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Wednesday, June 29, 2022

The Exciting Story of TerraVis and Worksport Ltd (OTCMKTS: WKSP)

Worksport Ltd (OTCMKTS: WKSP) has been on an explosive rise in recent weeks off its base under a dime. The stock has a history of big moves running to highs over $0.50 earlier this year when it was still trading as FNHI.

WKSP got another boost after the Company launched a new website as well as a brand new tonneau cover system with solar power integration. The site GoTerraVis.com is now home to much awaited publicly available information on the TerraVis™ system – a platform for versatile and cost-effective solar power integrations for pick-up trucks. This groundbreaking innovation is the very first to combine practical, durable tonneau covers with a cutting-edge solar generation and energy storage system. Management is pleased to announce that it is presently in discussions with various parties interested in commercial partnerships with the TerraVis™ technology system, including a high-profile future electric truck manufacturer.

Worksport Ltd (OTCMKTS: WKSP) 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. Currently listed on the OTCQB Market under the trading symbol “WKSP.”

Franchise Holdings is led by CEO Steven Rossi who unlike most penny stock CEO’s is actually liked and respected by his shareholders. His twitter handle is @thehonest_ceo.

 

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FNHI

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. On February 12 FNHI announced it expects to soon begin distribution of Worksport tonneau covers for the light truck market through the Amazon.com, Inc. Marketplace.

WKSP is a growth story; in May the Company announced for the year ended December 31, 2019, revenue from the entire line of Worksport tonneau covers for the light truck market jumped a record 300% to $1,926,405, as compared to $481,521 for the same period last year. In addition, U.S. 2019 revenue increased a record 347% to $1,860,563 from $416,331 in same period last year, due to higher share of existing customer sales, more Worksport product available, and exclusive 10-year rights to Worksport name and logo granted by U.S. Patent Office (USPO).

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Currently running northbound WKSP is an exciting story developing in small caps that is getting a boost from the red hot EV space. The Company just launched a new website as well as a brand new tonneau cover system with solar power integration. The site, GoTerraVis.com, is now home to much awaited publicly available information on the TerraVis™ system – a platform for versatile and cost-effective solar power integrations for pick-up trucks. This groundbreaking innovation is the very first to combine practical, durable tonneau covers with a cutting-edge solar generation and energy storage system. Management is pleased to announce that it is presently in discussions with various parties interested in commercial partnerships with the TerraVis™ technology system, including a high-profile future electric truck manufacturer. WKSP has very little debt and a tight float; the Company is by Steven Rossi who does not take on toxic debt or dilute the share structure which has remained stable at 43mm shares outstanding. Mr. Rossi is focused on building the Company. selling truck covers and taking WKSP to a higher exchange. We will be updating on WKSP on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with WKSP.

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Disclosure: we hold no position in WKSP either long or short and we have not been compensated for this article.

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