Tuesday, January 16, 2018 8:06:46 PM
Franchise Holdings International, Inc. Defers Private Placement Offering
TORONTO, ON -- (Marketwired) -- 10/04/17 -- Franchise Holdings International, Inc.(FNHI), the parent company of Truxmart LTD Inc., an innovative manufacturer of high quality, functional, and aggressively priced tonneau covers for the light truck market, has delayed its previously announced $1,000,000 private placement for inventory and revenue development. Steven Rossi, CEO of FNHI, believes "it can bring better shareholder value by raising capital in the near future when market conditions are better." The planned new capital raise will target between US $1,000,000 - $2,000,000. It will occur after FNHI achieves the following:
Becomes current by filing Q1, Q2, and Q3 reports before the end of November, 2017. Resumes & Completes listing on the Canadian Stock Exchange (CSE), with GunPowder Capital. Relists with OTC:QB (with Blue-sky monitoring).
"Our market continues to grow rapidly," Rossi commented. "Consumers, retailers, dealers, and distributors need an alternative to the present market leaders. As a result, the demand for our tonneau covers is overwhelming and requires new capital to meet it globally. Once we become current and achieve the CSE listing and OTC:QB quotation we will be ready to raise and deploy new funds and begin to achieve our highly ambitious growth plans and targets."
Accredited investors interested in investing with FNHI can sign up in advance by visiting www.investfnhi.com, where there will be further details.
Recent WKSP News
- WORKSPORT ANNOUNCES RECEIPT OF SOLAR PANELS REQUIRED TO BEGIN PRODUCTION OF HIGHLY ANTICIPATED SOLIS SOLAR TONNEAU COVER • GlobeNewswire Inc. • 03/28/2024 12:00:00 PM
- WORKSPORT ANNOUNCES PRICING OF APPROXIMATELY $2.8 MILLION REGISTERED DIRECT OFFERING & CONCURRENT PRIVATE PLACEMENT PRICED AT-THE-MARKET UNDER NASDAQ RULES • GlobeNewswire Inc. • 03/18/2024 12:00:00 PM
- Worksport to Advance Power Electronics with Gallium Nitride Semiconductors, improving on Silicone-Based Technology • GlobeNewswire Inc. • 03/13/2024 12:00:00 PM
- Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford. • GlobeNewswire Inc. • 03/07/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 10:15:14 PM
- Worksport Set to Launch Innovative SOLIS & COR System This Summer, Providing Options for Partnerships with Tesla, GM, and Ford. • GlobeNewswire Inc. • 03/06/2024 10:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 01:00:28 PM
- Worksport Ltd. Announces New Distribution Partnership with Dix Performance North to Expand Presence Across Canada • GlobeNewswire Inc. • 02/23/2024 01:00:00 PM
- Worksport Announces SOLIS Solar Cover Availability for Ford F-150 Lightning, Pioneering Sustainable Off-Grid Energy Solutions for EV Pickup Trucks • GlobeNewswire Inc. • 02/21/2024 01:00:00 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:58:26 PM
- Worksport Completes Production of First 1,100 AL3PRO Hard folding Covers compatible with Ford, General Motors, Stellantis, Nissan, and Toyota Trucks • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Infineon and Worksport collaborate to reduce weight and cost of portable power stations with GaN • GlobeNewswire Inc. • 02/07/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/06/2024 01:00:30 PM
- Worksport Reports 2,050% Increase in Q4 2023 YOY Revenue, Following a 2,400% YOY Q3 Revenue Advance • GlobeNewswire Inc. • 02/06/2024 01:00:00 PM
- Worksport Subsidiary Terravis Energy Starts To Build Heat Pump Supply Chain • GlobeNewswire Inc. • 01/30/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 01:00:29 PM
- Worksport Announces Expansion of B2B Dealer Network and Upcoming Availability on Amazon, eBay, Walmart Marketplaces • GlobeNewswire Inc. • 01/29/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 01:00:34 PM
- Worksport Unveils AL3 PRO Hard-Folding Tonneau Cover - A Game-Changer in Pickup Truck Accessories - Proudly Made in the USA • GlobeNewswire Inc. • 01/24/2024 01:00:00 PM
- Worksport Announces SOLIS Solar Truck Cover will be Available for FORD, RAM (Stellantis) & GM • GlobeNewswire Inc. • 01/18/2024 01:00:00 PM
- Worksport Ltd. Advances Toward COR Alpha Release: Purchases All Inventory Parts For Alpha Release Production • GlobeNewswire Inc. • 01/16/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 01:00:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 01:00:29 PM
- Residential Heat Pump Prototype Shows Exciting Early Test Results Beating Current Market Standards – Terravis Moves Heatpump To Commercial Design Stage • GlobeNewswire Inc. • 01/09/2024 01:00:00 PM
- Worksport Announces Strategic Partnership with NeuronicWorks to Assemble COR Battery System for Alpha Release and Full Production • GlobeNewswire Inc. • 01/03/2024 01:00:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM