Bee Free Honee Shark Tank Update

Bee Free Honee Shark Tank Pitch

Melissa Elms and Katie Sanchez appeared on Shark Tank Season 7, Episode 17, which aired on February 11, 2016, with 100% plant-based, sustainably produced honey alternative.

Bee Free Honee is listed in the Food Beverage category. In plain terms, the business is described as 100% plant-based, sustainably produced honey alternative.

Bee Free Honee asked the Sharks for $100,000 for 10%, implying a valuation of about $1 million.

On the show, Bee Free Honee made a listed deal with Mark Cuban and Barbara Corcoran for $210,000 for 30%.

If treated as straight equity, the listed deal works out to about $700,000 implied valuation, down from the original $1 million implied valuation.

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

Bee Free Honee After Shark Tank

Bee Free Honee accepted an on-air Shark Tank deal for $210,000 for 30%. The business later shut down in 2019. (Bee Free Honee Shark Tank Update

Products from Bee Free Honee are available in Natural Grocers, Wegmans, Fred Meyer, Whole Foods Market, Sprouts Farmers Markets, and Brookshire's, as well as numerous privately-owned stores. (Bee Free Honee Shark Tank Update

Coming out of the Tank with a three-way Shark deal is an impressive accomplishment in itself, and the Bee Free Honey entrepreneurs aren't wasting the opportunity. (Bee Free Honee Shark Tank Update

By June of 2016, they were hiring additional staff and expanding their contract manufacturing agreement. (Bee Free Honee Shark Tank Update

By mid-July 2016, they hoped to expand their production capacity by 600%. (Bee Free Honee Shark Tank Update

Sources

Sources used for this page: Shark Tank API pitches