{"id":1970,"date":"2021-04-29T21:53:07","date_gmt":"2021-04-29T20:53:07","guid":{"rendered":"https:\/\/esgfireat40.frontender.se\/uncategorized\/aenean-lobortis-sapien-enim-viverra-molestie-cursus-3\/"},"modified":"2022-01-25T09:55:31","modified_gmt":"2022-01-25T08:55:31","slug":"vicinity-motors-corp-receives-new-order-worth-1-6-million","status":"publish","type":"post","link":"https:\/\/esgfire.com\/en\/vicinity-motor-corp\/vicinity-motors-corp-receives-new-order-worth-1-6-million\/","title":{"rendered":"Vicinity motors corp receives new order worth $1.6 million"},"content":{"rendered":"

Company: Vicinity Motor Corp(formerly Grande West Transportation )
\nListings :TSXV<\/a>\u00a0,\u00a0US OTC<\/a>\u00a0SOON to be up listed at Nasdaq<\/a>
\nTicker: VMC.V (previously\u00a0BUS<\/a>\u00a0,)\u00a0<\/strong>BUSXF<\/a>\u00a0at US OTC
\nMarket cap at time of publication: $210 MCAD
\nStock price at time of publication: $7,18 CAD ( reverse split price 2,39 CAD)
\nBusiness: Leading supplier of electric, CNG, gas and clean-diesel buses for
\nboth public and commercial enterprise use in the U.S and Canada
\nComparable peer :\u00a0Greenpower Motor\u00a0<\/a>, Market cap $500 MCAD
\nWebsite:\u00a0https:\/\/www.grandewest.com\/<\/a><\/p>\n

 <\/p>\n

Vicinity Motors Corp announced yet another order today\u00a0<\/a>, 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.<\/p>\n

The company issued the following statement following the order:<\/p>\n

\u201cWe 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,\u201d said William Trainer, Founder and Chief Executive Officer of Vicinity Motor Corp. \u201cOur 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.\u201d
\n
\nESG comment:<\/strong>\u00a0Vicinity 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.\u00a0In our previous blogpost about Vicinity Motors Corp on the 27th of april<\/a>\u00a0we 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.<\/p>\n

Legal Disclaimer:<\/strong><\/p>\n

I own shares of this company personally.<\/strong><\/p>\n

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.<\/strong><\/p>\n

Companies may or may not be paying me for content posted on this blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

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