TORONTO, ON - APRIL 05:  Kevin O'Leary, Barbara Corcoran and Mark Cuban attend Shark Tank's Kevin O'Leary launches symposium celebrating global entrepreneurship at Casa Loma on April 5, 2018 in Toronto, Canada.  (Photo by GP Images/Getty Images)

Food - News

What Happened To Grease Bags After Shark Tank?
On Season 8 of “Shark Tank,” LaTangela Newsome pitched Grease Bags — compostable, non-toxic, oil-absorbing bags that decompose and get rid of grease in an environmentally friendly way. She accepted a deal from Barbara Corcoran, who offered a $75,000 investment for 50% ownership of the company.
Grease Bags faced some initial issues with manufacturing and material that impacted sales, and Newsome’s deal with Corcoran fell through when she failed to reduce her material cost to justify the retail price point that Corcoran required. She worked hard to meet the rising demands that come with a “Shark Tank” appearance but didn’t have enough money to fulfill all the orders.
Newsome found a solution to the problem in 2017, when she raised the prices and moved the company to a different assembly center in Texas that has affiliations with Mark Cuban. As of July 2022, Grease Bags' website is still functioning, but all products are marked as “out of stock,” so if you want to save the environment — and your wallet from the plumber bill — keep checking the website.