Best friends Kevin Klein and Josh Green pitched their canned wine during the season premiere of
If you’re short on time, here’s a quick overview of what happened to PIE Wine after
Kevin Klein and Josh Green appeared on
|Mark Cuban||No offer|
|Daymond John||No offer|
|Lori Greiner||No offer|
|Candace Nelson||No offer|
|Kevin O’Leary||No offer|
Shark Tank PIE Wine Update
- Entrepreneurs: Kevin Klein and Josh Green
- Business: Canned sweet wine, that pairs with pizza
- Ask: $200,000 for 7.5% equity
- Result: No deal
- Shark: None
Josh and Kevin launched into an amusing, and rather entertaining pitch, to introduce their canned wine brand, PIE Wine. They say Italians have known for generations, that pizza goes best with a sweet and slightly bubbly wine, known as Lambrusco.
This is why their company tagline is “Born in Italy, Perfected in California”. To prove this, they present the sharks with some pizza, and PIE Wine samples.
The company launched just two weeks prior to filming. That said, they have distribution in 8 states, and additionally they already have distributor commitments for between $300,000-$400,000.
They’re also in talks with distributors in 18 other states. In terms of sales, they’re expecting to bring in over $500,000 in the next 30 days, and they’re also projecting to hit $1.5 million by the end of the year.
When asked if they are invested in PIE Wine full-time, Kevin shares that he’s a morning radio host on K-Rock in Los Angeles. Josh has a background in investment banking and runs one of the largest computer gaming companies in the country.
While they do have other jobs, they are 100% invested in making PIE Wine successful. Between the two partners, they’ve invested over $300,000 into the company.
We’ve partnered with six companies to put together a Shark Tank Stocking Stuffer Box that’s worth $100! Here’s everything that’s in the box:
- Sheets Laundry Club Travel Packs x2
- Honey Bee Bars - 12 Pack
- Snactiv Finger Chopsticks
- FryAway Cooking Oil Solidifier
- Pizza Pack
- Nature’s Wild Berry Sampler Pack
Each can cost $1.50 to produce, but they’re hoping to get that down to $1.25 as they’re able to manage higher production. Further, they plan to sell each can to distributors for $3.25.
Kevin O’Leary loves the product and says the good news is that the market is expanding for sparkling wines. However, he’s currently launching his own line, so for that reason, he’s out.
Mark Cuban agrees that the product is great, but unfortunately, he has BeatBox Beverages, so this would be a conflict of interest. He is also out.
Daymond John says he’s unsure of how he could add any value.
Just then, Josh speaks up and makes an offer to all of the sharks, that if they don’t like the deal, the partners will buy them out after 1 year.
While this is honorable, as Daymond says, there are just too many competitors, sharks included. So for that reason, he is also out.
Lori Greiner says it’s too early for her to invest. She is the next shark out.
Guest shark, and Sprinkles Cupcakes founder, Candace Nelson, thinks the product and branding are fun. However, it’s a little too niche for her.
Before she has a chance to go out, Kevin tells her that he proposed to his wife with a ring inside of a Sprinkles cupcake. Although Candace loves this story, she says it’s just not the right investment for her, and she is out.
With that, Kevin and Josh are forced to exit the
Keep reading our PIE Wine update to find out!
In terms of a PIE Wine update, there still isn’t much available about sales for this company or if the products have made it into retailers.
The good news is that the PIE Wine website has the beverages available to purchase. The bad news is that there may be a delay in shipping because, at the time of this writing, they appear to be for pre-sale orders.
They offer three options; Red, Sweet Za, and Crisp White, available in 4 packs for $20, and 12 packs for $60. They also sell merchandise for the die-hard PIE Wine fans.
As more information about a PIE Wine update becomes available, we’ll be sure to let you know!
In the meantime, check our other company updates from
For even more on companies and products, be sure to stop by our Season 15 Products Page!
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!