Pressa Bottle

Jesse, Luke and Mason Hambly, brothers from Elora, Ontario, asked for $150,000 for 20% of Pressa Bottle, a water bottle that lets users press real fruit into their water to flavour it throughout the day. The bottles sell online in three models priced from $33 to $39, and the brothers reported $70,000 in sales over two months, plus $40,000 in Kickstarter pre-sales, with letters of intent and purchase orders including from the Shopping Channel worth about $130,000, forecasting $208,000 in sales by year end. The business was built capital-efficiently using a 3D printer for prototypes, with the brothers valuing the company at $750,000.

Joe Mimran offered $150,000 for 30%, Michael Wekerle and Manjit Minhas went out over concerns about competition and a high valuation relative to actual sales, Michele Romanow offered $150,000 for 40% plus a 10% royalty until her investment was repaid, Arlene Dickinson offered a $150,000 loan at 10% interest convertible in a year for 25%, and Jim Treliving offered $150,000 for 25% wanting equal partnership with a board voice. The brothers accepted Jim Treliving's offer.

We haven’t confirmed whether Pressa Bottle is still operating.