Marz Sprays Shark Tank Update – Shark Tank Season 4
The founders of Marz Sprays impressed the Sharks with their vitamin spray pitch and landed a deal with Lori Greiner in Season 4.
Brandon and Keith Marz present Marz Sprays Vitamin Oral Sprays to the Sharks in Shark Tank Season 4 Episode 5. The father and son team developed the line of products for people who want to take vitamins and supplements without swallowing pills. Because the vitamins are delivered in a liquid, spray form, the body absorbs them faster.
Marz sells a vitamin C spray, a sleep aid spray, an energy spray, a kids vitamin spray, and a weight loss spray. All products are patented (or patent pending) and trademarked. Brandon and Keith conducted independent clinical studies on the sprays, too. They claim to have over $1 million pending purchase orders and a potential licensing deal with Nature Made.
Check out other Shark Tank Season 4 Episodes.
About Marz Sprays
| Category | Details |
|---|---|
| Business Name | Marz Sprays |
| Founders | Brandon and Keith Marz |
| Industry | Health and Wellness |
| Product | Vitamin and supplement sprays |
| Deal Status | Deal secured with Lori Greiner |
| Investment Asked | $200,000 for 10% equity |
| Deal Outcome | $200,000 for 25% equity, with the option to buy back 12.5% equity for $800,000 |
Marz Sprays Shark Tank Recap
Brandon and Keith enter seeking $200,000 for 10% of their business.
Did Marz Sprays Get a Deal on Shark Tank?
Mark thinks Marz is a scam, and even when Keith tells him they have the ‘first mover’ advantage, Mark goes out. Daymond thinks it will be too difficult to clear the sprays for sale in foreign countries, so he’s out. Robert isn’t a supplement person, so he’s out too.
Lori likes the products and offers $200k for 30%, contingent on a deal with Nature Made. Kevin offers to partner with Lori, but she doesn’t want to; Kevin offers $200K for 25%, and Lori matches the offer.
Brandon and Keith confer and counter Lori with $200K for 25% with a “redemption option.” They say they’ll accept her offer if she gives them an option to redeem half her stock at four times the purchase price. Lori agrees, and she partners with Brandon and Keith.
Marz Sprays Shark Tank Update
The deal with Lori ultimately never closed. Marz has expanded its distribution internationally by selling directly to consumers online, through retailers and distributors, and through TV commercials. They are still exploring private label opportunities in the US and abroad. Marz began rolling out to big-box retailers in the first and second quarters of 2013. After their appearance on Shark Tank, sales have increased to over $1 million.
Update Segment
The business gets an update segment in Shark Tank Season 5 Episode 26. They’ll reveal nationwide distribution in Walgreens and Hudson News, plus give an update on international sales.
In 2014, they shipped $100,000 worth of product to Walgreens, but the company refused to pay. They were forced to sue and prevailed. The product eventually got on the shelves at Walmart. The company also redesigned its packaging. By 2020, it had products in over 20,000 stores.
The company didn’t have the meteoric growth originally projected, but as of January 2023, it had annual revenue of $4 million. In a June 2024 check-in, the company website was down, and social media had not been updated since 2021.
Brandon’s LinkedIn page lists the company as still “open,” but he’s now the Chief Strategy Officer at LifeRoc Capital, LLC, a business he co-founded in 2017. Keith Marz is keeping a very low profile.
Considering the company’s growth, setbacks, legal wins, etc, the estimated net worth of Marz Sparys is between $1.8 million and $4 million.
Posts About Marz Sprays on Shark Tank Blog
Vitamin Oral Sprays Pioneer Brandon Marz Interview
Marz Sprays Vitamin Oral Sprays by Keith Marz
Where Can You Buy It?
Marz Sprays can be purchased on Amazon. Their official website is inactive and has a limited retail presence. For more recent updates, check out their social media pages: Facebook and Twitter.
Quick Summary
- Marz Sprays appeared on Shark Tank Season 4, asking $200K for 10% equity and secured a deal with Lori Greiner.
- The company experienced rapid post-show growth, with over $1 million in sales shortly after airing.
- Despite legal disputes and retail challenges, Marz Sprays continued to expand.
Curious to know about other businesses that appeared on Shark Tank Season 4 Episode 5? Check out their business updates!
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