Vision Marine Technologies Inc.
For the period ended Feb 28, 2026. Filed Apr 14, 2026.
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Feb 28, 2026 · Filed Apr 14, 2026
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EX-99.1 · Future lease commitment
Future lease commitment
In October 2021, EB Rental FL Corp. has entered into lease arrangement for premises, which have not commenced yet and therefore related right-of-use asset and lease liability are not recorded as at November 30, 2025. The lease offers EB Rental FL Corp. a termination clause in case certain contractual requirements are not met by the lessor at the lease commencement date.
The Company’s undiscounted lease commitments related to this lease are as follows as at February 28, 2026:
| | | |
|---|---|---|
| | | $ |
| 2026 | | 50,000 |
| 2027 | | 121,000 |
| 2028 | | 123,420 |
| 2029 and thereafter | | 330,060 |
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