Vision Marine Technologies Completes Sale of 1440 S. Federal Highway Under Florida Real Estate Optimization Plan

About this update from Vision Marine Technologies Inc.

Completed transaction reflects continued execution toward a simplified and more efficient operating footprint. FORT LAUDERDALE, Fla. and BOISBRIAND, QC, Aug. 4, 2026 /PRNewswire/ -- Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) ("Vision Marine" or the "Company"), a marine technology and recreational boating company combining proprietary propulsion technology with direct consumer access through its Nautical Ventures retail, service and marina platform, today announced the completion of a property disposition under its previously announced Florida real estate and operational optimization plan through the closing of the sale of 1440 S. Federal Highway in Fort Lauderdale, Florida. The 1440 S. Federal Highway property was one of the remaining real estate assets subject to arrangements entered into in connection with Vision Marine's June 2025 acquisition of Nautical Ventures Group, Inc. The transaction closed on July 31, 2026, and the sale proceeds were applied in accordance with the closing mechanics. The 1440 S. Federal Highway property previously supported tender showroom and customer-facing sales activities within the Nautical Ventures platform. As previously disclosed, those activities were transitioned to Nautical Ventures' Dania Beach location at 50 South Bryan Road, while related operational support, including rigging, service, parts, logistics and delivery, is being concentrated through Nautical Ventures' Fort Lauderdale Marina. Through the sale and related operating transition, the Company has monetized a property no longer required under its optimized operating footprint and simplified its real estate portfolio. The streamlined footprint is intended to improve operational efficiency and allow management to focus resources on E-Motion™ commercialization, marina operations, customer experience and the Company's long-term growth strategy. "This transaction represents another important milestone in executing our strategic plan," said Alexandre Mongeon, Chief Executive Officer of Vision Marine. "We continue to simplify our operating footprint, optimize our real estate portfolio and focus capital and management attention on initiatives intended to strengthen our competitive position and support long-term shareholder value creation." Vision Marine continues to advance the remaining initiatives under its Florida real estate and operational optim...

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