Ahsan Ashraf Joins Jaylen Brown as Hapbee Investor, Executive and Board Member
Hapbee Technologies (TSXV: HAPBF), a digital wellness company specializing in bio-streaming wearable technology, has announced significant board expansions and leadership changes. The company has appointed three new board members: Ahsan Ashraf (also serving as CTO), Kenneth S. Adessky (Corporate Counsel), and Rachid Lassal, CPA. They join NBA All-Star Jaylen Brown, who became an investor and Chief Innovation Officer in 2024.
The board expansion from eight to ten members comes as Hapbee transitions from an early-stage innovator to a category-defining platform. Mark Timm will step down after four years of service. Additionally, the company announced the revocation of its Management Cease Trade Order following the filing of its 2024 audited annual financial statements and Q1 interim financial statements.
Hapbee Technologies (TSXV: HAPBF), un'azienda di benessere digitale specializzata in tecnologia indossabile di bio-streaming, ha annunciato importanti ampliamenti del consiglio di amministrazione e cambiamenti nella leadership. La società ha nominato tre nuovi membri del consiglio: Ahsan Ashraf (che ricopre anche il ruolo di CTO), Kenneth S. Adessky (Consulente Aziendale) e Rachid Lassal, CPA. A loro si unisce la star NBA Jaylen Brown, che nel 2024 è diventato investitore e Chief Innovation Officer.
L'espansione del consiglio da otto a dieci membri avviene mentre Hapbee si trasforma da innovatore in fase iniziale a piattaforma che definisce una categoria. Mark Timm si dimetterà dopo quattro anni di servizio. Inoltre, la società ha annunciato la revoca del suo Ordine di Cessazione del Commercio per la Direzione a seguito della presentazione dei suoi bilanci annuali 2024 revisionati e dei bilanci trimestrali del primo trimestre.
Hapbee Technologies (TSXV: HAPBF), una empresa de bienestar digital especializada en tecnología portátil de bio-transmisión, ha anunciado una importante expansión de su junta directiva y cambios en el liderazgo. La compañía ha nombrado a tres nuevos miembros de la junta: Ahsan Ashraf (quien también se desempeña como CTO), Kenneth S. Adessky (Asesor Corporativo) y Rachid Lassal, CPA. Se unen a la estrella de la NBA Jaylen Brown, quien se convirtió en inversionista y Director de Innovación en 2024.
La expansión de la junta de ocho a diez miembros ocurre mientras Hapbee pasa de ser un innovador en etapa temprana a una plataforma que define una categoría. Mark Timm renunciará tras cuatro años de servicio. Además, la compañía anunció la revocación de su Orden de Cese de Comercio para la Dirección tras la presentación de sus estados financieros anuales auditados de 2024 y los estados financieros interinos del primer trimestre.
Hapbee Technologies (TSXV: HAPBF)는 바이오 스트리밍 웨어러블 기술을 전문으로 하는 디지털 웰니스 회사로, 이사회 확대 및 리더십 변경을 발표했습니다. 회사는 세 명의 새로운 이사회 구성원을 임명했습니다: CTO를 겸임하는 Ahsan Ashraf, 기업 법률 고문 Kenneth S. Adessky, 그리고 CPA인 Rachid Lassal입니다. 이들은 2024년에 투자자이자 최고 혁신 책임자가 된 NBA 올스타 Jaylen Brown과 함께 활동하게 됩니다.
이사회는 8명에서 10명으로 확대되었으며, Hapbee가 초기 혁신 단계를 넘어 카테고리를 정의하는 플랫폼으로 전환하는 시점입니다. Mark Timm은 4년간의 임기 후 물러날 예정입니다. 또한, 회사는 2024년 감사 완료 연간 재무제표와 1분기 중간 재무제표 제출에 따라 경영 거래중지명령 해제를 발표했습니다.
Hapbee Technologies (TSXV : HAPBF), une entreprise de bien-être numérique spécialisée dans la technologie portable de bio-diffusion, a annoncé une expansion significative de son conseil d'administration et des changements de direction. La société a nommé trois nouveaux membres du conseil : Ahsan Ashraf (également CTO), Kenneth S. Adessky (conseiller juridique d'entreprise) et Rachid Lassal, CPA. Ils rejoignent la star de la NBA Jaylen Brown, devenu investisseur et directeur de l'innovation en 2024.
L'agrandissement du conseil, passant de huit à dix membres, intervient alors que Hapbee évolue d'un innovateur en phase initiale à une plateforme définissant une catégorie. Mark Timm démissionnera après quatre ans de service. De plus, la société a annoncé la levée de son ordre de cessation de négociation pour la direction suite au dépôt de ses états financiers annuels audités 2024 et de ses états financiers intermédiaires du premier trimestre.
Hapbee Technologies (TSXV: HAPBF), ein Unternehmen für digitales Wohlbefinden, das sich auf bio-streaming Wearable-Technologie spezialisiert hat, hat bedeutende Erweiterungen des Vorstands und Führungswechsel bekannt gegeben. Das Unternehmen hat drei neue Vorstandsmitglieder ernannt: Ahsan Ashraf (auch CTO), Kenneth S. Adessky (Unternehmensjurist) und Rachid Lassal, CPA. Sie stoßen zu NBA-Allstar Jaylen Brown, der 2024 Investor und Chief Innovation Officer wurde.
Die Erweiterung des Vorstands von acht auf zehn Mitglieder erfolgt, während Hapbee sich von einem frühen Innovator zu einer plattformübergreifenden Kategorie definiert. Mark Timm wird nach vier Jahren im Amt zurücktreten. Zusätzlich gab das Unternehmen die Aufhebung der Management-Handelsaussetzung nach Einreichung der geprüften Jahresabschlüsse 2024 und der Zwischenfinanzberichte für das erste Quartal bekannt.
- Strengthened leadership with three new experienced board members in tech, legal, and finance
- Notable investor and NBA All-Star Jaylen Brown serves as Chief Innovation Officer
- Successfully filed required financial statements leading to MCTO revocation
- Board expansion signals company's growth and transition phase
- Previous Management Cease Trade Order indicates recent compliance issues
- Loss of experienced board member Mark Timm after four years
Hapbee Expands Board by Three Members with Senior Leaders in Tech, Legal, and Finance as it Enters Next Phase of Growth; Announces Revocation of MCTO
MONTREAL, June 27, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (TSXV: HAPB), the digital wellness company behind the pioneering bio-streaming wearable platform, today announced the appointment of Ahsan Ashraf to its Board of Directors. Mr. Ashraf, a veteran technologist and product strategist, recently joined the company as Chief Technology Officer and now steps into a larger leadership role as Hapbee accelerates its innovation and market expansion.
Mr. Ashraf joins NBA All-Star and Hapbee’s Chief Innovation Officer Jaylen Brown, who became an investor and Board member in 2024. Together, they represent a dynamic fusion of science, performance, and cultural relevance, working to position Hapbee at the forefront of next-gen wellness technology. In conjunction with Mr. Ashraf’s appointment, Hapbee is also announcing the addition of two additional executive Board Members:
- Kenneth S. Adessky, Hapbee’s Corporate Counsel and Corporate Secretary, brings decades of legal and regulatory expertise across the tech and consumer landscapes. His guidance has been pivotal in navigating public company governance and capital markets.
- Rachid Lassal, CPA, joins the Board with a global finance background, including advisory roles across health and tech sectors. His experience spans corporate finance, operational strategy, and public company readiness.
These appointments reflect Hapbee’s continued evolution from early-stage innovator to category-defining platform. To accommodate the company’s growing scale and complexity, the Board has voted to expand from eight to ten members.
As part of this transition, Mark Timm will step down from the Board after four years of service. “Mark has been a passionate champion of our mission and played a key role in shaping our journey from early product development to public launch,” said Yona Shtern, CEO and Chair of the Board. “We’re deeply grateful for his contributions and excited for the caliber of leadership joining us at this stage.”
Revocation of MCTO
As a result of the filing of the Company’s 2024 audited annual financial statements along with its Q1 interim financial statements filed earlier this week, the Company is pleased to announce the revocation of the Management Cease Trade Order previously approved under National Policy 12-203 (Management Cease Trade Orders) by the British Columbia Securities Commission, as principal regulator for the Company (see the Company’s press release dated May 1, 2025 filed on SEDAR+). Trading in the Company’s securities by the Company’s Chief Executive Officer and Chief Financial Officer will no longer be restricted.
About Hapbee Technologies Inc.
Hapbee is a digital wellness technology company pioneering bio-streaming wearables designed to help people optimize sleep, focus, mood, and recovery. Hapbee’s proprietary technology delivers safe, non-invasive signals that promote well-being—all controlled through an intuitive mobile app.
The Company's financial statements and management's discussion and analysis for the period ended March 31, 2025 are available on SEDAR+ at www.sedarplus.ca and on Hapbee's investor website at investors.hapbee.com.
Learn more at www.hapbee.com
Forward-Looking Statements
This news release contains “forward-looking information” which may include, but is not limited to, statements with respect to the Company’s planned operations, business strategy and developments. Forward-looking information is based on the opinions and estimates of management as of the date such statements are made and are based on various assumptions.
Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among others, the receipt of applicable regulatory approvals; closing of the Offering; anticipated product development; consumer confidence; and general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking information contained herein is made as of the date of this news release and the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results, except as may be required by applicable securities laws. There can be no assurance that forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Investor Relations
Renmark Financial Communications Inc.
Bettina Filippone: bfilippone@renmarkfinancial.com
Tel: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
Media Relations
Theory Communications
Andrea Hamilton: andrea@theorycomm.com
www.theorycomm.com
Kenny Adessky - Corporate Secretary
1 888 841 7086
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