Shark Tank Update
Shark Tank Pitch
Marz Sprays Shark Tank Update
Published:
3m
Los Angeles, CA
| Name | Marz Sprays |
|---|---|
| Main Presenters | Brandon Marz and Keith Marz |
| Presenter Image | |
| Product Image | |
| Last Known in Business | 10/1/2021 |
| Main Location | Los Angeles, CA Loading Map |
| Order Shown in Episode | 4 |
| Final Deal | Offer made from sharks |
Marz Sprays Shark Tank Pitch
Brandon Marz and his father, Keith Marz created a line of sprayable supplements called Marz Sprays, which includes sprays such as vitamin C, kids' vegetables, weight loss, and energy.
Brandon also gets the ball rolling on the beginning of many scripted T-Mobile ads to come as he used his T-Mobile phone to show the sharks a video of an advertisement that Brandon and Keith made. It's ad inception: an ad inside of an ad. I don't even know if I'm in an ad right now.
Marz Sprays did $125k in sales over nine months. They do not have a patent on the ability to spray supplements and yet want to license their spray method to Nature Made. I'm not going to pretend that makes any sense to me.
Marz Sprays has orders in Europe pending Marz Sprays getting approved to be sold there. Daymond sees it as a hassle to deal with approvals, Robert isn't into supplements, and Mark thinks it's a scam.
Kevin forces Lori to lower her equity with a competing offer after she refuses to join him. Lori agrees to a deal where Brandon and Keith can buy back her shares at 4x the valuation, therefore capping Lori's potential gains, which the other sharks find to be illogical.
Offers
| Made By | Label | Sharks Part of Deal | Summary |
|---|---|---|---|
| Company | Offered | $200k for 10% of company | |
| Sharks | Out | Daymond John | Out |
| Sharks | Out | Robert Herjavec | Out |
| Sharks | Out | Mark Cuban | Out |
| Sharks | Offered | Lori Greiner | $200k for 30% of company contingent on Nature Made deal |
| Sharks | Offered | Kevin O'Leary | $200k for 25% of company |
| Sharks | Offered | Lori Greiner | $200k for 25% of company |
| Company | Deal | Lori Greiner | $200k for 25% of company with option for Brandon to buy back 10% equity at 4x value |
| Company | Offered | Lori Greiner | $200k for 20% of company with option for Brandon to buy back 10% equity at 4x value |
Mark Cuban
Out
Daymond John
Out
Kevin O'Leary
Offered
Lori Greiner
Offered
Robert Herjavec
Out
Updates in Shark Tank Episodes
| Update Season | Update Episode |
|---|---|
| 5 | 26 |
Marz Sprays After Shark Tank
According to a 2020 Vimeo video https://vimeo.com/404497209 the deal with Lori was not exactly as it went on Shark Tank, although it appears some form of an agreement was made, and Lori was helpful early on in getting into retail.Link Preview
video
In season 5, episode 25, we got an update that Marz Sprays made $150k in sales before Shark Tank and did $4 million in sales in the year following Shark Tank. They changed the packaging and enhanced the flavor profile. Lori helped get the product into thousands of stores.
In 2015 Marz Sprays sued Walgreens and after 14 months won and got paid $521k. Brandon and Keith helped pay for protests outside Walgreens headquarters to stand up for the small companies they took advantage of.
According to labusinessjournal.com https://labusinessjournal.com/news/weekly-news/small-fish, Marz Sprays fulfilled $485k worth of contracts with Walgreens in 2014 but never got paid. After several denied requests to be paid, Marz Sprays had to cut its staff from around 24 to eight.Link Preview
labusinessjournal.com
Marz Sprays had gone from being in 10k stores to 1k due to being financially squeezed. Marz Sprays did $1 million in revenue the year they aired on Shark Tank, but in 2014 they fell back to $100k with the Walgreens hassle.
Lori wanted no part of the Walgreens controversy so she cut ties with Marz Sprays in 2015 and Brandon and Keith prevailed. They found success by focusing on online sales. Let's go, Brandon!
As of 2022 Marz Sprays' website is password protected and their socials are inactive with the latest post being from their Facebook https://www.facebook.com/marzsprays in 2021.Link Preview
Facebook
According to Brandon Marz's LinkedIn https://www.linkedin.com/in/brandon-marz-19bb8548, in 2017 he started a life settlement (something insurance-related) called LifeRoc Capital.Link Preview
LinkedIn
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