$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Tracey McGillivray and Suling Doung from Halifax, NS, pitched Raymex Lift in Season 20, Episode 14, asking the Dragons for $350K for 5% of the company.
- Asked for$350K for 5%
- Valuation$7Mimplied by the ask
- OutcomeDealwith Arlene Dickinson
- Final deal$350K for 7.5%valued at $4.67M
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Michele Romanow | Loves the product but too early to invest, no sales yet | Out |
| Brian Scudamore | Too early despite liking the innovation and equity sharing | Out |
| Wes Hall | $350,000 for 10% | Declined |
| Manjit Minhas | Too much diligence needed, unclear on burn rate | Out |
| Arlene Dickinson | $350,000 for 7.5% | Accepted |
Tracey and Suling, from Halifax, Nova Scotia, pitched the RAYMEX Lift, a device named after Tracey's father Raymond that helps elderly or fallen individuals rise off the floor and converts into a Rollator walker, with automatic electronic brakes that engage when the seat is used. They sought $350,000 for 5% of the company, with an MSRP of about $5,700 including shipping; the product has cleared regulatory approval in Canada, the US, and Japan, is manufactured in rural Nova Scotia, and Tracey has invested about $500,000 of her own money, retaining 37.5% equity after distributing shares to her five co-founders for their contributions.
Michele Romanow said she liked the product but had no confidence yet without sales and went out. Brian Scudamore said it was too early for him and went out. Wes Hall offered $350,000 for 10%. Manjit Minhas said there was too much diligence still needed and went out. Arlene Dickinson offered $350,000 for 7.5%, and after the founders asked if either Dragon would go to 6%, Wes Hall declined to move further and Tracey and Suling accepted Arlene Dickinson's offer of $350,000 for 7.5%.
Pitch details from CBC’s Dragons’ Den pitch page.
Raymex Lift today
- StatusStatus unknownLast checked September 2026
We haven’t confirmed whether Raymex Lift is still operating.