PittMoss Shark Tank Update

Mont Handley seeks a deal in Shark Tank Season 6’s episode 627 for his eco-friendly peat moss substitute made from recycled paper. Pitmoss, which was developed 20 years ago, offers an environmentally friendly alternative to peat moss. So, what is Shark Tank PittMoss Update? Did the product secure any investment? How much investment did the product secure? We know you all must be curious to know more, therefore, we’ve brought this blog. So, keep on reading the whole thread to gain more information about PittMoss. 

Introducing PittMoss: Peat Free Potting Mixes

PittMoss uses recycled, organic paper to create ground-breaking peat-free, soilless products. Their peat-free goods are the outcome of decades of research into the utilization of recycled paper fibers and are carefully and locally sourced. The outcome? These are the best-performing, greenest gardening mixes available, and they use less water. Furthermore, PittMoss produces animal bedding that is superior to other bedding on the market right now. Currently, the PittMoss Shark Tank worth stands at $4.5 million

The Story

Started as a humble kitchen experiment in 1994, PittMoss quickly evolved into founder Mont Handley’s passionate, lifelong project. Additionally, It received funding for essential growth trials following the awarding of the EPA SBIR grant, which provided the scientific proof and the basis for PittMoss patents. Talking about the years 2021 to 2015 – PittMoss went through a concept phase in garages and small greenhouses on nights and weekends. 

Thereafter, in 2015, during the PittMoss Appeared in Shark Tank, Mont Handley managed to secure a deal, i.e., $600,000 for 35% equity, from three of the SharksMark Cuban, Kevin O’Leary, and Robert Herjavec, after seeking $600,000 for 25% equity

Products & Services

The products and services offered by PittMoss have attracted millions of customers – probably the reason of its popularity also. Therefore, let’s have a look at its offerings below. 

ParticularsDetails
Potting MixOrganic Potting MixNutrient Enhanced Potting MixOrganic Soil ConditionerCoconut Coir MixPeat Reduced MixPeat Reduced Pine Bark Mix
Animal BeddingSmall Pet BeddingPoultry BeddingHorse Bedding

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Why choose PittMoss?

  • ItDelivers Your Garden Results
  • Sustainable, Up-Cycled Gardening
  • Nutrient Demanding Plants? It has you Covered
  • It takes great satisfaction in the extensive research they have done on every product.

PittMoss Shark Tank Update: The Pitch

PittMoss Shark Tank Update

Mont started his pitch by talking about PittMoss and the promise that his company could be the difference the world needs. Coming to the PittMoss Shark Tank Update, he is asking for 25 percent equity for $600K in seed capital. He introduced several plants grown in PittMoss as proof, thus showcasing the benefit of establishing the product over peat moss. PittMoss is 20% cheaper than peat moss and is free of any contaminants.

Mont explains he has no sales because all his time has been consumed in building the manufacturing facility. He can produce 200 tons now, which is $60K a year in sales. He has $138,000 in orders that he cannot fill. The plan is to give 50 cubic feet of product to a commercial greenhouse and let the adopter try it.

Barbara is too confused, so she’s out. Mont has other angel investors and Mark wants to know if he’s going to walk away from them if he gets a deal in the Tank. Mont says he would. Lori feels that the sales are too low and that this long education period is a stumbling block. She’s out.

Robert inquires if other Sharks will join him. Kevin throws $600K for 40%, and Mont counters with 30%. Mark, Kevin, and Robert partner to throw $600K at 35% and Mont does the deal.

Result: A deal was made with Kevin, Robert, and Mark for $600K, in return for 35% of the business.

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What Happened to PittMoss After Shark Tank?

Talking about PittMoss Update After Shark Tank – While the deal did close with the Sharks, there were production problems right out of the gate for Handley. After the Beyond the Tank episode was recorded, Mont stepped down as the firm’s CEO and has spent his time volunteering at a food bank in Indiana; though he remains on the board. The statement issued announced new animal bedding and potting soil products. It has not broken into the Lowes and Home Depots of this world, but they are in hundreds of garden centers around this country and sell to commercial growers.

In March 2021, the company raised $297,000 in equity crowdfunding on Republic. In June 2021 the company announced they would go international by opening a factory in Lebanon and even announced plans for opening 8-10 more factories in the United States. In October 2022, they claimed an annual revenue of $3 million and a target of achieving an annual revenue of $25 million in 2025.

The Future Road

PittMoss has become very popular among natural and organic gardening communities, who are pleased that it’s a sustainable alternative to peat moss. Right from the outset, the sharks of Shark Tank realized how much Pitt Moss could do for a brighter, greener future. Handley managed to present PittMoss at the right moment in human history; as the issue of climate change becomes increasingly worrying, little solutions like PittMoss will start to make a big difference.

Final Thoughts

In this blog, we’ve covered relevant details about the PittMoss. Mont Handley walked onto the stage of Shark Tank, seeking $600,000 for 25% equity. Further, after securing the deal, the company gained widespread recognition and introduced many new products. Besides, as the company continues to grow, It plans to grow its product range and expand its market presence. 

FAQs For PittMoss – Peat Moss Alternative

1. What is PittMoss good for?

Ans. It is good for Natural and Organic Potting Mixes and Growing Media. 

2. What happened to Pitt Moss from Shark Tank?

Ans. Pitt Moss greatly increased its production capacity and gained access to considerable retail distribution after making an appearance on Shark Tank.

3. Who owns Pitt Moss?

Ans. Mont Handley is the owner of PittMoss. 

4. Did PittMoss get a deal on Shark Tank?

Ans. Yes, It secured a deal of $600K, in return for 35% of the business.

5. Is PittMoss a profitable company?

Ans. Yes, this is a profitable company. 

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