Vision Marine Secures Strategic Flagship Marina to Anchor Long-Term Growth Plan

Vision Marine (NASDAQ: VMAR) announced Nautical Ventures secured a commercial lease with a contractual purchase option and Right of First Refusal for the Anglers Avenue Marine Center at 4470 Ravenswood Road, Dania Beach, Florida, on December 9, 2025.

Rhea-AI Summary

Vision Marine (NASDAQ: VMAR) announced Nautical Ventures secured a commercial lease with a contractual purchase option and Right of First Refusal for the Anglers Avenue Marine Center at 4470 Ravenswood Road, Dania Beach, Florida, on December 9, 2025.

The marina generated approximately US$3.2 million in 2024 from storage and service. Vision Marine plans phased expansion from 109 slips to ~300 wet-and-dry slips, expanded dealership-level service, an enhanced Service & Parts Center, solar-ready infrastructure, and an on-water showroom for E-Motion electric-boat integrations.

Positive

• US$3.2M revenue from marina storage/service in 2024
• Planned slip expansion from 109 to ~300 increases storage capacity
• Contractual purchase option plus Right of First Refusal secures future acquisition ability
• Service & Parts Center expansion targets recurring maintenance revenue

Negative

• None.

Argus Dec 9 session

-20.37% close to close Open Argus

Details

News Market Reaction – VMAR

On Dec 9, the day this news came out, VMAR closed 20.37% below the previous close.

Data tracked by StockTitan Argus for the Dec 9 session.

Market Context

On Dec 9, the day this news came out, the stock closed 20.4% below the previous close. A negative re...

Analysis

On Dec 9, the day this news came out, the stock closed 20.4% below the previous close. A negative reaction despite growth-focused news fits a pattern where financing history and prior risk disclosures weigh on sentiment. While the marina agreement added a scalable hub for up to 300 vessels and supported recurring revenue plans, investors may have focused on earlier filings citing net losses and going-concern risk. Past events often saw positive responses, so a sharp drop could have reflected skepticism about execution or balance sheet strength rather than the asset itself.

Key Figures

Marina revenue 2024: US$3.2 million Current slips: 109 slips Target capacity: 300 vessels +5 more

Marina revenue 2024

US$3.2 million

Limited storage and service activity in 2024

Current slips

109 slips

Existing active marina slips before expansion

Target capacity

300 vessels

Planned combined wet-and-dry-slip capacity post-expansion

E-Motion sales mix

3%–5%

Typical share of Nautical Ventures’ annual sales from E-Motion integrations

Distance to FLL

3.3 miles

Proximity of marina to Fort Lauderdale-Hollywood International Airport

Waterways access

300 miles

Direct access to inland waterways from Anglers Avenue site

Marina footprint

10 acres

Size of the Anglers Avenue marina property

Multi-year lease

Multi-year term

Commercial lease with purchase option for Anglers Avenue marina

Historical Context

5 past events · Latest: Nov 28

5 events

1. Nov 28

   Earnings & acquisition

   24h Move

   +0.0%

   Reported FY 2025 results, Nautical Ventures revenue and floor-plan reduction progress.

2. Nov 18

   Sales update

   24h Move

   +1.6%

   Announced 40% YoY FLIBS sales lift and stronger marketing-driven demand.

3. Nov 12

   Integration update

   24h Move

   +15.2%

   Detailed 166 boats sold, inventory reduction, and cost savings post-acquisition.

4. Nov 11

   Sponsorship win

   24h Move

   -1.5%

   Nautical Ventures–backed team won Super Stock Offshore World Championship.

5. Nov 05

   Partnership news

   24h Move

   +2.2%

   Announced collaboration with BRP Electrification Engineering Services for propulsion growth.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

purchase option, right of first refusal, solar-ready infrastructure

3 terms

purchase option financial

"entered into a commercial lease and purchase option agreement for the marina property"

A purchase option is a contractual right that lets one party buy an asset, property, or securities at a pre‑agreed price during a specified period. For investors it matters because it provides the chance to lock in the right to acquire something later without committing now—like reserving the option to buy a house at today’s price—so you can benefit if value rises while limiting immediate exposure.

right of first refusal financial

"and includes a Right of First Refusal should a third-party offer arise"

A right of first refusal gives an existing shareholder or party the chance to buy an asset or shares before the owner can sell them to someone else. Think of it like being offered the first option to buy a house when the owner decides to sell; it matters to investors because it can limit who can acquire a stake, slow or block transactions, and affect the price and liquidity of an investment by restricting open-market sales or new buyers.

solar-ready infrastructure technical

"while incorporating solar-ready infrastructure and modern dock upgrades"

Solar-ready infrastructure describes buildings, sites or systems that have been prepared so solar panels and related equipment can be added quickly and cheaply — for example, reinforced roofs, pre-installed conduits, clear roof space, electrical hookups and permitting paperwork. For investors it matters because these preparations lower upgrade costs and timelines, reduce uncertainty and increase property value and appeal to tenants or buyers who want renewable energy, similar to how a home prewired for high-speed internet is easier and cheaper to connect.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MONTREAL, Dec. 9, 2025 /PRNewswire/ -- 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.

About Vision Marine Technologies Inc.

Vision Marine Technologies (NASDAQ: VMAR) is a marine technology and retail group delivering premium boating experiences across internal combustion and electric segments. Through its E-Motion™ high-voltage propulsion platform and its Nautical Ventures retail network, Vision Marine offers an integrated ecosystem spanning propulsion, retail, service, and on-water consumer engagement.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of applicable U.S. federal securities laws. Forward-looking statements are based on current expectations and projections about future events and include statements regarding the Company's operational plans, anticipated performance of the Anglers Avenue Marina, expected revenue opportunities, service expansion, the potential future acquisition of the property, integration of new operational capabilities, and the execution of Vision Marine's broader strategic objectives. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions that are difficult to predict.

Forward-looking statements are often identified by words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "may," "could," "should," "potential," "projected," "proposed," "continue," or similar expressions. Actual results may differ materially from those expressed or implied in these statements due to a variety of factors, including but not limited to: general economic conditions and their impact on consumer spending; changes in the recreational boating market; the Company's ability to successfully integrate and operate the marina; risks associated with service ramp-up, staffing, operational consolidation, and capacity expansion; challenges in maintaining or increasing occupancy levels; the availability of capital to support development initiatives; regulatory, environmental, and permitting requirements; supply-chain constraints; competition within the marine retail and service sectors; and other risks described in Vision Marine's filings with the Securities and Exchange Commission.

Readers are cautioned not to place undue reliance on forward-looking statements. Vision Marine undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

For more information, visit www.visionmarinetechnologies.com.

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SOURCE Vision Marine Technologies, Inc

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Vision Marine announce about the Anglers Avenue marina on December 9, 2025?

Vision Marine's Nautical Ventures signed a commercial lease with a contractual purchase option and Right of First Refusal for the Anglers Avenue Marine Center in Dania Beach, Florida.

How much revenue did the Anglers Avenue marina generate for Vision Marine in 2024?

The marina generated approximately US$3.2 million in 2024 from limited storage and service activity.

What is Vision Marine's planned slip capacity after expansion at the Anglers Avenue marina?

The company intends to expand capacity from 109 active slips to roughly 300 combined wet-and-dry slips.

How does the Anglers Avenue deal affect Vision Marine's growth strategy (VMAR)?

The deal supports a vertically integrated retail and service hub, expanding recurring storage and service revenue and enabling a regional E-Motion on-water showroom.

Does Vision Marine have the option to buy the Anglers Avenue property?

Yes. The agreement includes a contractual purchase option and a Right of First Refusal if a third-party offer arises.

Where is the Anglers Avenue marina located and why is it strategic for VMAR?

The marina is in Dania Beach, 3.3 miles from Fort Lauderdale-Hollywood International Airport with access to 300+ miles of waterways, offering high visibility and regional boating access.