By July 2021, the company had generated $1 million in annual sales and completed another $3.3 million extended seed financing round in October 2021. Slate's version of chocolate milk is 120 calories per can, and has 17 grams of protein while only having 9 grams of sugar and 1 gram of fat. functional beverage The product is shelf stable and comes in stylish cans, they launched their business with two crowdfunding campaigns and the product is now available for pre-order on their website with three flavors, traditional, dark chocolate and mocha flip. Yes, Yoo-hoo is gluten-free. Lactose can make people feel off or slow, Lubin says. They have 3 flavors that taste just like chocolate milk but are healthier on your body. If you are lactose intolerant or want to keep an eye on your sugar intake, this could be a good option. The company's platform sells chocolate milk that contains less sugar, more protein, and no artificial coloring, with no gluten, nuts, lactose, soy, and carrageenan, enabling customers to enjoy flavored milk which is beneficial for their health. The first was brand. The company valuation was $4 million during and after the pitch. Most of these investors, Lubin believes, have been in similar situations when building their businesses and can effectively help Slate expand retail and online footprints. Ingredients (Classic Chocolate Milk): Ultrafiltered Skim Milk Blend (Ultrafiltered Milk, Water), Cane Sugar, Natural Flavors, Cocoa (processed with alkali), Monk Fruit, Potassium Chloride, Pectin, Salt, Cellulose Gel, Cellulose Gum, Lactase Enzyme, Vitamin A Palmitate, Vitamin D3. Slate Chocolate Milk specializes in creating low-sugar, high-protein chocolate milk beverages that are marketed to health-conscious individuals. Most people said they couldnt really remember. Our flavorists have a complete understanding of the taste & color implications of SweeGen | 24-Jan-2023 Slate Milk is my ultimate dream drink! Slate Milk on Shark Tank I'm a huge fan of Shark Tank and was really excited to learn that Slate Milk was on it (I need to go back and watch it! Founded in 1910 as the California Almond Grower's Exchange, the organization claims to be the world's largest tree nut processing and marketing company. Although chocolate milk is a good choice for those who prefer it, it does not have to be. Josh Belinskis slate chocolate milk is a delicious, nutritious drink made with high-quality ingredients. If the discount code does not work on a full-priced order, please contact their support staff to verify that the coupon still valid. The process: Slate Milkuses ultrafiltration on its milk (sourced from 30 family-owned dairy farms in upstate New York) to concentrate the protein, eliminate the lactose/milk sugar (it also adds the lactase enzyme that breaks down any residual lactose) and remove some water. A Century-Old Tradition: Indulge In Iconic Pink Lindt Balls. It is a good source of calcium, protein, and other nutrients. And educating consumers about how the product is different requires time and marketing money. It's also lactose-free! Not only does it taste amazing, it's exactly what my body needs everyday. Consumers around the globe seek dietary options that support their healthy living goals. Slate Milk is a great alternative to traditional chocolate milk. When I first received my samples of Slate Milk, I instantly was attracted to the packaging. Health & Wellness Our milks and lattes have 20g protein and 0g added sugar, all while being unbelievably delicious. The company is also expanding its business in Russia. The beverage is priced at $3 per 11.1-ounce can. We feel as though our taste profile and nutritional makeup for 20g protein, zero added sugar and no artificial ingredients is really what sets us apart, he said. Copywriter CallGear . The three flavors they have taste like chocolate milk but are lower in calories and saturated fat. . What Happened to Village Scholarships after Shark Tank? This is thanks to the company's successful launch of its line of premium chocolate milk products. Slate, which sources dairy from family-owned farms in New York, is currently available in three different varieties: classic chocolate and dark chocolate milk, in addition to an espresso chocolate milk boosted with 150mg of caffeine per can. get consumers to try something new. Abda runs Branchfood, a Boston-based community for food entrepreneurs, and she has been following Slates development. Ingredients: Lowfat Milk with Vitamin A Palmitate, and Vitamin D3 Added, Sugar, Less than 2% of Cocoa Processed with Alkali, Calcium Carbonate, Cellulose Gel, Modified . Son of the wild goose, Kevin Egan of Paris. Lactose is a naturally occurring sugar that is hard for many people to digest. Beverage Slate Chocolate Milk Chocolate milk, built better. | Case Study. The company is still in operation, and Lubin remains employed at the company as the executive. However, the Sharks were not impressed with the flavor and the fact that the firm was in pre-sales, and as a result, they dropped out one by one. Slate Chocolate Milk was invented by Manny Lubin and Josh Belinsky, who began the Boston-based startup to accommodate their desire for a lactose-free dairy product. I really liked that it not only had the protein boost that the other milk had, but it also had 150 mg of caffeine in it so it could completely replace my afternoon coffee. Josh Belinsky and Manny Lubin established Slate Milk in 2018. Slate Chocolate Milk could be your first step towards a healthy diet because it consists of all natural ingredients, zero sugars and high levels of protein. The campaign will offer a six-pack with two of each flavor for $20. Subscribing to their email is the best way to remain informed about all of their deals. Sure know they say that frequently, but believe them. The company has seen success in both the United States and Canada, with its products being carried in major retailers such as Walmart and Target. To fuel that continued growth momentum, Slate has just closed $3.3 million, an extended seed round following its earlier $1.7 million fundraise in late 2020, putting the companys total funding to around $6 million to-date. However, it is known that the shark tank investors are typically very interested in food and beverage companies, so it is possible that slate chocolate milk was able to secure a deal. Slate Milk - Chocolate 12 Pack - Chocolate Milk LACTOSE FREE: 65% of the world is lactose intolerant. Calories: 108; Copyright 2023 Champagne & Coffee Stains, What I Wish I Knew Before Downloading the 1st Phorm App, I Tried Peak Cocktails and Here's What Happened, How Southside Market & Barbeque Saved Our Big Game Plans, I Tried Rumble Boxing and Here's What Happened, I Signed Up For Annie's Crochet Club and Here's What Happened, Meal Planning Made Easy: A Review of Passionate Penny Pincher Meal Plans, I Ordered a Photowall Mural and Here's What Happened, 2023 Goal Setting and Peloton Feature Wish List. Lisa Binderow entered the Shark Tank in Season 8 wearing her Nice Pipes Apparel. more products. If the amount is close to 25g per serving, consider whether you're going to eat more food later. Save my name, email, and website in this browser for the next time I comment. Because while we may not be health gurus nor gold-medal athletes, we do everything we can to live an active and healthy lifestyle. OneRepublics lead singer Ryan Tedder and entertainment company JDS Sports also contributed to the round. While I waited, I looked up on their site to see if it was safe to drink since they did arrive warm and I was surprised to learn that their drinks don't require any refrigeration at all! With Slate growing 300% in sales from 2020 to 2021, more than 60% of which came from e-commerce, Lubin confirms the unenthusiastic feedback from Shark Tank earlier hasnt really stopped new consumers from trying their lactose-free, ultra-filtered milk product, and the market demand will likely remain strong. I love the smoothness of the flavor and the texture. The milks creators presented their creation on ABCs Shark Tank. Everybody has a Greek yogurt now all the brands have it, he says. We are inbetween the kids chocolate milks and the high-protein bodybuilder type drinks category, but based on feedback, we want to get the protein [currently at 17g/can] up a bit more, and the sugar [currently at 9g/can]down a bit further.. (He and Belinsky say they are lactose intolerant.). The company raised $1.7 million in seed funding in February 2021, which allowed them to expand their distribution to over 3,000 locations, including Giant, Giant Martins, Hannaford, Bristol Farms, Central Market, and Publix. Next into the tank is a grown-up version Of a childhood favorite What up sharks I'm Manny I'm Josh and we Are slate chocolate milk we're seeking 400 000 in exchange for 10 of our Business sharks you can be the happiest Version of yourselves if you Embrace who You are and what you enjoy Lori you can sing in traffic if it makes You smile Mark you can wear that hat if You feel like it's just And . This is thanks to the companys successful launch of its line of premium chocolate milk products. Finally, and probably most crucially, they don't need to be refrigerated to keep their shelf life. Manny Lubin and Josh Belinsky launched their company, Slate, to modernize the classic beverage and make it more appealing to adults, particularly people in their 20s and 30s. Is there anything better? It's fire, it's nutritious, and it's delicious. Not only did the duo plan on creating something that was the product of their shared enthusiasm, but they also wanted to create something that was a little more cool and hip as compared to the traditional Yoohoo. ADD ALMONDMILK TO YOUR PANTRY: Plain, unsweetened almondmilk tastes great in baking recipes, with cereal, or on its own, SHELF-STABLE: Comes in special packaging for convenient, non-refrigerated storage, DELICIOUSLY WHOLESOME: Dairy-, lactose-, and casein-free; absolutely no added sugar, soy, gluten, eggs, or MSG, A NUTRITIONAL ALL-STAR: 50% more calcium than dairy milk ; an excellent source of vitamin E; zero cholesterol; 0g saturated fat per serving; just 30 calories per serving, NON-GMO PROJECT VERIFIED, VEGAN-FRIENDLY ALMONDMILK with no artificial colors or flavors, SHELF STABLE: We use the same pasteurization technique that you see with many current coffee drinks in both cans and glass. Slate Milk is a delicious and nutritious alternative to traditional dairy products that you should seriously consider. Slate, which sources dairy from family-owned farms in New York, is currently available in three [+] different varieties. There was nothing more refreshing than a glass of chocolate milk! Children who are overweight or have heart disease may develop it. Slate Milk is made from 100% organic, grass-fed milk and contains no gluten, soy, or sugar. To pull chocolate milk (or any flavored milk) and replace it with regular requires nothing more than a few strokes of the pen for a pat on the back. Required fields are marked *. Slate products, which are sold in aluminum cans, have much less sugar than regular chocolate milk, and more protein., The decision to nostalgically indulge is actually a solid example of adulting., Theres no doubt that this better-for-you alternative is tasty (and healthy) enough to change that., "I am not in love with the added sugar that the conventional options offer. Their original goal was $400,000 in exchange for a 10% stake in the company. Poor people food can be delicious. They sell them online in 12 packs for $36 ($3 per 11.1 ounce can). In some retailers were in the dairy cooler, in others were in the functional beverage cooler next to single serve coffees and kombuchas and teas, and in Publix, well be in the new age beverages set, explained Lubin,who co-founded marketing firm, Reppr, a job board offering millennials and Gen Z-ers brand ambassador and influencer opportunities, Were still learning what works best, but we dont want to be next to childrens chocolate milks, because thats not where our consumers are going. You may not be a gold-medal athlete or the healthy guru of your gang, but it is never late to start eating and drinking responsibly. Buy products such as Great Value 1% Low Fat Chocolate Milk, Half Gallon, 64 fl oz at Walmart and save. Despite an initial setback, the product has since become widely available in stores throughout the northeastern and eastern United States, through major retailers such as Roche Brothers, Harris Teeter, Whole Foods Market, and smaller supermarkets. Slate Chocolate Milk obtained a seed financing round of $1.7 million in February 2021, allowing them to distribute their product to over 3000 locations. Copyright - Unless otherwise stated all contents of this web site are 2023 - William Reed Ltd - All Rights Reserved - Full details for the use of materials on this site can be found in the Terms & Conditions, Related topics Nope! They hired a consulting firm to help them formulate the final product. There are tons of chocolate milk lovers out there, Lubin said, and people looking for better protein shake or latte options. Weve revolutionized our favorite childhood drink for the modern-day diet These ongoing developments are expected to drive Slate revenue increase by 200-300% next year, according to Lubin, who notes retail will account for the majority of the companys sales by 2021 around 70% with nearly 4,000 locations under major banners, including Publix, Wegmans, Market Basket, Ahold and Whole Foods Needless to say, the Sharks were not impressed by the answer and declined their offer shortly after. Slate: High Protein Chocolate Milks and Lattes - Slate Milk Lactose free 20g protein keto friendly 0g added sugar 1-3g net carbs Naturally occurring electrolytes PRESS "Their lactose-free chocolate milk is rich in protein, vitamins and electrolytes while also offering a great taste." Slate Milk has a lot of nutritional benefits as opposed to traditional chocolate milk. Make sure you know your serving size or else you may go over your planned intake and exit ketosis. 18-Feb-2021 That's Slate. Allulose is a very uncommon low-calorie sugar that is present in figs, maple syrup, and other foods. Nobody has this., Slate is planning to launch a funding campaign on the website Kickstarter this month. Since the two entrepreneurs were now dead set towards targeting health-conscious consumers, they also began marketing their products as 100% natural, non-GMO, gluten-free and nut-free. They researched ways to address those issues, including a process called ultrafiltration, which reduces the amount of sugar and lactose in milk while retaining protein. Slate Chocolate Milk Net Worth Slate Chocolate Milk is a new brand of chocolate milk available online. Ive been a long-time Shark Tank fan and love the show because Im an entrepreneur at heart. Here's what's rad about it. The flavor is great, it tastes just like chocolate milk but without the lactose and sugar added in plus they have potassium and calcium most people need to have more of everyday., Im a sucker for a cold Slate Milk after a hard workout or long day. Get the full list, Morningstar Institutional Equity Research. Its creators, Josh Belinsky and Manny Lubin, first pitched it on Shark Tank. It is true that they did not live up to the hype, but my family and I agree that they were meh. Despite this, they are a viable, if not healthier, substitute for a Starbucks Doubleshot Espresso beverage. Stephen Conway, from Sailsbury, who runs Pure Heavenly Chocolate, pitched his low sugar chocolate, free from dairy, soy, gluten and palm oil free, to the five investors. ), with a hint of chocolate in it. by Justine Pringle | Nov 10, 2022 | Chocolate Types. Those prototype products never made it to the shelves, according to Lubin. 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