Hapbee Technolog Stock Price, News & Analysis

Hapbee Technologies (OTCQB: HAPBF), a digital wellness technology company, reported exceptional Q4 2024 performance with 198% growth in device sales revenue and 200% increase in shipments. The company implemented strategic initiatives including two private placements and expanded retail presence to 380+ Target stores.

Key developments include a partnership with Jumeirah Group for spa wellness programs, introduction of a new Smart Sleep Membership at $10/month, and notable Board additions including NBA All-Star Jaylen Brown. The company also invested in platform development with a next-generation mobile app and website redesign planned for 2025.

Hapbee Technologies (TSXV: HAPB | OTC: HAPBF) announced the upgrade of its U.S. listing from OTC Pink Sheets to the OTCID tier, effective July 1, 2025. The OTCID, launched in 2024, is designed for international issuers meeting higher disclosure and governance standards. The upgrade aims to enhance transparency and accessibility for U.S. investors while maintaining its primary listing on TSX Venture Exchange. Additionally, the company disclosed a delay in filing its 2024 annual audited financial statements and MD&A, with expected completion by June 30, 2025. A Management Cease Trade Order (MCTO) is currently in effect, restricting trading by the CEO and CFO but not affecting other shareholders.

Hapbee Technologies announced a shares-for-debt settlement to resolve $235,954.48 in outstanding debt to arm's length suppliers and consultants. The company will issue 2,621,716 common shares at $0.09 per share to settle debts related to goods, products, and consulting services for marketing, business development, and product development, particularly in the Sleep category. The settlement aims to preserve cash for future operations and requires TSX Venture Exchange approval. The issued shares will be subject to a 4-month resale restriction in Canada and cannot be offered or sold in the United States without registration under the U.S. Securities Act.

Hapbee Technologies (HAPBF) has launched a redesigned mobile app featuring an AI-powered discovery engine and expanded functionality. The updated app includes 13 new Vibes targeting specific wellness needs, real-time customer support, and improved user interface. Key enhancements include a refreshed design, visual experience selection, intelligent search, and an AI-powered Hapbee Assistant for personalized guidance. The company also added new Vibes such as Coffee Break, Workout Zone, and Migraine Relief. Additionally, Hapbee provided an update on its delayed 2024 financial statements, noting they are expected to be filed by June 30, 2025. A Management Cease Trade Order is currently in effect, restricting trading by the company's CEO and CFO.

Hapbee Technologies (OTCQB: HAPBF) has announced a strategic partnership with Liberty Alliance, a veteran-owned defense innovation company, to introduce its ultra-low radiofrequency energy (ulRFE®) wearable devices to military personnel and veterans globally. The devices help users achieve specific mental states like relaxation, focus, and sleep without substances. Liberty Alliance will facilitate deployment to special operations units through established defense channels. Separately, Hapbee disclosed a delay in filing its 2024 annual financial statements due to auditor transition issues. A Management Cease Trade Order (MCTO) was issued on May 1st, 2025, restricting trading by the CEO and CFO. The company expects to file statements by June 30, 2025.

Hapbee Technologies (OTCQB: HAPBF) has announced a strategic partnership with Snooze, the fastest-growing sleep and wellness retailer in the United States. The partnership includes integration of Hapbee's product line into Snooze's nearly 100 store locations expected by end of 2025. Key elements include: retail program launch in Q2 2025, joint marketing efforts, and inclusion in Snooze Sleep Rooms at select hotels. Products featured will include the Hapbee Sleep Pad, Neckband, and upcoming Immersive Mattress Topper. However, the company also disclosed a Management Cease Trade Order (MCTO) restricting trading by CEO and CFO due to delayed filing of 2024 financial statements, with expected completion by June 30, 2025.

Hapbee Technologies (HAPBF) has announced the launch of its highly anticipated 'Boosted Signals' feature, scheduled for gradual release starting April 28, 2025. This new functionality allows users to amplify the effects of Hapbee's bio-streaming signals for sleep, mood, and performance on demand.

The feature will be introduced alongside a redesigned mobile app featuring improved navigation, enhanced onboarding, and integrated signal guidance. Full availability on iOS and Android platforms is expected by early May 2025.

The company highlighted recent developments including:

• Expansion of retail presence at Target and Target.com
• Strategic partnership with Gharieni Group for expansion into European and Middle Eastern spas and hotels
• Featured appearance on Gary Brecka's The Ultimate Human podcast

Additionally, Hapbee has retained Renmark Financial Communications Inc. for investor relations activities at a monthly fee of up to CAD 9,000, starting April 15th, 2025, for an initial seven-month period.

Hapbee Technologies (OTCQB: HAPBF) has announced a delay in filing its required financial statements for the year ended December 31, 2024. The delay stems from issues with their former auditor, Olayinka Oyebola & Co., who was charged with aiding and abetting securities fraud by the SEC in September 2024.

The company's current auditor, Morton Garellek, has been unable to obtain necessary files from the former auditor, requiring additional audit procedures. While the original filing deadline was April 30, 2025, Hapbee now expects to complete the required filings by June 30, 2025.

In response, Hapbee has applied for a Management Cease Trade Order (MCTO) that would restrict trading by the company's CEO and CFO in company securities. The company commits to issuing bi-weekly default status reports and confirms no steps toward insolvency have been taken.

Hapbee Technologies (HAPBF) has formed a strategic partnership with Gharieni Group to distribute Hapbee's Enterprise Solutions for Spa and Wellness across Europe and the Middle East. The collaboration will integrate Hapbee's bio-streaming wellness technology into Gharieni's premium spa equipment.

As the global wellness industry reaches a $5 trillion valuation, this partnership aims to provide hospitality operators with turnkey solutions for enhanced guest experiences and new revenue streams. The agreement includes retrofitting existing equipment through Hapbee's Mattress Toppers and Sleep Pads.

The partnership also introduces a retail program allowing properties to offer consumer versions for at-home use. As part of the agreement, Hapbee will settle license fees of $489,388 USD owed to Emulate Therapeutics through the issuance of 10.5 million subordinate voting shares.