Evive Smoothie

Dominic Dube and Claudia Poulin, from Saint-Hyacinthe, Quebec, sought $100,000 for 10% of Evive, a company making frozen smoothie cubes sold in packs of three that retail for about $10 a bag, made from whole fruits, vegetables, superfoods like chia and hemp seeds, spirulina, and vegan protein in six flavours. The cubes are prepared by simply adding liquid and shaking once melted, and they are designed to withstand shipping since they refreeze into cube form if partially melted. Last year the company did $550,000 in sales in Quebec only; in the first four months after expanding distribution across Canada this year they did $400,000, putting them on pace for $1.5 million this year. They are in about 600 stores with a goal of 1,200 by year end, and plan to launch a U.S. e-commerce site in mid-2019 after focusing on Canada first.

Vincenzo Guzzo offered $100,000 for 25%, Arlene Dickinson offered $100,000 for 10%, Lane Merrifield offered $150,000 for 15%, and Jim Treliving matched with $150,000 for 18%. Manjit Minhas offered $150,000 for 10%, citing her ability to help with retail relationships. Michele Romanow offered an alternative structure of $100,000 as a royalty-based loan at 10% of sales until she recouped $115,000, which other Dragons criticized as offering little ongoing value. Dominic Dube and Claudia Poulin accepted Manjit Minhas's offer of $150,000 for 10%.

We haven’t confirmed whether Evive Smoothie is still operating.