What Happened to Slate Chocolate Milk After Shark Tank?
What is Slate Chocolate Milk?
Slate Chocolate Milk is a firm that makes lactose-free, low-sugar, high-protein chocolate milk beverages for health-conscious people.
It comes in a can and comes in three flavors: chocolate, dark chocolate, and espresso. Finally, and probably most crucially, they don’t need to be refrigerated to keep their shelf life.
In 2018, Manny Lubin and Josh Belinski co-founded the business. Manny graduated from Northeastern University with a BA in Marketing and Communication.
He has professional experience in this field, having co-founded another business that specialized in it. He now works full-time as an executive with Slate Milk.
Josh is also a Northeastern University alumnus who majored in entrepreneurship. He had worked in business development and account management for different firms. He, too, remains an executive for the firm.
Who is the founder of Slate Chocolate Milk?
Manny Lubin and Josh Belinski co-founded the business in 2018. The couple met at Northeastern University and shares a love of a childhood favorite drink: chocolate milk.
The problem with chocolate milk is that it contains a lot of sugar and lactose. Because both men are lactose intolerant, they required a lactose-free chocolate milk beverage that was a little more hip than the bottle of YooHoo they drank as kids.
They accomplished this through the use of an ultrafiltration process that eliminates fat, sugar, and lactose from milk. They then sweeten it with chocolate and monk fruit.
As a result, a chocolate, not excessively sweet, protein-packed beverage is generated with just 9 grams of sugar and 17 grams of protein.
The product is shelf stable for one year without refrigeration and comes in sleek, tan cans that millennial will not be embarrassed to carry.
They began their business with a $51,833 Kickstarter campaign and a $53,438 IndieGoGo campaign.
Both campaigns began shipping in early October after launching in the spring of 2019. Slate comes in three different flavors: regular, dark chocolate and mocha flip (with a hint of coffee).
They sell them in 12-packs for $36 online ($3 for each 11.1-ounce can). It is currently available for pre-order on their website; however shipment to supporters will begin in October 2019.
What Happened to Slate Chocolate Milk at Shark Tank pitch?
Manny Lubin and Josh Belinski, founders of the Boston-based company Slate, approach the Sharks to invest in their chocolate milk for millennial in episode 1124. They’re searching for a Shark to help them fund more production and distribution.
Josh and Manny arrived on Shark Tank in seeking of $400,000 in return for a 10% stake in their business, worth $4 million.
They talk about their company and their proprietary ultrafiltration technique, and they hand out samples. The taste is despised by the Sharks! They also despise the notion that the company is in pre-sales; the value was out of place.
When asked about the valuation, they explain that their vice president is a food sector power player.
The Sharks were unable to overcome their bad taste and lack of sales, and they were forced to leave one by one. Finally, they departed the pitch without reaching a deal.
What Happened to Slate Chocolate Milk After Shark Tank?
Despite the failure of the pitch, the product is now available in a number of outlets in the northeast and throughout the east coast. Roche Brothers, Harris Teeter, Whole Foods Market, and a number of smaller stores carry the brand.
In February 2021, the company raised $1.7 million in a startup funding round, allowing it to extend distribution to over 3000 locations.
Giant, Giant Martin’s, Hannaford, Bristol Farms, Central Market, and Publix also carry them.
In July 2021, the company’s annual sales totaled $1 million. They will finish another $3.3 million extended seed financing round in October 2021.
The firm is still in business with annual revenue of $3 million as of February 2022.
Net Worth of Slate Chocolate Milk
During and after the pitch, the firm was valued at $4 million.
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Slate Chocolate Milk FAQs
What is Slate Chocolate Milk?
Slate Chocolate Milk is a firm that makes lactose-free, low-sugar, high-protein chocolate milk beverages for health-conscious people.
Who is the founder?
In 2018, Manny Lubin and Josh Belinski co-founded the business. Manny graduated from Northeastern University with a BA in Marketing and Communication.
How much were they seeking on Shark Tank?
They were seeking for $400,000 for a 10% interest in the company.
Did they have the deal?
No, they did not have the deal.
Is Slate Chocolate Milk still in operation?
Yes, the firm is still in operation, and they received $1.7 million in startup funding in February 2021, allowing them to extend its distribution to over 3000 locations.
Is it simple to find Slate Chocolate Milk?
It is available on their website as well as at a variety of retailers such as Roche Brothers, Harris Teeter, Whole Foods Market, and a number of smaller grocers.
What is the Slate Ingredients breakdown?
Milk is fat, sugar, and lactose-free thanks to ultrafiltration technology. They then sweeten it with chocolate and monk fruit.
Where can I find Slate Chocolate Milk?
Slate Chocolate Milk is a Boston, Massachusetts-based company.
Is a can of Slate chocolate milk available on Amazon.com?
All flavors are available for purchase on Amazon, but not by subscription.
Slate Chocolate Milk is available at which locations?
They provide delivery throughout the United States and parts of Canada. Items delivered to Canada may incur additional shipping charges dependent on their location.
How much does shipping cost?
Slate offers free delivery on all orders placed inside the United States.
How long does it take to ship Slate Chocolate Milk?
Standard products are typically delivered between 4-10 business days.
Is Slate Chocolate Milk served warm?
Nope! While milk does not need to be refrigerated, it is best served cold. They say that all the time, but trust them.
Slate Chocolate Milk accepts which payment methods?
Payment options supported include Visa, MasterCard, American Express, Apple Pay, Amazon Pay, Venmo, and Google Pay.
Are there any Slate Chocolate Milk specials available?
Yes! Subscribing to their email list is the best method to stay up to date on all of their promotions.
Why isn’t my Slate Chocolate Milk promotional code working?
Discount coupons do not apply to already discounted products, such as Subscribe & Save purchases! If the coupon does not work on a full-priced order, please contact their customer service to ensure that the coupon is still valid.
Why is Slate Chocolate Milk packaged in aluminum cans?
For the benefit of the environment! According to The Aluminum Association, 75% of all aluminum produced has been recycled — so please recycle after chugging!
Where did Slate Chocolate Milk come from?
They get their milk from thirty family-owned dairy farms across the United States. These farmers are sincerely concerned about their animals. As a consequence, they are fully compliant with the Animal Welfare Act (AWA) and handle all of their activities in an ethical and professional way.
What is the definition of Allulose?
Allulose is a rare low-calorie sugar found in figs, maple syrup, and other foods. To discover more about Allulose and our partner, go to RxSugar’s website.
What exactly is a Net Carbohydrate?
The quantity of carbohydrates consumed by the body is referred to as “net carbs.”
How is it possible that Slate Chocolate Milk includes no added sugar?
They naturally filter out the natural sugars (lactose) in the milk using a procedure known as ultrafiltration.
Is Slate Chocolate Milk considered kosher?
Yes! Slate Chocolate Milk is kosher-certified.
Is the Slate Chocolate Milk gluten-free?
Yes! Slate Chocolate Milk is free of gluten.
Is Slate Chocolate Milk devoid of nuts?
Yes! Slate Chocolate Milk is nut-free and made in a nut-free facility.
