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Hapbee Technologies Partners with Snooze - the Fastest-Growing Sleep & Wellness Retailer in the U.S. - to Expand Experiential Retail Footprint
Globenewswireยท 2025-05-02 13:15
Core Insights - Hapbee Technologies Inc. has announced a strategic partnership with Snooze, a rapidly growing sleep and wellness retailer in the U.S., aiming to enhance consumer access to its wellness technology [1][2] - The partnership will involve a comprehensive go-to-market strategy, including the integration of Hapbee's product line into Snooze's offerings and a retail program launch in Q2 2025 [2][7] - The collaboration is expected to validate in-person trials as a catalyst for long-term growth, aligning with Hapbee's mission to transform human wellness through non-invasive technology [2] Company Developments - Hapbee's CEO, Yona Shtern, emphasized that the partnership is a critical step in scaling the company's presence in physical retail locations [2] - Snooze's CEO, Matt Smith, highlighted the unique in-store experience that will allow customers to feel the benefits of Hapbee's products [2] - The partnership represents a significant expansion of Hapbee's retail footprint, with nearly 100 Snooze store locations expected by the end of 2025 [1] Financial and Regulatory Updates - Hapbee has received approval for a Management Cease Trade Order (MCTO) due to delays in filing its financial statements for the year ended December 31, 2024 [3][4] - The company is working diligently to complete and file the required financial documents by June 30, 2025, and will issue bi-weekly default status reports during this period [4][5] - The MCTO restricts trading by the company's CEO and CFO but does not affect other shareholders [3]