Yes, Ice Chips Candy is still in business and thriving. The sugar-free, xylitol-sweetened candy maker’s Shark Tank deal fell apart during due diligence, but the exposure alone was enough to fuel real growth.
What happened on Shark Tank
Founders Beverly Vines-Haines and Charlotte Clary, who described themselves as “grannies in a garage,” appeared on Season 4 asking for $250,000 for 15% equity. They accepted an on-air offer from Mark Cuban and Barbara Corcoran for $250,000 for 40% equity, but the deal did not close during due diligence.
What the company looks like now
Despite the deal falling through, the Shark Tank exposure triggered more than $300,000 in extra orders within days of the episode airing, capital the founders used to invest in production automation. A decade later, the company’s revenue has grown into the $4 to 5 million per year range. Ice Chips, based in Yelm, Washington, now sells more than 20 flavors of its xylitol candy through its own website and on Amazon.
Frequently asked questions
Did Ice Chips Candy’s Shark Tank deal close?
No, the on-air agreement with Mark Cuban and Barbara Corcoran did not close during due diligence.
How much revenue does Ice Chips Candy generate?
An estimated $4 to 5 million annually, roughly a decade after the show aired.
Where can you buy Ice Chips Candy today?
Through the company’s own website and on Amazon.
For more Shark Tank updates, see Talmyn’s Business Case Studies desk.
