The Ice Cream Canteen Shark Tank Update

The Ice Cream Canteen Shark Tank Pitch

Jordan Stern appeared on Shark Tank Season 14, Episode 18, which aired on March 31, 2023, with The Ice Cream Canteen is the world's first double walled vacuum insulated container for the pint of ice cream, so you can keep your ice cream cold and enjoy ice cream anywhere!.

The Ice Cream Canteen is listed in the Lifestyle Home category. In plain terms, the business is described as The Ice Cream Canteen is the world's first double walled vacuum insulated container for the pint of ice cream, so you can keep your ice cream cold and enjoy ice cream anywhere!.

The Ice Cream Canteen asked the Sharks for $100,000 for 5%, implying a valuation of about $2 million.

On the show, The Ice Cream Canteen made a listed deal with Lori Greiner and Mark Cuban for $100,000 for 20% + $100,000 line of credit.

If treated as straight equity, the listed deal works out to about $500,000 implied valuation, down from the original $2 million implied valuation.

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

The Ice Cream Canteen After Shark Tank

The Ice Cream Canteen accepted an on-air Shark Tank deal for $100,000 for 20% + $100,000 line of credit, and later update coverage says the deal closed. (The Ice Cream Canteen Shark Tank Update

By July, 2024, The Ice Cream Canteen was reported at about $1.8 million in annual revenue. (The Ice Cream Canteen Shark Tank Update

the founder also offers paper pint inserts for pints that don't fit the canteen properly. (The Ice Cream Canteen Shark Tank Update

The Ice Cream Canteen remains active online through theicecreamcanteen.com, where customers can find the current product line. (The Ice Cream Canteen website

Sources

Sources used for this page: Shark Tank API pitches