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Worksport Adds New U.S. Distribution in AutoAnything.com

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Among the largest online auto accessory ecommerce giants, Worksport Tri Fold already offered, many other products to follow

TORONTO, Nov. 19, 2019 — Franchise Holdings International Inc., (OTC: FNHI) (or the “Company”) Worksport Ltd.’s parent company, has begun selling its line of light truck covers on AutoAnything.com. Within the multi-billion-dollar market, AutoAnything is one of the largest and fastest-growing American online auto accessory ecommerce giants. The retailer has now offered the Worksport Tri Fold tonneau cover and will add additional Worksport products as they launch in the U.S.

“Our association with AutoAnything.com is part of a recent move to take a huge step forward with a greatly expanded U.S. footprint,” said Steven Rossi, Worksport and FHNI CEO. “Worksport is thrilled to be offered by AutoAnything, a highly regarded and respected U.S. auto accessory brand. We intend to work tirelessly to provide the highest level of product quality and customer service that is synonymous with AutoAnything’s reputation.”

Worksport management will work closely with the AutoAnything team to grow the Worksport brand as an innovative and well-built product for American consumer. Under the terms of the relationship, Worksport will stock and ship its products daily based on demand generated from the AutoAnything marketplace.

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About Worksport Ltd.
Worksport Ltd., a fully owned subsidiary of Franchise Holdings International. Inc. is 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

About Franchise Holdings International
Listed on the OTCQB Market under the trading symbol “FNHI” and currently in the process of a dual listing on a Canadian Stock Exchange, Franchise Holdings International’s strategy is to acquire business in the fastest growing business segments and to create shareholder value in the process. Once a business of interest is acquired, our mission is to further develop and accelerate the growth for all of our acquired subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd.

For further information please contact:

Mr. Steven Rossi
CEO & Director
Franchise Holdings International
.
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Website: www.FranchiseHoldingsInternational.com

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.’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. 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. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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Worksport Grows Portfolio of Intellectual Property Assets with its Most Valuable Patent Awarded to Date

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Worksport Ltd. has been successfully granted all claims by the United States Patent and Trademark Office (USPTO) in its most recent and most valuable patent application to date.

TORONTO, CANADA, Nov. 25, 2019 — Earlier last week Worksport Ltd., the lead investment and subsidiary of Franchise Holdings International (OTC: FNHI), received official notice that their recently submitted ‘‘Alpha’’ patent application—as it has been referred to internally—has reached a pivotal milestone. The USPTO granted all claims that were made in the application; a patent application relating to new technologies that will be utilized in a new line of products to be offered by Worksport. With the claims now fully approved, Worksport is set to pay the UPSTO filing fees, and the patent is then expected to publish within the year. The most valuable asset in the Corporation’s growing intellectual property asset portfolio, this patent is of incredible significance not only for Worksport product users, but for shareholders and future investors alike.

The ‘Alpha’ patent was drafted over the course of three years with an incredible degree of care and fine-tuned attention to detail, ensuring infallible strength in terms of the patent’s security, enforceability and opportunity for monetization. This patent is a significant advancement for Worksport, further propelling into motion the plans for innovative and technologically advanced additions to the Worksport product line—innovations that are already well underway and visible on the horizon. The ‘‘Alpha’’ patent protects a number of inventive new features that will be versatile in nature, enabling each product user to make unique modifications for their specific needs. These new innovations will transform the conventional tonneau cover into a customizable system for each individual lifestyle, setting Worksport apart from its competitors.

Earlier this week FNHI announced that Worksport is officially set to release information regarding the forthcoming TerraVis product line, a groundbreaking new innovation that integrates tonneau covers with the power of solar technology. Worksport has applied for the official TerraVis word mark, which is expected to be granted by the USPTO within the year, and plans to release further information on TerraVis in the very near future. The ‘Alpha’ patent that has been granted refers to the ‘‘Alpha’ product. However, the ‘Alpha’ product—a component of the TerraVis system—is soon to be renamed by the Corporation and will not be utilized as an official product name.

Following this recently awarded ‘Alpha’ patent, Worksport has a series of additional patent applications currently in process and also intends to request continuations on the ‘Alpha’ patent. This would allow the patent to branch out into multiple assets, each of which will, in turn, create additional value within the Corporations overall asset portfolio. Each of these patent continuations will hone in on one very specific and particularly inventive aspect of the technology in question, further securing the intellectual property. According to FNHI’s CEO, Steven Rossi, “one of the mandates of Worksport is to build out a comprehensive patent asset portfolio. Our intellectual property will be enforceable, monetizable, and we will protect our intellectual property with the utmost vigor.”

As Worksport’s portfolio of intellectual property patents continues to grow, FNHI is confident that these patents will strengthen Worksports validity as a provider of innovative, versatile and reliable pick-up truck products, and will further secure a favourable market valuation. Worksport is seeking investment capital in relation to the ‘Alpha’ patent and forthcoming TerraVis product line, and FNHI encourages investors and shareholders to stay attuned to important announcements from Worksport in the near future.

About Worksport:
Worksport Ltd. is a fully owned subsidiary and the current lead investment of FNHI. Worksport is a manufacturer of high quality, cost effective tonneau covers and accessories for trucks. It designs and produces hard-working and affordable pick-up truck gear for both work and sport. The company’s product line is versatile and future-focussed, meeting a substantial need within the market. Worksport offers traditional products that are both affordable and dependable, while also offering innovative and sophisticated variations that the pick-up truck market currently lacks. Worksport currently serves customers in Canada and the United States. For more information visit www.worksport.com.

About Franchise Holdings International:
Listed on the OTCQB Market under the trading symbol ‘FNHI’ and currently in the process of a dual listing on a Canadian Stock Exchange, Franchise Holdings International’s strategy is to acquire business in the fastest growing segments, creating shareholder value in the process. Once a business of interest is acquired, FNHI’s mission is to further develop and accelerate the growth for all acquired subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd.

Contact:
Mr. Steven Rossi
CEO & Director
Franchise Holdings International
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com

Website: Franchiseholdingsinternational.com

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.’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. 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. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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Worksport to Launch World’s First Tonneau Cover Integration with Solar Technology for Pick-up Trucks

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Solar Power Stock

Leading tonneau cover and truck accessory producer, Worksport, to release information on the forthcoming TerraVis product line – the first ever series of solar power integrations for pick-up trucks.

TORONTO, CANADA, Nov. 20, 2019 — The current lead investment and subsidiary of Franchise Holdings International (OTC: FNHI), Worksport Ltd., has applied for trademark and is set to release information regarding its plan to move forward with a groundbreaking new technological initiative, TerraVis.

FNHI has previously made reference to TerraVis under the proposed name of Helios. The temporary name Helios will no longer be utilized and, in an effort to streamline all communications and business activities, TerraVis will be used exclusively moving forward. This ambitious development follows a recently awarded trademark allowance for Worksport, it’s third in 2019, further securing Worksports position as a fierce competitor in the industry. FNHI has taken recent action to apply for the TerraVis word mark with the United States Patent and Trademark Office (UPSTO) and, as no similar trademark exists within the current market, the Corporation expects that the mark will be granted by the UPSTO within the year.

An initiative of Worksport, TerraVis is a mobile panel and solar generator system completely unique in both its design and application. The name TerraVis is derived from the Latin terminology for earth (terra) and force (vis). TerraVis will encompass a line of innovative and powerful solar generator integrations for trucks, making the connection between earth and force a vital component of the vision and energy behind TerraVis. The very first of its kind, this brand new solar generator system is a breakthrough innovation that aims to affordably modernize and enhance the trucks of today while working towards carbon neutrality.

Worksport has made significant developments in the design phase and confirms that TerraVis—comparable to no other products currently available on the market—will leverage the cutting edge technology of solar energy alongside the practical versatility of tonneau covers and pick-up truck accessories. “The TerraVis system has the potential to effectively off-grid trucks, allowing them to capture and utilize solar energy whether they have been engineered with electric capabilities or not,” says FNHI CEO, Steven Rossi. “We are creating a system that will bridge a substantial gap in the current market—a gap between every-day truck owners and the future’s most promising technologies.”

Worksport is currently seeking investment capital to aid in the next phase of development for TerraVis, and FNHI encourages investors, shareholders and customers alike to keep a close watch for further TerraVis announcements in the coming weeks. The Corporation expects to release additional information and a comprehensive TerraVis website launch later this month.

About Worksport:
Worksport Ltd. is a fully owned subsidiary and the current lead investment of FNHI. Worksport is a manufacturer of high quality, cost effective tonneau covers and accessories for trucks. It designs and produces hard-working and affordable pick-up truck gear for both work and sport. The company’s product line is versatile and future-focussed, meeting a substantial need within the market. Worksport offers traditional products that are both affordable and dependable, while also offering innovative and sophisticated variations that the pick-up truck market currently lacks. Worksport currently serves customers in Canada and the United States. For more information visit www.worksport.com.

About Franchise Holdings International:
Listed on the OTCQB Market under the trading symbol ‘FNHI’ and currently in the process of a dual listing on a Canadian Stock Exchange, Franchise Holdings International’s strategy is to acquire business in the fastest growing segments, creating shareholder value in the process. Once a business of interest is acquired, FNHI’s mission is to further develop and accelerate the growth for all acquired subsidiaries. Currently the Corporation has one fully owned subsidiary, Worksport Ltd.

Contact:
Mr. Steven Rossi
CEO & Director
Franchise Holdings International.
T: 1-888-554-8789
E: Investors@franchiseholdingsinternational.com
Franchiseholdingsinternational.com

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.’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. 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. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This article is contributed by IAMNewswire.com. It was written by an independently verified journalist and is not a press release. It should not be construed as investment advice.

Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com

Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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BenzingaEditorial

Luckin Coffee’s Impressive Growth and Retail Model Could Dethrone Starbucks in China

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Luckin Coffee News

If you don’t know Luckin Coffee (NASDAQ:LK), let us help you: it’s Chinese Starbucks (NASDAQ:SBUX) that is posing quite a headache to Starbucks Corporation in China. But more importantly, it is China’s fastest-growing coffee entreprise. On Wednesday, the company surprised investors with yet another quarter of boiling growth, although its bottom-line losses persevered. But Luckin Coffee’s third investors overall delighted investors as its shares spiked 13% consequently.

Third quarter

To give you a better idea why investors were so delighted, we will compare the latest figure with the same quarter last year. Prepare to be amazed as revenue increased 640% as it reached $215.7 million. Revenue from product sales exceeded the high end of management’s forecast range with the average number of monthly transacting customers spiking 398% to 9.3 million. Net revenue from freshly-brewed beverages amounted to $160.2 million, representing 74.3% of total revenue during the quarter. This is a drop comparing to same quarter last year when it reached 80% but this is expected as the company is building its non-coffee portfolio with baked goods and also its newly launched Luckin Tea brand. And we know China is a tea-drinking market.

Persevering but improved loss

Unfortunately, the company’s loss also increased by 9.6% and amounted to -$74.4 million, with the diluted loss per share being – $0.04. But there were quite a lot of investments as the store count increased by 210% to 3,680 stores. And more importantly, the company’s net loss increased at a far slower rate than revenue and even improved sequentially comparing to the previous, second quarter of the year. Not to be neglected is also the fact that Luckin Coffee decreased its delivery costs by opening all those new stores, with delivery sales now accounting to 3.1% of total revenue as opposed to 5.7% in the same quarter last year.

Competition

Perhaps the most unique feature Luckin Coffee just revealed is its business model extension. Although it is similar to a traditional franchise offered by its competitors, Lucking introduced its very own version of a so called ‘retail partnership model’. Like in a franchise, the new partner is in charge of space, staff hiring and every day store operations while gaining the benefits of Luckin’s brand, cashier-less mobile ordering and payments, as well as the supply chain. But the partner won’t be required to pay an initial franchise fee, removing pretty much the biggest obstacle to all those interested parties as they will only share their revenue on a tiered basis. This ‘asset-light expansion model’ enables Luckin’s partners to invest more in the business’ early stages but also provide Luckin with greater revenue once sales start to increase. With less capital at risk, this model should trigger an even faster store growth.

But to be realistic, the company still has a way to go in matching its greatest rival Starbucks which has a global presence around the world, with the market cap of nearly $100 billion. But then again, Luckin is making way in a key market for Starbucks and aiming to dethrone Starbucks in China by the end of the year. Starbucks needed almost two decades to reach 4,125 stores in China whereas Luckin now already has 3,680 with this quarter’s additions that nearly tripled the operational costs. Luckily for Luckin, that declined due to reductions led by its app-focused model. But the fact is Luckin still needs to find a way to become profitable.

Outlook

If Luckin can again substantially scale its top line while continuing to improve its losses, it may yet win another round of during its next quarter as well. The company’s shares have now climbed more than 59% since the company went public in May. But this quarter resulted in Friday’s stock surge making Luckin’s market cap at $6.4 billion, and made its chairman Lu Zhengyao into a billionaire, with its the fortune being estimated at $2.26 billion.

This article is contributed by IAMNewswire.com. It was written by an independently verified journalist and is not a press release. It should not be construed as investment advice.

Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com

Contributors – IAM Newswire accepts pitches. If you’re interested in becoming an IAM journalist contact: contributors@iamnewswire.com

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