April 29 (Reuters) - Freshii Inc FRII.TO :
* FRESHII PROVIDES BUSINESS UPDATE
* FRESHII INC - EXPECT THAT ONGOING COVID-19 PANDEMIC WILL HAVE MATERIAL IMPACT ON CO'S BUSINESS, OPERATIONS & FINANCIAL PERFORMANCE FOR AT LEAST H1 2020
* FRESHII - EXPECTS THAT NUMBER OF AFFECTED LOCATIONS WILL CONTINUE TO FLUCTUATE, WITH CORRESPONDING EFFECT ON CUSTOMER TRAFFIC VOLUMES, REVENUE AT THESE LOCATIONS
* FRESHII - INITIATIVES TO ASSIST FRANCHISE PARTNERS INCLUDE A TEMPORARY DEFERRAL OF 25% OF ROYALTY FEES FROM MARCH 30, 2020 FORWARD
* FRESHII - INITIATIVES TO ASSIST FRANCHISE PARTNERS INCLUDE FULL FRESHII FEE DEFERRAL FROM MARCH 9 - MARCH 29, 2020
* FRESHII - ALL DEFERRED AMOUNTS TO BE COLLECTED AT LATER DATE AS DETERMINED BY CO