Fresk-O Cheese

Andreina and Oscar, siblings from Lethbridge, Alberta, asked for $200,000 for 20% of Fresk-O Cheese, a family business making traditional Latin American fresh cheese that can be grilled without melting, following a family recipe more than 40 years old. The company did $400,000 in sales in its first year and projects $600,000 in year two, is sold in Alberta at Sobeys, Safeway, Sunterra, Co-op Calgary and Save-On-Foods, and the family has invested more than $700,000 of their own money after selling everything in Venezuela to start the business in Canada. They rent their production facility and need funds for cash flow after receiving CFIA approval to sell to larger retailers.

Manjit Minhas went out first, saying she knew nothing about the cheese business, and Jim Treliving went out saying it was outside his wheelhouse. Arlene Dickinson and Manjit Minhas (later, after re-entering) both offered $200,000 for 25%; Lane Merrifield went out but said he would become a customer, and Michele Romanow stayed out. Andreina and Oscar accepted Arlene Dickinson's offer of $200,000 for 25%.

Fresk-O Cheese appears to have closed. Its products may no longer be available.