Cabinet Health
Sustainable over-the-counter medicine in refillable glass bottles and compostable refill pouches
Pitch Details
Season / Episode
S14E11
Jan 13, 2023
Ask
$500,000
for 2.5%
Ask Valuation
$20M
Deal
$500,000
for 7%
Watch the Pitch
Deal Terms
Amount$500,000
Equity7%
Valuation$7.1M
Royalty2 percent
Kevin O'Leary
Tony XuWhat Happened Next
Operating
$25M
reported
- 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
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