Pricklee Cactus Water Shark Tank Net Worth-What happened to Pricklee Cactus Water After the Shark Tank?
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.
Pricklee Cactus Water Shark Tank Net Worth
As of 2022, Pricklee Cactus is worth an estimated $2 million. The company was pitched on Shark Tank in 2021 and got a deal with Barbara Corcoran.
Since then, the company has continued to expand its distribution and is currently available in 447 locations such as Stop & Shop, 7-Eleven, and Green Naturals Food.
Over 90% of these locations are on the North East Coast, and they are only in seven stores on the West Coast.
Is Pricklee Cactus Water Still In Business?
Yes, Pricklee Cactus is still in business as of 2023. The company was launched in 2021 after the founders pitched it on Shark Tank and got a deal with Barbara Corcoran. As of 2022, Pricklee Cactus is worth an estimated $3 million and is continuing to expand its distribution