Pricklee Shark Tank Update

Pricklee Shark Tank Pitch

Kun Yang and Mohammed Hassoun appeared on Shark Tank Season 13, Episode 22, which aired on May 6, 2022, with Refreshing drink made from pricklee pear cactus water..

Pricklee is listed in the Food Beverage category. In plain terms, the business is described as Refreshing drink made from pricklee pear cactus water..

Pricklee asked the Sharks for $200,000 for 5%, implying a valuation of about $4 million.

On the show, Pricklee made a listed deal with Barbara Corcoran for $200,000 line of credit for 5%.

If treated as straight equity, the listed deal works out to about $4 million implied valuation, roughly the same implied valuation as the ask.

This pitch is included as context for the more important question: what happened after Shark Tank.

Pricklee After Shark Tank

Pricklee accepted Barbara Corcoran's on-air offer, but later follow-up coverage indicated that the deal did not close. (Pricklee Shark Tank Update - How Grandma’s Recipe Became a Brand

The cactus-water brand still had the benefit of Barbara's public interest and Shark Tank exposure, even without a finalized investment. (Pricklee Shark Tank Update - How Grandma’s Recipe Became a Brand

Pricklee kept selling as a functional beverage brand, though public follow-up detail is thinner than for the season's larger retail breakouts. (Pricklee Shark Tank Update - How Grandma’s Recipe Became a Brand

Sources

Sources used for this page: Shark Tank API pitches