$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Adnan Sharif from Toronto, ON, pitched Lyrata in Season 20, Episode 9, asking the Dragons for $200K for 10% of the company.
- Asked for$200K for 10%
- Valuation$2Mimplied by the ask
- OutcomeDealwith Wes Hall
- Final deal$200K for 20%valued at $1M
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Wes Hall | $200,000 for 33%, later reduced to $200,000 for 20% | Accepted |
| Michele Romanow | No offer, does not know the space well enough | Out |
| Brian Scudamore | No offer, does not know the space well enough to help | Out |
| Manjit Minhas | No offer, felt execution and strategy needed work | Out |
| Arlene Dickinson | $200,000 for 15% | Declined |
Adnan, from Toronto, asked for $200,000 for 10% of Lyrata, maker of Smart Soil, a 3D-printed, reusable grow media made from biopolymers such as polylactic acid, intended as a lower-carbon alternative to Rockwool used in indoor farming. The company has raised more than $1.3 million in mostly non-dilutive funding over five years, operates three urban farms in Toronto, and has serviced clients including the University of Toronto and Michelin star restaurants, though the Smart Soil product itself has not yet been sold; the plan is to sell it to consumers at about $9 per pod versus $2 to $3 for standard Rockwool pods, positioning it as cheaper over time due to reusability.
Michele Romanow and Brian Scudamore went out citing insufficient knowledge of the space, and Manjit Minhas went out citing concerns about execution and strategy. Arlene Dickinson offered $200,000 for 15%, and Wes Hall offered $200,000 for 33% before lowering to $200,000 for 20%; Adnan accepted Wes Hall's offer of $200,000 for 20%, citing the value of ongoing ties to the University of Toronto.
Pitch details from CBC’s Dragons’ Den pitch page.
Lyrata today
- StatusStatus unknownLast checked September 2026
We haven’t confirmed whether Lyrata is still operating.