Hapbee Secures Strategic Backing and Commercial Agreement to Enter Multi-Billion Dollar Asian Wellness Market

Core Insights - Smile Group has made a strategic investment in Hapbee Technologies to expand its digital wellness platform in Asia, focusing initially on Singapore and India [1][2][4] - The partnership aims to leverage Smile Group's expertise in consumer technology and brand building to accelerate Hapbee's market entry and adoption in the region [4][5] Investment Details - Smile Group will invest $675,000 in Hapbee's non-brokered private placement, which consists of up to 10,000,000 units priced at $0.10 per unit, with total gross proceeds expected to reach $1,000,000 [5] - Each unit includes one subordinate voting common share and one common share purchase warrant, exercisable at $0.15 CAD for three years [5] Market Focus - The partnership will initially target the rapidly growing wellness markets in Singapore and India, with plans for further expansion into other Asian regions [2][4] - The collaboration is expected to meet the increasing consumer demand for innovative wellness solutions in these markets [4][5] Company Background - Smile Group has over two decades of experience in launching and scaling technology ventures, including notable brands like Airbnb and Snap [3][7] - The group has recently entered the health tech sector, focusing on high-growth wellness and preventive healthcare startups across Asia [3][8] Product Offering - Hapbee Technologies specializes in digital wellness through its bio-streaming technology, allowing users to influence their mental states without substances [9] - The platform is trusted by professional athletes and wellness experts, positioning it as a leader in the wellness technology space [9]