Vision Marine Secures Lease for Florida Marina, Projected Multi-Million Annual Revenue

Written by Emily J. Thompson, Senior Investment Analyst

VMAR.O-16.49%

Source: PRnewswire

Updated: 1 hour ago

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Source: PRnewswire

Strategic Asset Acquisition: Vision Marine has signed a commercial lease and purchase option agreement for the Anglers Avenue Marine Center in Dania Beach, Florida, securing a key waterfront asset that is projected to generate multi-million-dollar annual storage revenue for the company.
Expansion Plans: The company intends to expand the marina's active slip capacity from approximately 109 to nearly 300, enhancing service capabilities and customer experience, which will drive long-term customer relationships and sales growth.
Service Capacity Enhancement: The new facility will include an enhanced Service & Parts Center to support maintenance and repair operations, which is expected to increase Nautical Ventures' electric boat sales share, further solidifying its market position.
Regional Hub Development: The marina will serve as a regional hub for E-Motion™ electric boat integrations, combining modern retail and service infrastructure to enhance the company's competitiveness in the rapidly growing electric boating market.

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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.