Worksport Ltd (WKSP)

[buckyboy]

WKSP has h ired a ton of people to support their expansion over the last year. And it continues to add people to the rolls. They are now North of 50 employees. The last PR indicates their next phase is a big push to market now that they have a variety of great soft and hard covers available.

Consistent hiring push and a need to continue to build inventory and increase productio capacity leads me to believe that they are close to needing some additional capital. Last Q indicated about 5.7M in cash on hand. They are actively working to get grants etc to help fuel expansion. They also have warrants sitting out there priced at 6.05. This could also generate some capital as they grow. I think it will be a combination of many sources that can help fuel their growth and maintain a crazy low capital structure.

Four more production lines combined with additional automated equipment requires capital.

It's all good as WKSP is ready to roll North. COR/SOLIS Q1 2024 IMO. They're working with some big players on th is technology.

JMHO