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Cabinet Health

cabinet healthRussell Gong and Achal Patel seek a Shark investor for Cabinet Health, their sustainable pharmaceuticals company, in Shark Tank episode 1411. The pair founded the company in 2019 to address the huge single use plastics problem in the pharmaceutical and health care industries. The guys have a background in medicine and sustainable product development and they used it to develop a refillable and compostable medicine packaging system. They’re also a Certified B Corporation.

The company is pretty straightforward. You order over the counter and/or prescription drugs through their online  pharmacy. You receive a reusable, glass medicine container and you get your pills in a sustainably produced, compostable pouch. This, they hope, will reduce single use plastic waste by billions of containers. They also sustainably source their packaging and remove more plastic from the waste stream than they produce.

The company is no stranger to talking to investors. In December, 2022, they raised $17 million in debt and equity funding to fuel expansion into prescriptions and retail channels. This was announced just a few weeks before their original air date and brings their total venture funding to $23.6 million. Cabinet Health is likely pre-revenue or burning cash, they probably want a Shark’s help getting to profitability.

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Posts about Cabinet Health on Shark Tank Blog

Cabinet – The Sustainable Healthcare Company

Cabinet Health Shark Tank Recap

Russell and Achal will pitch the panel of five Sharks on the business and its prospects for growth. They’ll need to convince Mark Cuban, Barbara Corcoran, Kevin O’Leary, Lori Greiner and guest Shark Tony Xu that the company is worthy of a Shark investment. A good business plan, good financials, and sales data will impress the Sharks, but they’ll need to show them THEY are capable of running the company to “Shark standards.” A full pitch re-cap on Cabinet Health will be available on Shark Tank Blog once this episode airs.

Cabinet Health Shark Tank Update

The Shark Tank Blog constantly provides updates and follow-ups about entrepreneurs who have appeared on the Shark Tank TV show. Once an episode has aired, we monitor the progress of the businesses featured, whether they receive funding or not and report on their progress. The Shark Tank Blog will follow-up on Cabinet Health & Russell Gong and Achal Patel as more details become available.

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