Vision Marine secures strategic flagship marina to anchor long-term growth plan

Vision Marine secures strategic flagship marina to anchor long-term growth plan © Vision Marine Technologies

Vision Marine Technologies Inc. (NASDAQ: VMAR) ("Vision Marine" or the "Company") today announced that its Nautical Ventures division has entered into a commercial lease and purchase option agreement for the marina property that it currently leases at 4470 Ravenswood Road in Dania Beach, Florida, known as the Anglers Avenue Marine Center. This location secures a strategic waterfront asset in Fort Lauderdale, a central point of consumer activity in the region.

Historically used to support Nautical Ventures' boat sales, the marina generated approximately US$3.2 million in 2024 through limited storage and service activity. Under Vision Marine's operating plan to expand the marina in phases, the Company intends to expand the site from roughly 109 active slips to a combined wet-and-dry-slip capacity approaching 300 vessels. Based on the Company's projections, this supports multi-million-dollar recurring storage revenue annually. Expanded dealership-level service operations is part of our growth plan, driven by maintenance, repairs, and long-term customer programs at an enhanced Service & Parts Center. The Company envisions the marina serving as a regional hub for E-Motion™ electric-boat integrations, which typically account for 3% to 5% of Nautical Ventures' annual sales, with a next-generation on-water showroom. This flagship facility reinforces Vision Marine's dual-pillar strategy, combining its high-voltage electric propulsion platform with a strengthened retail and service infrastructure.

"Securing a multi-year lease and purchase option for the marina is a pivotal step toward building a truly vertically integrated marine dealership business with expanded services," said Alexandre Mongeon, Co-Founder and CEO of Vision Marine. "By elevating our service capacity at this prime location, we will be able to offer customers a more modern, automotive-style retail and service experience."

The agreement and lease provide Vision Marine with the ability to acquire the property in the future through a contractual purchase option and includes a Right of First Refusal should a third-party offer arise.

Located 3.3 miles from (FLL) Fort Lauderdale-Hollywood International Airport with direct access to over 300 miles of inland waterways, the Anglers Avenue site offers exceptional visibility and access for regional and international boaters. The marina's configuration, with 109 slips and a 10-acre footprint, supports significant operational consolidation, improving efficiency across service, rigging, parts, storage, logistics, and customer demonstrations, while incorporating solar-ready infrastructure and modern dock upgrades.