Millions of Americans are unable to swallow pills. That’s why father and son duo Brandon and Keith Marz have created an alternate way of getting vitamins. Will they earn a deal on
Shark Tank Marz Sprays Update
- Entrepreneurs: Brandon and Keith Marz
- Business: Vitamin and supplement sprays
- Ask: $200,000 for 10% equity
- Result: $200,000 for 25% equity, with the option to buy back 12.5% equity for $800,000
- Shark: Lori Greiner
Brandon and Keith created Marz Sprays, a line of vitamin sprays. The line includes options like a vitamin C spray, a sleep aid, and a spray encouraging healthy weight.
The sharks were initially unimpressed with the lack of sales, but they perked up big time when Keith revealed that Nature Made had expressed interest in a licensing deal.
In addition, they had five pending POs worth over $1 million each, but they would not go through until the product was approved by the seven different European countries they were ordered from.
Daymond John didn’t want to deal with European approval wait times, so he went out. Robert Herjavec was next to leave, stating that he wasn’t much into vitamins.
Mark Cuban dropped out next, while Lori made an offer of $200,000, for 30% equity contingent on their licensing deal with Nature Made actually going through.
Kevin O’Leary asked Lori if she would partner up with an offer of $250,000 for 40%, but Lori said no. Insulted, Kevin dropped his offer and made it $200,000 for 25%, forcing Lori to match if she wanted to stay competitive.
At this juncture, Brandon asked Lori if she would allow them a redemption option, allowing them to purchase back half of the equity, or 12.5%, in exchange for three times her original investment.
Lori quickly countered and asked for four times the investment, meaning they’d have to pay $800,000 if they wanted to buy back the 12.5%.
Brandon made one more counter, asking Lori if she would consider 20% equity, but she said no. Before losing the deal completely, Brandon and Keith finally agreed to the deal with Lori.
What happened next? Keep reading our Marz Sprays update to find out!
Research for our Marz Sprays update reveals that the deal with Lori did not close, but despite this, the product sold over $1 million after the episode aired.
In 2014, Walgreens, a large account for them, was failing to pay invoices, owing them an estimate $500,000. Mark Sprays sued them and won.
At the time of writing, it’s unclear if Marz Sprays is still in business. The website has been down for a few months and it’s unclear if it will ever come back online.
When we get more info on a Marz Sprays update, we will be sure to let you know.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!