Eco Flower Update | Shark Tank Season 8

Meagan Bowman noticed a common problem in the traditional flower industry: fresh flowers tend to wilt quickly, leaving behind waste and disappointment. To tackle this, she created Eco Flower—a sustainable solution that offers long-lasting alternatives made from wood and recycled materials. Not only does this innovation keep the beauty of flowers alive, but it also helps the environment. Will the sharks recognize the potential of this eco-friendly venture? Find out in our Eco Flower update and pitch recap.

If you’re short on time, here’s a quick overview of what happened to Eco Flower after Shark Tank. 

Meagan appeared on Shark Tank Season 8 to pitch Eco Flower, seeking $400,000 for 10% equity. After her pitch, she reached an agreement for a deal with Daymond John for $400,000 for 20% equity.

In terms of an Eco Flower update, Meagan eventually left the company, which led to an internal struggle to maintain operations. Since Shark Tank, Eco Flower has gone out of business, and Meagan has established her own flower company, Sola Wood Flowers.

Shark	Result
Daymond John	Accepted offer of $400,000 for 20% equity
Robert Herjavec	No offer
Lori Greiner	No offer
Mark Cuban	No offer
Kevin O’Leary	No offer
Barbara Corcoran	No offer

Shark Tank Eco Flower Pitch

• Entrepreneur: Meagan Bowman
• Business: Scented flowers made out of recyclable materials
• Ask: $400,000 for 10% equity
• Result: $400,000 for 20% equity
• Shark: Daymond John

Meagan started her pitch to the sharks by stressing a familiar issue: fresh flowers wilt too quickly, leaving people disappointed and wanting something that lasts. 

To address this, she was looking for an investment to help grow her business and reach eco-conscious consumers.

Eco Flowers offers a creative and eco-friendly alternative to traditional floral arrangements. 

The company crafts long-lasting bouquets from sola wood, a renewable plant material, instead of using real flowers.

They also use unique items like burlap, book pages, music sheets, and pine cones.

These handcrafted flowers are designed to last indefinitely.

Infused with scents like Black Raspberry Vanilla and Japanese Cherry Blossom, they offer customers a beautiful and aromatic option that stands the test of time.

Eco Flowers actively reduces environmental impact beyond just the bouquets.

The company’s commitment to sustainability extends to its packaging, which is made from recyclable materials. 

Their products appeal to those who want to make eco-friendly choices without sacrificing style or sentiment. 

Customers can choose from various bouquet options or even customize their own. This makes Eco Flowers a standout choice for anyone who values beauty and sustainability.

Meagan has made $2.8 million in sales in just a year and a half, a figure that impressed the sharks. 

With bouquets priced around $59, daily sales ranged between $6,000 and $13,000. 

The conversation took a turn when she revealed that she owned only 25% of the business, with three investors controlling the other 75%. 

This caused Robert Herjavec and Barbara Cocoran to exit the negotiations despite revealing that she intends to buy out the current investors.

Mark Cuban was the next to pass on the deal. Although he praised Meagan for her work, he admitted it wasn’t within his area of expertise.

Lori Greiner and Kevin O’Leary also declined to invest, citing the tough competition in the market.

Daymond John offered $400,000 for 25% equity and expressed interest in buying out the other investors. 

Meagan countered with an offer of 20% equity for the same amount. After some negotiation, Daymond agreed to her terms.

Was this the best move for Meagan? Find out in our Eco Flower update.

Shark Tank Eco Flower Update

Our Eco Flower update found that the deal with Daymond John didn’t materialize due to internal management issues within the company. 

Shortly after its episode aired, one of the three original partners Meagan referenced during her Shark Tank pitch exited the company, leaving Meagan with 33% ownership. 

At the same time, a venture capital firm took control of the business. 

Under pressure from the investors, she agreed to hire a new CEO—a decision she later regretted. The new leadership led to increasing tensions within the company.

Matters worsened when a concerning incident involving drugs and an employee surfaced, prompting Meagan to make the difficult decision to leave the company. 

Without her leadership, our Eco Flower update found that the venture capital firm struggled to manage the business. This led to a flood of negative reviews and customer complaints.

Eventually, Eco Flower went out of business in April 2018.

Our research into the Eco Flower update found that Meagan went on to launch Sola Wood Flowers, a similar venture that has thrived since its inception. 

At the time of writing, Sola Wood Flowers had grown into a successful business, generating $5 million in annual revenue. 

While this will be our final Eco Flower update, we are glad that things worked out well for Meagan in the end.

For more company updates from Shark Tank Season 8 Episode 7, be sure to check out the links below:

• The Style Club Update
• Safe Catch Tuna Update
• Besomebody App Update

Before you go, check out our Shark Tank Season 8 page for more updates.