Hapbee Technologies Inc. Closes 2024 with Record Q4 Device Sales, Global Distribution Partnerships and Strategic Board Appointments
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 $10/month, and notable Board additions including NBA All-Star Jaylen Brown. The company also invested in platform development with a next-generation mobile app and website redesign planned for 2025.
Hapbee Technologies (OTCQB: HAPBF), azienda specializzata in tecnologia per il benessere digitale, ha registrato una performance eccezionale nel quarto trimestre del 2024 con una crescita del 198% nel fatturato derivante dalle vendite dei dispositivi e un aumento del 200% nelle spedizioni. L'azienda ha attuato iniziative strategiche, tra cui due collocamenti privati e l'espansione della presenza nei punti vendita fino a oltre 380 negozi Target.
Tra gli sviluppi principali si segnalano una partnership con il Jumeirah Group per programmi di benessere nelle spa, il lancio di una nuova Smart Sleep Membership a 10$ al mese e importanti inserimenti nel Consiglio di Amministrazione, tra cui la stella NBA Jaylen Brown. Inoltre, l'azienda ha investito nello sviluppo della piattaforma, con il lancio previsto nel 2025 di una nuova app mobile di ultima generazione e la riprogettazione del sito web.
Hapbee Technologies (OTCQB: HAPBF), una empresa de tecnología para el bienestar digital, reportó un desempeño excepcional en el cuarto trimestre de 2024 con un crecimiento del 198% en ingresos por ventas de dispositivos y un aumento del 200% en los envíos. La compañía implementó iniciativas estratégicas, incluyendo dos colocaciones privadas y una expansión en tiendas minoristas a más de 380 tiendas Target.
Entre los desarrollos clave se destaca una asociación con Jumeirah Group para programas de bienestar en spas, la introducción de una nueva membresía Smart Sleep a $10/mes y notables incorporaciones a la junta directiva, incluyendo al All-Star de la NBA Jaylen Brown. La empresa también invirtió en el desarrollo de la plataforma, con una aplicación móvil de próxima generación y rediseño del sitio web planeados para 2025.
Hapbee Technologies (OTCQB: HAPBF)는 디지털 웰니스 기술 회사로서 2024년 4분기에 기기 판매 수익이 198% 성장하고 출하량이 200% 증가하는 뛰어난 실적을 보고했습니다. 회사는 두 차례의 사모 투자와 380개 이상의 Target 매장으로 소매 입지를 확장하는 전략적 이니셔티브를 실행했습니다.
주요 발전 사항으로는 Jumeirah 그룹과의 스파 웰니스 프로그램 파트너십, 월 10달러의 새로운 스마트 슬립 멤버십 도입, NBA 올스타 제일런 브라운을 포함한 이사회 주요 인사 영입 등이 있습니다. 또한, 회사는 2025년 출시 예정인 차세대 모바일 앱과 웹사이트 리디자인 등 플랫폼 개발에 투자했습니다.
Hapbee Technologies (OTCQB : HAPBF), une entreprise spécialisée dans la technologie du bien-être numérique, a annoncé des résultats exceptionnels pour le quatrième trimestre 2024 avec une croissance de 198 % des revenus issus des ventes d'appareils et une augmentation de 200 % des expéditions. La société a mis en œuvre des initiatives stratégiques, incluant deux placements privés et une expansion de sa présence en magasin à plus de 380 magasins Target.
Parmi les développements clés, on compte un partenariat avec le groupe Jumeirah pour des programmes de bien-être en spa, le lancement d'un nouveau abonnement Smart Sleep à 10 $/mois et des ajouts notables au conseil d'administration, dont la star NBA Jaylen Brown. La société a également investi dans le développement de sa plateforme, avec une application mobile de nouvelle génération et une refonte du site web prévues pour 2025.
Hapbee Technologies (OTCQB: HAPBF), ein Unternehmen für digitale Wellness-Technologie, meldete für das vierte Quartal 2024 eine herausragende Leistung mit einem Wachstum von 198 % beim Geräteumsatz und einer Steigerung der Lieferungen um 200 %. Das Unternehmen setzte strategische Initiativen um, darunter zwei Privatplatzierungen und eine Erweiterung der Einzelhandelspräsenz auf über 380 Target-Filialen.
Wichtige Entwicklungen umfassen eine Partnerschaft mit der Jumeirah Group für Spa-Wellness-Programme, die Einführung einer neuen Smart Sleep-Mitgliedschaft für 10 $ pro Monat sowie bedeutende Ergänzungen im Vorstand, darunter NBA-All-Star Jaylen Brown. Zudem investierte das Unternehmen in die Plattformentwicklung mit einer mobilen App der nächsten Generation und einer Website-Neugestaltung, die für 2025 geplant sind.
- Device sales revenue surged 198% in Q4 2024
- Unit shipments increased 200% quarter-over-quarter
- Retail expansion to 380+ Target stores nationwide
- Strategic partnership with luxury spa chain Jumeirah Group
- New affordable Smart Sleep Membership introduced at $10/month
- Successful completion of two private placement funding rounds
- Multiple funding rounds in 2024 may indicate cash burn and potential dilution
- Heavy reliance on ambassador marketing strategy could impact profitability
Fueled by a
VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (TSXV: HAPB | OTCQB: HAPBF), (“Hapbee” or the “Company”), the digital wellness technology company pioneering the science of bio-streaming, is pleased to announce the financial and operational results for the fiscal year ending December 31, 2024.
In 2024, Hapbee executed a bold strategic reset anchored by two private placement rounds, a revitalized ambassador program, and three new additions to its Board of Directors which propelled a record surge in Q4 device shipments and revenues, marking a pivotal inflection point in the Company’s commercial trajectory.
Device Sales & Revenue: Q4 marked a breakout period, with device sales revenue soaring
- Ambassador-Led Marketing: A targeted ambassador engagement strategy and high-impact digital campaigns funded by private placements in Q2 and Q3 amplified Hapbee’s brand presence and ignited consumer demand across digital and social channels.
- Retail Expansion: Hapbee products are now available in 380+ Target stores nationwide and online at Target.com, reinforcing broad consumer access and strengthening the retail distribution network.
- Luxury Wellness Partnership: The launch of a collaboration with Jumeirah Group integrated Hapbee’s products into premier spa wellness programs, with plans underway to expand into additional Jumeirah properties globally.
- Enhanced Sleep Solutions: Introduction of a new, entry-level Smart Sleep Membership at a more accessible price point (
- Platform & Product Investments: Capital and resources were allocated to develop a next-generation mobile app and redesign the website, designed to deliver seamless user experiences, personalized features, and new subscription revenue channels in 2025.
- Board Strengthening: Hapbee welcomed NBA All-Star Jaylen Brown, Chief Commercial Officer Rizwan Shah, and global business leader Abdulla Al Zain to its Board of Directors, enhancing the Company’s strategic guidance in product innovation and international expansion.
“Our team executed a strategic reset in Q2 to improve product experience, brand awareness, and retail accessibility,” said Yona Shtern, CEO of Hapbee. “The Q4 results confirmed that these initiatives are yielding strong returns. We enter 2025 with significant momentum, and we look forward to the upcoming launch of our reimagined mobile app and enriched customer journey.”
About Hapbee Technologies Inc.:
Hapbee is a digital wellness technology company specializing in bio-streaming wearables designed to help people improve their sleep, focus, mood, and recovery. The company's mission is to put wellness into the hands of everyone, through accessible, science-backed, and non-invasive solutions.
The Company's financial statements and management's discussion and analysis for the period ended December 31, 2024 are available on SEDAR+ at www.sedarplus.ca and on Hapbee's investor website at investors.hapbee.com.
Learn more at www.hapbee.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
Forward-looking information is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information involves significant risks and uncertainties and should not be read as a guarantee of future performance or results as actual results may differ materially from those expressed or implied in such forward-looking information. Those risks and uncertainties include, among other things, risks related to: that Hapbee will be able to complete its business objectives as anticipated; Hapbee’s industry and its business, which may negatively impact, and may continue to negatively impact, Hapbee and may materially adversely affect its investments, results of operations, financial condition and Hapbee’s ability to obtain additional equity or debt financing, and satisfy its financial obligations; circumstances may change resulting in the use of proceeds; general economic conditions; future growth potential; prices of its securities; liquidity; ability to access capital markets; environmental matters; and changes in legislation or regulations. Management believes that the expectations reflected in the forward-looking information contained herein are based upon reasonable assumptions and information currently available; however, management can give no assurance that actual results will be consistent with such forward-looking information.
The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management's current beliefs and is based on information currently available to Hapbee. The forward-looking information is stated as of the date of this news release and Hapbee assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law.
Investor Relations
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