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Blake Mycoskie joined long time Sharks Daymond John, Mark Cuban, Lori Greiner, and Kevin O’Leary in the Shark tank to listen to investment proposals from four businesses hoping to financially and strategically partner with a Shark. Of the four businesses in the Shark Tank, three left with partnership arrangements with the Sharks.

Pan’s Mushroom Jerky Catches the Attention of Several Sharks

Michael Pan has reimagined jerky in a way that has vegetarians across the country cheering. Pan’s mushroom jerky immediately caught the attention of several Sharks due to its incredible flavor and health benefits. Full of fiber and Vitamin D, this snack is truly packed with flavor and nutrients without containing any meat. Because he is concerned with competition in the market, Michael is seeking a partner willing to help him accelerate his growth as well as an investment of $300,000 in exchange for 10% equity in his company, Pan’s.

After tasting Michael’s product, the Sharks were truly amazed that there was no meat in the product. Made from shiitake mushrooms and a few additional simple ingredients, the Sharks fell in love with the taste and flavors of Pan’s mushroom jerky. Blake Mycoskie and Lori Greiner partnered together to extend an offer to Michael, however, Mark Cuban swooped in at the last minute with an offer. After quickly negotiating with Mark, Michael accepted his offer of $300,000 in exchange for 18% equity which surprised all of the Sharks.

K9 Mask Gets a Last Minute Offer

Cousins, Evan Daughtery, and Kirby Holmes, from Austin, TX came to the Shark Tank seeking a $200,000 investment in exchange for 20% equity in their company, K9 Mask. With air quality concerns on the rise with situations such as wildfires, pollution and algae blooms in coastal towns, K9 Mask offers 4 different sizes of masks for dogs. These specially designed masks combine N95 filters with activated carbon to help filter out contaminants for our pets.

The Sharks were initially pretty critical of K9 Mask’s product stating that they didn’t believe their sales justify that there is a strong enough market for masks for dogs. Just when it looked like Kirby and Evan would not be getting a deal with the Sharks, Daymond John decided to throw in a surprise offer. He agreed to invest $200,000 in exchange for 40% equity in K9 Mask. This allows Evan and Kirby to still remain majority partners in the business.

Moment Leaves The Shark Tank Without a Deal

Exhaustion and burn out is a very common occurrence in our lives today. Many consumers are working multiple jobs and juggling a variety of priorities which can leave them feeling run down and tired. Aisha Chottani and Faheem Kajee have developed an all-natural beverage that helps to relieve stress and anxiety. Marketed as a product that lets you drink your meditation, Moment contains three main ingredients that help to improve focus, instill a sense of calm, and melt away stress.

Seeking $200,000 in exchange for 10% equity in Moment, Aisha and Faheem are hoping to partner with a Shark that is willing to help them achieve a subscription-based model in the beverage industry. The Sharks are very concerned about the feasibility of this as the beverage market is incredibly hard to break into. Aside from the competitive nature of the industry, they are also concerned that a subscription model has never been successful in the beverage market and there is a high probability that they would not recoup their investment. The Shark’s declined to invest in Moment.

Prime 6 Receives Multiple Offers From The Sharks

Oron and Riki Franco came to the Shark Tank to showcase their cleaner. more eco-friendly charcoal. Made from compressed sawdust that has been carbonized and formed into a hexagon shape, Prime 6 burns longer and hotter than traditional charcoal. It also can be relit and used multiple times. Because their product is self-consuming, there is very little ash left over after fully burning Prime 6. The Franco’s have applied for patents and are already in retail stores, but they are looking for a partner that can help them grow their direct-to-consumer market since retail is unreliable in these times plagued by Covid-19.

Prime 6 is looking for a monetary investment of $200,000 in exchange for 10% equity in their company. Although the Sharks are impressed with the product and the success that Prime 6 is already seeing, several Sharks have conflicts of interest due to competitive companies making it difficult for them to partner with Prime 6. Daymond John and Kevin O’Leary both make competitive, identical offers to Oron and Riki. They accept Kevin’s offer of $200,000 in exchange for 25% equity.

Which of the businesses on this episode of Shark Tank was your favorite? If you were a Shark, which of these companies would you have been willing to invest in? Are there any investment decisions that you did not agree with? Start the conversation below!

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