Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $223 MCAD Stock price at time of publication: $7,22 CAD ( reverse split price 2,40 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 $485 MCAD Website: https://vicinitymotorcorp.com/
Vicinity Motor Corp, a leading supplier of electric, CNG and clean diesel vehicles, today announced that it will release financial results for the second quarter ended June 30, 2021, after market close on Wednesday, August 11, 2021.
Management will host an investor conference call at 4:30 p.m. Eastern time on August 11, 2021 to discuss Vicinity’s second quarter 2021 financial results, provide a corporate update, and conclude with Q&A from telephone participants. To participate, please use the following information:
Q2 2021 Conference Call and Webcast
Date: Wednesday, August 11, 2021 Time: 4:30 p.m. Eastern time U.S./Canada Dial-in: 1-877-300-8521 International Dial-in: 1-412-317-6026 Conference ID: 10159285 Webcast: http://public.viavid.com/index.php?id=146136
Please dial in at least 10 minutes before the start of the call to ensure timely participation.
A playback of the call will be available through Saturday, September 11, 2021. To listen, call 1-844-512-2921 within the United States and Canada or 1-412-317-6671 when calling internationally. Please use the replay pin number 10159285. A webcast will also be available by clicking here: Vicinity Q2 2021 Webcast.
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Investing in stocks is combined with certain risks and it is possible to lose your entire investment. Our 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.
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Company: Vicinity Motor Corp(formerly Grande West Transportation ) Listings :TSXV , NASDAQ Ticker: VMC.V & VEV Market cap at time of publication: $209 MCAD Stock price at time of publication: $6,79 CAD ( reverse split price 2,26 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 $485 MCAD Website: https://vicinitymotorcorp.com/
Vicinity Motor Corp today announced that the MBTA has authorized an award on behalf of the California Association for Coordinated Transportation (“CALACT”) consortium members to select Vicinity buses in a statewide purchasing contract that gives State transit agencies authority to purchase “Buy America” compliant buses directly from the Company’s diverse portfolio through its distribution partner ABC Companies.
CALACT is the largest state transit association in the United States, representing California small, rural and specialized transportation providers statewide. CALACT has over 300 members and is dedicated to promoting professional excellence, stimulating ideas and advocating for effective community transportation.
Vehicles authorized for purchase will be produced at Vicinity’s recently announced “Buy America” compliant assembly facility in the State of Washington, which will produce environmentally friendly CNG and clean-diesel vehicles between 28 and 35 feet in length. Once constructed, the Washington State based facility will also produce the upcoming Vicinity Lightning 28’ all electric transit bus.
“The California market represents the largest in the United States, and this contract allows all CALACT members the ability to choose Vicinity as an OEM supplier for their growing fleets,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “CALACT forecasts this contract may include up to 8,000 vehicles over 5 years, representing a major opportunity for Vicinity to expand in California. Leveraging our partnership with ABC Companies, we believe we can offer competitive bids for our innovative line of Vicinity high efficiency buses. We look forward to working with CALACT members to match our unique vehicle offering with their requirements, creating long-term value for both our customers and shareholders,” concluded Trainer.
Roman Cornell, President ABC Companies added, “Our partnership with Vicinity Motor Corp. continues to expand, leveraging Vicinity’s heavy duty mid-size product range which brings exceptional value and flexibility to a changing transit market. The upcoming Vicinity Lightning battery electric bus will further expand our existing electric offering and bring a unique Buy America compliant solution to customers and agencies focused on carbon reduction initiatives.”
ESG Comment: Today’s news is another HUGE milestone for Vicinity Motor Corp with a contract potential to add sales of up to 8000 vehicles over the next 5 years. This contract could potentially add annual sales figures of 350 MCAD – 560 MCAD for the company. There has lately been news of VMC’s electric vehicle rival Proterra having buses in California catching fire due to extreme heat and also that local officials are considering pulling their buses out of traffic. Therefore this new contract should definately open up for Vicinity Motor corp to take a big piece of the coming growth in the Californian Electric Vehicles market seeing as Proterra’s reputation and stock price is getting beaten down.
Legal Disclaimer:
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.
Company: Solarvest Bioenergy Inc. Listing : TSX Venture,Frankfurt Ticker: SVS.V , 0ZJ:FRA Market cap at time of publication: $18.26 MCAD Stock price at time of publication: $0.33 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/
We are pleased to see Solarvest announce that its subsidiary, Eversea Inc., has entered into a contractual agreement with Canada’s Smartest Kitchen to develop a formulation for a nutritional-enhancing ingredient based on Eversea’s patented organic DHA powder. This mixture can be used by companies who are producing plant-based seafoods which require Omega-3s to compete in the fish and shellfish marketplace. Canada’s Smartest Kitchen’s expertise in food science, ingredients and flavours makes it the perfect partner to help develop this new product(s).
Gerri Greenham (CEO) comments: This is an exciting opportunity for the company, to use its unique and patented organic Omega-3 ingredient for the plant-based fish and meat industry, as consumers of plant-based seafood are looking for a healthy, environmentally-friendly product. Eversea has developed a fish-free, algae-based organic Omega-3 that has been certified organic by the EU and USDA. The product does not contain any chemicals, and it has received Glyphosate Residue Free certification from The Detox Project.
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 Motorstoday announced that it has received an initial order from a private operator in British Columbia for 10 VMC 1200 Class 3 Trucks valued at over $1.0 million.
“We are thrilled to receive our first order for our recently announced all-new Vicinity 1200 Fully Electric Class 3 Truck designed for urban environments and construction or delivery applications,” said William Trainer, Founder and CEO of Vicinity Motor Corp. “As companies seek solutions to diversify their fleets and mitigate exposure to energy and carbon costs, we expect strong interest in the VMC 1200 and are pleased to have our first order so quickly.
We believe the market conditions are ideal for a medium-duty electric truck with a 6,000-pound load capacity, expected range up to 150 miles on a single charge, and a popular cab-over design – all at an attractive price. We expect to see additional orders as we continue to introduce the VMC 1200 across our dealer network to potential customers in a market that sees over 400,000 vehicles sold per year.”
The order of 10 VMC 1200 Class 3 Trucks are scheduled for delivery in Q1 2022.
ESG comment : We are pleased and excited to see that our top pick in the electric vehicles sector vicinity motors already has received its initial order for their new Class 3 truck.
We believe this is a huge potential revenue stream not factored into the share price at all. We are looking forward to closely following the development of the sales for this vehicles class . We believe this is only the start of sales for vicinity Motors in the huge last mile delivery electric vehicles sector.
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 advice 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.
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: $290 MCAD Stock price at time of publication: $9.40 CAD ( reverse split price 3.13 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 $486 MCAD Website: https://vicinitymotorcorp.com/
Vicinity Motors will host a groundbreaking ceremony to mark the start of construction on the Company’s new “Buy America compliant” vehicle assembly facility in Ferndale, Washington on Friday, July 9, 2021.
The new facility will be the Company’s first U.S. assembly plant for Vicinity Motor Corp.’s growing line of electric, CNG, gas and clean diesel vehicles. The property is located near the Company’s Aldergrove, British Columbia, Canada Headquarters with easy access to port, rail and truck shipping and receiving facilities. Operations at the facility will include Buy America compliant assembly, pre-delivery inspections, research and development, as well as general technical work and servicing. The facility is expected to begin operation in the first half of 2022.
William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp., will lead the groundbreaking event. He will be joined by employees, state and local government officials including Washington State Governor Jay Inslee, and Roman Cornell, President ABC Companies, Vicinity’s U.S. distribution partner.
The ceremony will begin at 11:00 AM Pacific Time at 5354 Pacific Fern Dr, Ferndale, WA 98248, USA.
“We would like to extend an open invitation to customers and individuals interested in Vicinity and the future of sustainable public transit to join us at this ceremony,” said Trainer. “The day will mark the commencement of construction on our new U.S. assembly plant which will grow our production for Buy America compliant production for our Vicinity™ line of buses. We will also be making this the new home to support our newly announced industrial electric truck line starting with the VMC 1200. We have designed the facility with flexibility and expansion in mind to deliver up to 1000 vehicles a year.
“Support from the State of Washington and the local community has been instrumental to this launch, and we are honored to be celebrating the occasion with the Governor of Washington, Jay Inslee. With their support, we are privileged to expand our workforce in the United States by adding an expected 30 new jobs to start with, and the ability to increase personnel as demand grows.
“In conjunction with our uplisting to the Nasdaq today, this ceremony will mark two key milestones for our company and shareholders, and we look forward to celebrating the future of VMC with all in attendance,” Trainer concluded.
Roman Cornell, President ABC Companies, added, “As Vicinity’s U.S. distributor and close partner, we are excited to attend the ceremony, and to offer the exceptional Vicinity product line to our customers throughout the United States. Infrastructure, transportation and clean energy have never been more important, and the vehicles rolling off this production line and into the fleets of ABC Companies’ valued customers will play a key role in shaping the future of public transit.”
ESG comment: Vicinity Motors is our Top Pick in the Electric Vehicles sector , our latest analysis is found HERE. Today Vicinity Motors begins trading on the NASDAQ exchange (Ticker VEV) which marks a big day for the company. We are also delighted to take part of the news that the groundbreaking ceremony for the new Vicinity Motors US facility is taking place this friday (9/7) . Having a factory that is Buy America compliant is crucial for the company’s US expansion plans and with a factory capacity to deliver up to 1000 vehicles per year the growth is anticipated to be massive for the company’s sales in the coming years!
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.
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: $223 MCAD Stock price at time of publication: $7.23 CAD ( reverse split price 2,41 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 $545 MCAD Website: https://vicinitymotorcorp.com/
The Company expects to begin trading on the Nasdaq on Wednesday, July 7, 2021 under the symbol “VEV”. The Company’s common shares will continue to trade on the OTCQX until market close on July 6, 2021. The trading symbols for on the TSX Venture and Frankfurt exchanges will remain unchanged.
“The listing of our shares on the Nasdaq represents a significant milestone for Vicinity Motor as we leverage our strong momentum to accelerate sales of our next-generation electric vehicle (EV) products,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “We believe a Nasdaq listing will help elevate the Company’s public profile, expand our shareholder base, improve liquidity and enhance shareholder value.”
“We continue to see traction in the marketplace, delivering 20% more vehicles in the first quarter of 2021 than we did in all of 2020 combined. We believe that our growth in the future will be driven by our breakthrough Vicinity Lightning™ EV bus, as well as our new VMC 1200 Class 3 EV truck. Both of which have seen strong support from government agencies, private operators, dealers and transit authorities for the electrification of their fleets. We expect additional EV innovations we have been developing to further solidify our position as a leader in this market. VMC is well positioned for continued growth and we have the human and financial resources in place necessary to support that growth. We look forward to sharing our story with a wider network of Nasdaq investors.”
ESG comment: The long awaited NASDAQ uplisting confirmation has arrived and it’s a joy to see one of our biggest conviction portfolio companies advance to Wall Street. This opens up Vicinity Motors to a far larger private investor market as well as for larger institutional investors. It will be very exciting to follow how this can affect the stock price both on a short, medium and longer term especially since there are many more expensively valued competitors listed on the NASDAQ exchange.
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.
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: $2223 MCAD Stock price at time of publication: $7.29 CAD ( reverse split price 2,43 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 $472 MCAD Website: https://vicinitymotorcorp.com/
Vicinity Motor Corp today announced its Vicinity Lightning™ EV bus, as well as its recently announced line of EV trucks, have received eligibility for customer rebates of up to 33% of the purchase price through the Canadian Province of British Columbia’s CleanBC Go Electric Program.
The CleanBC Go Electric Specialty Use Vehicle Incentive Program is one of a suite of programs offered under the Province of BC’s CleanBC Go Electric Program. The program is funded through the Ministry of Energy, Mines and Low Carbon Innovation and is administered by the Fraser Basin Council Society. The program provides a maximum rebate of $100,000 or 33% of the purchase price per vehicle, whichever is lower. The program website link is https://pluginbc.ca/suvi/.
“This significant rebate opportunity for customers, such as this rebate in B.C., will propel the already strong momentum for our breakthrough Vicinity Lightning™ EV bus offering and recently announced VMC 1200 Class 3 EV truck,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “The continued support from the forward-thinking local, provincial and national governments of Canada for electrification is significant. The new rebates from the CleanBC Go Electric Program are intended to encourage and accelerate the adoption of zero-emission vehicles (ZEVs) in British Columbia for both their environmental and economic benefits – and our Lightning™ EV and VMC 1200 Class 3 truck perfectly aligns with these goals by providing the versatility to support countless transit and industrial applications.
“These savings can be significant for our prospective customers, ranging from over $40,000 for a medium duty Class 3 vehicle, to the maximum $100,000 for our extended range 168 kWh Vicinity Lightning™ EV. We believe the rebates will further position our EVs at a price point very suitable for mass deployment, increasing sales and building shareholder value,” concluded Trainer.
To view the new introductory sales video for the VMC 1200, please visit here.
ESG comment: Vicinity Motors has previously sold over 200 buses to BC transit which operates over 1100 buses in British Columbia. This rebate is extremely beneficial for the company as the already have a strong presence in the Canadian province of British Columbia. This rebate should further help accelerate the electrification of British Columbiaand also generate more sales for Vicinity Motors!
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.
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: $6,94 CAD ( reverse split price 2,31 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 $472 MCAD Website: https://vicinitymotorcorp.com/
The majority of the warrants exercised were since the date that Vicinity initiated the acceleration provision of its outstanding warrants issued in connection with its October 2020 private placement. As of the date of this press release, zero warrants remain outstanding in Vicinity.
“We are pleased to have received $7.5 million in proceeds from these warrant exercises, further fortifying our balance sheet,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “This stands as a testament to the value our shareholders see in our future prospects, and we would like to thank them for their ongoing support. We look forward to continued operational execution in the months ahead as we march towards a near-term targeted Nasdaq uplisting.”
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.
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: $200 MCAD Stock price at time of publication: $6,70 CAD ( reverse split price 2,23 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 , today released specifications for the new VMC 1200, a fully electric Class 3 medium-duty commercial truck.
Powered by a cutting edge 150 kWh Li-Ion battery and an electrical powertrain that provides up to 150 kWh of power and 800 Ft Lbs. of torque, the VMC 1200 has a 6,000-pound load capacity and an expected range up to 150 miles on a single charge. The medium duty electric truck leverages Vicinity’s proven EV experience in a popular cab-over design at an attractive price, making it well suited for urban environments and construction or delivery applications.
Standard features include driver conveniences including a high-back comfort seat, keyless entry, air conditioning, power windows and door locks, 3-person seating and the ability to use the battery for on-site power, eliminating the need to transport large, noisy generators. The vehicle is capable of fully charging from a level 3 EV fast charger in 2.5 hours and from a standard level 2 charger in as little as 5 hours. For a complete list of specifications, please visit the Company’s website at https://vicinitymotorcorp.com/images/VMC1200SpecificationsFlyer.pdf.
The all-new Vicinity 1200 Fully Electric Class 3 Truck
“With our final design specifications in place, the VMC 1200 can now be ordered by our robust network of existing dealerships throughout North America,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “Production of the vehicles is underway and commercial deliveries are scheduled to commence in the first quarter of 2022. Our sales team is already introducing the demonstration VMC 1200 model to our dealer network and are very pleased to see very strong interest in it.”
“Due to expected heavy order flow for the VMC 1200, we have planned production levels of up to 1,000 units in 2022. We look forward to building a strong source of supplemental growth through this zero-emission line of medium duty trucks to complement our full line of Vicinity Lightning™ and Classic buses.”
Meanwhile Vicinity Motors is valued still at only 200 MCAD and we estimate that revenues for 2021 will be landing between 50-75 MCAD and for 2022 with this new product launch we estimate between 100-200 MCAD in revenues depending on production capacity. These projections indicate an EV/Sales multiple between 2,5-4 for 2021 and 1-2 for 2022. It’s fair to say that Vicinity Motors , which are growing at triple digit speed is undervalued compared to other electric vehicle producers.
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.
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: $6,93 CAD ( reverse split price 2,31 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/
Per the terms of the supply agreement, Le Groupe Transbus has ordered three of the Company’s 30-foot Clean-Diesel Vicinity™ Classic buses. The Vicinity buses are in service with Canadian public transit agency EXO, serving the city of Varennes, a suburb of Montreal. Transbus currently owns and operates nine Vicinity™ Classic buses, with this order bringing the total to 12 in its fleet.
CEO William Trainer gave a comment to the latest order: “Our Vicinity™ Classic buses continue to prove their market leadership and flagship status with Canadian transit authorities as we attract recurring orders from our large base of satisfied, long-term customers,” said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. “We look forward to growing alongside our North American transit partners as they deploy an increasingly large fleet of our buses and eventually transition to an EV-oriented fleet. Vicinity’s recent contract award with Calgary Transit is the first significant competitive tender in Canada for mid-size electric buses. The Vicinity Lightning™ product is already showing to be an early leader in the EV transit market space and is ready for this transition.”
ESG comment: Vicinity Motors continues to deliver orders and maximizing shareholder value. This time its for their Clean Diesel model. The company has been very active with press releases lately and we are looking forward with much anticipation for the long awaited NASDAQ uplisting of which there should be news of soon !
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.
