Line a baking sheet with wax or parchment paper. Set aside.
Spread peanut butter on 3/4 of each dog stick treat. Set on baking sheet and freeze for 5 minutes. (This makes it easier to apply the bacon).
Sprinkle the crumbled bacon onto a plate and roll each stick in it to cover the peanut butter. Freeze for 10 minutes to help the bacon stick to the peanut butter.
Store in an airtight container and refrigerate for up to one week.