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
| Source: Hapbee Technologies, Inc.
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
