What Happened to Jada Spices After the Shark Tank Pitch?
What is Jada Spices?
Jada Spices Chicken Salt is a product and nutrition company that develops healthy, vegan replacements for common culinary spices.
All of the company’s products are healthy and vegan, but they are also GMO-free and Kosher certified.
The current product line includes five variations of their well-known Chicken Salt, Turmeric Salt, Plant-Based Porkless Mix, Plant-Based Chick’n Mix, and Plant-Based Mediterranean Chick’n Mix.
Who Founded Jada Spices?
Khasha Touloei and Maynard Okereke established Jada Spices.
Khasha Touloei founded Jada Spices Chicken Salt. Before establishing the organization, Khasha was focused on his studies to become a medical doctor.
He earned his doctorate in dermatology in 2012 after graduating from the College of Osteopathic Medicine of the Pacific in Pomona, California.
The struggles of a medical student inspired the creation of Jada Spices Chicken Salt.
During his D.O. investigations, Khasha observed that patients with high blood pressure and type 2 diabetes were commonly disobedient to dietary changes.
He thought that people’s resistance to change was mainly related to taste and flavour. He wondered whether if healthier meals could be made more appealing, people, primarily the medically frail, would be more ready to consume them.
This led to the development of Jada Spices Chicken Salt and, later, plant-based vegan mixtures. Khasha’s mission was to make healthy cooking more effortless, more enjoyable, and, in the end, more accessible.
What Happened to Jada Spices at the Shark Tank Pitch?
Khasha and Maynard made an offer of $250,000 for a 20% share in the firm. This indicates that the firm is worth $1.25 million.
They tell their story, hand out samples, and begin answering questions.
When the Sharks taste the various spices on various cuisines, they appreciate the flavour.
Plant-Based Chick’n Mix, the newest product, has astonished them.
Using a simple mix, you can make vegan, chicken-flavored burgers and nuggets at home.
Each chicken salt flavour costs around $0.80 to produce and sells for $8.99 on Amazon and $4.99 in stores.
Despite massive margins and a compelling offer, most sharks were hesitant to enter the food and spices business.
While some Sharks appreciate the flavour, others are skeptical.
Mark was apprehensive about entering the food and spices sector.
Kevin is concerned that they are not adequately focused and lack a clear path forward.
Lori also feels they aren’t quite ready to be an investible corporation yet.
On the other hand, Barbara Corcoran has comparable experience as Jada Spices in starting and expanding enterprises. She offers to invest $250,000 in exchange for a 33 percent ownership stake.
What Happened to Jada Spices After the Shark Tank Pitch?
Barbara’s contract appears to have expired as of July 2021.
The company’s name was changed to Jada Brands due to the inclusion of various more items on its menu.
They supplemented the vegan chicken with Mediterranean Chicken and a fake pork product.
The yearly revenue of the corporation is $4 million.
What is the Net Worth of Jada Spices?
In 2021, Jada Spices’ net worth was expected to be $1.2 million.
Who are the Competitors of Jada Spices?
Jada Spices does not have any competition.
Jada Spices FAQS
How much does Jada Spices Cost?
Jada Spices is priced at $4.99 on Amazon and $8.99 in stores.
Is it true that Jada Spices landed a contract on Shark Tank?
Dr. Khasha Touloei and Maynard Okereke entered Shark Tank Season 12 Episode 4 wanting $250,000 for 20% of their vegan chicken salt & Seasonings Company, but Barbara Corcoran offered them $250,000 for 33%.
How did Jada Spices perform on Shark Tank?
The sharks were quickly won over by Jada Spices, who praised the salts’ flavor and the flavors of the plant-based chicken.
Khasha and Maynard’s impressions were heightened when they disclosed that they had sold $319,000 in chicken salt in 2019 and were on track to sell roughly $500,000 in 2020.
Jada Spices is owned by whom?
The firm is owned by Khasha Touloei.
How are Jada Spices products sold?
They are available for purchase online through their website and through GNC, Vitamin Shoppe, Fresh Thyme Farmers Market, and other merchants.
What is the revenue of Jada Spices?
Jada Spices has a $4 million yearly income.
Is Jada Spices an investment opportunity?
Yes, it is a good time to invest. They have the option of investing in the firm.
Is Jada Spices a Scam?
Jada Spices is a legitimate business.
Has Jada Spices been on Shark Tank?
It has, indeed. It debuted in Season 12 Episode 4 on November 6, 2020. It agreed with Barbara Corcoran.
How can they contact Jada Spices?
They may reach them via their official website, www.jadaspices.com, or by email, [email protected].
How long do Jada goods have a shelf life?
Their seasonings may be adequately stored for four years (expiration date can be found printed on all bottles).
Store in a cool, dry location to avoid caking with the lid closed.
Each bag of their Chick’n Mix will also include an expiration date (usually one year).
What should they do with their Chick’n Mix and Chicken Salts?
They recommend storing in a cool, dry area to avoid caking with the top closed.
Are Jada Chicken Salts gluten-free?
Yes! There is Gluten-Free Chicken Salt available. They are also MSG-free, soy-free, and vegan.
Where can they discover recipes that make use of their products?
Their Vegan Chicken Salt and Plant-Based Chick’n Mix seasonings go well with bowls, spaghetti, soups, tacos, and other dishes.
Their spices pair well with non-vegan dishes such as fish, red meat, poultry, eggs, etc. They may discover recipes and meal ideas on their website.
Where exactly are Located?
Their headquarters are in the lovely city of Los Angeles, California, which is located right here in the United States.
They are currently an internet-only company, with products sent from Miami, Florida.
Is there soy in the Plant-Based Chick’n?
Their Plant-Based Chick’n mix has no soy at all.
What exactly is turmeric?
Turmeric is a spice derived from the roof of the turmeric plant.
It is known to have anti-inflammatory qualities, among other things.
Turmeric may be included in all of their spice blends.
Their Turmeric Salt has more turmeric than the Chicken Salt.
Does the Plant-Based Chick’n need to be refrigerated?
Their Plant-Based Chick’n does not require refrigeration. They are allowed to store it anywhere they like. They recommend keeping it in the refrigerator after cooked, just like any other meal.
Why is it named Chicken Salt?
Chicken Salt first appeared in Australia and quickly became a cultural phenomenon.
The original Australian blend includes dried chicken fat and chicken stock to give it a unique chicken flavour, thus the name “chicken salt.”
Their Vegan Chicken Salt offers the same great flavour that customers love, but it has no animal by-products, MSG, or toxins.
They also included turmeric to provide extra health benefits.