What Happened To Ice Cream Canteen After Shark Tank?
What Is The Ice Cream Canteen?
The Ice Cream Canteen is a double-walled, vacuum-insulated container that keeps a pint of ice cream frozen for hours, allowing customers to enjoy their ice cream anywhere. This thermos-like container can keeps ice cream frozen for up to 4 hours and in a cooler for up to 8 hours.
The Ice Cream Canteen is a vacuum-insulated container designed to keep ice cream frozen for up to four hours without the need for a freezer. It was created by Jordan Stern, who founded The Ice Cream Canteen Company in December 2018.
The container is designed to fit any pint in the conventional paper pint shape. It has an air and water-tight seal and an insulated cap that keeps the contents fresh and safe.
The Ice Cream Canteen is available in three varieties: Coconut White, Stainless Steel, and Mint Green, and is priced at $44.99.
The container is compatible with all paper plate shapes, from 16 ounces to 14 ounces.
Jordan Stern, the inventor of the Ice Cream Canteen, raised over $120,000 on Kickstarter to bring the product to life.
On an episode of Shark Tank, Jordan Stern pitched The Ice Cream Canteen and received many offers from the shark. Kevin O’Leary offered him a deal of $100,000 for 30% equity in his company.
He later made a deal with Mark Cuban and Lori $100,00 investment exchange for a 20% equity stake and 200,000 as a line of credit ($ 0.5 million Ice Cream Canteen valuation).
The Ice Cream Canteen is available for purchase on the company’s website and Amazon.com
How Does The Ice Cream Canteen Work?
The Ice Cream Canteen is a vacuum-insulated container that works like a travel mug, but instead of keeping hot coffee, it keeps ice cream cool enough to keep it from melting for hours. The container is equipped with a water-tight seal and an insulated cap to ensure the contents remain frozen and secure.
The exterior features a powder coating and a no-slip grip, making it easy to handle and transport. The container can fit a pint of ice cream in the conventional paper pint shape, and it is compatible with all paper plate shapes, from 16 ounces to 14 ounces.
The Ice Cream Canteen is available in three varieties: Coconut White, Stainless Steel, and Mint Green, and is priced at $44.99.
What Happened To Ice Cream Canteen At Shark Tank?
Jordan, the founder of “The Ice Cream Canteen” presented to the investors on the TV show Shark Tank. Jordan is asking for $100,000 in exchange for 5% equity in his company ($2 million Ice Cream Canteen valuation).
He introduces his product, which is a double-walled vacuum-insulated container for a pint of ice cream. Jordan claims that this container keeps the ice cream frozen for hours without needing a freezer.
To prove his claim, he invites one of the Sharks, Mark, to test the product by putting it in an oven that is at 425 degrees Fahrenheit. After some time, they take out the container and find that the ice cream is still frozen.
Jordan claims that this product is ideal for people who want to enjoy ice cream on the go, such as at the beach, picnics, barbecues, or birthday parties.
In this episode of Shark Tank, a young entrepreneur named Jordan pitches his ice cream business, which has generated $98,000 in revenue in 2021 and is projected to generate over $400,000 in revenue this year. He is capital constrained and needs money to purchase large inventory orders to meet demand.
Kevin O’Leary offers $100,000 in exchange for 30% equity ($333k valuation).
Lori Greiner teamed up with Mark Cuban and offered $100,000 in exchange for a 25% equity stake and 100,000 as a line of credit.
Mark Cuban and Lori made an adjustment as a counter with $100,000, exchange for a 20% equity stake and 200,000 as a line of credit.
The sharks ask questions and express their concerns about the product and the business. They ask about the size of the market for the product, the competition, and the entrepreneurs’ plans for growth.
After some negotiation, one of the sharks decides to invest in the business, and a deal is made.
Jordan made a deal with Mark Cuban and Lori made an adjustment as a counter with $100,000, exchange for a 20% equity stake and 200,000 as a line of credit ($ 0.5 million Ice Cream Canteen valuation)
What Happened To Ice Cream Canteen At Shark Tank?
After securing a deal with Mark Cuban and Lori when they appeared on Shark Tank to pitch his product, it gained significant attention and support signified by increased sales. The business was seeking a Shark to help with inventory and marketing.
However, it is not clear from the available information whether he sealed the deal with Mark Cuban and Lori.
The product is now available for purchase on the company’s website and Amazon.
MARK CUBAN, JORDAN STERN
Ice Cream Canteen Shark Tank Net Worth
As of 2023, the company is estimated to be worth $0.5 million based on the shark tank pitch valuation. The Ice Cream Canteen was featured on Shark Tank, and Kevin O’Leary offered a deal of $100,000 for 30% equity in the company.
He later got a deal with Mark Cuban and Lori $100,00 investment exchange for a 20% equity stake and 200,000 as a line of credit.
The Ice Cream Canteen is a thermos-like container that keeps ice cream frozen for up to 4 hours and in a cooler for up to 8 hours.
It was founded by Jordan Stern in 2018 and can fit a pint of ice cream in the conventional paper pint shape. The container has an air and water-tight seal and an insulated cap to keep the contents fresh and safe.
The product has received positive reviews and is still in business with an estimated net worth of $0.5 million. The product costs $44.99 and is available in 5 different colors.
The Ice Cream Canteen and its appearance on Shark Tank Summary
| Information | Details |
| About Ice Cream Canteen | A double-walled, vacuum-insulated container that keeps a pint of ice cream frozen for hours, allowing customers to enjoy their ice cream anywhere. It can keep ice cream frozen for up to 4 hours and in a cooler for up to 8 hours. |
| Creator | Jordan Stern, who founded The Ice Cream Canteen Company in December 2018 |
| Product Colour Varieties | Coconut White, Stainless Steel, and Mint Green |
| Price | $44.99 |
| Compatibility | Fits any pint in the conventional paper pint shape and is compatible with all paper plate shapes, from 16 ounces to 14 ounces |
| Amount Asked | Jordan pitched for $100,000 in exchange for 5% equity ($2 million Ice Cream Canteen valuation) |
| Shark Tank Deals | Lori and Mark offered $100,000 in exchange for a 25% equity stake and 100,000 as a line of credit. Mark and Lori later adjusted their offer to $100,000 in exchange for a 20% equity stake and 200,000 as a line of credit. |
| Shark Tank Valuation | $0.5 million |
| Business Current Status | Business still in operation. The product is available for purchase on the company’s website and on Amazon. |
Ice Cream Canteen Shark Tank
FAQS
What Is The Capacity Of The Ice Cream Canteen?
The Ice Cream Canteen can hold a pint of ice cream in the conventional paper pint shape, which is either 16 ounces or 14 ounces. The container is designed to fit any conventional paper pint shape.
The size of the Ice Cream Canteen is 5″x5″x5″, and it weighs 1 pound. The container is equipped with a water-tight seal and an insulated cap to ensure the contents remain frozen and secure.
How Long Can The Ice Cream Canteen Keep Ice Cream Frozen?
The Ice Cream Canteen can keep ice cream frozen for up to 4 hours, depending on the type of ice cream, freezer temperature, and outside temperature. The container is made using thermos technology and is designed to keep ice cream frozen for hours.
If the container is pre-chilled beforehand, it will give better results in keeping the ice cream frozen. The container is equipped with a water-tight seal and an insulated cap to ensure the contents remain frozen and secure.
When placed in a regular cooler, ice cream remains frozen for twice as long, offering up to eight hours of insulation.
What Is The Warranty Policy For The Ice Cream Canteen
The Ice Cream Canteen comes with a 30-day money-back guarantee, and new, unused containers can be returned for a full refund. The return shipping is not covered by The Ice Cream Canteen LLC.
The product also comes with a lifetime warranty, ensuring that the purchase is protected and worry-free. The lifetime warranty covers any defects in materials or workmanship.
The exterior of the container features a powder coating and a no-slip grip, making it easy to handle and transport. The Ice Cream Canteen is equipped with a water-tight seal and an insulated cap to ensure the contents remain frozen and secure
