RI Company Ranked as One of Mark Cuban’s Best ‘Shark Tank’ Investments

RI Company Ranked as One of Mark Cuban’s Best ‘Shark Tank’ Investments

It all started in 2013 on Season 4 of the TV series Shark Tank, when Rhode Island’s Nuts ’N More appeared and received $250,000 from Sharks Mark Cuban and Robert Herjavec for 35 percent of the company.

When the company appeared on the show, its sales were just $100,000.

GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST

Two years later on an update segment of Shark Tank— sales had risen to $6 million after a deal with retailer GNC.  SEE Shark Tank Update Above

In 2018, according to Inc. Magazine sales have grown to more than $30 million. The magazine ranks the Rhode Island startup as Cuban's second-best investment on the show.

Peter Ferreira, CEO of Nuts 'N more tells GoLocal about working with Cuban, “He’s always 10 years ahead and has honesty shaped the direction of this company.  We have regular monthly meetings and he’ll dive right into the weeds at times. It’s crazy! “

“Frankly I have no idea how he does it and keeps track of everything. He’s extremely generous and all he wants in return is for his investments to give it 1000% effort + a return, of course, lol,” adds Ferreira.

Now, Inc. magazine ranking joins Fortune magazine’s designation in 2016 that Nuts ’N More is one of the top 10 Shark Tank investments of all-time.

Who is ranked #1? Tower Paddle Board according to the Inc. ranking.