Kevin says no investor is going to give her money because she isn’t making any. The previous year, she did $300,000 and made no money because she put everything back into the business. In six years, she’s done $1.5 million in sales. A large bag of 1000 tablets costs $40 to make and they sell for $115.
When Mark questions the health claims, Catherine fumbles her answer. She hands out samples and the Sharks, with the exception of Robert, don’t like the taste. Catherine is seeking $500,000 for 5% of her business. Wonderful had to ask what she was looking for an investment. Will the Sharks like algae? Posts About EnergyBits on Shark Tank BlogĪlgae-Based Food Supplement EnergyBits Company InformationĬatherine enters and immediately starts telling her story. She likely wants a Shark to help with managing growth. The product gives athletes instant energy and endurance, stops hunger, helps with weight loss, helps prevent colds and hangovers, speeds muscle recovery for athletes, reduces high blood pressure, diabetes and other illnesses. The company is expanding nationally and internationally. Algae-based foods were used by Germany to prevent mass starvation after WWI and again by the Japanese after WWII.Īrnston started the business in 2008 to create a healthy, low-calorie snack. In the early 1900’s, German scientists discovered algae had the highest concentration of protein in the world and could be used as food. All EnergyBits are 100% organic, 100% natural, 100% green, and 100% non GMO. They provide people with a high protein, high performance snack food that is 60% protein. Energy Bits are small algae tablets that you chew or swallow. Catherine Arnston hopes the Sharks like algae when she pitches EnergyBits, her algae-based nutritional supplement tablets, in Shark Tank episode 810.
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