Colorado company that sold CBD in Dick’s Sporting Goods stores files for bankruptcy

A Colorado-based CBD company that sold a line of cannabidiol products at Dick’s Sporting Goods stores nationwide has filed for Chapter 11 bankruptcy protection.

Myaderm, a company in Englewood, said in its June 28 bankruptcy filing that it owed creditors somewhere between $1 million and $10 million. The company estimated its assets at between $500,000 and $1 million.
Myaderm started selling its CBD Sport Cream at 200 Dick’s Sporting Goods stores around the country in December 2019. Myaderm also was selling at 35 Golf Galaxy stores nationally.

At the time it started selling Myaderm’s products, Dick’s Sporting Goods senior buyer Regan Drew said the company was “excited to now offer CBD products as part of our sports-medicine offering.” The sporting goods chain is based in Corapolis, Pennsylvania.