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Franchise Holdings International, Inc. (FNHI)

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0.0750-0.0097 (-11.50%)
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Previous Close0.0847
Open0.0880
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0600 - 0.0880
52 Week Range0.0255 - 0.5630
Volume1,520,593
Avg. Volume685,393
Market Cap3.591M
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateMay 15, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Worksport™ Announces Supply Partnership with Hercules Electric Mobility for its TerraVis™ Solar Truck Bed Tonneau System
    GlobeNewswire

    Worksport™ Announces Supply Partnership with Hercules Electric Mobility for its TerraVis™ Solar Truck Bed Tonneau System

    Worksport Ltd, TerraVis Solar Truck Bed Tonneau System Worksport Ltd, TerraVis Solar Truck Bed Tonneau SystemTORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Worksport Ltd,, (OTC:WKSP) (or the “Company”) has signed an agreement with Hercules Electric Mobility Inc., Detroit, Michigan, for Worksport’s groundbreaking TerraVis™ tonneau cover solar charging system to become the Tier One OEM supply partner for Hercules’ forthcoming Alpha Electric Pickup, with over US $27 million in early customer reservations .The announcement today reveals Hercules as Worksport’s partner in an agreement between the two companies that is expected to generate up to US$70 million in future revenues for Worksport™. A Sept. 3 news release and a subsequent follow up story on Sept. 15 had said that ‘the terms of the agreement are expected to be disclosed in mid-September.’ However, since then, causing a delay in the announcement, the two companies have broadened their discussions, relating to additional deployments for the TerraVis system, merging and up-listing on a senior exchange, and manufacturing collaboration.“Although we understand the delay of over one month is challenging in today’s volatile market, we appreciate shareholders patience in allowing us to arrive at today’s milestone,” said Worksport CEO Steven Rossi. “We will continue to work tirelessly in progressing our business and keeping our valued shareholders up to date.”“The economic value of this one relationship is expected to be of profound significance for Worksport and its future growth and development,” added Rossi. “The announced $70 million in projected revenues in the first contract is just the beginning, and it is likely to expand over the longer-term. We’re proud to work with Hercules because of its management’s long history with developing and launching major vehicle platforms.”The TerraVis™ system will be exclusively configured and uniquely crafted for Hercules’ highly innovative EV pickup Truck, the Alpha. The durable and technologically advanced TerraVis™ system will be the very first to provide a meaningful source of recharge, multiple configurations for work and sport and a fusion of cutting edge solar power, storage, and delivery. The platform takes advantage of a standard pick-up truck’s practical capabilities, while also utilizing the power of more sustainable and renewable energy. Proprietary, high efficiency solar panels built into the rugged tonneau cover—the likes of which Worksport has become widely known for—will collect the sun's rays and store energy in multiple portable battery banks.The anticipated Hercules and Worksport long-term partnership, a pioneering automotive industry agreement, combines factory installed solar charging and structural tonneau covers with a new type of performance electric pickup truck. The companies will co-develop TerraVis™ technology on the Hercules Alpha with deployment on future SUVs and marine applications. Hercules is developing and deploying high-technology solutions integrating clean power and mobility, to create better products in a multitude of customer-selected configurations. Worksport is working towards a similar goal to reduce pickup drivers’ carbon footprint through use of its TerraVis™ solar tonneau cover and battery/inverter module for existing light trucks, as well as a number of useful accessories. Hercules and Worksport look forward to jointly launching the Hercules Alpha solar charging.“We are pleased to be working with the team at Worksport to bring solar charging to our Hercules products,” said Hercules CEO James Breyer, who co-founded the company in 2018 after a successful career in the automotive industry. “It will be part of a luxury experience without plug-anxiety, due to the solar charging truck bed cover. With the Worksport solar solution, our customers can enjoy their on- and off-road activities while adding to their electric charge at the same time.”“Hercules is taking an unconventional approach, using available services, expertise, and industry capacity to launch products quickly and efficiently,” Breyer added. “This allows Hercules to bring eco-utility vehicles to market faster and with higher levels of personalization and craftsmanship. It also means we don’t have to add redundant manufacturing capacity where it isn’t needed. The Worksport partnership is an example of this approach. Worksport developed a unique product and it is something that will make our electric trucks distinct from all others. We will collaborate on cost optimization and continuous improvement for projects that achieve performance and price advantages against the other industry available cover options.”Hercules will integrate the solar charging tonneau cover into its core architecture to give freedom to Hercules drivers, specifically “plug freedom.” The solar cover’s overall charging is similar power to a level 1 cord plugged into a standard 110VAC outlet.”“In Hercules we have found the ideal development partner for the TerraVis™ system,” Rossi said. “James Breyer is one of the automotive industry’s most respected executives, with achievements that include perfecting electric vehicles at the two largest Detroit auto manufacturers. We will mutually pursue necessary funding, investment, and working capital for overall project success, including cross-introductions to investment partners. The partnership and products are so innovative that we have no doubts that we will secure financing in the near term. Discussions with financial institutions have already begun.”While at Ford Research Lab, Breyer was instrumental in launching fuel-cell, hybrid, and electric vehicles, including the Fuel-Cell Focus and others. He also led development of the Volt powertrain and global EV powertrains such as Spark EV. He is complimented by co-founders Julie Tolley and Greg Weber.“With the recent TerraVis™ reveal, Worksport enters the most exciting period since inception,” said Worksport CEO Steven Rossi. “We now have the perfect, well established partner and a project that will quickly demonstrate the TerraVis™ system’s attractive and leading-edge approach to providing solar power to the light truck industry. At the same time, Worksport will continue to focus on growth as the lead innovator and manufacturer in the Global Automotive Market for tonneau covers for electric and conventional light trucks. Other important announcements are expected soon.”Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. About Worksport Ltd.Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”Connect with Worksport:LinkedIn Facebook Twitter InstagramFor further information please contact:Mr. Steven Rossi CEO & Director LinkedIn Twitter Worksport, Ltd T: 1-888-554-8789 E: srossi@worksport.com Forward-Looking StatementsThis document may contain forward-looking statements, relating to Worksport, Ltd. 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 Worksport, Ltd’s ’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. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Attachments * Worksport Ltd, * Worksport Ltd,

  • Worksport™ & Atlis Motor Vehicles form Collaborative Partnership
    GlobeNewswire

    Worksport™ & Atlis Motor Vehicles form Collaborative Partnership

    Worksport Atlis Motor VehiclesTORONTO, Sept. 22, 2020 (GLOBE NEWSWIRE) -- Worksport Ltd (OTCQB: WKSP) (or the “Company”) has entered into an agreement with Atlis Motor Vehicles, Mesa, Ariz., aimed at configuring the TerraVis™ solar charging system as an OE accessory for the highly anticipated, technologically advanced Atlis XT electric pickup truck. Atlis and Worksport will begin working together immediately to integrate their engineering and design departments. They will uniquely configure the TerraVis’™ Solar Truck Bed Power System to provide the Atlis XT Truck with a meaningful source of recharge power from its integrated Solar Panels. This is the second recent agreement that Worksport has struck with a U.S. based EV Truck manufacturer to become its OEM partner and create a customized TerraVis’™ solar panel tonneau cover for the company’s forthcoming all-electric pick up truck.The aggressively priced Atlis XT truck comprises many market-leading features including 15-minute charge time, 500-mile range, and 35,000lb towing capacity with an estimated million mile working life.“This new collaboration agreement with a market-leading manufacturer continues to prove out our business model and demonstrate our bright future and large upside,” said Worksport CEO Steven Rossi. “It follows closely on our previous announcement to be the OEM partner for a customized solar truck bed power system.”Worksport recently made the first public disclosure of details about TerraVis™ , the very first advanced folding truck bed tonneau cover system to be a fusion of cutting edge solar power, storage, and delivery. The platform takes advantage of a standard pick-up truck’s practical capabilities, while also utilizing the power of more sustainable and renewable energy. Proprietary, high efficiency solar panels built into the rugged tonneau cover—the likes of which Worksport™ has become widely known for—will collect the sun's rays and store energy in multiple battery banks.In addition to Atlis, Worksport has been fielding a number of inquiries from other manufacturers, the media and investment community as well as business interest from organizations in Holland, Germany, Australia, Spain, multiple U.S. and Canadian companies.“TerraVis’™ Solar Truck Bed Power System introduction not only has rewarded the hard work in developing a technological breakthrough, but it is also transforming the company’s future almost immediately,” Rossi said. “It is a real and meaningful game-changer. However, we wish to assure customers and investors that Worksport will continue to focus on growth as the lead innovator and manufacturer in the Global Automotive Market for tonneau covers for electric and conventional light trucks.”As it did with its open investor Q&A September 21, the Company will continue to update shareholders, supporters, and investors to maintain the highest level of disclosure and information dissemination as Worksport continues to grow and develop at a very rapid pace.Any interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. About Worksport Ltd.Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”Connect with Worksport:LinkedIn Facebook Twitter Instagram YouTubeFor further information please contact:Mr. Steven Rossi CEO & Director LinkedIn Twitter Worksport, Ltd T: 1-888-554-8789 E: srossi@worksport.comForward-Looking StatementsThis document may contain forward-looking statements, relating to Worksport, Ltd. 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 Worksport, Ltd’s ’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. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Attachment * Worksport

  • Worksport to Host Live Investor Conference and Q&A on YouTube Live
    GlobeNewswire

    Worksport to Host Live Investor Conference and Q&A on YouTube Live

    Worksport, Ltd Live Investor Conference and Q&A on YouTube LiveTORONTO, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Worksport, Ltd, (OTC:WKSP) (or the “Company) is announcing that it will be holding an open Video Conference and Q&A Session on Monday September 21, 2020 at 5 p.m. Eastern Standard Time. Worksport CEO Steven Rossi will host the Conference and Q&A, which will be presented by YouTube Live. Rossi will be available online to answer questions. All are encouraged to join the open forum discussion and participate by asking questions on YouTube Live or by sending questions in advance to connect@worksport.com. For those who cannot attend, a video recording will be available on the company’s YouTube channel immediately following the presentation. Those wishing to participate are encouraged to follow the link below or access the Worksport’s YouTube channel at the date and time provided below. “This is an open and unscripted Q&A session that we aim to make a frequent habit as we move forward and grow,” said Rossi. “We encourage anyone and everyone to participate by asking questions in advance or live. We aim to answer any reasonable questions, but as a reminder we cannot answer any questions relating to non-public information.”Hosted by Mr. Steven Rossi Monday September 21, 2020 5 p.m. EST Link: https://www.youtube.com/watch?v=JQ4mWJnCoWs&feature=youtu.be Email Questions: connect@worksport.comAny interested investors or shareholders are encouraged to follow the company’s social media accounts on Twitter, Facebook, LinkedIn, and Instagram as well as sign up for the company’s newsletters on both www.worksport.com and www.goterravis.com, to stay up to date on all of the latest news. About Worksport Ltd.Worksport Ltd., an innovative manufacturer of high quality, functional, and aggressively priced tonneau/truck bed covers for light trucks like the F150, Sierra, Silverado, Canyon, RAM, and Ford F-Series. For more information please visit www.worksport.com. Currently listed on the OTCQB Market under the trading symbol “WKSP.”Connect with Worksport: LinkedIn Facebook Twitter InstagramFor further information please contact: Mr. Steven Rossi CEO & Director LinkedIn Twitter Worksport, Ltd T: 1-888-554-8789 E: srossi@worksport.comForward-Looking StatementsThis document may contain forward-looking statements, relating to Worksport, Ltd. 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 Worksport, Ltd’s ’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. Worksport, Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.Attachment * Worksport, Ltd