Pans Mushroom Jerky Net Worth In 2022

Michael Pan is the founder of the Vegan Mushroom Jerky brand, known as Pans Mushroom Jerky. He went to the popular ABC show, Shark Tank looking for a deal of at least $300,000 in exchange for 10% equity in his company.

In the 6th episode of the 12th season of the show, Michael did everything he could to sell his business model and brand to the sharks.

Pan's Mushroom Jerky Variety Pack

Pans Mushroom Jerky is a firm that sells plant-based mushroom jerky. Their products are the perfect snack for vegans while also being Kosher, soy-free, paleo-friendly, and gluten-free. You can learn about Pans Mushroom by watching this Youtube video and following them on Instagram.

How Was The Pans Mushroom Jerky Firm Launched?

Michael Pan began the Mushroom Jerky firm after he was introduced to the product when he visited Malaysia. Most of Michael’s family members are vegetarian Buddhists and his cousin allowed him to try the dish. Michael explained that he first thought he was eating meat due to the texture.

He immediately saw a gap in the market and then decided to launch Pans Mushrooms in 2018. The company was launched under his brand, Panco Foods.

What Happened On shark Tank?

Michael Pan came on the Shark Tank show with high hopes of impressing the Sharks and, in turn, securing an investment of $300,000 in exchange for 10% equity in the company. To make his pitch successful, he had to sell his product to the team and explained that his product is quite cheap to produce.

Notably, his profit margin can become significantly high. To his luck, Mark Cuban made him an offer of $300,000 for an 18% share of the company. That was a deal that Michael Pan was too happy to accept. As of May 2022, the company was estimated to have a net worth of around $2.2 million and is projected to grow further in the coming months and years.

Pan's Mushroom Jerky From 'Shark Tank'

Where Is The Company Today?

Pan’s Mushrooms recorded huge success after the appearance on the Shark Tank episode. The Vegan Mushroom Jerky product is manufactured in Portland, Oregon, and is available in more than 1000 stores across the United States. Some of the notable stores include popular stores like Whole Foods, Walmart, and Ralphs.

Notably, they now have more than 7 flavors of Shitaki Mushroom Jerky that consist of Applewood BBQ, Salt & Pepper, Zesty Thai, Curry, and Teriyaki flavors. The products are not only available in these stores, but can also be purchased straight from their online shop or from Amazon. That way, their products will get delivered straight to your doorstep.

You may also choose to buy gift cards from their online store which have proven to be great birthday gift ideas for friends and families.

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