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Hapbee Technologies, Inc. (HAPBF) is a digital wellness technology company based in Vancouver, BC. They focus on helping individuals enhance sleep, productivity, focus, recovery, and downtime. Their innovative Wellness Blends and Routines utilize patented ultra-low radio frequency energy (ulRFE®) to optimize user experiences without the use of stimulants or chemicals. Hapbee recently welcomed renowned sleep expert Nancy H. Rothstein, MBA, and multi-talented entrepreneur Heather Thomson as strategic advisers and equity investors. Additionally, they entered into a media partnership with a360media to expand their reach. The company aims to empower people to take control of their well-being through their devices and subscriptions available for purchase at Hapbee.com and select distributors, including Target and Target.com.
Hapbee Technologies has launched its Smart Sleep Pad and Sleep-Only Membership to address global sleep issues. The new membership, priced at $10 per month, provides access to the company's digital wellness solution featuring advanced signal technology. The Sleep Pad includes enhanced signals for Deep Sleep, Bed Time, Power Nap, and Relaxation, designed to help users fall asleep faster and stay asleep longer without substances or side effects.
The company has also partnered with Jumeirah Hotels in Dubai, integrating Sleep Pads into select properties to combat travel-related sleep disturbances. Hapbee encourages users to track their sleep metrics using sleep trackers to monitor the technology's effectiveness.
Hapbee Technologies announces a partnership with Jumeirah Hotels to launch a digital sleep and spa enhancement program. The initiative will debut at Talise at Jumeirah Al Qasr and expand to selected Jumeirah properties worldwide by 2025. The program features Hapbee's patented technology that digitally bio-streams compounds like caffeine and melatonin through Smart Sleep Pads and Immersive Mattress Toppers. Guests will have access to custom-engineered Jumeirah Sleep Blends and the option to purchase Smart Sleep Pads for home use. The Talise Spa will also offer Hapbee Neckbands for enhanced relaxation during treatments.
Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1), a leading provider of wellness wearable technology, has appointed Mr. Abdulla Al Zain to its Board of Directors effective September 16th, 2024. This appointment signifies Hapbee's commitment to expand in the Middle East and globally. Mr. Al Zain, who succeeds Robert Dzisiak, brings extensive experience in hospitality, sports, and financial services across Europe and the Middle East.
Yona Shtern, CEO and Chairman of Hapbee, expressed excitement about the company's direction and Mr. Al Zain's potential contributions to implementing their aggressive growth strategy. The company expects to provide business development updates in the coming weeks. Additionally, Hapbee granted 8,257,905 Restricted Stock Units (RSUs) to Consultants, with 4,208,074 RSUs issued to Officers of the Company on September 17, 2024.
Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) is expanding its retail presence by introducing its Smart Sleep Pad to over 300 Target stores nationwide starting October 2024. The product, priced at $199, is part of Target's Digital Health program and comes with a 100-day satisfaction guarantee and a free 30-day Hapbee subscription. This expansion aligns with Hapbee's growth strategy and mission to improve overall wellness through innovative solutions.
Target, ranked as the 6th largest U.S. retailer, is known for embracing emerging consumer trends like digital wellness. The partnership is seen as a positive indicator for Hapbee, potentially increasing consumer reach and awareness. Hapbee's technology uses ultra-low radio frequencies to offer a non-chemical alternative for optimizing sleep, mood, and productivity, addressing the widespread issue of insufficient sleep among U.S. adults.
Hapbee Technologies (TSX-V: HAPB) (OTCQB: HAPBF) has successfully closed its non-brokered private placement, raising CA$2.72 million. The company issued 22,693,753 units at CA$0.12 per unit, each comprising one subordinate voting share and half a share purchase warrant. Each whole warrant allows the purchase of an additional share at CA$0.24 until July 26, 2026, with potential acceleration if share prices exceed CA$0.50. The funds will support product and business development, as well as working capital. All securities are subject to a four-month hold period ending November 27, 2024. No finder's fees were paid for this offering.
Hapbee Technologies announced the closing of a non-brokered private placement, raising $2.7 million CAD at $0.12 per unit. Each unit includes one subordinated voting share and one-half share purchase warrant, with each warrant exercisable at $0.24 for two years. The funds will support product and business development, working capital, and general corporate purposes. If the shares trade at or above $0.50 for 10 days after a four-month hold period, the company may accelerate the warrant expiry. The offering is subject to customary conditions, including TSX Venture Exchange approval.
Hapbee Technologies has launched an innovative, alcohol-free mood-enhancing experience at Board Games Bar & Cafe in Dublin, Ireland, in collaboration with BodyTonic. This new venture allows patrons to enjoy digital moods alongside non-alcoholic beverages. The launch event took place on May 11, 2024. Hapbee aims to expand this concept to more bars and festivals based on consumer feedback. Additionally, at the recent Annual General Meeting on June 12, 2024, shareholders approved the expansion of the Board of Directors to eight members, with Jaylen Brown and Rizwan Shah being elected. Brown is also appointed as Chief Innovation Officer and Shah as Chief Commercial Officer. Shareholders also ratified the amended Stock Option Plan and Restricted Share Unit Plan, with 2,617,250 Restricted Stock Units converting to Subordinate Voting Shares on April 30, 2024.
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