Atlantic Candy Company Update | Shark Tank Season 8
Florida native Jared Whetstone appeared in
Here’s what we know of so far about what happened to Atlantic Candy Company after Jared failed to secure a deal.
Shark Tank Atlantic Candy Company Update
- Entrepreneur: Jared Whetstone
- Business: Surprise toy enclosed inside a milk chocolate ball
- Ask: $1,000,000 for 10% equity
- Result: No deal
- Shark: None
Jared entered the
According to Jared, even though similar products were banned in the United States due to safety concerns, their new design could change this. After composing himself, Jared gave out samples that had tiny plastic toys inside the chocolate ball with a picture of each shark.
Jared then explained that the reason why their design is different than the banned one is that the chocolate doesn’t completely cover the egg, making it safer for children. After this, Jared broke down the numbers and revealed that the company only had two more years until its patent expired. Mark Cuban went out right after, saying that he’s not sure if Jared can handle retail and contract manufacturing. Daymond John agreed and went out as well.
On the flip side, Lori didn’t like that the patent is expiring and went out. Robert Herjavec followed suit with his concern being that Jared doesn’t seem to have a sales plan in place for the upcoming holiday season. Lastly, Kevin O’Leary bowed out, saying that the valuation was too high for the risk involved.
As you’ll soon learn in our Atlantic Candy Company update, Jared’s failure wasn’t all that bad. After leaving
The FDA-approved ToyBox chocolate uses a capsule design that encloses each toy inside organic, gluten-free, and non-GMO milk chocolate. It sells for $24 a box (12 pieces) and has quickly grown in popularity.
According to Atlantic Candy Company, ToyBox is available for purchase in Dollar General Stores, Claire’s, Walmart, Staples, and even Target. Unfortunately, we couldn’t find an estimated annual revenue for our Atlantic Candy Company update. However, we are glad to know that things worked out for Jared and his family’s business.
Before you go, be sure to check out some of the other Season 8 Episode 4 company updates:
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