I cover exclusive financial news of the food & beverage industry. Both being lactose intolerant, they aimed to create a lactose-free chocolate milk beverage that was more appealing than the ones they had as children. This is thanks to the companys successful launch of its line of premium chocolate milk products. As a dessert alternative? . Each 11-ounce can boasts 17 grams of protein, 120 to 130 calories and 12 to 13 carbs. What Happened to WiSpots after the Shark Tank Pitch? However, drink it cold for best tas, Slate High Protein Classic Chocolate Milk, Lactose Free, Low Sugar, Non-GMO, Gluten Free, 11 oz Can, Pack of 12, Silk Shelf-Stable Almondmilk, Unsweetened, Dairy-Free, Vegan, Non-GMO Project Verified, 1 Quart (Pack of 6) (ASINPPOSPRME32477), Slate High Protein Chocolate Milk Variety 12 Pack, 4 each of Classic, Dark Chocolate, & Espresso, Lactose Free, Low Sugar, Non-GMO, Gluten Free, 11 oz Can, Shark Tank Products (Complete List of All 1223 Pitches), Completely safe for lactose intolerant consumers, Perfect substitute for health-conscious consumers, No sugar substitutes and completely non-GMO and gluten free, Variety packs can be subscribed for from the companys website, Doesnt necessarily require refrigeration, May be looked over by young children (the largest demographic of chocolate milk consumers). His creation is a healthier alternative to traditional chocolate milk and is lactose free. Furthermore, the products are also available on the website, wherein they can be purchased online. The company is also expanding its business in Russia. Abda notes that while coffee brands such as La Colombe, Starbucks, and High Brew have successfully sold cold coffee in cans, it remains to be seen how consumers react to drinking milk from a can, and what the drinking occasion will be. After the gym? Slate Chocolate Milk is a new brand of chocolate milk available online. So, while this sounds good on paper, it makes you wonder if the taste gets nerfed from all the healthy benefits it boasts about. Depending on the type, 1 cup (240 ml) of chocolate milk provides ( 1, 2 ): Calories: 206 Protein: 8 grams Carbs: 26 grams Sugar: 24 grams Fat: 8.4 grams Calcium: 21% of the Daily Value (DV). But they found it perplexing that it wasnt a beverage adults drink regularly. If you have a heart condition, diabetes, or obesity, you should limit your chocolate milk consumption to no more than three portions per day. ), with a hint of chocolate in it. Currently, Slate is available at 5,000 retail locations, including Wegmans, Market Basket, and Harris Teeter. and we're lactose free. Boston-based startup Slate Milk which gives adults permission to keep drinking chocolate milk by dialing down the sugar, increasing the protein and packaging it as a functional beverage in shelf-stable cans - has raised $1.7m in a seed round (taking its cumulative funding to $2.5m) and secured listings in 3,000 stores. What Happened to Wedding Wagon after the Shark Tank Pitch? Then, by June 2020, was acquired by The Forest Farmers, a company based in Upstate New York that was founded in 2016 by his mentor, Michael Farrell. As a point of comparison, 11oz of TruMoo chocolate whole milk has 11g protein, 32g sugar and 275 calories. These include the Classic Chocolate, Dark Chocolate and Mocha Flip (which consists of 150mg of caffeine). The modern chocolate milk drinks are available in varieties like the smooth and creamy Classic Chocolate Milk, Dark Chocolate Milk and Mocha Flip, which combines chocolate milk with . Those are the two things that stop young entrepreneurs. Descriptions: Manny Lubin and Josh Belinsky, founders of Slate, a Boston-based startup, want the Sharks to invest in their chocolate milk for millennials in episode 1124. The chocolate bars,. Cocoa (processed with alkali), Cellulose Gel, Sea Salt, and Monk Fruit (which adds an extremely high amount of sugar) are just a few of the ingredients. Josh Belinsky and Manny Lubin established Slate Milk in 2018. A cup of chocolate milk contains 4.5 percent of the daily requirement for vitamin D, 9 grams of protein, and 10 percent of the daily requirement for vitamin A, all of which can contribute to weight gain. Slate Milk - Chocolate 12 Pack - Chocolate Milk LACTOSE FREE: 65% of the world is lactose intolerant. While milk is not required to be refrigerated, it should be chilled if desired. So they started interviewing fellow millennials as well as older adults about why they didnt drink chocolate milk. Slate Chocolate Milk is certified kosher. It was because of this desire that they created the company after realizing how many people were looking for a healthier and sustainable dairy option. Slate Chocolate Milk is now available in a number of locations throughout the northeastern United States and down the east coast. That's Slate. Despite the growing hype around dairy alternatives, a category that will grow at an estimated 23% CAGR between 2020 and 2027 to reach at least $5.1 billion in the U.S., according to PitchBook data, Lubin said Slate is not in a rush to jump on the bandwagon. Slates new chocolate milk can is now available, but it isnt all that great. The two entrepreneurs later made the company available to the public, and the Sharks took notice. More : Manny Lubin and Josh Belinsky, founders of Slate, a Boston-based startup, want the Sharks to invest in their chocolate milk for millennials in episode 1124. Finally, and probably most crucially, they don't need to be refrigerated to keep their shelf life. Never would be an appropriate answer. Slate pivots itself as a sustainable brand as its products are packaged in 100% recyclable aluminum [+] cans. 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. Because while we may not be health gurus nor gold-medal athletes, we do everything we can to live an active and healthy lifestyle. 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." OneRepublics lead singer Ryan Tedder and entertainment company JDS Sports also contributed to the round. The last one I tried was the espresso. Slate Chocolate Milk is a milk substitute that has a lower sugar content and is made with monk fruit extract. Slate Milk - High Protein Shake, Variety Pack, Classic Chocolate, Dark Chocolate, Mocha Latte, 20g Protein, 0g Added Sugar, Lactose Free, Keto, All Natural (11 oz, 12-Pack) Visit the SLATE Store 864 ratings | 8 answered questions Amazon's Choice in Sports Nutrition Ready to Drink Protein by Slate $3999 ($0.30 / Fl Oz) Flavor Name: Variety Pack And it uses the natural sweetener monk fruit to maintain the right level of sweetness. Everything is marketed toward kids, he says. 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. 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. In 1866, It founded by George and Charles in Cham, Switzerland. It is made from family farms in New York. 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 . 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. This is top-tier, premium chocolate milk. Since many dairy farmers have complained that non-dairy milk substitutes are tearing away all of their profits, Slate has promised to always use real milk in their production. Not only does it taste amazing, it's exactly what my body needs everyday. lower sugar, higher protein chocolate milk. Chocolate milk-lovers can rejoice, because there is an adult-friendly option now that is lower in sugar, delivered in a sleek aluminum can, and comes in varieties you won't find in the school cafeteria. 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. Weve revolutionized our favorite childhood drink for the modern-day diet I remember every day at lunch getting it with my school lunch and always looking forward to it. For the sake of the planet! The duo went through about 100 iterations of the three flavors that Slate will be launched with: Classic Chocolate, Dark Chocolate, and Mocha Flip, which contains 150 milligrams of caffeine about the same as in a Starbucks grande cappuccino. The next one I tried was the double chocolate. The three flavors they have taste like chocolate milk but are lower in calories and saturated fat. Is there untapped demand for chocolate milk in a can? Who said healthy meant sacrificing taste? Follow him on Twitter @ScottKirsner. Yes please! Slate was valued at $4 million during the pitch process. Since then the company is still operational and hence the company net worth might have be higher than that of pitch. 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. Slate Milk sent me a sample pack to try out and in this blog post I'll share with you my honest thoughts on the milk and if it's worth buying. This round is led by a group of reputable CPG entrepreneurs and investment groups, including Peter Rahal, founder of RXBar; Halo Tops cofounder Doug Bouton; Yasso Frozen Greek Yogurts cofounders Drew Harrington and Amanda Klane; MVMT Watches cofounder Jake Kassan; Nick Rellas, cofounder of Drizly; as well as Skyview Capital and Riverpark Ventures. Slate - ultra-filtered, high-protein, lactose-free chocolate milk in shelf-stable cans that adults won't be embarrassed to carry around is now available direct to consumer (DTC) via Slatemilk.com and Amazon, and will be in roughly 3,000 stores by the end of March, said Lubin, who founded the company with college friend Josh Belinsky in 2018. Their idea for the drink was born out of their desire to create a lactose-free chocolate milk alternative. I love the smoothness of the flavor and the texture. This food is safe for the keto diet. Even though Slates Chocolate Milk may be the only product for lactose intolerant consumers that uses 100% natural milk, there are a few alternatives in the market. It is an excellent choice for health-conscious consumers. A cup of chocolate milk contains up to 30 grams of sugar, which can contribute to One cup of whole-fat milk contains approximately 8% saturated fat, which is always a concern. 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! When the founding duo presented their early prototype on Shark Tank back in 2019, the judges were unimpressed: Oh, I do not like that at all! Mark Cuban was heard yelling after taking a sip. Is there anything better? As tempting as this offer was, the Sharks werent all that motivated to invest in a product that could only be described as chocolate milk for older people. There is no caffeine in slate chocolate milk. Required fields are marked *. Slate Milk contains no lactose and is 100 percent vegan. Arrives by Fri, Jan 13 Buy Slate Milk - High Protein Shake, Classic Chocolate, 20g Protein, 0g Added Sugar, Lactose Free, Keto, All Natural (11 oz, 12-Pack) at Walmart.com 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. Markets And last year Land OLakes launched an accelerator program in Minnesota for dairy entrepreneurs working on products such as organic ice creams and new kinds of cheese spreads. Slate sources its milk from family-owned farms in New York. Departments. Shop for Chocolate Milk in Flavored Milk. Slate Chocolate Milk is gluten-free, kosher, and nut-free. Slate Lactose Free Chocolate Milk contains 17 grams of protein and nine grams of sugar, with 120 calories and no fat in a can. Nope! 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. Yes! When a couple of millennials cant share their love for chocolate milk because of their lactose intolerance, what do you think theyll do about it? With dairy and soy, high fructose corn syrup, and other additives, yoo-hoo does not contain wheat products. Well, weve already mentioned how the cofounders have found a way to reduce their chocolate milks sugar levels while making it a safe food for lactose intolerant consumers. it's worth noting that the fast-growing yogurt company Chobani, founded only in 2005, has about $1.5 billion in annual sales. Contact Information Website www.slatemilk.com Ownership Status Privately Held (backing) Financing Status Of course, since were talking about chocolate milk here, you wouldnt be able to tell the difference between the oldest products in the market and Slates can of rich and healthy milk. Make sure you know your serving size or else you may go over your planned intake and exit ketosis. Boston-based startup Slate has closed $3.3 million in an extended seed round to expand its chocolate [+] milk business. Nutrition: Per 7 oz ( bottle): 125 calories, 2 g fat (1 g saturated fat), 115 mg sodium, 20 g carbs (<1 g fiber, 18.5 g sugar), 7 g protein. Bigger changes-eliminating the giant cinnamon . Slate Chocolate Milk is completely gluten-free. What to Eat Before and After Your Workout. Chocolate milk is high in calcium, vitamins A and D, potassium, and protein, among other things. 1.1K. Kosher Slate Chocolate Milk has no sugar added, and uses an ultrafiltration process to filter the natural sugars found in milk. Win whats next. But Belinsky contends millennials want to support brands that are the underdog, and they like the startup approach to things., It seems like everyone is reimagining milk these days coconut milk, oat milk, almond milk, soy milk, and now real milk without the lactose, says Jen Faigel, executive director of Commonwealth Kitchen, a Boston nonprofit that supports food entrepreneurs. 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. order online! The Yoo-Hoo cans may be a better substitute for chocolate milk than the real thing, but they are not as good as it is. It's fire, it's nutritious, and it's delicious. Soup-To-Nuts Podcast: How will the CPG space change in the next 10 years? Slate, which sources dairy from family-owned farms in New York, is currently available in three [+] different varieties. Yes, chocolate milk is healthy. Math equation: 26 - 9 = 17 IMPORTANT: Net carbs are per serving. $39.99. I also like that unlike regular chocolate milk it is packed with 20g of protein, which makes this perfect as a breakfast drink to bump up your morning protein or to enjoy after a workout. Net carbs are calculated by subtracting fiber from total carbs. When we ultra-filter our milk, we also remove some of the water naturally in milk, which gets sent back to our partner farms. What Happened to Wine & Design after the Shark Tank Pitch? Sugar reduction Theyll soon find out. This means, for every pound of plastic we use, we remove it from the planet, he added. 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. However, as with all foods, chocolate milk is high in sugar. The Henri Nestle created a milk product and started marketing. This clearly wasn't the same chocolate milk I drank as a kid! The milk taste just like the chocolate milk you remember from when you were a kid, but are loaded with more protein and less sugar. Lisa Binderow entered the Shark Tank in Season 8 wearing her Nice Pipes Apparel. Lactose can make people feel off or slow, Lubin 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.. We simply review the products and services that we like from the show. Among the companys early investors is Stu Klane, a retired food broker who lives in Canton and has relationships with many of the regions supermarket operators. Customers can purchase all flavors on Amazon, but they are not available by subscription. Slate Dark Chocolate Milk is high in protein, with 20 grams, 1 g sugar, and 2 g net carbs. Videos. More specifically, they were worried about the pre-sales pitch after accepting the offer since they didnt have any sales to show for themselves. In order to create a shelf-stable product, the cans go through the retort process (think a large pressure cooker). The minimalistic designs on the can make them an attractive product for young adults who wouldnt want to be caught drinking out of a bottle printed with cartoon cows. more products. Though Josh is no longer employed by the company, he remains as an executive. However, drink it cold for best taste! The beverage is priced at $3 per 11.1-ounce can. Even though Shark Tanks investors thought this chocolate milk was for older people, Slate has targeted their marketing efforts towards young adults. Slate Milks benefits include lower fat and sugar levels than regular chocolate milk. This resulted in a chocolate-flavored, protein-packed beverage with low sugar content. It hopes to benefit from the rising demand for dairy products in Russia. See our full disclosure here. Yeah, it's not anything like those traditional Yoohoo milk bottles! Slate Milks co-founders tested many lactose-free chocolate drinks before developing the perfect formula. Since then the company is still operational and hence the company net worth might have be higher than that of pitch. Slate Milk is a chocolate milk product that claims to be healthier than traditional milk. Slate is on a mission to give chocolate milk a clean slate. The Northeastern University alums bonded over a shared affinity for chocolate milk. Enter: Slate. Additionally, slate chocolate milk is flavored with natural chocolate, while fairlife is flavored with artificial chocolate. Plant-based food and beverage sales are booming, thanks to a growing desire among consumers for healthier food options, with sugar among the top ingredients T. Hasegawa USA | 10-Jan-2023 Is there anything better? 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. Manny Lubin and Josh Belinski co-founded the firm in 2018. Slate is delivering both of these things.". Nonetheless, yoo-hoo is not the healthiest option available and includes tons of sugar. Viewsport Shark Tank Update. Now, Slate is available in a wide variety of retail stores and consumers can also choose to order their products directly from their website. The beverage is priced at $3 per 11.1-ounce can. 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. Their original goal was $400,000 in exchange for a 10% stake in the company. SHELF STABLE: We use the same pasteurization technique that you see with many current coffee drinks in both cans and glass. Buy products such as Great Value 1% Low Fat Chocolate Milk, Half Gallon, 64 fl oz at Walmart and save. What Happened to Twister Golf Ball Cleaner after the Shark Tank Pitch? All three flavors are made with skim milk, cane sugar, cocoa and monk fruit, the latter of which is added for extra sweetness. Each ingredient contains a different amount of caffeine. Poor people food can be delicious. This is thanks to the company's successful launch of its line of premium chocolate milk products. It is made using a process known as ultrafiltration, which eliminates most of the natural sugars from milk. ). Terrible. This one was also very smooth but tasted a little thicker and richer than the regular chocolate milk. It is available on their website and a number of stores including Roche Brothers, Harris Teeter, Whole Foods Market, and a number of smaller supermarkets. Lactose is a naturally occurring sugar that is hard for many people to digest. Slate Milk is also 100 percent lactose-free. Hi! Typically, standard items are delivered within 4-10 business days. Slate Milk - High Protein Shake, Classic Chocolate, 20g Protein, 0g Added Sugar, Lactose Free, Keto, All Natural (11 oz, 12-Pack) Add. Your email address will not be published. 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! Furthermore, it contains 20 grams of protein, making it an excellent choice for breakfast or after-workout snacks. Skip to Main Content. If the amount is close to 25g per serving, consider whether you're going to eat more food later. It seems like an interesting innovation, although it requires a lot of consumer education.. The brand is still learning what is resonating with shoppers, but from early feedback online, the key usage occasions are breakfast, the 3pm pick-me-up, and post workout, said Lubin, who has brought in a series of new hires in recent weeks to support the retail expansion and fast-growing DTC business. Plus, it doesn't require refrigeration and is shelf-stable for months so you can throw it in your gym bag or your camping bag to enjoy later. the platform has probably saved us nearly five years' worth of waiting. Dairy In 2018, Josh Belinski and Manny Lubin founded the company. Manny has a degree in Marketing and Communication from Northeastern University and has previous experience in the industry from co-founding another firm. | Insight Guide. Slate Milk is about $3 a can and can be purchased on their website as either a 12 pack, 24 pack or 48 pack. Those prototype products never made it to the shelves, according to Lubin. Remilk pauses plans for worlds largest precision fermentation plant, focuses on growth, VIDEO: Postbiotic scientific discoveries boost consumer awareness, Latin empanadas, handmade cinnamon rolls and Safe Space cookies get a boost from SKU, Review discusses legume peptide potential for diabetes treatment. If you are lactose intolerant or want to keep an eye on your sugar intake, this could be a good option. Lactase enzyme, vitamin A Palmitate, and Vitamin D3 are all included. 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. She hoped to land a deal with the sharks for $100,000 in exchange for 10% equity. Slate Milk is an innovative beverage that is full of protein, vitamins, and electrolytes. In terms of post-workout nutrition, there are a few things to keep in mind. Its available in a variety of flavors and is sold directly to consumers. If starting a company to disrupt dairy consumption habits seems a little strange, its worth noting that the fast-growing yogurt company Chobani, founded only in 2005, has about $1.5 billion in annual sales. There are a few key differences between slate chocolate milk and fairlife. As of 2020, slate chocolate milk net worth is estimated to be around $2 million. Scott Kirsner can be reached at kirsner@pobox.com. Net Worth of Slate Chocolate Milk The company valuation was $4 million during and after the pitch. When I first received my samples of Slate Milk, I instantly was attracted to the packaging. Yes! Slate Milk filters their milk to remove lactose sugars and then adds in a little water to bump up the protein. Its creators, Manny Lubin and Josh Belinski, are seeking investments for production and distribution. 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. Beverage And since this milk is sweetened with monk fruit instead of sugar, the resulting drink only provides 9 grams of added sugarabout 75% less than other chocolate milk options. I'm a mom from Minneapolis and am obsessed with my Peloton bike and Tread! It's currently only available for pre-order on their website, but they will ship to their backers in October 2019. As Lubin puts it, You wouldnt walk into a business meeting carrying a container of kids chocolate milk.. Northeastern graduates Josh Belinsky and Manny Lubin. Most young entrepreneurs dont know how to sell the product into a supermarket chain, and they dont have any money, Klane says. After a year of development, Slate milk cans have reached retail stores and Costco shelves. Slate chocolate milk will be sold in cans. Visit RxSugars website to learn more about Allulose and our partner. Trendspotter Reinventing chocolate milk: Triple digit growth for Slate Milk, an 'all natural strength' brand . This beverage is also high in protein and healthy fats, making it an excellent choice for those looking for a nutritious beverage. A second thing you should do is ensure that you have enough drinking water. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. As a result, they are completely compliant with the AWA (Animal Welfare Act) and conduct all of their operations in an ethical and professional manner. 5 Tips For Caring For Human Hair Extensions, The Benefits of Minimal and Barefoot Footwear, 5 Factors to Consider Before Buying Kratom. The founders were originally from the United States. For nutritional information, use the side panel. Entrepreneurs to watch "Pussy" is a hard word to say in general, with a straight face. 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