BeeSweet Lemonade Shark Tank Update

BeeSweet Lemonade Shark Tank Pitch

Mikaila Ulmer and Theo Ulmer appeared on Shark Tank Season 6, Episode 23, which aired on March 20, 2015, with flaxseed lemonade made with locally sourced honey.

BeeSweet Lemonade is listed in the Food Beverage category. In plain terms, the business is described as flaxseed lemonade made with locally sourced honey.

BeeSweet Lemonade asked the Sharks for $60,000 for 10%, implying a valuation of about $600,000.

On the show, BeeSweet Lemonade made a listed deal with Daymond John for $60,000 for 25%.

If treated as straight equity, the listed deal works out to about $240,000 implied valuation, down from the original $600,000 implied valuation.

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

BeeSweet Lemonade After Shark Tank

BeeSweet Lemonade accepted an on-air Shark Tank deal for $60,000 for 25%. Follow-up reporting lists the company as still operating after its Shark Tank appearance. (Bee Sweet Lemonade Shark Tank Update

Mikaila scored an $11 million distribution deal with Whole Foods which started stocking the product in 55 stores, Daymond helped design and license a "Start Your Own Lemonade Stand" kit with tips from Mikaila. The founder gets an update segment in episode 1206 in season 12 where a now very grown up Mikaila updates the Sharks on her business and rebranding to Me and the Bees. (Bee Sweet Lemonade Shark Tank Update

The official website for BeeSweet Lemonade is listed as www.meandthebees.com. (BeeSweet Lemonade website

Sources

Sources used for this page: Shark Tank API pitches