Files 10Q with U.S. Securities and Exchange Commission, paves way for CSE listing
Toronto, Ontario, Canada, Aug. 23, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (FNHI), the parent company of Worksport LTD Inc., has recently filed a 10 Q report with the U.S. Securities and Exchange Commission. This 10Q milestone will help restore FNHI’s public market activity and investor confidence. It also paves the way in the stock market today for a dual OTC:QB and CSE listing. The listing will occur with the assistance of Gunpowder Capital (CSE:GPC). Worksport is an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for the light truck market.
CSE listing, within 30-60 days, to unlock estimated $450,000 from Gunpowder Capital to support $10 million growth mandate
“Listing in the stock market today on the CSE, an accepted and respected stock exchange, will lead to improved liquidity and additional funding. It will also mean more exposure to Canadian investors, an attractive place to be for our company,” said FNHI CEO Steven Rossi. “FNHI’s expert team has completed its non offering prospectus for resubmission to the OSC within the coming week. We expect to be approved for listing as a reporting issuer by the OSC within 60 days. This will unlock Gunpowder’s full capital support, estimated at $450,000. It will also facilitate our ambitious growth mandate to a $10 million company expecting profitability at $1.5 million in sales.”
On the OTC Stock market today but soon DUAL Listed on the OTC:QB and CSE – FNHI in proper tier for major growth
Rossi added that FNHI is now “leaner and has evolved significantly.” He said it had been a company that was late in its financial reporting but is now a “newer, better more disciplined organization.” “Poised for major growth and increases in revenue and earnings, Worksport will always stay current and avoid late filings,” Rossi added. “This is how we will achieve an enhanced OTC:QB listing. It’s the proper tier for rapidly developing companies like FNHI and its innovative Worksport tonneau cover brand to become the fastest growing companies in the market.
This document may contain forward-looking statements, relating to Franchise Holdings International Inc. operations or to the environment in which it operates, which are based on Franchise Holdings International Inc. operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or are beyond Franchise Holdings Internationals Inc.’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. Franchise Holdings International Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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