Core Insights - Vision Marine Technologies Inc. has entered into a commercial lease and purchase option agreement for the Anglers Avenue Marine Center in Dania Beach, Florida, enhancing its strategic waterfront asset in Fort Lauderdale [1][2] Group 1: Marina Operations and Expansion - The marina generated approximately US$3.2 million in 2024 through limited storage and service activities, with plans to expand from 109 active slips to a capacity approaching 300 vessels, supporting multi-million-dollar recurring storage revenue annually [2][4] - The expansion plan includes enhanced dealership-level service operations driven by maintenance, repairs, and long-term customer programs at a new Service & Parts Center, positioning the marina as a regional hub for E-Motion™ electric-boat integrations [2][4] Group 2: Strategic Importance and Future Plans - The lease agreement allows Vision Marine to acquire the property in the future and includes a Right of First Refusal for third-party offers, marking a pivotal step toward a vertically integrated marine dealership business [3][4] - The Anglers Avenue site is strategically located 3.3 miles from Fort Lauderdale-Hollywood International Airport, providing exceptional visibility and access for boaters, which is expected to improve operational efficiency across various services [4] Group 3: Company Overview - Vision Marine Technologies operates in the marine technology and retail sector, delivering premium boating experiences across both internal combustion and electric segments, with an integrated ecosystem that spans propulsion, retail, service, and consumer engagement [5]