Pakville

Parinaz Pakniat, founder and CEO of PakVille in Montreal, QC, pitched the Dragons asking for $500,000 for 10% of her business. PakVille manufactures homes from recycled plastic bottles using four-foot structural modules that serve as walls, floors and ceilings, replacing wood, drywall, insulation and paint, with each standard panel using about 3,000 recycled plastic bottles reinforced with fibreglass. The company has priced out over $60 million in projects, secured just over $2 million in contracts with a 30% gross margin, invested $700,000 into the business, and can currently produce 50 homes per year, with pricing between $250 and $300 per square foot and a target of manufacturing 10,000 home kits annually by 2030.

Wes Hall went out, saying he lacked the day-to-day expertise to add value. Arlene Dickinson went out, saying there was still a lot of work to be done despite liking the idea. Brian Scudamore went out, citing the need for more consistent cash flow. Michele Romanow went out, saying she could not add value in the space. Manjit Minhas offered $500,000 for 20% of the business through her Healthy Home Innovation Fund, and Drew Scott joined the offer, which Parinaz Pakniat accepted.

Pakville is still operating and sells through its website.