BioSteel Mike Cammalleris company owes a huge sum

BioSteel, Mike Cammalleri’s company, owes a huge sum

Sports drink maker BioSteel filed for bankruptcy protection last week. The company, co-founded by former hockey player Mike Cammalleri, owes a total of more than $439 million.

The list of creditors was published by the consulting firm KSV, which made it possible to know all manufacturers, dealers and sellers who did business with BioSteel.

The company owes tens of thousands of dollars to several sports teams, including the Carolina Hurricanes, Brooklyn Nets and Philadelphia 76ers. However, the big losers are the United States Soccer Federation ($675,765), the Miami Heat ($953,368) and the Los Angeles Lakers ($2,564,275).

NHL Enterprises, which belongs to the National Hockey League, was also set to receive $8.7 million.

Cammalleri, who wore the Montreal Canadiens jersey between 2009 and 2012, founded BioSteel in 2009 with entrepreneur John Celenza. The 41-year-old Ontarion’s name is also one of the creditors, for a sum of around $12,000.

BioSteel has been owned by Canopy Growth, a company specializing in cannabis products, since 2019. However, it withdrew its financing and the search for a new owner has reportedly begun.