbara stepped in and offered to invest in exchange for a 5% stake and line of credit.

What Happened To Pricklee Cactus Water After The Shark Tank?

After appearing on Shark Tank in 2021, Pricklee Cactus has continued to expand its distribution and is currently available in 447 locations such as Stop & Shop, 7-Eleven, and Green Naturals Food.

The company has seen impressive growth since its launch in 2021, with monthly sales of $50,000. While some of the Sharks were cautious about investing due to the competitive beverage space and the founders’ anti-coconut stance, they eventually made a deal. Pricklee Cactus is continuing to grow and expand its reach across the US.

As of March 2023, there is no indication that the deal between Barbara and a business she advises on-air deals with has been closed.

Despite her frequent negotiations, the products remain in over 447 regional and small supermarket chains primarily located in the northeastern United States. Thus far, it appears Barbara has not gone through with the agreement.

How Does Pricklee Cactus Water Works?

Pricklee Cactus Water is made by squeezing the juice out of the pink fruit of the prickly pear cactus, also known as nopal cactus.

Prickly pear fruit is rich in antioxidants such as vitamin C, betalain, quercetin, taurine, isorhamnetin, and carotenoids that are associated with reducing or inhibiting cell damage caused by scavenging free radicals.

Pricklee Cactus Water is packed with natural antioxidants, which is why it is considered a healthy alternative to coconut water.

Pricklee Cactus Water contains copious amounts of vitamin C, potassium, and sodium, which are necessary for athletes and those who work out regularly. It is also gluten-free and has a low sugar content per serving.

Pricklee Cactus Water is made from fresh prickly pear puree, not from concentrate, and combined with fresh filtered water, making it the perfect water-based beverage for those who want to get more from water.

Thanks to its rich antioxidant and electrolyte profile, Pricklee Cactus Water may reduce inflammation, regulate the balance of fluids in the body, prevent muscle cramps, stabilize blood sugar, and speed up muscle recovery.

Pricklee Cactus Water is the first in a line of cacti-based products, and the brand has plans to bring out more flavor variations to fit everyone’s taste buds.

What Is The Current Valuation Of Pricklee Cactus Water?

The current valuation of Pricklee Cactus Water is not explicitly stated. However, the global packaged cactus water market size was valued at USD 16.72 million in 2019 and is expected to reach USD 73.7 million by 2027, expanding at a CAGR of 20.4% from 2020 to 2027.

Pricklee Cactus Water is one of the companies in the packaged cactus water market, which includes other companies such as Caliwater, True Nopal Cactus Water, The Cactus Water Co. LLC, STEAZ, and EVISSI Natural Cactus Water.

Pricklee Cactus Water is a fruity water made from cacti that tastes like coconut water but has fewer calories and less sugar. The company was started by five friends and is well-known now.

The product has been gaining traction among fitness enthusiasts and athletes due to its health benefits, which include boosting athletic performance, repairing muscle tissues, hydrating the body, reducing inflammation, improving skin, managing fluid balance, enhancing heart function, boosting immunity, improving bone health, and preventing diabetes.