BioSteel Sports Nutrition explained

BioSteel Sports Nutrition Inc.
Type:Private
Industry:Sports dietary supplements
Founded:2009
Founders:John Celenza, Mike Cammalleri
Hq Location City:Toronto, Ontario
Hq Location Country:Canada
Areas Served:-->
Products:beverages, whey protein
Owners:--> DC Holdings Ltd

BioSteel Sports Nutrition Inc. is a Canadian company based in Toronto that produces dietary supplement products for athletes and exercise enthusiasts.[1]

History

Officially founded in 2009 by John Celenza and former professional ice hockey player Mike Cammalleri, BioSteel sports drink was originally sold to professional teams and franchises.[1] [2]

In 2010, Gary Roberts reported that ice hockey players were drinking BioSteel during a Hockey Night in Canada playoff broadcast which led to BioSteel's expansion of their distribution to general consumers. BioSteel is distributed through grocery stores and retail channels across Canada.[3]

In October 2019, Canopy Growth, a Canadian cannabis producer, acquired a 72% stake in BioSteel, with plans to introduce cannabidiol-infused BioSteel products to the market.[4]

BioSteel agreed to a multiyear partnership for sports drinks with the National Hockey League (NHL) and National Hockey League Players' Association (NHLPA) in 2022.[5] [6]

On September 14, 2023, BioSteel Sports filed for Creditor Protection under the CCAA.[7] On September 17, 2023, BioSteel Sports filed for Chapter 15 bankruptcy in Texas.[8]

Hockey camp

BioSteel holds an annual hockey training session of NHL players in Toronto, which lasts four days in late August.[9] [10] Matt Nichol and Gary Roberts, former NHL player, partnered to create a super camp for Toronto-area hockey players.[10] The event, created and organized by BioSteel, is an annual training session before traditional NHL training camps begin.[11] Known as "#Camp," the event takes place at St. Michael's College School Arena.[3] By its second year in 2011, there were 20 NHL players and 16 top prospects in attendance.[9]

All-Canadian basketball game

In 2015, BioSteel and the Athlete Institute launched the high school BioSteel All-Canadian Basketball Game. The competition featured a dunk contest and a three-point contest at Orangeville, Ontario's Athlete Institute, and an all-star game at Ryerson University's Mattamy Centre. The top 24 high schoolers from across Canada took part in the event.[12] [13]

Commercial partners

BioSteel was used by 28 NHL franchises, 14 NBA organizations, 18 MLB teams, and numerous golfers.[1] [6] [9] [14]

BioSteel announced an official partnership with the Toronto Raptors in 2015. The Raptors training facility, which opened in February 2016, was named BioSteel Centre until 2018.[15] [16]

External links

Notes and References

  1. How BioSteel Sports Supplements Has Quietly Infiltrated The Athlete Nutrition Market. Darren Heitner. September 9, 2013. Forbes. November 30, 2015.
  2. Web site: BioSteel sports drink to make U.S. foray In Texas with Dez Bryant endorsement. January 13, 2015. Alex Silverman. Dallas Business Journal. November 30, 2015.
  3. Web site: Goodbye Gatorade: how Biosteel is (very quietly) taking over the NHL. April 2, 2015. John Lorinc. Canadian Business. November 30, 2015.
  4. Web site: Canopy Growth And BioSteel To Introduce CBD Products To Sports Nutrition Market. LoRĂ©. Michael. Forbes. en. November 22, 2019.
  5. Web site: BioSteel named official hydration partner of NHL, NHLPA . 2022-08-11 . NHL.com . en-US.
  6. Web site: Michael LoRĂ© . BioSteel Named Official Hydration Partner Of NHL, NHLPA . Forbes. 22 February 2023 . 7 July 2022.
  7. Web site: BioSteel Files For Bankruptcy. September 14, 2023. September 14, 2023. Sportico. en.
  8. Web site: BioSteel Sports files for Chapter 15 bankruptcy in Texas court. September 17, 2023. September 17, 2023. Bloomberg. en.
  9. Web site: Move over Gatorade, there's a new fuel for NHL players. August 23, 2011. The Globe and Mail. November 30, 2015.
  10. Web site: NHL stars' offseason hockey camp has a viral edge. August 29, 2014. Michael Blinn. Sports Illustrated. November 30, 2015.
  11. Web site: NHL stars havin' fun at BioSteel summer camp . Allan Muir . August 20, 2015 . Sports Illustrated . November 30, 2015.
  12. Web site: BioSteel all-Canadian basketball game to showcase country's top high school talent. Alex Ballingall. April 13, 2015. The Star. November 30, 2015.
  13. Web site: BioSteel All-Canadian game will help put Canadian ballers on the map. Jason Shergill. April 7, 2015. The Gateway. November 30, 2015.
  14. Web site: McDavid, Hall combine to win BioSteel Cup. Luke Fox. August 20, 2015. Sports Net. November 30, 2015.
  15. Web site: Raptors announce BioSteel as official partner, namesake of new training facility. Gino Bottero. 13 November 2015. The Score. November 30, 2015.
  16. Web site: Raptors Welcome BioSteel As Official Partner. November 11, 2015. Sun Times. November 30, 2015. https://web.archive.org/web/20151208055807/http://buffalo.suntimes.com/toronto-raptors/7/116/223278/raptors-welcome-biosteel-as-official-partner. December 8, 2015. dead.