VANCOUVER, BC, Dec. 7, 2022
/CNW/ - Hapbee Technologies, Inc. (TSXV: HAPB)
(OTCQB: HAPBF) (FSE: HA1) ("Hapbee" or the
"Company"), announces a delay with regard to the filing of
its Q3 financial statements for the period ended September 30, 2022 and the related management's
discussion and analysis and certifications (collectively, the
"Filings") by the filing deadline of November 29, 2022. As a result, a Failure-to-File
Cease Trade Order (the "FFCTO") has been issued against the
Company, at the request of the British Columbia Securities
Commission ("BCSC"), the Investment Industry Regulatory
Organization of Canada ("IIROC")
issued a suspension from trading for the Company on December 6, 2022.
Before the FFCTO can be lifted, Hapbee must complete a
Reinstatement Application and the Filings and submit them to the
TSX Venture Exchange for review. With the Filings currently being
finalized by Hapbee's management and board of
directors, the Company anticipates completing the aforementioned
documentation by the end of this week.
A copy of the FFCTO has been made available for review on
the Canadian Securities Administrators' website. The
Company expects the FFCTO to remain in place until such time as the
Filings have been filed and the FFCTO is
revoked.
Hapbee confirms that its business has not changed, and
there are no changes to its current business plans. The Company
would like to thank the TSX Venture Exchange for its assistance in
this matter.
About Hapbee
Hapbee is a digital wellness technology company that aims
to help people take control of how they sleep, perform and feel.
Hapbee's digital wellness library of Blends and Routines utilizes
patented ultra-low radio frequency energy (ulRFE®), designed to
help optimize users' sleep, productivity, recovery, and downtime.
Hapbee devices and subscriptions are available for purchase at
Hapbee.com and through a growing network of select
distributors.
You can learn more about how Hapbee works at
www.hapbee.com/science.
Forward-Looking Statements
Certain statements included in this news release
constitute forward-looking information or statements (collectively,
"forward-looking statements"), including those identified by
the expressions "anticipate", "believe", "plan", "estimate",
"expect", "intend", "may", "should" and similar expressions to the
extent they relate to the Company or its management. The
forward-looking statements are not historical facts but reflect
current expectations regarding future results or events. This news
release contains forward-looking statements. These forward-looking
statements are based on current expectations and various estimates,
factors and assumptions and involve known and unknown risks,
uncertainties and other factors. Any statements pertaining to the
anticipated filing date for the Filings, as well as statements
pertaining the expected timeline for the halt to be lifted are
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions which are difficult to predict. Such statements and
information are based on numerous assumptions regarding the
Company's ability and intended timing to complete its
Filings.
Forward-looking statements contained in this news release
are expressly qualified by this cautionary statement, and are
subject to various risks, uncertainties and assumptions which
include, but are not limited to, those described in Hapbee's annual
information form dated May 2, 2022,
as well as those described in Hapbee's other disclosure documents,
copies of which are available on SEDAR at
www.sedar.com, and could cause actual events or
results to differ materially from those projected in any
forward-looking statements. These statements should not be read as
guarantees of future performance or results. Such statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be
materially different from those implied by such statements. The
Company assumes no responsibility to update or revise
forward-looking information to reflect new events or circumstances
unless required by law. Readers should not place undue reliance on
the Company's forward-looking 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.
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SOURCE Hapbee Technologies Inc.
