$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Nicholas Loiselle from Montreal, QC, pitched MTL Balance Board in Season 16, Episode 9, asking the Dragons for $125K for 10% of the company.
- Asked for$125K for 10%
- Valuation$1.25Mimplied by the ask
- OutcomeNo deal
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Arlene Dickinson | Doesn't see this becoming a $25-50 million business | Out |
| Wes Hall | Would be a user but not an investor at this stage | Out |
| Manjit Minhas | Scalability concern | Out |
| Michele Romanow | Numbers did not add up as presented | Out |
| Vincenzo Guzzo | $125,000 for 25%, with a clawback to 50% if due diligence numbers were off by more than 10% | Declined |
Nicolas of Montreal, QC pitched MTL Balance Board, a company making balance boards from 100% recycled wood, sourced cheaply from Canadian manufacturers' wood waste, asking for $125,000 for 10% of the business. Boards average $125, with kid-sized boards at $80; a tree is planted for each board sold. In the last 12 months the company did around $700,000 in revenue (later corrected to $539,000 for 2020) across 4,300 units, with 91% through the website and 9% through retailers, yielding a gross profit of $316,000 and net income of $222,000.
Arlene Dickinson, Wes Hall, and Manjit Minhas went out, citing limited scalability and market size. Michele Romanow also went out after Nicolas struggled to reconcile his sales figures. Vincenzo Guzzo offered $125,000 for 25%, with a clause to increase to 50% if due diligence found the numbers off by more than 10%, but Nicolas turned to Michele Romanow instead, who then also declined, leaving no deal.
Pitch details from CBC’s Dragons’ Den pitch page.
MTL Balance Board today
- StatusIn businessLast checked September 2026
MTL Balance Board is still operating and sells through its website.