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RECORD SALES IN Q1 FOR VICINITY MOTORS +588 % INCREASE

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: $187 MCAD
Stock price at time of publication: $6.35 CAD ( reverse split price 2.11 CAD)
Evaluation: ~2.7 X sales for 2021 *
Business: Leading supplier of electric, CNG, gas and clean-diesel buses
Comparable peer : Greenpower Motor , Market cap $378 MCAD
Peer evaluation: 27 X sales for 2021
Website: https://www.grandewest.com/

*Assuming sales of 70 MCAD for 2021 which is equal to 200 buses sold for 2021.

Vicinity Motors corp yesterday (17/5 2021) reported their results for Q1 2021 and the numbers are IMPRESSIVE to say the least.
Here are some of the highlights:

  • Revenue grew 588% to $27.3 million in the first quarter of 2021, as compared to $4.0 million in the same year-ago quarter.
  • Delivered 67 buses for the three months ended March 31, 2021, as compared to 6 buses for the three months ended March 31, 2020.
  • Received orders for another ten Vicinity Lightning™ EV buses with expected delivery in 2021.
  • Entered into a strategic U.S. distribution agreement with ABC Companies, a leading provider of motorcoach and transit equipment in North America, to distribute the manufacturer’s Vicinity™ heavy-duty vehicles throughout United States.
  • The State of Washington and New Mexico selected Vicinity buses in a statewide purchasing contract that gives State transit agencies the right to purchase directly from the Company’s diverse bus portfolio.
  • Appointed respected industry veteran, prominent Canadian transit leader and former CEO of BC Transit, Manuel Achadinha, as Chief Operating Officer.
  • Announced strategic partnership to explore deploying Exro Technologies’ enhanced powertrain system into Vicinity’s next-generation electric bus fleet, providing high-performance and extended range.

    ESG Comment: Vicinity Motors has truly had a record speed development in 2020-2021 as our latest management interview showed. Vicinity Motors is one of the fastest growing electric vehicles bus companies that are trading on the public market , yet they are also among the most undervalued compared to peers such as Lion Electric and Greenpower Motor.

    As stated Vicinity Motors recorded a record increase of 588 % in revenues totalling 27.3 million CAD this first quarter , compare this to Lion Electric ,valued at 3.1 billion USD, which reported only 6.2 million MCAD in revenues for Q1 (512 % increase). We think this big difference in valuation is partly due to the fact that Lion Electric was brought to the market at a much higher valuation, due to being a SPAC, and also that Lion Electric is trading on the Nasdaq, which Vicinity Motors also will be doing shortly. Vicinity Motors also showed a net income of 2 million CAD and an EBITDA of 2.6 million CAD for the first quarter, putting the company in profitable territory.

    Management seems very confident that the company is heading in the right direction and ESGFIRE remains confident in keeping Vicinity Motors as our top pick for the electric vehicles sector.

    To conlude we leave you with the comments on the Q1 2021 report from CEO William Trainer:

“We are leveraging our strong momentum to accelerate the launch of next-generation electric vehicle (EV) products, including our breakthrough Vicinity Lightning™ EV, as well as other exciting, to-be-announced EV opportunities we are pursuing in the background. The land-grab for EV market share is underway and we are well positioned to gain traction through our longstanding partnerships with North American transit agencies.

“I expect to see robust year-over-year growth throughout the remainder of 2021, empowering our drive to create a more sustainable public transportation system. I look forward to providing our shareholders with further updates in the near-term as we launch new products, announce new transit agency customers and successfully execute upon our business plan,” concluded Trainer.

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

EXCLUSIVE INTERVIEW WITH CEO OF VICINITY MOTORS

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: $154 MCAD
Stock price at time of publication: $5.23 CAD ( reverse split price 1,75 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 $378 MCAD
Website: https://www.grandewest.com/

Vicinity Motors, the top pick for ESGFIRE in the public transportation for Electric vehicles. They are on a successful path to entering the large market in the United States. The company is currently trading at 3X projected sales for 2021 compared to 25X sales for competitor Greenpower Motor. Vicinity Motors already has an impressive market share of their domestic Canadian market and now aims to take advantage of the huge growth for demand in electric vehicles for the public transportation market. We have previously covered this stock in multiple posts. We decided to have an interview with the CEO William Trainer ( 3/5 2021)  to hear how he think the company is progressing on their goals:

ESG: Welcome to this interview with ESGFIRE William!

William:
Thank you!

ESG: Can you tell us what the status is for Vicinity Motors with the upcoming Nasdaq uplisting?

William:
We are pushing hard to ensure we are listed as soon as possible. We will announce updates as they are publicly available. This is a priority for management

ESG: What’s the Status on the new production facility in the United States?

William:
It’s going very well, we are working closely with the state of Washington. We have applied for grants and the local government has been very receptive and welcoming to us. We anticipate that the facility should be in production for Q1 2022.

ESG: What number of buses are you aiming on delivering for 2021?


William:
We aim to deliver 150 – 200 units in 2021. Lead times are between 8-12 months from order so any new orders we receive now will be delivered in 2022.

ESG comment: A delivery of 150-200 Units would equal about 52 million -70 million USD in revenues for 2021.

ESG: You have a potential revenue stream of 50-55 million dollars for 2021 which is 100 % more than what the company made in 2020.
Do you foresee that this growth is likely to remain at 100 % year to year and if yes for how long?

William:
Our new factory in Washington can easily produce 1000 buses a year at full capacity ( Equalling revenues of around 350 MUSD/year). We want to get to this full capacity quickly.Right now we are building our backlog to get the factory to full capacity, We have a lot of winds pushing us forward quickly in the United States with good momentum and a US factory helps a lot. We have qualified to sell to many new states already and we are in the process of new bids. We also aim to sell in Iowa, Missisipi, Georgia and getting sales people to gather the orders. We have been very successful in Canada and we are sure we will be successful in the United States too.

ESG:What do you think is the reason that  your new EV buses are gaining massive interest ?

William:
We can barely keep up with all the inquiries we get and the easy answer to that question is that we have always built exactly what the customers wants.  We are not trying to copy anyone instead we have designed our own purpose-built designed EV shuttle bus.

For example we saw a need for a mid-size buss for the industry  to be able to pick up people in residential areas so we listened carefully to our customers to deliver exactly the bus  they wanted such as a mid size low floor user friendly bus. Our buses get people off the road with their cars and make it more comfortable to commute. When it comes to our electric bus model we started with a clean diesel and compressed natural gas bus (CNG) . We saw there was a transitioning coming into electric vehicles so we wanted to be able to deliver the bus which was best in class at the best available price and that’s exactly what we have done. We are building 25 electric buses right now out of which 15 are already sold and the other 10 are going to be used as demonstration buses for our sales partners in Canada and the United states.

When we look at new models we look at what the automotive industry does. They look at producing 1 million vehicles of a new model and that’s the way we try to think.
We have a battery pack from our great supplier BMW which is integrated by our other partner Lion E-mobility. This battery pack allows is only 7 inches (18 cm) thick so we can put it in the low floor level which makes excellent low centre of gravity.

We also have onboard charging just like a Tesla car has so there is no need for expensive charging infrastructure for our customers.
Finally we have a costing of components which is highly efficient. We also put hydraulic breaks on our buses so the driver does not need commercial experience.

ESG: What is the pricing on your EV buses compared to competitors?

William:
Our buses charges up very easy on any standard grid and cost around 350 000 USD compared to 1 million USD for our competitors who have to put their batteries on the roof of their buses which also makes them very top heavy.

ESG:  What competitive advantage do you see that vicinity motors has over competitors such as NFI, Proterra etc?

William:  Our buses are more user friendly and a lot better priced. We are a smaller company than most of our competitors , we are therefore quicker to react to customer needs and we can react more quickly in line with customer demands. We have designed all our buses using our in-house engineering team and then working with industry leading teams like LION Smart and Hindujatech. We focus on customer service, as it’s important to take care of your customer so they are happy with your service. That way we often get  recurring orders from our existing customers.

ESG: How can your buses be so affordable in comparison to competitors?

William:

We are definitely the best price compared to competitors and this is because we have developed all our own software and internal communication. When we buy an electric component we embed it into the vehicle. If we were to buy our components off the shelf they would cost 650 000 to 700 000 USD. Since we design everything in house we are super competitive.
To give you an example we offer our standard clean diesel bus to LAX airport shuttle for 250 000 USD. Now we can offer them an electric solution for 350 000 USD which is a no brainer since the maintenance cost is lower for this vehicle , you’re not buying fuel and its also a lot more environmentally friendly. We see major growth in both shuttle bus and public transport coming.

ESG:What do you think of the new competitors in the electric vehicles sector for public transportation?

William:
There are a lot of startups in the electric vehicles space and I wish them all the best. However what you need to realize is that this is a competitive market and it is very tough to get your first order in the transit side. Buyers often look at how long you’ve been around for and how are you going to offer service. If you don’t have any track record of this it’s going to be difficult.

ESG:  Have you looked at any partnership for Vehicle-2-grid charging for your customers?

William:
Yes we have we are exploring a possible cooperation with a Vehicle-2-grid supplier .

ESG: Do you have any plans to compete in the school bus industry for EV buses?

William:
Not at this point in time, we are now focusing on shuttle and transit buses.
I must say though now we have developed all the software and such and we are always looking at where we can place a new vehicle. With that said I’m not ruling it out but its not on the map right now.

ESG: What does the cooperation with Exro mean for Vicinity Motors?

William:
We are very excited to be working with Exro and if you look at their cutting edge technology they improve the efficiency of the electric motor which shows they can save 30 % power and therefore increase the range of electric vehicles by 30 % !
We hope to have this solution in our vehicles by the end of this year (2021).

ESG: What are vicinity motors gross margin and EBITDA goals?


William:
We want to maintain a 20% gross margins on vehicles and we are confident we can achieve this. We have a scalable platform and as we scale up our margins will increase considerably.  We are breakeven on 100 buses so at  for example 300 buses our EBITDA will be very good. The sector EBITDA is around 3 % but we are aiming at a minimum of 10 %.

ESG: What is the growth strategy moving forward?

William:
Our growth strategy is twofold . First we need our factory in place and you need a strong marketing / retail presence. We have aligned ourselves with ABC Companies which is a BIG player and I’m not sure the market realize what a power house of corporation this is.
ABC companies is one of the top 3 contenders in the bus industry.
They started in motor coaches but are now taking on transit and shuttle lines. I think they will do a good job for Vicinity Motors and our core values goes well with theirs.

We are also looking at expansion on the west coast with the states of Washington, Oregon and are also working on California. ABC Companies are big on the west coast and can likely bring in tremendous sales.

ESG: When will you be giving guidance in the form of a back log?

William:
At some point we will start giving official guidance right now you can follow it with our news releases.

ESG: What do you think of the current share price?

William:
 I’m confident that once we get on the Nasdaq the evaluation will more fairly reflect our true value. We think we will likely see a better evaluation once we hit the Nasdaq Listing.

ESG: Thank you for participating William!

William:
My Pleasure!

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.







CIELO WASTE SOLUTIONS ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 342 MCAD at time of publication
Share price: 0,88 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions has today announced several changes to the board . Mel Angeltvedt, Robin Ray and Lionel Robins have resigned from their board positions for personal reasons. Lionel Robins will devote his time to focus on his work as COO at Cielo Waste Solutions. Robin Ray is stepping down to devote more time to his accounting practice and Mel Angeltvedt has decided to focus on his own business.

Cielo Waste Solutions also presents an addition to the board in the form of Ryan Jacksson, CEO of Renewable U. The press release describes his background as follows:

“Mr. Jackson, a seasoned, experienced executive, has grown and developed several businesses and is currently the majority
shareholder and managing director for RAMECO Group’s portfolio of companies in consulting, commercial real estate, healthcare, leasing, finance, biotech and green technology. Mr. Jackson has led or taken part in numerous successful exits and is a Certified Management Consultant and a member of the Institute of Certified Management Consultants of Alberta and is an active investor. Currently, Mr. Jackson is a director and CEO of Renewable U Energy Inc. In addition to Mr. Jackson’s business ventures, he has served on numerous other boards such as chairman of the Medicine Hat Police Commission and was the Chair of Alberta Law Enforcement Response Teams (ALERT). He has also served as a member of the board of directors of Alberta Business Link.”

Ryan Jackson commented, “I am excited and honoured to be invited to Cielo’s board and believe my background and experience can add significant value to Cielo. I am proud to be part of a company focused on addressing the massive environmental waste issues currently affecting our planet and creating a solution for this problem. A win-win for us all. The world’s garbage issues need to be addressed and Cielo has a
brilliant green solution.”

Don Allan, CEO of the Company, commented, “I would like to personally thank Robin, Mel and Lionel for their leadership on our Board and for the valuable contributions they have made during their tenure. I would also like to welcome Ryan Jackson to the Board as both Ryan and I see the huge opportunity and environmental solutions Cielo offers.”


ESG comment: We find it encouraging that Cielo Waste Solutions gets the addition of Ryan Jackson as a new addition of the board with his vast business experience. It’s also positive to see that Lionel Robins gets to focus solely on his work as COO of Cielo Waste Solutions. This change of the board simplifies and strengthens the relationships between the Joint venture partner Renewable U and Cielo Waste Solutions. This change of directors could also be a strategic move to make room for more heavy industry connected board members.

We own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

CIELO WASTE SOLUTIONS STRENGTHENS BALANCE SHEET WITH DEBENTURE CONVERSION

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 358 MCAD at time of publication
Share price: 0,92 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions announced today that the $10 Million CAD interest free debenture loan announced on march 3rd of 2021 has been received. The company also stated that the entire debenture has been converted into common shares at a price of 1.02 CAD per share by all lenders.

CEO Don Allan stated ” We are thrilled to see the financial commitment from a group of our larger shareholders and pleased to see their additional commitment by converting their debentures at a premium to the current market price. This injection of capital, along with the funds raised from the exercise of outstanding warrants has firmly positioned us with the financial strength to drive forward aggressively
to accomplish our next major milestones and do so ahead of schedule.”

The net proceed will be used to acquire land in Edmonton for the second 100 % owned Cielo Waste Solutions plant. This facility will have a capacity between 24000 liters (or 6340 US liquid gallons) to 48,000 litres per day (or 12,680 US liquid gallons). Initially the proceeds from this loan finanicing was intendedto also repay the Company’s senior secured loan, however the Company has been able to repay the secured loan prior to the closing of this Financing as a result of funds received from the exercise of warrants.

ESG Comment: It’s very encouraging to see that lenders want to convert their debt debentures at a significant premium to market price. This shows their confidence in Cielo Waste Solutions and also strengthens the balance sheet of the company enourmously. When the fully owned Cielo Aldersyde facility is operational it will by itself be able to generate revenues between $13 Million CAD to 26,5 Million CAD per year assuming 11 months run time and a price of 1,67 CAD per liter. The Edmonton facility is projected to produce revenues somewhere in the range of 4-10 times more than Aldersyde depending on the modular construction.

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying us for content posted on this blog.

VICINITY MOTORS CORP RECEIVES NEW ORDER WORTH $1.6 MILLION

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: $210 MCAD
Stock price at time of publication: $7,18 CAD ( reverse split price 2,39 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
Website: https://www.grandewest.com/

Vicinity Motors Corp announced yet another order today , this time the order consists of 4 Vicinity low emission diesel buses for County of Simcoe, Canada. The buses are expected to be delivered in the first half of 2022 and adds to the companys growing order backlog.


The company issued the following statement following the order:


“We are pleased to have secured this $1.6 +million agreement with the County of Simcoe, continuing our strong legacy as a leading bus supplier within the robust Canadian market,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Our core business and strong reputation provide a springboard as we help enable the transition to low-emission and zero-emission options at public transit agencies across North America. We look forward to continued traction in our home market in the quarters ahead, supporting us as we expand into the lucrative U.S. market alongside our tier-1 distribution partners.”

ESG comment:
Vicinity Motors Corp is our top pick in the EV vehicles sector. The company is growing at an ever increasing pace and have many exciting catalysts coming up including their NASDAQ uplisting and launch of their new US facility. In our previous blogpost about Vicinity Motors Corp on the 27th of april we summarized the milestones of 2021. Vicinity Motors is trading at around 3X sales for 2021, compared to their competitor Greenpower Motor trading at 34 X sales for 2021. We remain assured that VMCs evaluation sooner or later will catch up with the equivalent of its peers in the Electric Vehicles sector.

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

CIELO WASTE SOLUTIONS – ON TRACK WITH THE DEZULPHURISATION PHASE

Cielo Waste Solutions
Ticker: CMC.CN / CWSFF
Listings: Canadian Securitites Exchange / US OTC
Website:https://www.cielows.com/
Market Cap: 342 MCAD at time of publication
Share price: 0,88 CAD at time of publication
Industry: Converting waste to renewable fuel

Cielo Waste Solutions updated their shareholders today (29/4) with a very good news update regarding their dezulphurisation equipment.
Management confirms that they are still following their time table despite COVID related lockdowns, this thanks to having built in buffers into their original estimates. Management stated that original plans to start producing low sulphur diesel by mid june remains firm. The engineers working on the facility estimate having the equipment on ground mid-May, which would still have Cielo on the mid-June forecast. This equipment is required to produce low sulphur diesel in order to obtain the best pricing for fuel produced.

ESG Comment: We are very pleased to receive the news that the plan to produce low sulphur diesel remains on time plan, we have confidence in that management has the experience and knowledge to get this done on time. For anyone interested in reading the original statement and view pictures you can do so here. There has been some misconception of the actual time plan by the company since individual investors have done their own timeplans. We want to clarify that the only official timeplan ever provided however is made by the company itself.

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

Vicinity Motor Corp Partners with Exro to Deploy Enhanced Powertrain into Next-Generation Electric Buses

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: $208 MCAD
Stock price at time of publication: $7,11 CAD ( reverse split price 2,37 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
Website: https://www.grandewest.com/

Vicinity Motors Corp today (27/4 2021) announced a new cooperation with the innovative and leading clean tech company Exro Technologies.
This cooperation is yet another step by Vicinity Motor Corp to improving the next generation state of the art Vicinity electric bus.
The supply agreement will according to the press release “validate and deploy an optimized electric powertrain utilizing the Coil Driver™ technology for Vicinity’s suite of electric buses”.


The press release stated that ” Exro will supply the Coil Drive System technology and Vicinity will conduct operational validation through deployment of an optimized electric powertrain for VMC’s suite of electric buses.  The Coil Drive System solution will enable the next generation of electric buses with improved performance that accelerates the transition to a sustainable public transit system. VMC will test and validate the Coil Driver™ powertrain integration with the intent of implementing it in future serial production batches of the electric bus product line.”

ESG comment: It’s impressive to see Vicinity Motor Corp proving point after point that they are the THE leading electrical vehicles company when it comes to public transportation. After recently having partnered with Kontrol Energy this is yet another step to improve the next generation of electric vehicles buses .

Vicinity Motor Corp has so far this year announced very impressive progress:

-Upcoming uplisting to NASDAQ
-Strategic U.S. Distribution Partnership with ABC Companies which also has resulted in orders of 10 Ev buses
New Mexico Statewide Contract
-Washington state wide contract
-Orders for 15 vicinity buses worth over 6 MUSD

Management stated in the latest full year report on the 31st of march that they expect to deliver over 100 vicinity buses in the first half of 2021 compared to 55 buses for the entire year of 2020.  Vicinity Motors already has orders confirmed for delivery in 2021 which now totals revenues of ~$60 MUSD. Vicinity Motors is trading at around 3X sales for 2021, compared to their competitor Greenpower Motor trading at 34 X sales for 2021.

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

MASSIVE INTEREST FOR SOLARVEST ORGANIC PRODUCTS AND NEW PATENT APPROVALS!

Company: Solarvest Bioenergy Inc.
Listing : TSX Venture,Frankfurt
Ticker: SVS.V , 0ZJ:FRA
Market cap at time of publication: $24.4 MCAD
Stock price at time of publication: $0.46 CAD
Business: Patented plant based pharmaceuticals from algaes and Clean Energy Hydrogen production
Comparable peers: Else Nutrition market cap : 306 MCAD
Website:http://www.solarvest.ca/ and for the omega 3 products: https://eversea.ca/

Great news today (27/4 2021) for Solarvest Bioenergy (previously covered by ESGFIRE) as they announced that they have received patent approvals “in Australia and India. The intellectual property protection concentrates on the production of algal biomass, algal cell cultures, lipid compounds, and compositions thereof, including fatty acids, carotenoids and fat soluble vitamins. These patents add additional strength to the Company’s existing patent portfolio as it commercializes its line of organic Omega-3 products.”

Solarvest also discloses that they aim to launch their organic omega 3 product globally with a “clean label” and a “white label” approach. This means house branded products based on their unique bioavailable Omega3 ingredient. The company states there has been massive interest from the market for their unique organic omega 3 product line. The product has FDA NDI (New Dietary Ingredient) certification, and is USDA and EU Organic Certified.



ESG Comment:
The new patent approvals along with the MASSIVE communicated interest for Solarvest Bioenergy’s uniquely patented omega 3 product with sustainable production from algae bodes well for the coming massive sales launch that we anticipare from the company. We hope that the compant might even be able to break our projected sales of 2.5-3 MCAD for 2021. We have previously stated we see an upside of 480 % from current levels into 2022 if the company follows our projection.

What we consider MOST interesting is the fact that the company “has received substantial interest due to the timely introduction of a premium ingredient when the reality of chemical and heavy metal contamination in baby food has been brought to light.
https://oversight.house.gov/sites/democrats.oversight.house.gov/files/2021-02-04%20ECP%20Baby%20Food%20Staff%20Report.pdf”

There seems to be a BIG demand for an organic additive of omega 3 from the baby food industry. The company also states in the press release that ” Organic marketers fully recognize the value of chemical free production as a competitive advantage. Moreover, in
terms of intellectual property protection, the IP has been described as a rare commodity in a growing market segment”

To conclude it has to be said that the new white label and clean label approach simplifies and makes it MUCH cheaper to get to market with the organic omega 3 product segment!

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

EUROPEAN PARTNER WINDSPACE INVESTS ADDITIONAL FUNDS IN ENVIRONMENTAL WASTE INTERNATIONAL

Company: Environmental waste international
Listings :TSXV , US OTC
Ticker: $EWS $YEWTF 
Market cap at time of publication: $74 MCD
Stock price at time of publication: 0.30 CAD
Business: Tyre and waste recycling through reverse polymerization
TAM Market size: 158 billion $
Comparable peer : Scandinavian Enviro systems $SES
Website: https://www.ewi.ca/

Environmental Waste international has today (22/4 2021 ) announced that they have raised $1,233,000 million via a private placement of 4,110,000 Common Shares at $0.30 per share. There were no fees paid for the raise. Among the participants was the European partner Windspace. The European partner is expected to generate revenues of up to $100 million dollars in the next few years. Windspace , through its subsidiary Elysium, is currently constructing a facility that will treat 30,000 tons of ELT every year.

The company issued the following statement with the press release:

“We chose to raise a modest amount of working capital to accelerate the commercial-scale deployment of our proprietary technology. Our previously announced partnerships for development of plants in Canada and Europe are proceeding in a timely manner, so we feel it is prudent to expand our execution capabilities accordingly,” stated EWS CEO Bob MacBean

ESG comment: This is an extremely promising step that further strengthens the partnership between Windspace and EWI . EWI is on a path to a breakthrough year and currently has 5 planned facilities in Europe and Canada. It’s also very impressive that the financing was done without the need to pay any fees!

Legal Disclaimer:

I own shares of this company personally.

Investing in stocks is combined with certain risks and it is possible to lose your entire investment. My posts are made for Educational purposes only and are not to be interpreted as tips , financial advise or recommendations of any kind to either buy or sell any stocks.

Companies may or may not be paying me for content posted on this blog.

VICINITY MOTORS ANNOUNCES $6 MILLION CONTRACT FOR 15 VICINITY BUSES !

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: $225 MCAD
Stock price at time of publication: $7,67 CAD ( reverse split price 2,55 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
Website: https://www.grandewest.com/

The latest large order announced today (19/4) by Vicinity Motors is for 15 CNG buses from a leading Canadian provincial public transportation provider. The 30-foot Vicinity™ buses are powered by compressed natural gas (“CNG”). VMC says they expect delivery of the buses in the first half of 2022 which further strengthens the backlog of the company since revenues are recognized upon delivery of vehicles.

The company issued the following statement with the press release:

“We are pleased to have secured this substantial supply agreement with one of our long term transit customers. We continue to leverage our strong brand reputation throughout the Canadian market to sell CNG buses and position ourselves for wider adoption of clean tech vehicle offerings in the future,” said William Trainer, President and Chief Executive Officer of VMC. “We will continue to strive towards expanding market adoption of our clean-burning CNG and fully electric bus lines, driving forward the transition to a more sustainable public transportation system. I look forward to continued operational execution in the months ahead, helping to create long-term value for our shareholders.”

ESG Comment: We find it very promising that VMC already has another order worth 23 % of the entire revenues for 2020 booked for 2022. The company strangely enough continues to trade at a considerable discount to peers. The evaluation right now if the turnover for 2021 stays at $50MUSD with no further orders delivered as of today would be 3 X sales for 2021. In comparison their peer Greenpower motor has an evaluation right now of 33 X sales for 2021. Vicinity Motors Corp has also recently announced several impressive contracts and agreements which may increase sales in 2021 and beyond to a higher level than I’ve previously mentioned

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I own shares of this company personally.

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