As per a recent Shark Tank update, Minus Cal net worth is $5,000. Minus Cal generates up to $2,300 in sales revenue annually. The product appeared on Shark Tank but due to persuasion from Mark Cuban, none of the sharks invested in the product.
The episode is infamous for Cuban getting into an argument with one of the founders.
Minus Cal Net Worth
| Net Worth | $5,000 |
| Annual Revenue | $2,300 |
| Profits | $190 |
| Lifetime Sales | $28,000 |
| Employees | 1 |
| Status | Out of Business |
Shark Tank Update on Sales
Immediately after appearing on Shark Tank, Minus Cal got a boost in sales. The company sold over $20,000 worth of products within one year of the shark tank episode. Since then the sales kept dropping.
As of today, 70-year-old Crom Carmichael, who got into an argument with Mark Cuban, is the sole employee of the company delivering limited orders.
Barrett Jacques, the young person who also appeared on the Shark Tank has left the company and is now in the construction business. He later admitted that appearing on Shark Tank has damaged his reputation among friends and family.
Customer Reviews
The reviews from customers for Minus Cal were mostly negative. Two customers from Utah, who bought the product complained of stomach pain and nausea, Another customer from Florida has reportedly got admitted to hospital.
About Minus Cal
As per the show, 70% of Americans are either obese or overweight. That’s where Minus Cal comes in. As per its founders, Minus Cal is a science-based snack bar and diet tablet that block fat when you eat it.
They claim that their product contains ‘Choleve’, a substance that removes fat from the body.
The Sharks try the product and admit it doesn’t taste good. Mark Cuban gets triggered when such kinds of products come on shark tank and he is the first person to start disputing with the founders of Minus Cal. He then starts persuading other Sharks against Minus Cal.
In the words of its founder, Minus Cal takes a molecule from Green Tea extract, increases its potency by 20 times, and inserted it into their protein bar and tablets. As per their statement, one tablet of Minus Cal can reduce 100 calories from the body.
FAQs
Minus Cal is in losses and makes less than $2,000 in revenue annually.
No. As per customer reviews, the product does not work in weight loss.
No one from the Shark Tank invested in Minus Cal.
Minus Cal is valued at $5,000.