FOOD NEWS
Where is Pan's Mushroom Jerky from Shark Tank Today?
By Crystal Antonace
Michael Pan was inspired to recreate his family's vegetarian jerky after visiting distant relatives in Malaysia in the early 2000s. His inspiration turned into a plant-based jerky made from shiitake mushrooms with no soy, and by 2018 the innovative product was already being sold in 200 mainstream retailers, including Marshalls.
Pan appeared on Season 12, Episode 6 of "Shark Tank," where he made a pitch asking for $300,000 for 10% of his business. Tom's shoe founder, Blake Mycoskie, and "Shark Tank" investor Lori Greiner offered him $300,000 for 30% of his business, but Pan ended up securing a deal with Mark Cuban for $300,000 for 18% equity.
Within days of his on-screen debut on the popular ABC show, Pan's Mushroom Jerky made approximately $1 million in sales. Pan revealed to the New Hope Network that working with Mark Cuban has been a great asset to Pan's jerky business with his extensive experience and team of professionals.
This popular vegan jerky is sold for $8 per 2.2-ounce pack and comes in eight flavors, including teriyaki, applewood BBQ, and zesty Thai. Pan's Mushroom Jerky is sold on their website and in more than 3,500 stores across the U.S., including Whole Foods locations in the Northeast and select H-E-B locations in Texas.