Files non offering prospectus for CSE listing
Franchise Holdings International, Inc. (FNHI) has filed its preliminary non-offering prospectus with Ontario Securities Exchange Commission (OSC). The filing is required in order for FNHI to qualify in becoming a reporting issuer on the Canadian Securities Exchange (CSE)
The OSC has been designated as FNHI's principal regulator, and it is anticipated that the review of the preliminary non-offering prospectus will take approx. 10 - 20 business days.
"Once we obtain a CSE listing, we plan to raise capital hoping to grow Truxmart's revenues to our $50,000,000 target," Rossi said.
Truxmart will also be resuming development of the new Alpha and Alpha Helios tonneau cover. The Helios cover, capable of producing up to 400 watts of electrical current through three-four solar panels, will be designed to work with the electric and electric hybrid light duty trucks, now creating a presence in the market.
These trucks feature Li-ion battery packs coupled to an internal combustion generator delivering 80 miles of all-electric driving and extended range with hybrid efficiency. Patented and ready for final development, the Helios cover will open the way for Truxmart to work with these manufacturers who will be a growing factor in the marketplace within one-two years.
"Truxmart is entering a more rapid phase in its growth and development," said Rossi. "With new directors providing expert counsel, an expected CSE listing and products expected to provide an entry to the important electric and electric hybrid light truck sector, we believe we will be able to capitalize on more and more opportunities globally."