$1Mfor 10%
Protein Candy
Valued at $10M
The pitch
Chau-Minh Phan from Waterloo, ON, pitched Tricolops in Season 12, Episode 17, asking the Dragons for $150K for 7.5% of the company.
- Asked for$150K for 7.5%
- Valuation$2Mimplied by the ask
- OutcomeNo deal
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Manjit Minhas | $150,000 for 10%, later withdrawn | Withdrawn |
| Jim Treliving | $100,000 for 7.5%, later withdrawn | Withdrawn |
| Michael Wekerle and Michele Romanow | $150,000 for 10%, joint offer | Declined |
| Arlene Dickinson | Out - questioned motives after founder named only two Dragons he wanted to work with | Out |
| Joe Mimran | Out - followed Arlene Dickinson's lead | Out |
Chau-Minh Phan, from Waterloo, asked for $150,000 for 7.5% of Tricolops, a company making an automated dimensioning device for the logistics industry that instantly measures the length, height and width of packages. The device costs about $200 to make and sells for $3,000, compared to competing units that typically cost $10,000 to $15,000, achieved through recalibrated inexpensive sensor technology that is patent pending. The company began selling four months earlier and had sold 10 units to date.
Manjit Minhas offered $150,000 for 10%, and Jim Treliving separately offered $100,000 for 7.5%, but when Michael Wekerle and Michele Romanow made a matching joint offer of $150,000 for 10%, Manjit Minhas withdrew his offer accusing the founder of not negotiating fairly, and Jim Treliving also withdrew in solidarity. Arlene Dickinson and Joe Mimran had already gone out earlier after the founder revealed he had only come in hoping to deal with Michael Wekerle and Michele Romanow, leaving no deal at the end of the pitch.
Pitch details from CBC’s Dragons’ Den pitch page.
Tricolops today
- StatusIn businessLast checked September 2026
Tricolops is still operating and sells through its website.