Nautical Ventures Optimizes Operations Across Florida

Vision Marine Technologies Inc., through Nautical Ventures, has streamlined operations across its Florida network. This move includes the sale of two properties in North Palm Beach, yielding approximately $3.9 million. This capital will be reinvested into Nautical Ventures, aiming to enhance efficiency and performance.

These transactions are part of Vision Marine's strategy to optimize its real estate holdings. By focusing on high-impact sites, Nautical Ventures aims to reduce annual operating expenses by around $0.8 million. The company expects total annual savings of $1.6 million.

Nautical Ventures maintains its commitment to covering all service regions and offering a robust selection of boat brands. This initiative aligns with Vision Marine's broader strategy of integrating strong retail operations with its proprietary E-Motion™ technology.