Megan and Scott claimed that they would achieve profitability in 2018. In 2016, the company generated $10.1 million in revenue, but the costs associated with shelf space made it challenging to be profitable. One of the Sharks, Rohan, questioned how they arrived at a $25 million valuation after some debate about their history. The Sharks were interested and started tasting the chips. They were looking for $1.25 million in exchange for a 5% stake in their company, which they valued at $25 million.ĭuring their pitch, Megan and Scott shared their story and provided samples of their chips to the Sharks. Megan and Scott Reamer appeared on Shark Tank’s 904th episode seeking a Shark to invest in their all-natural potato and tortilla chip company, Jackson’s Honest, to help expand their distribution. What Happened To Jackson’s Honest At Shark Tank Pitch? Jackson’s Honest products are available in numerous major and local stores such as Whole Foods, Publix, Wegmans, Earth Fare, and Heinen’s. On their website, six 5-ounce bags of chips cost $23.94, while nine 10-ounce bags of tortillas cost $44.94. They also offer tortillas in flavors like blue corn, yellow corn, sprouting red corn, maple cinnamon, lime and sea salt, and salsa fresca. They offer various flavors of chips, including sea salt, barbecue, purple heirloom, red heirloom, sea salt and vinegar, and sweet potato. Their chips are considered to be some of the healthiest on the market due to the inclusion of sea salt, which contains almost 60 trace minerals. Their patented frying process preserves the nutritional benefits of these ingredients. Jackson’s Honest only uses non-GMO potatoes, organic corn, authentic sea salt sourced from an old sea bed in Central Utah, and coconut oil in their products. Despite this tragedy, Jackson’s Honest continues to operate and produce healthy snacks for consumers. Unfortunately, Jackson Reamer, the son who inspired the creation of the company due to his illness, passed away just a few months after the taping of their Shark Tank episode. However, the net worth of Jackson’s Honest as of 2023 appears to be unknown.Īfter securing the deal with Rohan Oza, Jackson’s Honest continued to expand its business. As of 2022, the founders’ net worth is estimated to be $23.4 million USD. This valued the business at over $8 million.Īccording to, Jackson’s Honest had a net worth of $25 million before appearing on Shark Tank. Jackson’s Honest appeared on Shark Tank in October 2017, where they secured a $1.25 million investment from guest shark Rohan Oza for a 15% stake in the company. Psi Bands Shark Tank Update | Psi Bands after Shark Tank.Why do you boil your chips on low heat for an extended period of time?.Are your products vegetarian or vegan, Gluten-free, Paleo-friendly, Peanut-free, or Kosher?.Why are you not using organic potatoes?.What health advantages can heirloom sweet potatoes provide?.
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