Cabinet Health Shark Tank Update

Sustainable over-the-counter medicine in refillable glass bottles and compostable refill pouches

Fell ThroughNow:OperatingHealth & WellnessSeason 14, Episode 11New York, NYby Russell Gong, Achal PatelWebsite

What Happened to Cabinet Health After Shark Tank

Is Cabinet Health still in business? Yes — still in business.

$25M

reported annual revenue

Deal with Kevin O'Leary and Tony Xu for $500K/7% + 2% royalty until $1M recouped
Expanded into 700+ CVS stores by August 2023
~$25M annual revenue reported in 2023
Named a TIME Best Invention 2024
January 2025: CPSC recall of 65,000 refillable bottles for child-resistance failure
February 2025: Discontinued consumer subscription; pivoted to Powered by Cabinet B2B platform
Partnership with McKesson for sustainable OTC packaging

Last verified Apr 3, 2026.

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The Cabinet Health Shark Tank Pitch

Russell Gong and Achal Patel of New York, NY pitched Cabinet Health on Shark Tank Season 14, Episode 11, which aired Friday, January 13, 2023, asking for $500,000 for 2.5% of the company — a $20M valuation.

Kevin O'Leary and Tony Xu teamed up and agreed to invest $500,000 for 7% equity, valuing the company at $7.1M, plus a royalty of 2. The deal fell through after the show.

Watch the Pitch

Pitch Details

Aired: S14E11Jan 13, 2023
Ask: $500,000for 2.5%
Ask Valuation: $20M

Deal Terms

Terms agreed on air. The deal did not close.

Amount: $500,000
Equity: 7%
Valuation: $7.1M
Royalty: 2 percent