Hapbee Technologies Inc (OTCMKTS:HAPBF) Stock In Focus After Private Placement
Digital wellness technology company Hapbee Technologies Inc (OTCMKTS:HAPBF) was one of the companies that had been in the news cycle on Monday and it could well be the right time for investors to consider taking a closer look at the announcement it made yesterday.
Trading Data
On Monday, HAPBF stock ended flat at $0.0620 with more than 823K shares, compared to its average volume of 92.91K shares. The stock moved within a range of $0.0620 – 0.0620 after opening trade at $0.0600.
Hapbee Announces Closing of $710K Private Placement
The company announced that it had been successful in completing a non-brokered private placement of units in Hapbee and managed to generate total gross proceeds to the tune of as much as C$711400. The Chief Executive Officer and Executive Chairman of the company YonaShtern spoke about the development as well. Shtern noted that the fresh capital would allow the company to expand its market foot print in fast growing digital wellness market in both the enterprise and the consumer spaces.
Not too long ago the company had announced distribution partnerships. It had gone into with Grey Matters, thereby making an entry into the palliative care and senior health industry. Another partnership that the company got into was with Reputable Health which was related to the collaborative development of customized wellness routines. The company issued a total of 7,904,450 units for the price of C$0.09 and it also included 7,904,450 subordinate voting shares.
