Taiga Motors Inc. announced plans to build a mass-production assembly facility in the City of Shawinigan, Québec. The first phase of construction, scheduled for completion in 2022, represents an investment to accelerate the mass-production of Taiga electric snowmobiles and personal watercrafts, as well as Taiga's side-by-side vehicles, which are expected to be ready for production in 2022. This facility dedicated to the mass-production of electric powersports vehicles, is designed from a clean sheet to support Taiga's manufacturing processes through its modular vehicle platforms for optimized production output. Snowmobile and personal watercraft production is expected to begin immediately following build completion. The facility is expected to increase Taiga's production capacity to 80,000 units by 2025. Taiga's initial production acceleration is well underway in Taiga's current Montréal Research & Development facility, which is expected to ramp-up production capacity to 2,000 vehicles per year by the end of 2021. The second phase of increasing Taiga's production capacity includes the building of the Shawinigan facility, beginning at a 200,000 sq. ft. capacity and later increasing to 340,000 sq. ft. Taiga intends to begin construction in the second quarter of 2021, following its listing on the Toronto Stock Exchange in connection with its proposed merger with Canaccord Genuity Growth II Corp. The site was chosen because Québec is already a electric technology hub and the site secures positioning in a primary location for innovation in the electric-vehicle space. As a location for a mass-production facility, Shawinigan provides multiple advantages with strong logistical infrastructure and a talent pool for future growth. As Shawinigan is an established technology hub, it will accelerate Taiga's vision for a vertically integrated local supply chain.