Native of Philadelphia, Jared Cannon, got here to the Shark Tank in hopes of saving his enterprise, Merely Good Jars. After pivoting to vary his enterprise mannequin to accommodate life in a pandemic, Jared realizes that he’ll relinquish possession of his enterprise (of which he at present owns 51%) by partnering with a shark. He believes the worth a shark would deliver to his enterprise could be invaluable and he is able to take that leap. In search of a $ 500,000 funding in return for a 7% stake in Merely Good Jars, Jared hopes to discover a strategic enterprise accomplice who may also help him develop into his new cloud kitchen mannequin and reinvent its advertising and marketing program.

Who is able to seize and strike a take care of this chief entrepreneur? #Shark aquarium

– Shark Tank (@ABCSharkTank) March 6, 2021

Merely Good Jars redesigns prepackaged salads and capitalizes on a well-liked pattern. Their culinary creation salad in a jar provides a easy and wholesome meal on the go. The scrumptious, contemporary taste paired with a nine-day shelf life instantly catches the eye of sharks. When gross sales, it was clear that Merely Good Jars, like different corporations, had skilled a steep decline in 2020. On the time, their enterprise mannequin was centered on aand good coolers in locations the place there was a captive viewers with restricted entry to many eating choices reminiscent of inns, airports, workplace buildings, and so forth. enterprise. They shortly pivoted to retail, primarily grocery shops and C shops, as salad bars disappeared in a single day as effectively, these corporations have been very prepared to strive Merely Good Jars. In addition they moved to Cloud Kitchens.

Whereas the Sharks are involved that Merely Good Jars has no less than 12 different buyers, is just not but worthwhile, and has misplaced cash prior to now two years, they love the product and wish to spend money on the enterprise. Kevin O’Leary was the primary to make a suggestion, however he shortly teamed up with Lori Greiner to make a collective provide to Jared. As a result of Kevin has had nice success with Plated and is aware of the logistics to make Merely Good Jars a nationwide success, he needed to accomplice with Lori Greiner to assist from a advertising and marketing and branding perspective. . Their provide concerned a mortgage slightly than an funding and would at all times give a share of fairness between the Sharks. Mark Cuban additionally needed to accomplice with Lori and collectively provided precisely what Jared was asking for, $ 500,000 for 7% fairness. Jared accepted Mark and Lori’s provide.

These salads are superb. And with good packaging to match! #SimplyGoodJars @ABCSharkTank #Shark aquarium

– Barbara Corcoran (@BarbaraCorcoran) March 6, 2021

Love phrase video games @BarbaraCorcoran – please calm romaine;) https://t.co/lP6O1obNrX

– Robert Herjavec (@robertherjavec) March 6, 2021

Will any of those sharks chunk?#SimplyGoodJars @ABCSharkTank #Shark aquarium

– Barbara Corcoran (@BarbaraCorcoran) March 6, 2021

When you have been a shark, would you’ve got invested in Merely Good Jars? Do you assume Jared made the appropriate resolution to accomplice with Mark and Lori slightly than Kevin and Lori? Which sharks would you wish to accomplice with? Begin the dialog within the feedback under!