Marks Completion of Final Requirements for Dual Listing on the CSE and Up Listing to the OTCQB
Toronto, Ontario, Canada, July 16, 2018 (GLOBE NEWSWIRE) -- Franchise Holdings International, Inc. (OTC: FNHI), the parent company of Worksport LTD Inc., an innovative manufacturer of high quality, functional, and aggressively priced tonneau / truck bed covers for the light truck market, has released its Q1 2018 10Q. FNHI has been troubled with delays in reporting required financials since early 2017. The company has learned and evolved and is finally on-track to maintain required reporting standards to finalize its initiated CSE cross listing, as well as gain trading status on the OTC:QB markets.
On Independence Day, July 4th, the company finally shed its `delinquent` status by filing its quarterly review for the period ending March 31st, 2018. This now leaves the company ample time to complete its quarterly review for the period ending July 30th, 2018.
As well as relisting on the OTC:QB the company expects to begin to explore opportunities to meet listing requirements on the OTC:QX markets, as well as resume working with GunPowder Capital to finalize its listing on the CSE. GunPowder Capital has committed to support FNHI in multiple areas for a period of 18 months after listing on the CSE. The company expects to be listed on the CSE within 2018 and has set an ambitious goal to list during Q3, 2018.
“I am thrilled that we are finally in an enviable position, things will start to move rather rapidly for both FNHI and its subsidiary,” said FNHI CEO Steven Rossi. “`We are now current with filings and we will ensure we have no future delays in required financial reports. FNHI has a world-class team working with us on every area of the business, that will continue to assist in building our business plan to reach revenue and earnings targets.”
About Franchise Holdings International
Worksport, Franchise Holdings International's wholly owned subsidiary, was founded in 2011 to breathe innovation into the existing tonneau / truck bed cover market. Tonneau / truck bed covers have remained much the same in price and design since 2005 with one main company controlling a majority of the tonneau / truck bed cover market. This dynamic market segment is in need of a new innovative manufacturer of high quality, functional, and aggressively priced tonneau / truck bed covers. Worksport has developed multiple products for all of the most prominent pickup trucks available in North America. Details of most products can be found at www.Worksport.com. Worksport sells its products through master warehouse distributors, dealers, and online retailers in Canada and the U.S.
Forward-Looking Statements
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. 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.
CONTACT: For more information, contact: Franchise Holdings International https://franchiseholdingsinternational.com/ info@franchiseholdingsinternational.com 1-888-554-8789