Vision Marine Secures Lease for Anglers Avenue Marina, Projecting Multi-Million Dollar Annual Revenue

Written by Emily J. Thompson, Senior Investment Analyst

VMAR.O-16.49%

Source: Newsfilter

Updated: 55 minutes ago

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Source: Newsfilter

Strategic Asset Acquisition: Vision Marine has secured a commercial lease and purchase option for the Anglers Avenue Marine Center in Dania Beach, Florida, which is expected to generate multi-million dollar annual revenue for the company.
Expansion Plans: The company intends to expand the marina's active slip capacity from approximately 109 to nearly 300, significantly enhancing storage capabilities and driving recurring revenue growth while strengthening market competitiveness.
Service Capacity Enhancement: By enhancing its Service & Parts Center, Vision Marine will expand dealership-level service operations to meet customer demands for maintenance and repairs, further improving customer experience and loyalty.
Regional Hub Development: The new marina will serve as a regional hub for E-Motion™ electric boat integrations, projected to account for 3% to 5% of Nautical Ventures' annual sales, while attracting more customers through a modern retail and service experience.

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About VMAR

Vision Marine Technologies Inc. is a Canada-based company which is engaged in the business of manufacture, sale, and rental of electric boats, as well as the design and commercialization of electric propulsion systems. The Company operates two segments: Vision Marine Segment and (Nautical Ventures ) NVG Segment. Through its two pillars: high-voltage electric propulsion technology and the Nautical Ventures multi-brand retail and service network delivers a scalable marine platform built for consumer experience and long-term growth. The Company’s flagship E-Motion 180E powertrain is a purpose-built, high-voltage electric marine propulsion system powering vessels such as the V30 180 HP Electric Pontoon. Its Vision Marine Segment includes design and manufacture of electric boats, sales of electric boats, motors, and related parts and others. Its NVG Segment includes retail dealerships for recreational boats, engines, tenders, and marine products and others.

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Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.