Bad Monkey Popcorn

Fabio and Joey of Bad Monkey Popcorn in Montreal, Quebec, along with cousins Chiara and Alessa, asked for $150,000 for 20 per cent of the company. The popcorn is made with round mushroom kernels rather than butterfly kernels, comes in 22 flavours, sells for about $3 a bag in more than 100 stores across Quebec, and is used at events including Jazz Fest, Osheaga, the Grand Prix and Cirque du Soleil; first year gross sales were $340,000 with 50 per cent gross margins and the business broke even, with monthly gross sales increasing about 10 per cent and a forecast of roughly $780,000 in gross sales the following year, with production currently at about 2,000 hand-bagged bags a day.

Joe Mimran initially offered the full $150,000 for 20 per cent but withdrew the offer after the founders continued pitching past his time-stamped deadline. Manjit Minhas offered $300,000 for 30 per cent, citing her distribution and retail contacts, while Michael Wekerle offered $150,000 structured as a 2 per cent royalty. Jim Treliving and Michele Romanow both went out. The founders proposed splitting a combined offer between Manjit Minhas and Michael Wekerle, but Manjit Minhas chose to proceed alone with her original offer of $300,000 for 30 per cent, which the founders accepted.

Bad Monkey Popcorn appears to have closed. Its products may no longer be available.