HAPBEE TECHNOLOGIES INC - HAPBF STOCK NEWS

Hapbee Technologies (TSXV: HAPB, OTCQB: HAPBF) announced a delay in filing its Audited Financial Statements and related disclosures, initially due by May 1, 2023. This delay results from the ongoing work of the company’s auditors. As a precaution, Hapbee has requested a voluntary Management Cease Trade Order, affecting certain executives but not all securities, pending the filing which they expect to complete by June 30, 2023. The company assures it is not undergoing any insolvency proceedings, and no undisclosed material information about its affairs exists. Hapbee is committed to complying with Alternative Information Guidelines through bi-weekly default status reports while in default.

Hapbee Technologies (HAPBF) reported a significant increase in user engagement with its Smart Sleep Pad, surpassing 180 million minutes (3 million hours) of total usage. The active member base grew to over 7,800 unique users by March 31, 2023, with an average of 45 sessions per member. Users primarily utilized the Smart Sleep Pad for Deep Sleep, Relaxation, and Focus, highlighting its versatility. The company has shipped over 12,000 devices since its launch in 2020 and expanded its wellness routines from 6 to over 75. CEO Yona Shtern emphasized the importance of this milestone in building a stable customer base and indicated plans for product enhancements and increased distribution.

Hapbee Technologies (OTCQB: HAPBF) announced a non-binding Memorandum of Understanding (MOU) with LocoMobi World Inc., aiming to develop a driver safety and performance application using Hapbee's bio-stream technology. This innovative application is designed to enhance driver awareness without the use of stimulants by integrating bio-signals delivered through in-vehicle systems. The collaboration targets the automotive market, promoting safer driving experiences, especially in distracted-driving scenarios. The MOU sets the foundation for future agreements on software development and licensing related to this initiative.

Hapbee Technologies has launched an outreach program targeting athletes and fitness professionals to promote its digital wellness technology platform. Spearheaded by VP Iggy Rodriguez, the program aims to increase market share and user engagement. Professional athletes, including NHL player Matt Duchene, have provided positive feedback on using Hapbee for sleep enhancement and recovery. CEO Yona Shtern emphasizes the critical role of sleep and recovery for athletes. The initiative is expected to enhance brand credibility within the sports community while encouraging broader adoption of Hapbee's products.

Hapbee Technologies has announced a collaboration with Oura to enhance its Smart Sleep Pad using biometric sleep data from Oura Rings. The new application will personalize sleep routines based on individual sleep patterns, helping users improve their Sleep Scores. Since launching in September 2022, Hapbee has sold over 1,500 units of the Smart Sleep Pad, priced at US$249. The application is currently in a closed Beta, with plans for a broader release. Hapbee aims to integrate its technology further within the sleep tech industry, demonstrating a commitment to enhancing wellness through innovations in sleep tracking and optimization.

Hapbee Technologies, Inc. announced a delay in filing its Q3 financial statements for the period ended September 30, 2022, which resulted in a Failure-to-File Cease Trade Order (FFCTO) from the British Columbia Securities Commission. This order was issued at the request of the investment regulatory body, leading to a suspension of trading on December 6, 2022. The company is finalizing the necessary filings and expects to complete them by the end of the week. Despite this setback, Hapbee confirmed no changes to its business plans.

On December 7, 2022, Hapbee Technologies, Inc. announced the election of all six director nominees during its annual general and special meeting. The reappointment of Manning Elliott LLP as the independent auditor was confirmed, and shareholders re-approved the company's 10% rolling stock option plan. Additionally, amendments to the limits of subordinate voting shares under the restricted stock unit plan were approved. Hapbee focuses on digital wellness, utilizing patented ultra-low radio frequency energy to optimize users' sleep, productivity, and recovery.

Hapbee Technologies (HAPBF) announced the completion of a non-brokered private placement, generating gross proceeds of CAD$1,566,632. The offering involved 22,380,459 units priced at CAD$0.07, including subordinate voting shares and warrants. The funds will support product development, manufacturing, and general corporate purposes. Notably, the company pre-sold 992 units of its new device, The Smart Sleep Pad, in September, marking its highest monthly sales. Insiders participated in the offering, indicating confidence in future growth.

Hapbee Technologies (OTCQB: HAPBF) announced the addition of 'Routines By' David Meltzer, a motivational speaker and former CEO of the Leigh Steinberg Agency, to its wellness product offerings. These routines allow users to leverage Meltzer's expertise in wellness for enhanced performance without the use of drugs or stimulants. The routines, including 'Crunch Time' and 'Power Meetings,' cater to users looking for improved focus and productivity. This launch is part of Hapbee's ongoing efforts to expand its wellness technology platform, which utilizes patented ultra-low radio frequency energy.