What Happened to Thrive Alcohol Health After the Shark Tank Pitch?
What is Thrive Alcohol Health?
Thrive+ is a post-alcohol supplement that can be taken at any time following alcohol use.
It contains Dihydromyricetin, a substance that is frequently found in Chinese herbal treatments but was only recently scientifically confirmed to be beneficial in the treatment of alcoholism.
Thrive+ is a patented chemical that combines Dihydromyricetin with a unique component that significantly enhances absorption, making it a more effective alcohol aid than Dihydromyricetin alone.
Cheers markets the pill as a “vitamin” to take with alcohol to mitigate the negative effects on the body since they do not wish to promote drinking or alcoholism.
Who is the Thrive Alcohol Health Founder?
Brooks Powell established Cheers (formerly Thrive+) while still a student after reading an article on Dihydromyricetin (DHM) sobering up mice.
He then embarked on a quest to establish whether this amazing drug had a similar effect on people.
He was on the verge of developing a product that would make him a millionaire by 2014. He is currently the CEO of Cheers and a founding member.
When he awakened in his sophomore year with a “moderate hangover” while taking a neuroscience class, the former religion major had an epiphany.
He stumbled upon an article in the Journal of Neuroscience demonstrating that Dihydromyricetin may be used to cure hangovers in rats.
Dihydromyricetin is a safe substance that poses no health risks and is obtained from a plant belonging to a safe family. Additionally, it is a critical component of Thrive.
With the assistance of his neuroscience professor, he teamed with a New York-based pharmaceutical company to produce the drug. Thrive is a nutritional supplement available in tablet or powder form.
When taken following a night of drinking, it alleviates the sluggishness and dehydration associated with hangovers.
Powell planned to promote to college students, but his Amazon sales data indicate that he sells the majority of his products to adults aged 35 to 54.
He does not wish for his product to promote alcohol abuse; rather, he wishes for it to serve as a supplement to social drinkers.
On his box, he adds, “Enjoy Tonight, Thrive Tomorrow.” It is now listed on Amazon for $30 for a 30-pill jar.
What Happened to Thrive Alcohol Health at the Shark Tank Pitch?
Brooks made an appearance on Shark Tank Season 9 Episode 24 in quest of $400,000 in exchange for a 10% ownership in his business. This translates to a valuation of $4 million.
He makes his presentation and distributes samples.
There includes a detailed discussion of the research conducted on the active ingredient, Dihydromyricetin, as well as how Powell got a patent for the formula. Mark repeatedly refers to Powell’s statements as “BS” throughout the chat.
Unsurprisingly, Mark is the first Shark to depart – he is not a supplement investor.
Robert asserts that a classic Cuban theft has occurred as a result of his poor presentation in which he allowed Mark to take control.
Robert never had the opportunity to learn anything, and so is not included in the contract.
Bethenny maintains she wants an easy-to-understand product, but marketing in this field is quite difficult. She is no longer bound by the contract.
Daymond’s primary issue is that Brookes brought up television and radio ads. It’s a significant investment in a competitive market to persuade consumers to purchase the items.
Daymond is departing due of the trek’s length.
Lori’s issue is that it is still extremely early in the morning for her. Brookes has to undertake further testing and validation of the product before she can invest confidently, and as a result, she is no longer bound by the agreement.
Brookes leaves without securing funding for Thrive+.
What Happened to Thrive Alcohol Health After the Shark Tank Pitch?
Following the planned launch date, Thrive rebranded as Thrive Global.
Brooks raised $2.1 million in February 2019, a year after the show’s original air date, and completely renamed the corporation as Cheers.
Powell explained the name change to a Houston-area newspaper, “We recognized we needed something that was appropriate for the alcohol industry but also connoted pleasure, responsibility, and health.”
Powell is seeking $49 million in public support in 2021.
Cheers is still open, with annual revenues of $3.5 million as of June 2021. The business started a Start Engine campaign in September 2021 to raise funds for their retail debut.
What is the Net Worth of Thrive Alcohol Health?
Brooks made an appearance on Shark Tank Season 9 Episode 24 in quest of $400,000 in exchange for a 10% ownership in his business. This translates to a valuation of $4 million.
Who are the Competitors Alcohol Health Thrive?
There are no known competitors for Thrive Alcohol Health.
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Thrive Alcohol Health FAQS
Where can they buy Thrive Alcohol Health?
Thrive is sold through Cheers website and Amazon.
What is the price of Thrive Alcohol Health?
It is now listed on Amazon for $30 for a 30-pill jar.
How does Thrive Alcohol Health work?
Dihydromyricetin inhibits the enzyme acetaldehyde dehydrogenase which is responsible for breaking down alcohol.
Does Thrive Alcohol Health have side effects?
None side effects are listed.
How long does it take Thrive Alcohol Health to work?
It is taken after drinking, and so will have no impact on the effects of alcohol ingested before taking the pill.
How long will it take to ship?
If people place an order on their website by 3 p.m. CT, it will be sent the same business day. Orders ordered after 3 p.m. CT and/or on non-business days will be sent the next business day.
Who founded Thrive Alcohol Health?
The product is the brainchild of Brooks Powell, a former anthropology student at the University of Houston.
How Brooks Powell did came up with the idea?
Brooks Powell established Cheers (formerly Thrive+) while still a student after reading an article on Dihydromyricetin (DHM) sobering up mice.
How much was Brooks Powell looking in the Shark Tank?
Brooks was looking for $400,000 for 10% of the company.
How much did Brooks Powell received from the Sharks?
Brooks did not secure any funding for his Thrive Alcohol Health business.
What happened to Thrive Alcohol Health after the Shark Tank?
Brooks raised $2.1 million in February 2019, a year after the show’s original air date, and completely renamed the corporation as Cheers.
Why did Brooks Powell change the name of the business?
Brooks Powell explained the name change to a Houston-area newspaper, “We recognized we needed something that was appropriate for the alcohol industry but also connoted pleasure, responsibility, and health.”
What is Cheers still in business?
Cheers is still open, with annual revenues of $3.5 million as of June 2021. The business started a Start Engine campaign in September 2021 to raise funds for their retail debut.
