YouTube is now one of the best possible resources for information over a wide range of subjects and one of those is stock investing. Over the past few years, plenty of YouTube channels have come into existence and many of those are dedicated to stock investing.
In recent times, RichTV Live has emerged as one of the more reliable ones. The channel publishes videos on a regular basis and analyses one company or the other. It helps investors in getting a much better idea about a company or a sector.
Yesterday, RichTV Live covered the electric vehicle company Grande West Transportation Corp (TSXV:BUS)(OTCQX:BUSXF)(FRA:6LG) and more specifically, a partnership that was signed by the company on Monday. In this regard, it is also necessary to point out that RichTV has looked into the company in the past as well.
Grande West Transportation is one of the best-known suppliers of electric, CNG, and another form of clean energy buses. Yesterday, the company announced that it signed a strategically important distribution agreement for the United States with ABC Companies. It is a significant development for Grande West considering the fact that ABC is considered as one of the leading operators in the transit equipment and motor coach space in North America.
Hence, it was no surprise that the latest news was covered by the RichTV analyst. The company has been showcased by the analyst in the past as well and has often been touted as an electric vehicle stock that investors could consider keeping an eye on.
Grande West is based out of Canada and although it does supply its products to the United States, the company is still looking to expand its presence substantially in the country. To that end, the distribution agreement with ABC Companies is consistent with the company’s plans to expand into the United States.
The latest agreement is going to be focussed on the distribution of the Vicinity brand of midsized buses, electric vehicles, and light-duty models in the United States. In this regard, investors need to note that the Vicinity brand of vehicles are also fully compliant with the Buy America guidelines and hence, that is another factor in favor of Grande West.
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