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GWTNF - GWTNF STOCK NEWS

Welcome to our dedicated page for GWTNF news (Ticker: GWTNF), a resource for investors and traders seeking the latest updates and insights on GWTNF stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GWTNF's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GWTNF's position in the market.

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Grande West Transportation Group has engaged Digital Offering, LLC as its financial advisor to explore opportunities in the U.S. Capital Markets. This partnership aims to increase investor awareness and potentially list shares on a higher exchange, such as NASDAQ or NYSE. The company anticipates that this move, alongside the launch of its Vicinity LightningTM vehicle, will enhance stock liquidity and broaden its institutional shareholder base. An initial fee of US$25,000 and potential additional payments are part of the engagement.

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Grande West Transportation Group has secured an order for 5 Vicinity LightningTM Electric Vehicles from its U.S. distribution channel, set for delivery in Q3 2021. This is part of a larger production plan for 20 buses aimed at addressing increasing demand for zero-emission transit solutions in North America. CEO William Trainer forecasts potential annual sales exceeding 1000 units, with a production target of 200 Lightning buses in 2021. The company emphasizes the environmental benefits and versatility of the Vicinity LightningTM, aiming to improve transportation efficiency while supporting sustainability.

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Grande West Transportation Group (OTCQX:GWTNF) will present at the 13th annual LD Micro Main Event on December 14 at 9:20 AM PST. CEO William Trainer will address a virtual audience in a new format featuring 10-minute presentations followed by Q&A sessions. This event aims to enhance engagement between executives and investors. Grande West specializes in manufacturing mid-sized transit vehicles and is compliant with Buy America certification. For more details, visit this link.

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Grande West Transportation Group (OTCQX:GWTNF) has launched the Vicinity LightningTM Electric Vehicle, its first electric bus, now available for sale in Canada and the U.S. This model aims to support the transition to zero-emission transport by providing a cost-effective alternative to diesel vehicles. The design allows for compatibility with existing transit facilities, minimizing infrastructure costs. The sales team is actively introducing the vehicle to potential clients. The company is compliant with Buy America certification, enhancing its market opportunities.

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Grande West Transportation Group reported strong financial results for Q3 2020. Revenue surged to $8,921,227, up from $1,605,755 in Q3 2019. The net loss decreased to $1,309,076 compared to $2,111,189 a year earlier. Adjusted EBITDA loss improved to $674,988 from $1,768,084. The company delivered 20 Vicinity buses, a significant increase from none in the same quarter last year. Grande West is expanding product lines, including an electric bus with technology partners. Despite COVID-19 challenges, the outlook for growth remains positive.

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Grande West Transportation Group has successfully closed the second tranche of its non-brokered private placement, raising an additional $843,000, bringing the total to $8,659,118. Each of the 843,000 Units consists of one common share and one-half share purchase warrant, allowing holders to acquire additional shares at $1.50 each for two years. Proceeds will support the purchase of a U.S. facility, product development, and working capital. The securities are subject to a regulatory hold until March 21, 2021.

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Grande West Transportation Group (OTCQX:GWTNF) announced an order exceeding $5 million from Keolis Canada for thirteen Vicinity clean diesel buses. These buses will service the L'Assomption sector, including areas around Montreal, with deliveries set for 2021. CEO William Trainer emphasized the company’s strong history in Quebec and the upcoming introduction of the new Vicinity EV model. Grande West focuses on manufacturing multi-purpose transit vehicles and is compliant with Buy America certification, actively seeking growth in both Canadian and U.S. markets.

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Grande West Transportation Group has successfully closed the first tranche of its $8M non-brokered private placement, raising $7,816,118 through the sale of 7,816,118 Units. Each Unit consists of one common share and one-half share purchase warrant, allowing holders to acquire additional shares at $1.50 each for two years. Proceeds will support the purchase of a U.S. operations facility, product development, and working capital. The securities are subject to a regulatory hold until March 18, 2021.

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Grande West Transportation Group is set to release its 2020 third quarter financial results on November 23, 2020, after market close. A conference call will be held on November 24 at 11:00 AM EST for detailed financial insights and updates, including the delivery of over 90 Vicinity buses to the U.S. and specifications for the new Vicinity LT electric vehicle. Grande West manufactures mid-sized transit vehicles compliant with Buy America certification, targeting both public and private transit fleets.

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Grande West Transportation Group (OTCQX:GWTNF) announced its participation in the CUTA 2020 Virtual Conference from November 16-19. The event aims to connect the transit industry virtually amid current challenges. Grande West will showcase its Vicinity models, including a new medium-duty gas and full electric EV version on November 17. Senior Advisor Michael Roschlau expressed enthusiasm about the interest in the new models and emphasized the company's commitment to innovative transit solutions.

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