Benzinga | Nov 1, 2021 03:23PM EDT

Volcon Expands In Latin America With New Distribution Agreements

* Powersports company Volcon Inc (NASDAQ:VLCN) has announced an expansion with distribution agreements for Guatemala, Belize, and Panama.

* Volcon vehicles and accessories will be sold globally in a planned three-phase rollout to include Latin America in 2021, Canada, Europe, and Africa in 2022, Southeast Asia, and Australia in 2023.

* "Electrification is sweeping the globe, and the demand that we've seen from around the world has really been evident in Latin America," said CEO Jordan Davis.

* The Grunt, Volcon's first two-wheeled, fat tire all-electric, off-road motorcycle, is currently shipping to customers worldwide.

* Price Action: VLCN shares are trading lower by 0.47% at $12.38 on the last check Monday.