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Mikaila Ulmer's Me and the Bees lemonade brand reaches $10.2M in revenue, reports $250K to bee conservation efforts in "Shark Tank" update

She appeared on an episode with her dad when she was nine and struck a deal with shark Daymond John. He offered $60,000 for 25 per cent of the business.

Mikaila Ulmer's Me and the Bees lemonade brand reaches $10.2M in revenue, reports $250K to bee conservation efforts in "Shark Tank" update
Mikaila Ulmer, CEO and founder of Me and the Bees lemonade. LINKEDIN PHOTO

Returning from Season 6 of “Shark Tank,” Mikaila Ulmer, CEO and founder of the Me and the Bees lemonade brand, provided a company update.

She appeared on an episode with her dad when she was nine and struck a deal with shark Daymond John. He offered $60,000 for 25 per cent of the business.

“It’s crazy to think that I’ve known Mr. Daymond for more than half of my life,” Ulmer said in the update during the episode. “He took me in despite me being only nine years old. As a Black woman entrepreneur, being taken seriously is very hard, so it was so important to have someone as influential and established as Mr. Daymond backing the brand.”

Before the deal, the company had $40,000 in sales. Now 18 years old, Ulmer’s company has made $10.2 million in sales, she said in the update.

“Mikaila has the DNA of an entrepreneur. She’s created such a brand, and I don’t see any end to her success,” John said. “(This is) the most powerful generation we’ll ever have. All of you are passionate about something, and you can change the world by connecting with people who share your passion. I’m going to clean up the ocean, I’m going to stop human trafficking, and I’m going to save our bees. I’m so happy and proud of Mikaila.”

Her line of five drinks is available at Whole Foods Market, Target, Publix, The Fresh Market, World Market, Costco, H-E-B, and Kroger.

Also remarkable is that 10 per cent of her sales go toward saving the bees, a noble cause for the Black entrepreneur who dedicated her life to learning about the species after being stung when she was four.

“There were times when we weren’t making a profit, and we were still donating to organizations that were saving the bees. We’ve contributed $250,000 to our cause. Leading up to Shark Tank, Me and the Bees were sold in 40 locations across Texas. Today, Me and the Bees is sold in all 50 states.

Mikaila Ulmer and her father during an episode of "Shark Tank", which aired on March 20, 2015. JORDAN MAXWELL SCREENSHOT

A freshman at Emory University in Atlanta studying business administration, Ulmer has been travelling across the U.S. to inspire young entrepreneurs who want to become social founders and make an impact.

She also announced a DIY kit for customers and previously released a book called “Bee Fearless: Dream like a Kid.

“My dream is to use my experience growing Me and The Bees to fund other youth and minority-owned businesses; sounds like I need to be a shark!”