The dealers and distributors include various specialized health and wellness practices which include psychotherapy, physical therapy, rheumatology, nutrition and others. A majority of them are currently based in North America and are located across 13 U.S. states and one Canadian province while the remaining dealers and distributors operate in the United Kingdom and Australia.
According to the terms of the agreements, the dealers and distributors will promote and distribute Hapbee’s products to their respective patients and customers. Both parties will collaborate to provide product insights as well as training and support. In addition, special promotional pricing may be offered through this controlled channel using an exclusive affiliate code on Hapbee.com, which can only be provided by businesses that have partnered with Hapbee.
“Our focus is to extend our distribution network globally and we are pleased to partner with value-added dealers and distributors who can enhance the customer onboarding experience as they integrate Hapbee into their practices,” said Yona Shtern, Chairman and CEO of Hapbee. “This will enable us to gain more access to different regions and deliver our products to a wider audience. Furthermore, these partnerships will provide us with extensive brand exposure within our target market given that we are leveraging leading health and wellness experts to promote and deliver Hapbee Neckbands to their customers.”
As previously announced in February 2022, Hapbee sold and shipped a quarterly record of 1751 Neckbands in Q4 2021 (A total of 5200 Hapbee products were sold and shipped in 2021) and the Company intends to continually increase product sales by scaling its dealer and distribution channels.
The global wellness industry is valued at more than US$1.5 trillion, and Hapbee has laid the groundwork for its dealer and distribution network to expand within this space.1 The Company intends to bring on new dealer and distributor partnerships with businesses that operate in the wellness sector in North America as well as in overseas markets. This will enable the Company to gain access to new marketplaces where Hapbee products and bio-streaming blends can have a positive impact on more people’s lives.
The Company intends to provide updates on the total number of new dealer and distribution agreements it signs as they materialize.
