Jackson’s Honest is a company that was inspired by the founder’s oldest child, Jackson. He has many health issues including GI problems. His parents, Megan and Scott Reamer, developed a healthy fat-based coconut oil made from tortilla sweet potato chips. These chips have helped Jackson, and the Reamers want them to help others too. What do the sharks think about these snack items? Let’s find out in this Jackson’s Honest update.
Shark Tank Jackson’s Honest Update
- Entrepreneur: Scott and Megan Reamer
- Business: Sweet potato chips cooked in coconut oil
- Ask: $1.250,000 for 5% equity
- Result: $1,250,000 for 15% equity
- Shark: Rohan Oza
Things started out great in the tank as all the sharks loved the product and mission, especially Robert Herjavec. He related to this on a personal note and the room got a little emotional. Despite their love for the company, the sharks had one big problem with the business. It wasn’t profitable yet.
Robert dropped out as he felt the investment was too risky. Lori Grenier stated she buys baked chips, so this wasn’t a product for her. Mark Cuban didn’t see a way to get his investment back quick enough, so he dropped out.
Barbara Corcoran loved the passion, but she felt the grocery space was not something she wanted to invest in. Guest shark, Rohan Oza, gave an offer of $1,250,000 to 20% equity. He thought what he could bring to the table made his offer worth it. Scott countered with $1,250,000 for 7.5%. Rohan came back with $1,250,000 for 17.5%.
Scott re-countered at $1,250,000 for 10%. Rohan gave his final offer of $1,250,000 for 15%. The Reamers took that offer and made a deal with Rohan.
If you are looking for a Jackson’s Honest update, you will need to look for Jackson’s as Honest was dropped from the name. They changed the packaging as well and are focusing on their line of sweet potato chips. Currently, they are reporting annual revenue of over $6,000,000.
You can purchase Jackson’s sweet potato chips on their website in several different flavors and sizes. Flavors include Carolina BBQ, Sea Salt, Spicy Tomatillo, and Unsalted. You can purchase them cooked in coconut oil or avocado oil. You may be able to find the chips at Wal-Mart or other grocery stores in your area.
You can find the other company updates from Season 9 Episode 2 here:
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