Oct. 23 at 6:47 PM
$VMAR The sale of the two properties generated approximately US
$3.9 million in net proceeds for Vision Marine, which will be reinvested directly into Nautical Ventures' operations and used to reduce floor plan financing, supporting continued growth, enhancing dealership performance, and strengthening customer experience. The consolidation is also expected to deliver an estimated US
$0.8 million reduction in annual operating expenses. Combined with the previously announced sale of 300 U.S. Highway 1, Vision Marine anticipates aggregate annual savings of approximately US
$1.6 million resulting from these strategic operational moves.
