Vicinity Motor Affirms State of Washington Support for Transit Electrification with State Grant

Company: Vicinity Motor Corp(formerly Grande West Transportation )
Listings :TSXV , US OTC SOON to be up listed at Nasdaq
Ticker: VMC.V (previously BUS ,BUSXF at US OTC
Market cap at time of publication: $191 MCAD
Stock price at time of publication: $6,52 CAD ( reverse split price 2,16 CAD)
Business: Leading supplier of electric, CNG, gas and clean-diesel buses for
both public and commercial enterprise use in the U.S and Canada
Comparable peer : Greenpower Motor , Market cap $500 MCAD

Vicinity Motors corp has today announced that they have received over $300 000 worth of grants for the development of their new facility in the state of Washington. The economic development grant from the Washington State Department of Commerce is part of a larger group of state grants focused on high impact investments in the areas of innovation, sustainability and resilience.

ESG comment:
We welcome the news of this grant as a sign that Vicinity Motors corp is building a strong relationship with the state of Washington and that their new establishment has been well recieved! This is a step in the right direction towards more grants and cooperations with the local authorities.

We own shares of this company personally.

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