What Happened to Jackson’s Honest after Shark Tank?
What is Jackson’s Honest?
Jackson’s Honest is a well-known chip company noted for providing healthier alternatives to market favorites. There are now three flavors available: Sweet Potato Chips, Purple Heirloom Potato Chips, and Japanese Heirloom Sweet Potato Chips. All of their goods are gluten-free and nut-free.
Aside from employing more nutritious potato varieties, the company’s chips are cooked at a low temperature for a prolonged period of time to retain the molecular integrity of the coconut oil.
This not only results in a more flavorful chip, but it also helps to avoid potentially severe oxidative damage.
Jackson’s Honest was created by Megan and Scott Reamer. Megan earned a B.A. in English Language and Literature from Lafayette College before working as a Business Developer for Dow Jones for two years and Accenture for six years.
Scott graduated from Lafayette College with a bachelor’s degree in chemical engineering and went on to work in a number of high-profile investment banking roles.
Megan and Scott’s collaboration was motivated by the nutritious results they obtained at home. After their son, Jackson, was diagnosed with a rare autoimmune disease, they began experimenting with various diets and nutritional choices in an attempt to ameliorate his symptoms.
Who is the founder of Jackson’s Honest?
Jackson’s Honest was founded by Megan and Scott Reamer. They tried a number of tactics and discovered that nothing helped until they followed a strict anti-inflammatory, low carb, high fat diet.
After some trial and error, they were even able to create their favorite snack food, chips, in a way that was compatible with their health requirements.
They felt compelled to distribute these chips after making them, so they formed their company. Jackson died in 2017 as a consequence of complications from his rare disease.
Jackson’s Honest uses non-GMO potatoes, organic corn, authentic sea salt from the historic sea bed of Central Utah, and coconut oil. That’s it.
They developed a unique method of frying in coconut oil that retains all of the nutritional benefits of both the coconut oil and the potatoes and corn. Sea salt also includes over 60 trace minerals. These are perhaps the healthiest chips on the market.
Barbeque, purple heirloom, red heirloom, sea salt, sea salt and vinegar, and sweet potato are just a few of the variations offered.
The tortillas come in blue corn, yellow corn, sprouting red corn, maple cinnamon, lime and sea salt, and salsa Fresca flavors. According to the website, the chips cost $23.94 for six 5 ounce bags and the tortillas cost $44.94 for nine 10 ounce bags.
They also sell their goods in Whole Foods, Publix, Wegmans, Earth Fare, Heinen’s, and a number of other big and local retailers.
What Happened to Jackson’s Honest at Shark Tank pitch?
In Shark Tank episode 904, Megan and Scott Reamer are seeking for a Shark to invest in Jackson’s Honest, their all-natural potato and tortilla chips. They’re seeking for a Shark to help them with distribution.
Megan and Scott appeared on Shark Tank in seeking of $1.25 million in return for a 5% stake in their chip company, which valued at $25 million.
They tell their story and then give the Sharks samples. The Sharks become interested in them and begin nibbling on them.
Rohan was curious as to how they got at a $25 million estimate after some back-and-forth concerning the couple’s history.
The company made $10.1 million in revenue in 2016. Even with such statistics, they were unviable due to the expenses of shelf space.
They claim that they will be profitable in 2018. The couple raised $3 million from family and friends and now controls more than two-thirds of the company. Their sales ranged from $13 to $14 million.
The first Shark to speak out was Robert, who stated that it was too risky for him. Lori adores baked chips, but she is now unavailable. Mark exits since he does not feel the margins were rising.
Barbara claims that supermarket stores “consume companies alive,” and she exits. Rohan offers $1.25 million for 20% ownership, and after much haggling, they settle on $1.25 million for 15% equity and leave the pitch with the deal.
What Happened to Jackson’s Honest After Shark Tank?
The deal with Rohan was finished. Unfortunately, their son Jackson died three months before their episode aired. “His legacy will carry on via the business he founded,” his father said. “And that is the most potent balm that can be applied to our broken hearts.”
Jackson’s the Super Snack launched as Jackson’s and introduced grain-free puffs in 2018. They also imported Japanese heritage sweet potato chips.
In 2019, they began delivering to food service firms. They were in every Whole Foods shop by January 2021, and the firm earns more than $6 million each year.
Competitors of Jackson’s Honest
Jackson’s Honest competes with Heinz and Lay’s potato chip brands.
Net Worth of Jackson’s Honest
During the pitch, the firm was valued at $25 million; following Rohan’s investment, the company is worth $8.3 million.
Jackson’s Honest FAQs
What is Jackson’s Honest?
Jackson’s Honest is a potato chip and tortilla chip manufacturer based in the United States. Megan and Scott Reamer, a married pair, started it.
Who is the founder?
Scott Reamer is the founder of Jackson’s Honest. Scott and her wife co-founded the firm.
How much were they seeking on Shark Tank?
They were seeking for $1.25 million from the Sharks in exchange for a 5% stake of their company.
How much did they get?
Rohan Oza gave them $1.25 million in exchange for a 15% share in the firm.
Is Jackson’s Honest still in operation?
Yes, the firm is still in operation as of January 2022, with yearly revenue of $6 million.
Where can I get a hold of Jackson’s Honest?
They may be found in Walmart, Whole Foods, Publix, Meijer, Wegmans, and other big supermarkets. They are also available on Amazon and GetYourChips.com.
Do you solely produce sweet potato chips?
They certainly do! Sweet potatoes are abundant in beta-carotene, a provitamin that converts to Vitamin A.
(In terms of beta-carotene content, even carrots pale in comparison to sweet potatoes!) Approximately 13 Jackson’s sweet potato chips contain 90% of the daily recommended dosage of this important vitamin. Don’t forget to take your vitamins today!
What makes avocado and coconut oil better cooking oils?
All of their chips are made using traditional avocado or coconut oil, which has several health benefits, including antioxidant and anti-inflammatory properties.
In contrast to vegetable or canola oils, ancestral oils like avocado and coconut have been existing for thousands of years and are not produced. They prefer to think of themselves as health’s unsung heroes!
What health benefits may heritage sweet potatoes offer?
Studies have shown that their non-GMO heritage sweet potatoes can help prevent and treat diabetes, heart disease, obesity, and even cancer. What a powerhouse of a meal!
Why don’t you use organic potatoes?
Jackson’s uses Non-GMO certified potatoes, which have undergone comprehensive testing and certification. As a result, Jackson’s sources and harvests sweet potatoes solely from non-GMO farmer partners.
Are your goods vegetarian or vegan, gluten-free, Paleo, peanut-free, or kosher?
Yes! Their whole product range is vegan, gluten-free, paleo, peanut-free, and kosher. As a result, Snack Super!
Why do you cook your chips for such a long time on a low heat?
Traditionally, potato chips are manufactured using a rapid, high-heat frying procedure. As a result, potentially dangerous free radicals are released into the oil, which is then absorbed by the body.
They retain the stability and purity of the healthy fats in the oil by frying the chips slowly and gently. That means no harmful free radicals and a delicious flavor and texture!
Who is the company’s CEO?
Jackson’s Honest’s CEO and co-founder is Scott Reamer. Megan is the Chief Executive Officer of J.A. & S. Reamer, and she is an ardent supporter and caregiver of her family’s business, which she now operates on her own!