$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Ron Paul from Toronto, ON, pitched Grow Kit in Season 13, Episode 5, asking the Dragons for $75K for 20% of the company.
- Asked for$75K for 20%
- Valuation$375Kimplied by the ask
- OutcomeDealwith Manjit Minhas
- Final deal$75K for 50%valued at $150K
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Arlene Dickinson | Not interested, felt the business is not scalable enough | Out |
| Michele Romanow | Wants businesses that can scale massively, this is not one | Out |
| Lane Merrifield | Not ready for a major investment yet | Out |
| Vincenzo Guzzo | Has moral concerns about the cannabis retail space | Out |
| Manjit Minhas | $75,000 for 50% | Accepted |
Ron Paul, from Toronto, Ontario, pitched Grow Kit asking for $75,000 for 20% of his online indoor garden store that sells grow lights and grow tents designed for home cannabis cultivation. The grow tent and light setup retails for $400, and over the past 12 months he sold 200 units for $60,000 in sales at a 30% profit margin, with sales sold through Amazon, eBay, his website, and social media. He sources components from manufacturers in the United States, the United Kingdom, and Hong Kong, holding exclusive Canadian distribution rights, and stores inventory in his parents' basement and a small storage unit.
Arlene Dickinson, Michele Romanow, Lane Merrifield, and Vincenzo Guzzo all declined to invest, citing concerns about scalability, existing competitors in the space, and the early stage of the business. Manjit Minhas offered $75,000 for 50% equity, wanting to be a hands-on partner and guide Ron Paul into retail partnerships; after a counteroffer for 45% was rejected, Ron Paul accepted the $75,000 for 50% deal.
Pitch details from CBC’s Dragons’ Den pitch page.
Grow Kit today
- StatusIn businessLast checked September 2026
Grow Kit is still operating and sells through its website.