Mark Cuban, a venture capitalist from popular television show Shark Tank, recently invested $250,000 USD in Snacklins -- a DC-based vegan pork rind company. Cuban successfully negotiated a 5-percent stake plus 5 percent in advisory sales with Snacklins.
Snakclins aims to bring in over 4$ million in sales this year from the sale of its low-calorie chips that are made using yuca (egan prok rinds) and mushrooms. "We’ve grown 10-fold in the past year, selling in about 850 stores nationwide. We started off in about 36 stores a year and a half ago,” Kobrosly told the Sharks. “From mom-and-pops, to national chains such as Whole Foods, Walmart, and 7-Eleven.”
We can expect to see more investments in vegan companies as the demand for plant-based foods grows.
Mark Cuban from Shark Tank Invested $250K in a Vegan Pork Rind Company
Grace Mahas — October 24, 2019 — Business