Earthrise Nutritional’s: – It has been the leader of nutritional supplements brands since 1976.IQ Formulations: – It is the most highly and quickly growing health and nutritional supplements company in the US.Competitors of Energybits:ĮnergyBits competitors include IQ Formulations and Earthrise Nutritionals. Further the company introduced two more segments of their algae products named as 1.Revenue of the company increased to $4 Million after the show.It sold a bag of 1000 tablets at $115 that cost $40 to manufacture.It generates $300,000 in sales before the show.Before Shark-Tank shows the company generates $1.8 M in sales by selling their products online for over six years.The company continues its operation in the health sector and maintains its website’s traffic as by posing Health Blogs they sell their supplement throughout the country as the Show, gives him better popularity. What happened to Energybits after Shark-Tank? Sharks found that Catherine overvalued their company’s valuation and backed himself and they all dropped out and She left without a deal. As they represent his business as far more valuation as it’s not actually. The sharks are interested in his business and want to invest, but the valuation of the company is far more, sharks try to give them a counter offer but Catharine didn’t accept it. They give the sample of their products to all sharks and explain about her product line, all of the sharks disliked the taste of the product but they found the product useful, they sell a bag of 1,000 tablets that they sold at $115, based on her past six years’ performance she is able to get a sale of $1.8 Million. The founder tries to pitch the deal but they can’t get a deal because they asked for $500,000 for 5% equity in her Business. Additionally, it contains electrolytes and contains other things same as EnergyBits. “RecoveryBits” are another product from Catharine that was introduced as recovery fuel immune builder, contains Chlorella and Algae that reduces muscle pain, speeds recovery from injury surgery and prevents cold supports anti-aging and removes toxins.It contains 40 nutrients, 64% of protein, sustainable and sugar-free, soy-free, dairy-free, gluten-free, caffeine-free tablets. “EnergyBits” is introduced as an energy supplement that is NON-GMO organic fuel food based on Berlina and Algae that satisfies hunger and improves your focus and increases your energy level. They introduced her to two products named as 1. She researched it and found that it contains 64% protein, along with 40 nutrients also approved by NASA and UN as the most nutritious food in the world. Catharine found that a rich source of alkaline was found in the algae plants that are also very rich in nutritional values of the world and have been used in Asia for decades. Her sister was diagnosed with breast cancer and advised to take alkaline-based diets. The idea to develop algae-based nutritional supplements came from her sister’s health diseases.
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