Hapbee Secures Strategic Backing and Commercial Agreement to Enter Multi-Billion Dollar Asian Wellness Market
Hapbee Technologies (OTCQB: HAPBF) has secured a strategic partnership with Smile Group, a prominent Asia-based venture builder, to expand its digital wellness platform into the Asian market. The partnership includes a $675,000 investment from Smile Group as part of a larger $1 million private placement at $0.10 per unit.
The commercial agreement initially targets Singapore and India, with plans for broader Asian expansion. Each unit in the private placement includes one share and one warrant exercisable at $0.15 CAD for three years. Smile Group, which has previously supported companies like Airbnb and Snap, will leverage its operational infrastructure and expertise to accelerate Hapbee's market entry in Asia.
Hapbee Technologies (OTCQB: HAPBF) ha siglato una partnership strategica con Smile Group, importante venture builder con base in Asia, per portare la sua piattaforma di benessere digitale nel mercato asiatico. L'accordo prevede un investimento di 675.000 USD da parte di Smile Group, inserito in un pi霉 ampio round privato da 1 milione di USD a 0,10 USD per unit脿.
L'intesa commerciale punta inizialmente su Singapore e India, con l'obiettivo di estendersi nel resto dell'Asia. Ogni unit脿 del collocamento privato comprende un'azione e una warrant esercitabile a 0,15 CAD per tre anni. Smile Group, che in passato ha sostenuto realt脿 come Airbnb e Snap, metter脿 a disposizione la sua infrastruttura operativa e la sua esperienza per accelerare l'ingresso di Hapbee nel mercato asiatico.
Hapbee Technologies (OTCQB: HAPBF) ha cerrado una alianza estrat茅gica con Smile Group, un destacado venture builder con sede en Asia, para expandir su plataforma de bienestar digital en el mercado asi谩tico. La asociaci贸n incluye una inversi贸n de 675.000 USD por parte de Smile Group como parte de una colocaci贸n privada de 1 mill贸n de USD a 0,10 USD por unidad.
El acuerdo comercial se dirige inicialmente a Singapur e India, con planes de ampliaci贸n al resto de Asia. Cada unidad de la colocaci贸n privada incluye una acci贸n y una warrant ejercitable a 0,15 CAD durante tres a帽os. Smile Group, que ha respaldado empresas como Airbnb y Snap, aprovechar谩 su infraestructura operativa y experiencia para acelerar la entrada de Hapbee en Asia.
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Hapbee Technologies (OTCQB: HAPBF) a conclu un partenariat strat茅gique avec Smile Group, un important venture builder bas茅 en Asie, pour d茅ployer sa plateforme de bien-锚tre num茅rique sur le march茅 asiatique. Le partenariat inclut un investissement de 675 000 USD de Smile Group dans le cadre d'une augmentation de capital priv茅e de 1 million USD 脿 0,10 USD par unit茅.
L'accord commercial cible dans un premier temps Singapour et l'Inde, avec des projets d'expansion plus larges en Asie. Chaque unit茅 de la placement priv茅 comprend une action et un bon de souscription exer莽able 脿 0,15 CAD pendant trois ans. Smile Group, qui a d茅j脿 soutenu des soci茅t茅s telles qu'Airbnb et Snap, mettra 脿 profit son infrastructure op茅rationnelle et son expertise pour acc茅l茅rer l'entr茅e de Hapbee en Asie.
Hapbee Technologies (OTCQB: HAPBF) hat eine strategische Partnerschaft mit Smile Group, einem f眉hrenden Venture Builder mit Sitz in Asien, abgeschlossen, um seine digitale Wellness-Plattform in den asiatischen Markt zu bringen. Die Partnerschaft umfasst eine Investition von 675.000 USD durch Smile Group im Rahmen einer gr枚脽eren Privatplatzierung 眉ber 1 Million USD zu je 0,10 USD pro Einheit.
Die kommerzielle Vereinbarung zielt zun盲chst auf Singapur und Indien ab, mit Pl盲nen f眉r eine weitergehende Expansion in Asien. Jede Einheit der Privatplatzierung enth盲lt eine Aktie und eine Wandeloption, die f眉r 0,15 CAD 眉ber drei Jahre ausge眉bt werden kann. Smile Group, das bereits Unternehmen wie Airbnb und Snap unterst眉tzt hat, wird seine operative Infrastruktur und Erfahrung nutzen, um Hapbees Markteintritt in Asien zu beschleunigen.
- Strategic partnership with established Asian venture builder Smile Group
- Access to rapidly growing wellness markets in Singapore and India
- Secured $675,000 investment as part of $1M private placement
- Partnership includes operational support and market expertise from Smile Group
- Dilutive financing through private placement at $0.10 per unit
- Success in new markets dependent on third-party execution
Smile Group鈥檚 investment unlocks new international pathways for Hapbee鈥檚 digital wellness platform
VANCOUVER, British Columbia, Aug. 18, 2025 (GLOBE NEWSWIRE) -- Hapbee Technologies Inc. (鈥淗apbee鈥� or the 鈥淐ompany鈥�) (TSXV: HAPB | OTCQB: HAPBF | FWB: HA1) today announced that Smile Group, a prominent Asia鈥慴ased venture builder and growth partner, has made a strategic investment in Hapbee and entered into a commercial agreement to launch Hapbee鈥檚 digital wellness platform across Asia.
The partnership will initially focus on Singapore and India, two rapidly growing wellness markets, with expansion planned into other regions of Asia.
Smile Group brings over two decades of expertise in launching and scaling category-defining technology ventures and has supported the regional growth of global brands including Airbnb and Snap. Smile Group recently expanded into the health tech space with the launch of their dedicated HealthTech Venture Builder led by former AstraZeneca & Boehringer Ingelheim MD Gagandeep Singh Bedi to focus on high-growth wellness and preventive healthcare startups across Asia.
鈥淲e are delighted to partner with Hapbee to bring their innovative bio鈥憇treaming wellness technology to consumers in Asia,鈥� said Harish Bahl, Founder & CEO of Smile Group. 鈥淥ur experience in building tech-forward ventures, combined with Hapbee鈥檚 unique product offering, creates a strong foundation to meet the region鈥檚 growing demand for wellness solutions.鈥�
The strategic partnership will leverage Smile Group鈥檚 deep market knowledge, operational infrastructure, and expertise in consumer technology & brand building to accelerate Hapbee鈥檚 entry and adoption in Asia.
鈥淪mile Group is an ideal partner for Hapbee鈥檚 international expansion,鈥� said Yona Shtern, CEO of Hapbee. 鈥淭heir expertise in consumer tech, and recent focus on leveraging AI in preventive health tech align perfectly with our mission. We see significant opportunity to grow Hapbee鈥檚 presence in markets such as Singapore and India, where consumers are increasingly seeking innovative ways to enhance their well鈥慴eing.鈥�
Smile Group will be investing
The closing date will be on or about August 20, 2025, or such later date as the Company may determine. Closing will be subject to receipt of conditional approval by the TSX Venture Exchange (the 鈥�Exchange鈥�).
About Smile Group
Smile Group is a technology investor and operator, focused on scaling global ventures in high growth markets. The group has venture-built several notable ventures including Zupee, India鈥檚 largest real-money gaming company; SingleInterface, a fast-growing O2O SaaS platform; and Tyroo, a media SaaS venture.
Headquartered in Singapore and rooted in New Delhi, Smile Group has played a pivotal role in the Asian expansion of global brands such as Airbnb, Hive, Snap & Twitter.
Driven by its 鈥渇ounders scaling founders鈥� principle, Smile Group combines proprietary capital with deep operational expertise, empowering startups with the tools to scale sustainably and lead in competitive markets. The group鈥檚 current priorities are all things AI and preventive healthcare.
About Hapbee
Hapbee Technologies is a digital wellness company pioneering ultra-low frequency bio-streaming. Its wearable platform empowers users to choose how they want to feel 鈥� sleep, calm, focused, alert and more - without ingesting substances. Trusted by professional athletes, wellness experts, and peak performers, Hapbee helps users take control of their mental state, naturally.
Learn more at听
Availability for U.S. Investors
Hapbee Technologies Inc. is publicly traded on the TSX Venture Exchange under the symbol HAPB and is also available to U.S. investors via the OTC Markets under the symbol HAPBF. Hapbee shares can be acquired through any brokerage that supports OTC securities.
Forward鈥慙ooking Information
This news release contains 鈥渇orward鈥憀ooking information鈥� within the meaning of applicable securities laws, including statements regarding Hapbee鈥檚 anticipated expansion in Asia, the expected benefits of the strategic partnership with Smile Group, and growth opportunities in wellness markets. Forward鈥憀ooking information is subject to risks and uncertainties that may cause actual results to differ materially. Hapbee undertakes no obligation to update forward鈥憀ooking information except as required by law.
Forward-looking statements involve 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 statements. 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 statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, 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 statements 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:
On behalf of the Board of Directors:
Kenny Adessky 鈥� Corporate Secretary
1 888 841 7086
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Investor Relations
Renmark Financial Communications Inc.
Bettina Filippone: 听
Tel: (416) 644-2020 or (514) 939-3989
Media Relations
Theory Communications
Andrea Hamilton: 听
FAQ
What is the value of Smile Group's investment in Hapbee Technologies (HAPBF)?
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What are the terms of Hapbee's (HAPBF) private placement offering?
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