makinezmoney
3 years ago
$VEV: Theres the corporate UPDATe.... now $5.90
$140Milly in Revs Expected in 2022 ??????????
https://vicinitymotorcorp.com/
GO $VEV
Vicinity Motor Corp. Provides Corporate Update and 2022 Financial Guidance
Company Expects FY 2022 Revenues of over $140 Million Driven by Strong North American Sales Momentum
VANCOUVER, BC / ACCESSWIRE/ October 12, 2021 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) ("Vicinity Motor" or
the "Company"), a leading North American supplier of commercialelectric vehicles, today provided a corporate update and financial guidance for
2022.
Through the year ending December 31, 2022, Vicinity Motor expects to complete deliveries of over 95 Vicinity™ Classic buses, 75 Vicinity
Lightning™ EV buses and chassis, 200 VMC 1200 EV trucks, and 300 Vicinity Optimal EVs to drive year end revenues of over $140 million. FY
2022 Adjusted EBITDA is expected to be over $10 million with significant potential upside.
The Company expects to deliver over 130 Vicinity™ Classic buses during 2021. Consistent with other manufacturing and transportation
companies, Vicinity Motor continues to experience temporary delays from some suppliers and shipping companies which has delayed over 20
buses now expected to be delivered in 2022 rather than 2021.
"Ongoing sales activities across our vehicle lines have positioned us for a strong 2022," said William Trainer, Chief Executive Officer of Vicinity
Motor Corp. "Based on our existing backlog and large pipeline, we expect a strong cadence of sales growth into 2022 with additional near-term
customer orders. To support this significant demand, our Washington State assembly facility is expected to begin operations by mid-2022 -
beginning the ramp of U.S.-made vehicles.
"Our recent exclusive reseller agreement with Optimal EV, and collaboration agreement with the JB Poindexter business unit, EAVX, willalso begin
to drive revenue growth in the new year. We look forward to continuing to deliver record-breaking financial results and sales of both our classic
and new lines of breakthrough electric buses and trucks. I have never been more confident about the future and potential for long-term shareholder
value creation at Vicinity Motor Corp.,"concluded Mr. Trainer.
About Vicinity Motor Corp.
Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC)(FRA:6LGA) is a leading North American supplier of electric vehicles for both public and
commercialenterprise use. The Company leverages a continent-wide dealer network and close relationships with world-class manufacturing
partners to supply its market-leading flagship electric, CNG and clean-diesel Vicinity™ buses, the VMC 1200 electric truck and a Vicinity OptimalEV shuttle bus. In addition, the Company sells its proprietary electric chassis to J.B. Poindexter subsidiary EAVX, the Company's strategic partner,
for upfitting into next-generation delivery vehicles. For more information, please visit www.vicinitymotorcorp.com.
Company Contact:
John LaGourgue
VP Corporate Development
604-288-8043
IR@vicinitymotor.com
Investor Relations Contact:
Lucas Zimmerman or Mark Schwalenberg, CFA
MZ Group - MZ North America
949-259-4987
VMC@mzgroup.us
www.mzgroup.us
barnyarddog
3 years ago
Price History
Date
Open Day Low Day High Close Volume
2/1/2021 2.42 2.42 2.54 2.50 ....138,983
1/29/2021 2.47 2.38 2.64 2.46 ....369,934
1/28/2021 2.51 2.24 2.51 2.38 ....651,174
1/27/2021 2.71 2.52 2.76 2.52 ....657,447
1/26/2021 2.78 2.47 2.92 2.85 ....1,162,179
1/25/2021 3.23 2.63 3.26 2.83 ....2,219,351
1/22/2021 3.36 3.12 3.44 3.29 ....723,684
1/21/2021 3.42 3.20 3.64 3.41 ....1,699,134
1/20/2021 2.80 2.77 3.25 3.24 ....893,528
1/19/2021 2.81 2.50 2.81 2.75 ....1,248,550
1/15/2021 2.72 2.39 2.72 2.47 ....882,585
1/14/2021 2.80 2.35 2.92 2.61 ....2,104,189
1/13/2021 2.59 2.47 2.74 2.70 ....1,607,081
1/12/2021 2.06 1.93 2.36 2.35 ....1,993,908
1/11/2021 1.70 1.60 2.05 1.96 ....2,376,919
1/8/2021 1.55 1.43 1.58 1.58 ....723
1/7/2021 1.52 1.48 1.56 1.51 ....312,916
MOVING ON LITTLE VOLUME 50.00 NASDAQ IN FUTURE??
SilverKnightLV
3 years ago
Not a Penny Stock.
I told an investment friend that I was going to sell all my SBE warrants (I'll get back in after the PIPE and current shareholder lockup 6 months after merger) and take 1/3rd and go into BUSXF.
He said "It's a penny stock," only because it's OTC. I just said, well, if you think that, then don't put your money in it. Or do some DD and then see what you think.
Haven't filled the entire order yet, but over half way there.
Tyrus603
3 years ago
Looks like $5+ stock easy
This is an electric vehicle company that is on a roll and in the process of being discovered by the broader market, as today's volume indicates. I like that they have vehicles on the road, big orders for more and only 80 million shares.
Grande West Provides Update on Current Vicinity(TM) Deliveries
7:01 am ET January 4, 2021 (Accesswire) Print
VANCOUVER, BC / ACCESSWIRE / January 4, 2021 / Grande West Transportation Group Inc. (TSXV:BUS)(OTCQX:BUSXF)(FRA:6LG) ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is reporting on the current deliveries in the fourth quarter of 2020 and early first quarter of 2021.
In the third quarter Management Discussion and Analysis, the Company promised to provide a corporate update on expected deliveries. As previously disclosed, the Company has orders to deliver over $40 million before the second half of 2021. This is a very positive step towards regaining profitability and increased liquidity after the negative results of the pandemic.
The Company has started delivery of a large order of over 90 buses. The original target, set in the Summer of 2020, was to deliver these buses before year end. Approximately 75% of these buses are in the process of being delivered, but the vast majority will be delivered in the first quarter of 2021 due to COVID related slowdowns at the manufacturing plant and difficulties securing transportation for the buses. The remaining 25% of this order will also be delivered during the first quarter of 2021. All other orders expected for delivery before the second half of 2021 are on track.
The Company is also expecting the first electric buses, the Vicinity LightningT, to be completed and ready to promote to customers in early 2021. Our first delivery to customers for EV buses is scheduled for 2021.
William Trainer, President and CEO, stated, "This is an exciting time to be a part of Grande West. We have created products built for communities with the impact on customers and the environment, first and foremost. Our Company is positioned well for the next stage in growth. We are refocusing our efforts in the U.S. by building a new manufacturing plant and increasing our market exposure, where possible, through new and existing networks. The prospects for Grande West have never been better."
The Company also announces that certain Eligible Directors have requested that their respective director's remuneration for the calendar year 2020 be paid in Deferred Share Units ("DSUs") and accordingly, the Company has granted 14,404 DSUs in connection with Directors Remuneration for Q4.
Additionally, the Company advises that it has come to its attention that it inadvertently did not press release the DSUs initially granted under its DSU Plan in 2019. Accordingly, the Company advises that during 2019, it had issued 108,403 DSUs to its Eligible Directors who had elected to receive their respective directors' remuneration for 2019 in DSUs. These DSUs were reported in the quarterly financial statements filed on SEDAR.
About Grande West Transportation Group
Grande West Transportation is a Canadian company that designs and engineers mid-size multi-purpose transit vehicles for public and commercial enterprises. Grande West utilizes world-class manufacturing partners to produce the Purpose-Built VicinityT medium and heavy-duty buses available in electric, CNG, gas and clean diesel drive systems. The Vicinity LightningT EV with an electric propulsion drive system is available for 2021 deliveries.
The Company has been successful in supplying Canadian municipal transportation agencies and private operators with new buses. Grande West is compliant to Buy America certification, and with a strong distribution chain in the U.S., is actively pursuing opportunities in public and private transit fleet operations that would benefit from Grande West's vehicles.
www.grandewest.com
www.vicinitybus.com
whytestocks
3 years ago
NEWS: $GWTNF Grande West Closes Final Tranche of $843,000 for Total Oversubscribed Raise of $8,659,118
VANCOUVER, BC / ACCESSWIRE / November 20, 2020 / Grande West Transportation Group Inc. (TSXV:BUS)(OTCQX:GWTNF)(FRA:6LG) - November 20, 2020: ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pl...
Read the whole news GWTNF - Grande West Closes Final Tranche of $843,000 for Total Oversubscribed Raise of $8,659,118
whytestocks
3 years ago
NEWS: $GWTNF Grande West Receives $5,000,000 Vicinity(TM) Order
VANCOUVER, BC / ACCESSWIRE / November 20, 2020 / Grande West Transportation Group Inc. (TSXV:BUS) (OTCQX:GWTNF) (FRA:6LG) - November 19, 2020: ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pl...
Got this from GWTNF - Grande West Receives $5,000,000 Vicinity(TM) Order
whytestocks
4 years ago
NEWS: $GWTNF Grande West Renews RBC $20,000,000 Credit Facility
VANCOUVER, BC / ACCESSWIRE / October 26, 2020 / Grande West Transportation Group Inc. (TSXV:BUS)(OTC PINK:GWTNF)(FRA:6LG) ("Grande West" or the "Company"), a Canadian manufacturer of mid-sized multi-purpose transit vehicles for sale in Canada and the United States, is pleased to announce tha...
Read the whole news GWTNF - Grande West Renews RBC $20,000,000 Credit Facility
stocktrademan
7 years ago
GWTNF bullish 1.134
Grande West is a Canadian manufacturer which designs, engineers and builds Vicinity buses. With little competition in the “mid-size” bus range, Grande West has set itself apart from others with the Vicinity bus – a heavy duty mid-size, true community transit bus now in operation in many municipalities across Canada.
The Vicinity was born from a need expressed by transit systems looking for a durable, reliable, customer oriented mid-size vehicle at a reasonable price point. Grande West responded by designing a vehicle with affordability, accessibility and global responsibility in mind. The Vicinity costs significantly less than a 40' bus and is considerably more durable than cut-away buses which are based on a truck chassis.
In a large and unsaturated market segment, Grande West is poised to capture sales growth from both the replacement of cut-away buses and the need for transit fleet to find the appropriate balance of vehicle sizes across Canada and the United States.
http://www.grandewest.com/
normal chart
log chart