Leading wearable wellness technology company, Hapbee Technologies, Inc (OTC:HAPBF) , successfully closed a non-brokered private placement. The firm raised total gross proceeds of CA$1,507,000. A standout feature of the raise is the substantial participation of board member and Chief Technology Officer Ahsan Ashraf, who invested CA$1,370,000, signaling strong internal confidence in Hapbee’s direction and growth.
The capital infusion strengthens Hapbee’s ability to scale production, invest in R&D, and enhance user experience through continued innovation and support. This insider participation follows similar moves by other board members and leaders, highlighting growing alignment at the top levels of the company. Hapbee has recently reported back-to-back quarters of revenue growth, fueled by rising adoption of its wellness technology solutions and recurring inventory backorders—a testament to customer enthusiasm.
Ashraf said that the demand for Hapbee’s technology is evident, and the team is focused on maintaining this momentum with discipline.
Chairman Riz Shah reinforced this sentiment, calling Ashraf’s investment “a strong signal of conviction from within the boardroom” and reaffirmed the company’s commitment to shareholder-aligned growth and operational excellence.
Hapbee recently expanded both its executive and board leadership teams to drive its next phase of growth. The funds raised will support product innovation, business development, and general corporate initiatives as the company continues scaling its presence in the wellness technology sector.
