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Vicinity Motors Corp. (BUSXF) announced it received initial orders for 10 Vicinity Lightning™ EV buses from ABC Companies, a prominent U.S. distribution partner. The 28' low-floor bus is set for delivery in Q3 and Q4 of 2021, supporting zero-emission transit. ABC's partnership expands their vehicle offerings, tapping into the growing demand for electric solutions. The company is ramping up production with 25 more buses underway. This aligns with recent Canadian government investments in zero-emissions transportation worth $2.75 billion over five years.
Grande West Transportation Group (OTCQX: BUSXF) announces it will release its financial results for the fourth quarter and full year ended December 31, 2020, on March 31, 2021, after market close. Management will host a conference call at 4:30 p.m. Eastern time on the same day to discuss the results and provide an update. Participants can join using the U.S./Canada dial-in number 1-855-327-6837. A playback will be available until April 30, 2021. Grande West is a leading supplier of electric and clean diesel buses in North America.
Grande West Transportation Group (OTCQX:BUSXF) announced that its share consolidation will take effect on March 29, 2021. This consolidation involves a ratio of one new share for every three existing shares, reducing the total outstanding shares from approximately 87.87 million to around 29.29 million. The company's trading symbol will change to VMC post-consolidation. Additionally, no fractional shares will be issued, and adjustments will be made to any outstanding warrants or stock options. Shareholders should follow instructions for exchanging their share certificates accordingly.
Grande West Transportation Group (OTCQX:BUSXF) announced a new order for 17 Vicinity Compressed Natural Gas (CNG) buses valued at over $5 million, with delivery expected in Q4 2021. This order reflects the growing demand for clean energy alternatives in public transport, driven by government regulations targeting emissions reductions. CEO William Trainer highlighted the company’s focus on zero emission electric vehicles, noting strong interest in the Vicinity Lightning EV bus as the sector transitions towards sustainability.
Grande West Transportation Group (OTCQX:BUSXF) will present at the Q1 Virtual Investor Summit on March 24, 2021, at 1:30 p.m. Eastern time. William Trainer, President and CEO, will host one-on-one meetings with institutional investors during the event. Grande West, a leading supplier of clean transit buses, has a strong presence in both public and commercial sectors in North America. Their innovative Vicinity Lightning™ EV bus, supported by a strategic partnership with BMW, aims to enhance sustainable transportation. Registration for the summit is mandatory.
Grande West Transportation Group expects to generate over $25 million in revenues for Q1 2021, driven by the delivery of over 50 Vicinity™ buses. Anticipating continued momentum, the company plans to deliver another 50+ buses in Q2. The first order for the Vicinity Lightning™ EV has been received, with 25 units in production. Operational enhancements include the appointment of a new COO and plans to build a manufacturing facility in Washington, expected to produce up to 3,000 units annually. A special shareholder meeting on March 24, 2021, will discuss preparations for a potential Nasdaq listing.
Grande West Transportation Group (TSXV:BUS)(OTCQX:BUSXF) has appointed Manuel Achadinha as the new Chief Operating Officer, succeeding Jonathan Leskewich. With over 25 years in the transportation sector, Achadinha previously served as President and CEO of BC Transit, where he oversaw a revenue growth to over $261 million and a ridership increase to 51 million passengers. His appointment aims to enhance company growth, focusing on expanding the market dealer network and scaling production. Additionally, 300,000 stock options were granted to Achadinha at an exercise price of $2.40, vesting over three years.
Grande West Transportation Group (OTCQX:BUSXF) announced its participation in the B. Riley Securities Sustainable Energy & Technology Conference on March 9, 2021. CEO William Trainer will engage in a fireside chat and hold one-on-one meetings with institutional investors. The event will start at 3:00 p.m. Eastern time, and registration is mandatory. Grande West specializes in electric, CNG, gas, and clean diesel buses, notably their Vicinity™ buses, known for leading the Canadian market.
Grande West Transportation Group Inc. (OTCQX:BUSXF) has been ranked first in the Diversified Industries category on the TSX Venture 50, a recognition highlighting 50 promising companies on the TSX Venture Exchange. The ranking evaluates companies based on market capitalization growth, revenue growth, and trading volume. CEO William Trainer emphasized the importance of this achievement as a reflection of their commitment to shareholder value and innovative technologies. Grande West continues to lead in electric and clean transportation solutions, including its Vicinity Lightning EV bus.
Grande West Transportation Group has announced a significant shift in its corporate identity, changing its name to Vicinity Motor Corp to emphasize its focus on next-generation electric bus commercialization. Concurrently, the company seeks shareholder approval for a share consolidation on March 24, 2021, aiming to meet NASDAQ uplisting requirements. Currently, 86,507,263 shares will be consolidated into approximately 28,835,754 shares. The CEO expressed optimism about improved liquidity and expanded investor access through the NASDAQ listing, positioning the company for a pivotal year.
