Hush Blankets

Lior and Aaron, of Toronto, Ontario, sought $400,000 for 10% of Hush Blankets, a company selling weighted blankets designed to reduce anxiety and stress and improve sleep, along with a cooling version for hot sleepers. The blankets retail from $159 to $269, are made with zipper technology for easy washing, and carry margins around 32%. The company did $600,000 in sales in its first year and had already surpassed $3.2 million in the current year, with a projection of $6 million by year end; for every five blankets sold, one is donated to shelters, children with terminal illness, or special needs camps.

Jim Treliving and Lane Merrifield offered $400,000 for 10%, Arlene Dickinson offered $400,000 for 10%, Manjit Minhas and Vincenzo Guzzo offered $400,000 for 8%, and Michele Romanow offered $400,000 for 10% with Arlene Dickinson joining her. After multiple counteroffers were declined, Lior and Aaron accepted the joint offer from Jim Treliving and Lane Merrifield, citing an existing positive relationship from a prior deal with Jim Treliving.

Hush Blankets is still operating and sells through its website.