NetworkNewsBreaks – Net Element Inc. (NASDAQ: NE
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Posted On: 08/03/2021 5:29:20 PM
NetworkNewsBreaks – Net Element Inc. (NASDAQ: NETE) Post-Merger Company Notes $60M LOA with Height Dispensary for 1,200 Mullen Vans
Net Element’s (NASDAQ: NETE) post-merger company, Mullen Technologies Inc., has entered into a letter of agreement with Height Dispensary LTD to purchase 1,200 Mullen ONE electric vans, an agreement worth an estimated $60 millon; the LOA also noted that Height has selected Mullen as its exclusive provider for electric vehicles (“EVs”). Net Element is a financial technology company in the process of becoming a pure-play electric vehicle manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., an emerging electric vehicle manufacturer. Texas-based Heights specializes in high-quality legal CBD and THC products online with plans to open a retail cannabis dispensary. The first 200 Mullen ONE vans are slated for delivery on or before the end of Q3 2023, with the additional 1,000 vehicles purchased by Q2 2025. The Mullen ONE EV Cargo Van vehicles are a modified version of the Mullen FIVE, an electric crossover SUV based on a skateboard EV platform and unibody frame. “We’re very excited that Heights Dispensary has selected Mullen to satisfy all its electric vehicle needs,” said Mullen Technologies CEO and chairman David Michery in the press release. “The Heights order is the second, among many other companies we are currently working on, to select Mullen as their EV provider. The FIVE skateboard platform allows us to configure and offer the vehicle for many different types of commercial trade uses.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Net Element’s (NASDAQ: NETE) post-merger company, Mullen Technologies Inc., has entered into a letter of agreement with Height Dispensary LTD to purchase 1,200 Mullen ONE electric vans, an agreement worth an estimated $60 millon; the LOA also noted that Height has selected Mullen as its exclusive provider for electric vehicles (“EVs”). Net Element is a financial technology company in the process of becoming a pure-play electric vehicle manufacturer through a pending definitive agreement with privately held Mullen Automotive Inc., an emerging electric vehicle manufacturer. Texas-based Heights specializes in high-quality legal CBD and THC products online with plans to open a retail cannabis dispensary. The first 200 Mullen ONE vans are slated for delivery on or before the end of Q3 2023, with the additional 1,000 vehicles purchased by Q2 2025. The Mullen ONE EV Cargo Van vehicles are a modified version of the Mullen FIVE, an electric crossover SUV based on a skateboard EV platform and unibody frame. “We’re very excited that Heights Dispensary has selected Mullen to satisfy all its electric vehicle needs,” said Mullen Technologies CEO and chairman David Michery in the press release. “The Heights order is the second, among many other companies we are currently working on, to select Mullen as their EV provider. The FIVE skateboard platform allows us to configure and offer the vehicle for many different types of commercial trade uses.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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