Vision Marine Technologies Streamlines Operations Through Real Estate Sale

Vision Marine Technologies Inc. (NASDAQ:VMAR) has announced the sale of a Nautical Ventures dealership property in North Palm Beach, Florida. This move is set to consolidate operations into a nearby water sports showroom, aiming to enhance efficiency while maintaining customer service in the major Florida boating market.

The transaction, part of Vision Marine's broader operational strategy, resulted in approximately US$2 million in net proceeds after mortgage repayments. This amount has been allocated to reduce the company's floor-plan financing. The consolidation is expected to result in annual savings of up to US$0.8 million, enhancing capital allocation and supporting scalable growth.

Vision Marine's ongoing strategy includes expanding its e-commerce initiatives and its electric division, alongside optimizing Nautical Ventures' retail and service network. The upcoming Fort Lauderdale International Boat Show will showcase these integrated efforts.