Will 'Shark Tank' Bite On Eathlog Green Fire Logs?

Made from 100% recycled materials, Eathlog's green fire logs make it possible to have an environmentally friendly fire.

Made by American Green Products, Earthlog fire logs burn hotter than wood, create up to 80% less smoke and the minimal smoke you do get, actually smells good. The company explained how on its website:

That's because we make the Earthlog using a closed loop, zero-waste production process and we use just two simple ingredients: clean waste paper and fully refined, scrap candle wax. Our raw materials are locally sourced as well. We know the Earthlog is a great product, but at AGP, we want to be more than just a great product, we want to be a great company. That's why we give back to our community.We work together with local non-profit organizations to help those in need through job training programs and fundraising through waste paper collection programs.

The company entered the "Shark Tank" seeking $160,000 for 20% of his company

Tom Sanetti entered the Tank to pitch the Sharks. "Our motto is simple: More heat, less smoke, pleasant scent," he said.

"I'm your number one customer and I've never heard of you" Kevin O'Leary said.

Sanetti said his product sell for less than the customer. He claimed $200,000 in sales in the last four years, $50,000 in the last 12 months. The product is currently only sold in California.

"This is a commodity business," O'Leary said saying that you have to be sold in Costco and Home Depot due to inventory problems.

Multiple national retailer have expressed interest, but the company is not able to fill the orders.

Mark Cuban dropped out because "it's not yet a company."

Nick Goodman, a guest Shark, agreed with Cuban and dropped out as well.

Daymond John loved the product but felt it was too early to invest.

O'Leary felt the company was not ready for investment yet and dropped out.

That left Lori Grenier, who admitted loving the product. She offered $160,000 for 35% of the company.

The offer was accepted.