Vision Marine (VMAR) 6-K/A 25 Apr 24 2024 Q2 Condensed Interim Consolidated Financial Statements Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Feb. 29, 2024
Document and Entity Information
Document Type	6-K/A
Document Period End Date	Feb. 29, 2024
Entity Registrant Name	VISION MARINE TECHNOLOGIES INC.
Entity Central Index Key	0001813783
Current Fiscal Year End Date	--08-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Amendment Flag	false

Consolidated statements of fina

Consolidated statements of financial position - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Current
Cash	$ 1,185,083	$ 3,359,257
Trade and other receivables [note 3]	376,703	550,836
Income tax receivable	42,238	98,540
Inventories [note 4]	4,781,765	2,445,554
Prepaid expenses	3,849,800	1,973,591
Share subscription receivable [note 16]	39,200	39,200
Advances to related parties [note 16]	19,071	20,135
Total current assets	10,293,860	8,487,113
Right-of-use assets [note 6]	2,125,430	2,414,593
Property and equipment [note 7]	2,296,299	2,313,926
Intangibles [note 8]	885,400	966,724
Goodwill [note 9]	5,431,975	9,680,941
Deferred income taxes	185,950	68,460
Other financial assets	114,578	114,755
Total assets	21,333,492	24,046,512
Current
Credit facility [note 10]	136,911	155,000
Trade and other payables [notes 11 & 16]	2,071,544	1,754,900
Provision on onerous contracts	91,667	91,667
Contract liabilities [note 12]	1,762,632	1,815,731
Current portion of lease liabilities [note 13]	714,842	647,638
Current portion of long-term debt [note 14]	165,948	271,546
Other financial liabilities	78,709	113,695
Total current liabilities	5,022,253	4,850,177
Lease liabilities [note 13]	1,697,820	1,994,156
Long-term debt [note 14]	222,962	33,783
Derivative liabilities [note 15]	7,992,930	5,558,822
Deferred income taxes		45,137
Total liabilities	14,935,965	12,482,075
Shareholders' equity
Capital stock [note 17]	52,268,158	50,395,717
Contributed surplus [note 18]	12,006,417	11,684,829
Accumulated other comprehensive income	1,053,709	1,032,628
Deficit	(58,930,757)	(51,548,737)
Total shareholders' equity	6,397,527	11,564,437
Total shareholders' equity and liabilities	$ 21,333,492	$ 24,046,512

Consolidated statements of chan

Consolidated statements of changes in equity (deficit) - CAD ($)	Capital stock	Contributed surplus	Deficit	Accumulated other comprehensive income	Total
Shareholders' equity at Aug. 31, 2022	$ 43,441,591	$ 10,560,886	$ (30,671,552)	$ 697,671	$ 24,028,596
Shareholders' equity (in shares) at Aug. 31, 2022	8,417,923
Total comprehensive income (loss)			(13,487,720)	356,835	(13,130,885)
Stock options exercised	$ 30,949	(12,238)			18,711
Stock options exercised (in shares)	5,057
Share issuance [note 17] (in shares)	1,061,922
Share issuance	$ 1,934,150				1,934,150
Share-based compensation [note 18]		423,167			423,167
Shareholders' equity at Feb. 28, 2023	$ 45,406,690	10,971,815	(44,159,272)	1,054,506	13,273,739
Shareholders' equity (in shares) at Feb. 28, 2023	9,484,902
Shareholders' equity at Aug. 31, 2023	$ 50,395,717	11,684,829	(51,548,737)	1,032,628	11,564,437
Shareholders' equity (in shares) at Aug. 31, 2023	11,172,800
Total comprehensive income (loss)			(7,382,020)	21,081	(7,360,939)
Series A Convertible Preferred Shares converted [notes 15 and 17]	$ 94,622				$ 94,622
Series A Convertible Preferred Shares converted [notes 15 and 17] (in shares)	132,380				132,380
Share issuance [note 17] (in shares)	793,041
Share issuance	$ 1,777,819				$ 1,777,819
Share-based compensation [note 18]		321,588			321,588
Shareholders' equity at Feb. 29, 2024	$ 52,268,158	$ 12,006,417	$ (58,930,757)	$ 1,053,709	$ 6,397,527
Shareholders' equity (in shares) at Feb. 29, 2024	12,098,221

Consolidated statements of comp

Consolidated statements of comprehensive income (loss) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Consolidated statements of comprehensive income (loss)
Revenues [note 19]	$ 728,611	$ 831,195	$ 1,715,003	$ 2,230,955
Cost of sales [note 4]	508,528	781,871	1,059,392	2,077,355
Gross profit	220,083	49,324	655,611	153,600
Expenses
Research and development	334,731	633,557	1,319,237	4,320,754
Office salaries and benefits	1,044,772	985,453	1,905,226	1,825,185
Selling and marketing expenses	611,492	498,503	1,400,824	1,140,581
Professional fees	513,555	719,634	1,606,407	1,580,219
Office and general	707,379	686,836	1,460,374	1,397,251
Share-based compensation [note 18]	72,019	110,288	146,352	423,167
Depreciation and amortization	210,942	124,099	414,151	215,843
Net finance expense (income) [note 20]	861,776	3,084,250	(4,362,403)	2,938,590
Goodwill impairment loss [note 9]	4,274,000		4,274,000
Other expense (income)	36,735	(74,881)	(29,509)	(193,133)
Operating expense	8,667,401	6,767,739	8,134,659	13,648,457
Loss before taxes	(8,447,318)	(6,718,415)	(7,479,048)	(13,494,857)
Income taxes
Current tax expense	47,642	20,000	65,438	30,000
Deferred tax recovery	(87,811)	(37,137)	(162,466)	(37,137)
Total income tax expense (recovery)	(40,169)	(17,137)	(97,028)	(7,137)
Net loss for the period	(8,407,149)	(6,701,278)	(7,382,020)	(13,487,720)
Items of comprehensive income that will be subsequently reclassified to earnings:
Foreign currency translation differences for foreign operations, net of tax	(7,439)	773	21,081	356,835
Other comprehensive income (loss), net of tax	(7,439)	773	21,081	356,835
Total comprehensive loss for the period, net of tax	$ (8,414,588)	$ (6,700,505)	$ (7,360,939)	$ (13,130,885)
Weighted average Voting Common Shares outstanding, Basic	11,701,400	8,726,591	11,619,671	8,577,507
Weighted average Voting Common Shares outstanding, Diluted	11,701,400	8,726,591	11,619,671	8,577,507
Basic loss per share	$ (0.72)	$ (0.77)	$ (0.63)	$ (1.57)
Diluted loss per share	$ (0.72)	$ (0.77)	$ (0.63)	$ (1.57)

Consolidated statements of cash

Consolidated statements of cash flows - CAD ($)	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Operating activities
Net loss	$ (7,382,020)	$ (13,487,720)
Depreciation and amortization	540,277	519,186
Accretion on long-term debt and lease liability	90,844	74,524
Share-based compensation - options and warrants	321,588	423,167
Shares issued for services	762,358	216,300
Loss on investment in Limestone [note 5]		2,435,000
Goodwill impairment loss	4,274,000
Transaction costs - Preferred Shares [note 15]	1,535,627
Income tax recovery	(97,028)	(7,137)
Income tax recovered	(8,802)
Loss (gain) on disposal of property and equipment	2,558	(59,611)
Loss (gain) on derivative liabilities	(6,317,928)	376,455
Gain on lease termination		(45,141)
Effect of exchange rate fluctuation	(1,458)	84,769
Operating activities before working capital items	(6,279,984)	(9,470,208)
Net change in non-cash working capital items
Trade and other receivables	174,133	404,005
Inventories	(2,204,047)	(424,795)
Other financial assets		3,790
Prepaid expenses	(1,876,209)	1,820,036
Trade and other payables	316,644	786,155
Contract liabilities	(53,099)	(303,118)
Other financial liabilities	(34,985)	(28,520)
Cash used in operating activities	(9,957,547)	(7,212,655)
Investing activities
Additions to property and equipment	(247,130)	(612,742)
Proceeds from the disposal of property and equipment		401,782
Cash used in investing activities	(247,130)	(210,960)
Financing activities
Change in credit facility	(18,089)	975,000
Issuance of long-term debt	247,000
Repayment of long-term debt	(184,020)	(44,230)
Voting Common Shares issued for options exercised		18,711
Issuance of Series A & B Convertible Preferred Shares and Warrants [note 15]	6,545,298
Issuance of Voting Common Shares and Warrants [note 17]	1,781,194	5,117,632
Repayment of lease liabilities	(340,880)	(352,562)
Cash provided by financing activities	8,030,503	5,714,551
Net decrease in cash during the period	(2,174,174)	(1,709,064)
Cash, beginning of period	3,359,257	5,824,716
Cash, end of period	$ 1,185,083	$ 4,115,652

Incorporation and nature of bus

Incorporation and nature of business	6 Months Ended
	Feb. 29, 2024
Incorporation and nature of business
Incorporation and nature of business	1. Incorporation and nature of business Vision Marine Technologies Inc. [the “Company”] was incorporated on August 29, 2012 and its principal business is to manufacture and sell or rent electric boats. The Voting Common Shares of the Company are listed under the trading symbol “VMAR” on Nasdaq. The Company is incorporated in Canada and its head office and registered office is located at 730 Curé-Boivin boulevard, Boisbriand, Quebec, J7G 2A7. Business seasonality The Company’s operating results generally vary from quarter to quarter as a result of changes in general economic conditions and seasonal fluctuations, among other things, in each of its reportable segments. This means the Company’s results in one quarter are not necessarily indicative of how the Company will perform in a future quarter. Sale of electric boats The sale of electric boats segment has a seasonal aspect to its operations. Most customers purchase their electric boats from the Company with the intention of utilizing them during the summer period which typically runs from early June to late August and corresponds to the Company’s fourth quarter of a financial year. As such, the revenues in this operating segment fluctuate based on the level of boat deliveries, with a high and a low in the fourth quarter and the first quarter, respectively. Rental of electric boats Revenue generated by the rental of electric boats segment also has a seasonal aspect to its operations. Boat rental as an activity is highly sought by customers when the weather is milder, which is typically the case during the period from May to August. A colder-than-expected or rainier summer in any given year could have an impact on the segment’s revenues and hence on its profitability. Revenue from the boat club memberships is not impacted by seasonality as the memberships are typically on an annual basis.

Basis of preparation and going

Basis of preparation and going concern uncertainty	6 Months Ended
	Feb. 29, 2024
Basis of preparation and going concern uncertainty
Basis of preparation and going concern uncertainty	2. Basis of preparation and going concern uncertainty Compliance with IFRS These condensed interim consolidated financial statements are for the three-month and six-month periods ended February 29, 2024 and have been prepared in accordance with IAS 34: Interim Financial Reporting. They do not include all of the information required in annual financial statements in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and should be read in conjunction with the consolidated financial statements for the year ended August 31, 2023. The accounting policies adopted in the preparation of these condensed interim consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended August 31, 2023. These condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on April 15, 2024. Going concern uncertainty As of February 29, 2024, the Company has cash of $1,185,083 and working capital of $5,271,607. The Company has incurred recurring losses, has not yet achieved profitable operations and has a deficit of $58,930,757 since its inception. The cash flows from operations were negative for the three years ended August 31, 2023 as well as for the current six-month period ended February 29, 2024. Additional financing will be needed by the Company to fund its operations and to commercialize the E-Motion powertrain business. These matters, when considered in aggregate, indicate the existence of a material uncertainty that raises substantial doubt about the Company’s ability to continue as a going concern for at least 12 months from the issuance of these condensed interim consolidated financial statements. In view of these matters, continuation as a going concern is dependent upon the continued operations of the Company which will be determined by the Company’s ability to meet its financial requirements, including its ability to raise additional capital. The Company is evaluating several different strategies and is actively pursuing actions that are expected to increase its liquidity position, including, but not limited to, pursuing additional cost savings initiatives, seeking additional financing from both the public and private markets through the issuance of equity securities, and potentially selling assets which do not align with the Company’s outlook of future operations. For the six-month period ended February 29, 2024, the Company was able to raise net proceeds from issuance of common shares, warrants, preferred shares and options to purchase additional preferred shares and warrants of $8,326,492. However, the Company’s management cannot provide assurances that the Company will be successful in accomplishing any of its proposed financing plans. Management also cannot provide any assurance as to unforeseen circumstances that could occur within the next 12 months which could increase the Company’s need to raise additional capital on an immediate basis, which additional capital may not be available to the Company. The accompanying condensed interim consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue its operations for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. These condensed interim consolidated financial statements as at and for the three-month and six-month periods ended February 29, 2024 do not include any adjustments to the carrying amounts and classification of assets, liabilities and reported expenses that may otherwise be required if the going concern basis was not appropriate. Such adjustments could be material. Basis of measurement These condensed interim consolidated financial statements are presented in Canadian dollars and were prepared on a historical cost basis. Basis of consolidation The condensed interim consolidated financial statements include the accounts of the Company, and the subsidiaries that it controls. Control exists when the Company has the power over the subsidiary, when it is exposed or has rights to variable returns from its involvement with the subsidiary and when it has the ability to use its power to affect its returns. Subsidiaries that the Company controls are consolidated from the effective date of acquisition up to the effective date of disposal or loss of control. Details of the Company’s significant subsidiaries at the end of the reporting period are set out below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ Proportion of ​ ​ ​ ​ incorporation ​ ownership held Name of subsidiary Principal activity and operation by the Company 7858078 Canada Inc. ​ Owns an electric boat rental center ​ Canada ​ 100 % EB Rental Ltd. ​ Operates an electric boat rental center ​ United States ​ 100 % EB Rental Ventura Corp. ​ Operates an electric boat rental center ​ United States ​ 100 % EB Rental FL Corp. ​ Operates an electric boat rental center United States ​ 100 % EBR Palm Beach Inc. Operates an electric boat rental center United States ​ 100 % Vision Marine Technologies Corp. Operates an electric boat service center United States 100 % ​ Foreign currency translation The Company’s condensed interim consolidated financial statements are presented in Canadian dollars, which is also the parent company’s functional currency. The functional currency of 7858078 Canada Inc. is the Canadian dollar, while the functional currency for EB Rental Ltd., EB Rental Ventura Corp., EB Rental FL Corp., EBR Palm Beach Inc. and Vision Marine Technologies Corp. is the U.S. dollar. The exchange rates for the currencies used in the preparation of the interim condensed consolidated financial statements were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average exchange rate for the ​ ​ Exchange rate as at: ​ six-month period ended ​ ​ February 29, ​ August 31, ​ February 29, ​ February 28, ​ 2024 2023 2024 2023 US dollar ​ 1.3570 ​ 1.3535 ​ 1.3553 ​ 1.3484 ​ Use of estimates and judgments The preparation of financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of the amount, event or actions, actual results ultimately may differ from those estimates. Areas where judgments, estimates and assumptions are considered significant to the condensed interim consolidated financial statements remain unchanged to the 2023 annual financial statements, except for the changes made to the underlying assumptions in determining the carrying amount of the goodwill associated with its boat rental operation cash-generating unit (“CGU”), which represents the lowest level within the Company at which the goodwill is monitored for internal management purposes [ note 9 Standards issued but yet not effective Amendments to IAS 1: Classification of Liabilities as Current or Non-current In January 2020 and October 2022, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: - What is meant by a right to defer settlement. - That a right to defer must exist at the end of the reporting period. - That classification is unaffected by the likelihood that an entity will exercise its deferral right. - That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. For the Company, the amendments are effective for fiscal year beginning on September 1, 2024 and must be applied retrospectively. This will result in reclassification of the Company’s derivative liabilities from long-term to short-term liabilities [ note 15

Trade and other receivables

Trade and other receivables	6 Months Ended
	Feb. 29, 2024
Trade and other receivables
Trade and other receivables	3. Trade and other receivables ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Trade receivables ​ 40,732 ​ 59,364 Sales taxes receivable ​ 184,308 ​ 159,114 R&D tax credit receivable ​ 143,500 ​ 143,500 Other receivables ​ 8,163 ​ 188,858 ​ ​ 376,703 ​ 550,836 ​ Trade receivables disclosed above include amounts that are past due at the end of the reporting period for which the Company has not recognized an allowance for expected credit losses because there has not been a significant change in credit quality and the amounts are still considered recoverable. As at February 29, 2024, trade receivables of $40,732 [August 31, 2023 – $59,364] were past due but not impaired. They relate to customers with no default history. The aging analysis of these receivables is as follows: ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ 0 – 30 ​ — 13,986 31 – 60 ​ 3,174 — 61 – 90 ​ — — 91 and over ​ 37,558 45,378 ​ ​ 40,732 59,364 ​ There were no movements in the allowance for expected credit losses for the three months ended February 29, 2024 and the year ended August 31, 2023.

Inventories

Inventories	6 Months Ended
	Feb. 29, 2024
Inventories
Inventories	4. Inventories ​ ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Raw materials ​ 3,665,531 ​ 1,553,501 Work-in-process ​ 259,498 ​ 369,753 Finished goods ​ 856,736 ​ 522,300 ​ ​ 4,781,765 ​ 2,445,554 ​ For the three-month and six-month periods ended February 29, 2024, inventories recognized as an expense amounted to $508,528 and $1,059,392 respectively [February 28, 2023 – $781,871 and $1,857,355 respectively]. For the three-month and six-month periods ended February 29, 2024, cost of sales includes depreciation of $53,497 and $126,126 respectively [February 28, 2023 – $139,199 and $314,125 respectively].

Investment in Limestone

Investment in Limestone	6 Months Ended
	Feb. 29, 2024
Investment in Limestone
Investment in Limestone	5. Investment in Limestone On May 14, 2021, the Company subscribed for and purchased 3,400 senior unsecured subordinated convertible debentures of The Limestone Boat Company Limited [“Limestone”], a publicly traded company listed under the trading symbol "BOAT" on the TSX Venture Exchange [the "Debentures"], for an aggregate amount of $3,400,000. The Debentures bore interest at a rate of 10% per annum, payable annually in arrears, and had a 36-month The Investment in Limestone is carried at fair value through profit and loss and are considered as Level 3 financial instruments in the fair value hierarchy. On January 20, 2023, Limestone announced that Limestone’s U.S. subsidiaries filed for voluntary petitions for relief under Chapter 7 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Middle District of Tennessee. As a result, the Company recorded an impairment on the entire value of the Debentures at the amount $2,637,000 for the year ended August 31, 2023. On July 18, 2023, the Company agreed to give Limestone the right to convert the Debentures into common shares of Limestone at a conversion price of $0.071, which was approved by the shareholders of Limestone and is awaiting the issuance of the Company’s shareholder certificate, following the exercise of the conversion right by Limestone. The Company maintained the fair value of its investment in Limestone at nil as at February 29, 2024 [August 31, 2023 – Nil]. For the three and six-month periods ended February 29, 2024, the Company recorded a loss on its investment in Limestone of nil [February 28, 2023 – $2,637,000 and $2,746,667, respectively] in net finance (income) expense [ note 20

Right-of-use assets

Right-of-use assets	6 Months Ended
	Feb. 29, 2024
Right-of-use assets
Right-of-use assets	6. Right-of-use assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computer ​ ​ ​ Boat rental ​ ​ ​ ​ Premises ​ equipment ​ Rolling stock ​ fleet ​ Total ​ $ $ $ $ $ Cost ​ ​ ​ ​ ​ Balance at August 31, 2022 ​ 2,880,039 ​ 3,646 ​ 88,020 ​ 211,459 ​ 3,183,164 Additions ​ 921,498 ​ — ​ — ​ — ​ 921,498 Disposals ​ — ​ — ​ (46,200) ​ (170,298) ​ (216,498) Transferred to property and equipment ​ — (3,646) — ​ (41,161) (44,807) Currency translation ​ 38,254 — 2,100 — 40,354 Balance at August 31, 2023 ​ 3,839,791 — 43,920 — 3,883,711 Additions ​ — — 38,283 — 38,283 Currency translation ​ 1,821 — 958 — 2,779 Balance at February 29, 2024 ​ 3,841,612 — 83,161 — 3,924,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ Balance at August 31, 2022 ​ 822,407 2,878 20,315 76,464 922,064 Depreciation ​ 615,937 768 23,934 21,442 662,081 Disposal ​ — (3,646) (13,475) (97,906) (115,027) Balance at August 31, 2023 ​ 1,438,344 — 30,774 — 1,469,118 Depreciation ​ 313,130 — 17,095 — 330,225 Balance at February 29, 2024 ​ 1,751,474 — 47,869 — 1,799,343 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ As at August 31, 2023 ​ 2,401,447 — 13,146 — 2,414,593 As at February 29, 2024 ​ 2,090,138 — 35,292 — 2,125,430 ​

Property and equipment

Property and equipment	6 Months Ended
	Feb. 29, 2024
Property and equipment.
Property and equipment	7. Property and equipment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Machinery ​ ​ ​ ​ ​ ​ ​ ​ and ​ Rolling ​ Computer ​ ​ ​ Leasehold ​ Boat ​ ​ ​ ​ equipment ​ stock ​ equipment ​ Moulds ​ improvements ​ rental fleet ​ Total ​ $ $ $ $ $ $ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 333,084 118,664 21,032 911,924 264,356 971,477 2,620,537 Additions 62,409 69,029 565 30,501 97,699 678,599 938,802 Disposals — (136,072) — — — (499,770) (635,842) Transferred from Right-of-use assets — — 3,646 — — 41,161 44,807 Currency translation — (2,347) — — — (70,115) (72,462) Balance at August 31, 2023 395,493 49,274 25,243 942,425 362,055 1,121,352 2,895,842 Additions 29,196 3,087 — — 10,000 204,847 247,130 Disposals — (6,213) — — — — (6,213) Transferred to Inventories 1 — — — — — (153,341) (153,341) Currency translation — — — — — (9) (9) Balance at February 29, 2024 424,689 46,148 25,243 942,425 372,055 1,172,849 2,983,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation Balance at August 31, 2022 197,804 29,999 12,803 73,028 44,505 43,416 401,555 Depreciation 31,495 25,875 4,485 37,696 69,332 72,163 241,046 Disposal — (21,864) — — — (38,821) (60,685) Balance at August 31, 2023 229,299 34,010 17,288 110,724 113,837 76,758 581,916 Depreciation 17,628 2,193 2,038 18,846 43,398 45,923 130,026 Disposals — (3,655) — — — — (3,655) Transferred to Inventories 1 — — — — — (21,177) (21,177) Balance at February 29, 2024 246,927 32,548 19,326 129,570 157,235 101,504 687,110 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount As at August 31, 2023 166,194 15,264 7,955 831,701 248,218 1,044,594 2,313,926 As at February 29, 2024 177,762 13,600 5,917 812,855 214,820 1,071,345 2,296,299 ​ 1

Intangible assets

Intangible assets	6 Months Ended
	Feb. 29, 2024
Intangible assets
Intangible assets	8. Intangible assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ Trade ​ ​ ​ ​ ​ property ​ Software ​ name ​ Backlog ​ Website ​ Total ​ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 1,035,070 101,775 98,294 79,550 18,858 1,333,547 Currency translation — — 6,057 4,556 1,211 11,824 Balance at August 31, 2023 1,035,070 101,775 104,351 84,106 20,069 1,345,371 Currency translation — — (657) (510) (131) (1,298) Balance at February 29, 2024 1,035,070 101,775 103,694 83,596 19,938 1,344,073 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation Balance at August 31, 2022 159,089 24,700 14,439 19,830 2,819 220,877 Depreciation 103,508 12,920 20,426 16,911 4,005 157,770 Balance at August 31, 2023 262,597 37,620 34,865 36,741 6,824 378,647 Depreciation 51,753 7,270 10,478 8,510 2,015 80,026 Balance at February 29, 2024 314,350 44,890 45,343 45,251 8,839 458,673 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount As at August 31, 2023 772,473 64,155 69,486 47,365 13,245 966,724 As at February 29, 2024 720,720 56,885 58,351 38,345 11,099 885,400 ​ ​

Goodwill

Goodwill	6 Months Ended
	Feb. 29, 2024
Goodwill.
Goodwill	9. Goodwill Assets that have an indefinite life, such as goodwill, are tested annually by the Company for impairment, or more frequently if events or circumstances indicate there may be impairment. During the three-month period ended February 29, 2024, the Company noted certain events and circumstances which indicated that there may be an impairment of the goodwill associated with its boat rental operation CGU (see detailed description below). As a result of these triggering events and circumstances, the Company performed an impairment analysis for the boat rental operation CGU as at February 29, 2024. As a result of this analysis, the Company determined that the carrying amount of the goodwill associated with the boat rental operation CGU exceeded its recoverable amount and, accordingly, the Company recorded a goodwill impairment loss of $4,274,000 for the three-month period ended February 29, 2024. As a result of this loss, the carrying amount of the goodwill associated with this CGU has been reduced to $5,431,975 [November 30, 2023 - $9,714,558], with the remaining change in the balance due to foreign exchange translation. The recoverable amount was determined based on the fair value less costs of disposal approach using a discounted cash flow model. The fair value measurement is categorized within Level 3 of the fair value hierarchy. The model included forecasted cash flows based on updated financial plans prepared by management covering a five-year period taking into consideration future investments and expansion activities that will enhance the performance of the assets of the CGU and the following key assumptions: - Expected earnings before interest, taxes, depreciation and amortization (“EBITDA”) as a percentage of revenues for the CGU of 12.7% for the remainder of 2024, 15.8% in 2025, 19.3% in 2026, 19.9% in 2027, 20.7% in 2028 and 21.5% in 2029 and thereafter. - Expected working capital cash absorption ratio for the CGU of 20% of annual incremental sales increases. - Expected annual capital expenditure needs for the CGU of US $56,500 for the remainder of 2024, US $126,000 in 2025, US $346,800 in 2026, US $594,259 in 2027, US $229,820 in 2028, US $234,310 in 2029 and US $238,876 annually thereafter. The discounted cash flow model was established using a post-tax discount rate of 28.0% based on the weighted average cost of capital calculated using observable market-based inputs or benchmark of a sample of representative publicly traded companies. The terminal growth rate of 2% used is based on published long-term growth rates. Any reasonable negative change in these key assumptions could cause additional impairment of the CGU. In prior periods, management had based its selection of assumptions upon its assessment of the ability of the CGU to maintain the levels of growth and profitability experienced during the COVID-19 pandemic, despite the unfavourable weather conditions experienced in its key markets over the course of the fiscal year ended August 31, 2023. However, continued unfavourable weather conditions and a recent general downturn in the boating industry have had a negative impact on the CGU’s revenues and EBITDA over the first six months of the current fiscal year. In addition, management’s attempts to sell all or a portion of the Company’s boat rental operation over the current quarter have been largely unsuccessful, indicating a possible decline in value of the CGU. Therefore, the impairment charge was the result of management’s revised assumptions related to revenues and the expected EBITDA as a percentage of sales taking into account the current economic environment.

Credit facility

Credit facility	6 Months Ended
	Feb. 29, 2024
Credit facility
Credit facility	10. Credit facility The Company has an authorized line of credit of $250,000, renewable annually, bearing interest at prime rate plus 1%, secured by a first ranking movable hypothec of $750,000 on all present and future accounts receivable and inventory. As at February 29, 2024, the Company has drawn an amount of $120,000 [August 31, 2023 - $155,000] on the line of credit.

Trade and other payables

Trade and other payables	6 Months Ended
	Feb. 29, 2024
Trade and other payables.
Trade and other payables	11. Trade and other payables ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Trade payable 1,337,058 1,107,310 Sales taxes payable 41,965 62,398 Salaries and vacation payable 692,521 585,192 ​ 2,071,544 1,754,900 ​ ​

Contract liabilities

Contract liabilities	6 Months Ended
	Feb. 29, 2024
Contract liabilities
Contract liabilities	12. Contract liabilities ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Opening balance 1,815,731 1,029,318 Payments received in advance 404,563 3,330,235 Boat sale deposits — 151,572 Payments reimbursed — (8,131) Transferred to revenues (460,314) (2,718,943) Currency translation 2,652 31,680 Closing balance 1,762,632 1,815,731 ​

Lease liabilities

Lease liabilities	6 Months Ended
	Feb. 29, 2024
Lease liabilities
Lease liabilities	13. Lease liabilities ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Opening balance 2,641,794 2,415,549 Additions 38,283 921,498 Repayment (340,880) (726,893) Interest on lease liability 70,243 139,132 Lease termination — (151,800) Currency translation 3,222 44,308 Closing balance 2,412,662 2,641,794 ​ ​ ​ ​ ​ Current 714,842 647,638 Non-current 1,697,820 1,994,156 ​ 2,412,662 2,641,794 ​ Future undiscounted lease payments as at February 29, 2024 are as follows: ​ ​ ​ ​ ​ $ Less than one year 828,798 One to five years 1,781,836 ​ 2,610,634 ​ ​

Long-term debt

Long-term debt	6 Months Ended
	Feb. 29, 2024
Long-term debt.
Long-term debt	14. Long-term debt ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ The government assistance loan is non-interest bearing until December 31, 2023 at which time the loan bears interest at 5% per annum. The loan must be repaid by December 31, 2025. — 40,000 ​ ​ ​ ​ ​ Commercial term loan bearing interest at 10.70% per annum payable in monthly installments of $667 until December 2028. 39,333 — ​ ​ ​ ​ ​ Term loans, bearing interest at rates varying 9.44% and 13.87% per annum payable in monthly installments of $13,026 ending December 2026. 349,577 265,329 ​ 388,910 305,329 Current portion of long-term debt 165,948 271,546 ​ 222,962 33,783 ​ ​

Derivative liabilities

Derivative liabilities	6 Months Ended
	Feb. 29, 2024
Fair value measurement and hierarchy
Derivative liabilities	15. Derivative liabilities Warrants issued to common shareholders On January 19, 2023, as part of a share subscription , On February 17, 2023, as part of a share subscription , On April 19, 2023, as part of a share subscription , On June 16, 2023, as part of a share subscription, the Company issued warrants with the option to purchase 493,828 Voting Common Shares of the Company for a period of three years from the grant date at an original exercise price of U.S. $4.21 ($5.35). On August 2, 2023, as part of a share subscription, the Company issued warrants with the option to purchase 493,832 Voting Common Shares of the Company for a period of three years from the grant date at an original exercise price of U.S. $4.21 ($5.37). On September 20, 2023, as part of a share subscription [note 17] On December 13, 2023, the Company agreed to reduce the exercise price of 2,771,135 of its previously issued warrants to US$1.05 ($1.43). The table below lists the assumptions used to determine the fair value of these warrant grants or issuances. Volatility is based on the historical share price volatility of the Company and other public companies with characteristics similar to the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Issuance date $ $ % % [years] January 19, 2023 5.63 5.63 100 3.4 3 February 17, 2023 5.67 6.05 100 4.0 3 April 19, 2023 5.64 5.55 75 3.9 3 June 16, 2023 5.35 5.50 75 4.1 3 August 2, 2023 5.37 5.10 75 4.8 3 September 20, 2023 5.44 4.40 75 4.8 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ Revised ​ warrants ​ remaining ​ ​ Exercise price ​ outstanding ​ contractual life Issuance date $ # [years] January 19, 2023 1.43 554,253 1.89 February 17, 2023 1.43 475,059 1.97 April 19, 2023 1.43 381,293 2.14 June 16, 2023 1.43 493,828 2.30 August 2, 2023 1.43 493,832 2.42 September 20, 2023 1.43 372,870 2.56 ​ As at February 29, 2024, the derivative liabilities related to the warrants issued to common shareholders amounted to $1,105,128 [August 31, 2023 – $5,558,822]. For the three-month and six-month periods ended February 29, 2024, the Company allocated transaction costs of $149,472 related to the warrants issued to common shareholders during the period, which were recorded in net finance expense (income) [February 28, 2023 – $437,897] [note 20] The table below summarizes the movement in the derivative liabilities related to the warrants issued to common shareholders during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance 5,558,822 — Additions 765,733 7,614,510 Effect on fair value of repricing of warrants 1,871,499 — Change in estimate of fair value (7,090,926) (2,055,688) Closing balance 1,105,128 5,558,822 ​ For the three-month period ended February 29, 2024, the Company recorded a loss of $191,741 related to the valuation of these instruments in net finance expense (income) [February 29, 2023 – gain of $61,442] [ note 20 note 20 Series A Convertible Preferred Shares On December 13, 2023, the Company authorized the issuance of Series A Convertible Preferred Shares. This class of shares ranks senior to the Voting Common Shares but retains no voting rights. They have a stated value of US$1,000 per share and are convertible into Voting Common Shares of the Company at the election of the holder at any time at a price of US$1.05 per share, exercise price subject to adjustment. The Series A Convertible Preferred Shares are convertible at the election of its holder into that number of Voting Common Shares determined by dividing its stated value (plus any and all other amounts which may be owing in connection therewith) by the exercise price, subject to certain beneficial ownership limitations which prohibit any holder from converting into an amount of Voting Common Shares that would cause such holder to beneficially own more than 4.99% of the then outstanding Voting Common Shares). On the one-year anniversary of the original issuance date, the Series A Convertible Preferred Shares will automatically convert into Voting Common Shares at the lesser of the then exercise price, and 80% of the average volume-weighted average price of the Company’s Voting Common Shares during the five 5 years 6 months On December 21, 2023, the Company issued 3,000 Series A Convertible Preferred Shares and 2,857,142 warrants to purchase Voting Common Shares for a total cash consideration of $4,036,025 (US$3,000,000). For the three-month and six-month periods ended February 29, 2024, the Company incurred transaction costs of $615,306 related to this issuance, which were recorded in net finance expense (income) [February 28, 2023 – Nil] [ note 20 On February 8, 2024, 63 Series A Convertible Preferred Shares were converted into 60,000 Voting Common Shares at a value of $42,886 [ Note 17 On February 23, 2024, 76 Series A Convertible Preferred Shares were converted into 72,380 Voting Common Shares at a value of $51,736 [ Note 17 Given the variability associated with the various components of this instrument, these instruments were recorded as derivative liabilities and will be subject to fair value adjustments at the issuance date and at subsequent balance sheet dates. The fair value was determined using the Monte Carlo simulation run under the Geometric Brownian Motion. Since the fair value is based on valuation using unobservable market inputs, the Company did not recognize the loss on initial recognition. The difference between the fair value at initial recognition and the transaction price was deferred and is recognized over time based on the individual terms of each financial instrument. This difference determined was due to delays in negotiations, the changes in the capital market and the Company’s liquidity situation. The table below summarizes the movement in the derivative liabilities related to the Series A Convertible Preferred Shares including the related warrants and option to purchase additional Series A Convertible Preferred Shares and related warrants during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance — — Fair value at issuance 11,996,301 — Deferred loss at issuance (7,960,276) — Revaluation at the end of the period (3,224,782) — Amortization of the deferred loss during the period 1,824,824 — Conversion to Voting Common Shares during the period [ Note 17 (94,622) — Closing balance 2,541,445 — ​ For the three-month and six-month periods ended February 29, 2024, the Company recorded a gain of $1,399,958 related to the valuation of these instruments in net finance expense (income) [February 28, 2023 – nil] [ note 20 Series B Convertible Preferred Shares On December 13, 2023, the Company authorized the issuance of Series B Convertible Preferred Shares. This class of shares ranks senior to the Voting Common Shares but retains no voting rights. They have a stated value of US$1,000 per share and are convertible into Voting Common Shares of the Company at the election of the holder at any time at a price of US$1.05 per share, exercise price subject to adjustment. The Series B Convertible Preferred Shares are convertible at the election of its holder into that number of Voting Common Shares determined by dividing its stated value (plus any and all other amounts which may be owing in connection therewith) by the exercise price, subject to certain beneficial ownership limitations which prohibit any holder from converting into an amount of Voting Common Shares that would cause such holder to beneficially own more than 4.99% of the then outstanding Voting Common Shares). On the one-year anniversary of the original issuance date, the Series B Convertible Preferred Shares will automatically convert into Voting Common Shares at the lesser of the then exercise price, and 80% of the average volume-weighted average price of the Company’s Voting Common Shares during the five 5 years On January 17, 2024, the Company issued 3,000 Series B Convertible Preferred Shares and 2,857,142 warrants to purchase Voting Common Shares for a total cash consideration of $4,044,900 (US$3,000,000). For the three-month and six-month periods ended February 29, 2024, the Company incurred transaction costs of $839,195 related to this issuance, which were recorded in net finance expense (income) [February 28, 2023 – Nil] [ note 20 Given the variability associated with the various components of this instrument, these instruments were recorded as derivative liabilities and will be subject to fair value adjustments at the issuance date and at subsequent balance sheet dates. The fair value was determined using the Monte Carlo simulation run under the Geometric Brownian Motion. Since the fair value is based on valuation using unobservable market inputs, the Company did not recognize the loss on initial recognition. The difference between the fair value at initial recognition and the transaction price was deferred and is recognized over time based on the individual terms of each financial instrument. This difference determined was due to delays in negotiations, the changes in the capital market and the Company’s liquidity situation. The table below summarizes the movement in the derivative liabilities related to the Series B Convertible Preferred Shares including the related warrants during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance — — Fair value at issuance 6,272,022 — Deferred loss at issuance (2,227,122) — Revaluation at the end of the period 80,202 — Amortization of the deferred loss during the period 221,255 — Closing balance 4,346,357 — ​ For the three-month and six-month periods ended February 29, 2024, the Company recorded a loss of $301,457 related to the valuation of these instruments in net finance expense (income) [February 28, 2023 – nil] [note 20].

Related party transactions

Related party transactions	6 Months Ended
	Feb. 29, 2024
Related party transactions
Related party transactions	16. Related party transactions Companies related through common ownership EB Rental Ltd. [prior to June 3, 2021] 7858078 Canada Inc. [prior to June 3, 2021] Montana Strategies Inc. Key management personnel of the Company have control over the following entities California Electric Boat Company Inc. 9335-1427 Quebec Inc. Hurricane Corporate Services Ltd. Mac Engineering, SASU – Since February 16, 2021 Ultimate founder shareholders and their individually controlled entities Alexandre Mongeon Patrick Bobby Robert Ghetti Immobilier R. Ghetti Inc. Société de Placement Robert Ghetti Inc. The following table summarizes the Company’s related party transactions for the period: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month month month month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Office salaries and benefits ​ ​ ​ ​ Montana Strategies Inc. — 4,213 — 23,733 ​ ​ ​ ​ ​ ​ ​ ​ ​ Research and Development Mac Engineering, SASU 788,870 77,731 1,580,776 127,695 ​ The Company leases its Boisbriand premises from California Electric Boat Company Inc. As at February 29, 2024, the right-of-use assets and lease liabilities related to those leases amount to $1,182,284 and $1,317,323 respectively [August 31, 2023 – $1,270,955 and $1,395,732, respectively] [ notes 6 and 13 . Remuneration of directors and key management of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month month month month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Wages ​ 494,216 ​ 527,509 ​ 996,231 ​ 1,149,372 Share-based payments – capital stock 50,038 — 116,626 — Share-based payments – stock options 61,552 3,435 83,106 67,726 ​ 605,806 530,944 1,195,963 1,217,098 ​ The amounts due to and from related parties are as follows: ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Share subscription receivable 9335-1427 Quebec Inc. 25,000 25,000 Alexandre Mongeon 14,200 14,200 ​ 39,200 39,200 ​ ​ ​ ​ ​ Current advances to related party Alexandre Mongeon 19,071 20,135 ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Amounts due to related parties included in trade and other payable Alexandre Mongeon 15,077 19,384 Patrick Bobby 10,770 13,847 Kulwant Sandher 6,731 8,654 Xavier Montagne 8,131 10,454 California Electric Boat Company Inc. 48,014 — Mac Engineering, SASU 2,021 9,935 ​ 90,744 62,274 ​ Advances from related parties are non-interest bearing and have no specified terms of repayment.

Capital stock

Capital stock	6 Months Ended
	Feb. 29, 2024
Capital stock.
Capital stock	17. Capital stock Authorized Voting Common Shares – Series Founder, Series Investor 1, Series Investor 2, voting and participating Non-Voting Common Shares, non-voting Preferred Shares, without par value, non-cumulative annual dividend, redeemable at their issue price, non- participating, non-voting Issued ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ 12,098,221 Voting Common Shares [August 31, 2023 – 11,172,800] 52,268,158 50,395,717 ​ During the three-month and six-month periods ended February 29, 2024, the Company issued a total of 316,522 and 420,171 Voting Common Shares, respectively, to third parties in exchange for marketing services provided to the Company. During the six-month period ended February 29, 2024, the Company issued 372,870 Voting Common Shares and warrants to purchase Voting Common Shares, as part of the financing rounds for a total cash consideration price of $1,781,194, net of transaction costs of $246,298. During the six-month period ended February 29, 2024, the warrants issued are to purchase 372,870 Voting Common Shares of the Company for a period of three years from the issuance date at an exercise price at U.S. $4.05 [ note 15 During the three-month and six-month periods ended February 29, 2024, the Company issued a total of 132,380 Voting Common Shares upon the conversion of 139 Series A Convertible Preferred Shares [ note 15

Share-based payments

Share-based payments	6 Months Ended
	Feb. 29, 2024
Share-based payments
Share-based payments	18. Share-based payments Description of the plan The Company has a fixed option plan. The Company’s stock option plan is administered by the Board of Directors. Under the plan, the Company’s Board of Directors may grant stock options to employees, advisors and consultants, and designates the number of options and the share price pursuant to the new options, subject to applicable regulations. The options, when granted, will have an exercise price of no less than the estimated fair value of shares at the date of grant. Stock options On multiple grant dates, the Company granted stock options at exercise prices varying between $1.03 and $16.29 per share to directors, officers, employees and consultants of the Company. The stock options will expire 5 to 10 years from the grant dates. The Company recognizes share-based payments expense for option grants based on the fair value at the date of grant using the Black-Scholes valuation model. The share-based payments expense recognized for the three-month and six-month periods ended February 29, 2024 amounts to $72,019 and $146,352 respectively [February 28, 2023 – $110,288 and $423,167 respectively]. The table below lists the assumptions used to determine the fair value of these option grants. Volatility is based on the historical share price volatility of the Company and other public companies with characteristics similar to the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Grant date ​ $ ​ $ ​ % % [years] May 27, 2020 ​ 3.70 3.70 ​ 84 0.4 5 May 27, 2020 ​ 2.78 3.70 ​ 84 0.4 5 October 23, 2020 ​ 3.70 3.70 ​ 97 0.4 5 November 24, 2020 ​ 16.29 13.03 ​ 101 0.4 5 November 24, 2020 ​ 5.68 5.72 ​ 75 3.6 4 February 23, 2021 ​ 15.75 15.05 ​ 103 0.6 5 May 14, 2021 ​ 5.68 5.72 ​ 75 3.6 3 July 14, 2021 ​ 9.25 9.01 ​ 105 0.7 5 September 21, 2021 ​ 8.85 8.58 ​ 106 0.9 5 January 22, 2022 ​ 5.65 5.52 ​ 107 1.5 5 November 30, 2022 ​ 6.09 6.09 ​ 107 3.1 5 December 1,2022 ​ 5.83 5.83 ​ 107 3.0 5 March 22, 2023 ​ 5.76 5.14 ​ 75 3.6 2 March 25, 2023 ​ 5.77 5.23 ​ 75 3.6 3 March 25, 2023 ​ 5.77 5.23 ​ 75 3.6 4 April 20, 2023 ​ 5.79 5.27 ​ 75 3.6 5 December 29, 2023 ​ 4.54 1.48 ​ 76 3.1 5 January 26, 2024 ​ 1.03 1.08 ​ 76 3.5 5 ​ The following tables summarize information regarding the option grants outstanding as at February 29, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ average ​ ​ Number of ​ exercise ​ ​ options ​ price ​ ​ # ​ $ Balance at August 31, 2022 1,706,418 ​ 9.45 Granted 88,500 ​ 5.80 Forfeited (268,158) ​ 9.65 Stock options modifications (370,000) ​ 5.78 Exercised (57,219) ​ 2.86 Balance at August 31, 2023 1,099,541 ​ 5.22 Granted 100,000 ​ 2.78 Forfeited (14,409) ​ 5.22 Balance at February 29, 2024 1,185,132 ​ 5.02 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Exercise price ​ options ​ Weighted average ​ Weighted average ​ Exercisable range ​ outstanding ​ grant date fair value ​ remaining contractual life ​ options $ ​ # ​ $ [years] ​ # 1.03 - 3.70 ​ 495,132 ​ 2.29 ​ 1.62 450,287 4.54 – 5.83 ​ 625,000 ​ 2.74 ​ 4.06 545,874 6.09 – 8.85 ​ 30,000 ​ 6.26 ​ 7.08 26,667 16.29 ​ 35,000 ​ 9.33 ​ 6.75 35,000 ​ Warrants On November 23, 2020, the Company granted the underwriter the option to purchase 151,800 Voting Common Shares of the Company for a period of five years from the date of the initial public offering at an exercise price of U.S. $12.50 ($16.53). On August 5, 2022, the Company granted the underwriter the option to purchase 50,000 Voting Common Shares of the Company for a period of four years On December 21, 2023, the Company granted the underwriter the option to purchase 138,095 Voting Common Shares of the Company for a period of five years ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of warrants Weighted average remaining ​ ​ Exercise price ​ outstanding ​ contractual life Grant date ​ $ ​ # ​ [years] November 23, 2020 ​ 16.53 ​ 151,800 1.73 August 5, 2022 ​ 10.30 ​ 50,000 1.43 December 21, 2023 ​ 1.41 ​ 138,095 4.81 ​ The Company recognizes share-based payments expense for warrant grants based on the fair value at the date of grant using the Black-Scholes valuation model. The share-based payments expense recognized for the three-month and six-month periods ended February 29, 2024 amounts to $175,236 [February 28, 2023 – nil]. The table below lists the assumptions used to determine the fair value of these warrant grants. Volatility is based on the historical share price volatility of the Company and other public companies with characteristics similar to the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Grant date ​ $ ​ $ ​ % % [years] November 23, 2020 ​ 16.53 ​ 13.03 ​ 100 ​ 0.4 ​ 5 August 5, 2022 ​ 10.30 7.20 ​ 100 2.9 3 December 21, 2023 ​ 1.41 1.83 ​ 76 4.0 5 ​

Revenues

Revenues	6 Months Ended
	Feb. 29, 2024
Revenues
Revenues	19. Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- Three- Six- Six- ​ ​ month ​ month ​ month ​ month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Sales of boats ​ 170,614 ​ 193,956 ​ 258,707 ​ 351,241 Sales of parts and boat maintenance ​ 5,414 84,020 35,911 174,856 Boat rental and boat club membership revenue ​ 552,583 553,219 1,420,385 1,704,858 ​ ​ 728,611 831,195 1,715,003 2,230,955 ​ Revenues from external customers for the three-month and six-month periods ended February 29, 2024 and February 28, 2023 were primarily from the U.S.

Net finance expense (income)

Net finance expense (income)	6 Months Ended
	Feb. 29, 2024
Net finance expense (income)
Net finance expense (income)	20. Net finance expense (income) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month ​ month ​ month ​ month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ $ $ $ Interest and bank charges ​ 78,927 ​ 70,795 ​ 143,490 ​ 127,135 Interest income ​ (21,254) — (48,300) (311,667) Loss on Debentures [note 5] ​ — 2,637,000 — 2,746,667 Transaction costs [note 15] ​ 1,710,863 437,897 1,860,335 437,897 Gain on derivative liabilities [note 15] ​ (906,760) (61,442) (6,317,928) (61,442) ​ ​ 861,776 3,084,250 (4,362,403) 2,938,590 ​

Fair value measurement and hier

Fair value measurement and hierarchy	6 Months Ended
	Feb. 29, 2024
Fair value measurement and hierarchy
Fair value measurement and hierarchy	21. Fair value measurement and hierarchy The fair value measurement of the Company’s financial and non-financial assets and liabilities utilizes market observable inputs and data as far as possible. Inputs used in determining fair value measurements are categorized into different levels based on how observable the inputs used in the valuation technique utilized are (the “fair value hierarchy”): ● Level 1: Quoted prices in active markets for identical items [unadjusted]; ● Level 2: Observable direct or indirect inputs other than Level 1 inputs; and ● Level 3: Unobservable inputs [i.e., not derived from market data]. The classification of an item into the above levels is based on the lowest level of the inputs used that has a significant effect on the fair value measurement of the item. Transfers of items between levels are recognized in the period they occur. The carrying amount of trade and other receivables, advances to/from related parties and trade and other payables are assumed to approximate their fair value due to their short-term nature. The fair value of financial liabilities is estimated by discounting the remaining contractual maturities at the current market interest rate that is available for similar financial liabilities. Classified as Level 3, the fair value of Debentures was estimated using the partial differential equation model to value convertible debentures that include a call feature. Key assumptions used in the model include volatility, which was based on actual trading data, difference in volatility since initial issuance of the instrument and similar instruments on the market, and credit spread, which was based on corporate bond yield spreads in the market and credit spread data for similar public companies. The model included a fair value adjustment based on an initial calibration exercise. During the three months ended February 28, 2023, the Company recorded an impairment loss on the Debentures based on the estimated recoverable amount of the financial asset [note 5] The fair value of the derivative liabilities related to the warrants issued to common shareholders is classified as Level 3 in the fair value hierarchy and is calculated using the Black-Scholes Option Pricing Model using the historical volatility of comparable companies as an estimate of future volatility, as well as the current market price of the Voting Common Shares. As at February 29, 2024, the Company used volatility of approximately 76% over the remaining contractual life in order to determine the fair value of the derivative liabilities. As at February 29, 2024, if the volatility used was increased by 10%, the impact would be an increase of $121,000 to the derivative liabilities with a corresponding decrease in total comprehensive income. As at February 29, 2024, if the current market price of the Voting Common Shares increased by 10%, the impact would be an increase of $199,000 to the derivative liabilities with a corresponding decrease in total comprehensive income [note 15] The fair value of the derivative liabilities related to the Series A and B Convertible Preferred Shares is classified as Level 3 in the fair value hierarchy and is calculated using the Monte Carlo simulation run under the Geometric Brownian Motion model. The significant input assumptions into the model for each valuation date include the starting share price, a 70% volatility applied to the Series A and Series B Convertible Preferred Shares as at the issuance date, a 75% volatility applied to the Series A and Series B Convertible Preferred Shares as at February 29, 2024, a 50% volatility applied to the warrants issued with the Series A and Series B Convertible Preferred Shares and a risk-free rate based on the U.S. treasury rates matching the duration of each component of the Series A and Series B Convertible Preferred Shares. As at February 29, 2024, if the volatility used was increased by 5%, the impact would be an increase of $184,000 to the derivative liabilities with a corresponding decrease in total comprehensive income [note 15]

Segment information

Segment information	6 Months Ended
	Feb. 29, 2024
Segment information
Segment information	22. Segment information The Company operates in two reportable business segments. The two reportable business segments offer different products and services, require different processes and are based on how the financial information is produced internally for the purposes of monitoring operating results and making decisions about resource allocation and performance assessment by the Company’s Chief Operating Decision Maker. The following summary describes the operations of each of the Company’s reportable business segments: ● Sale of electric boats – manufacture of customized electric boats for consumer market and sale of boat parts maintenance, and ● Rental of electric boats – short-term rental operation and boat club membership. Sales between segments are accounted for at prices that approximate fair value. No business segments have been aggregated to form the above reportable business segments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 176,028 552,583 — 728,611 Revenue from other segments ​ 206,859 5,059 (211,918) — Segment revenues ​ 382,887 557,642 (211,918) 728,611 Segment gross profit (loss) ​ (40,126) 267,422 (7,213) 220,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (3,868,221) 1 (4,573,228) 2 (5,869) (8,447,318) Research and development ​ 334,731 — — 334,731 Office salaries and benefits ​ 917,109 127,663 — 1,044,772 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended February 28, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 277,975 553,220 — 831,195 Revenue from other segments ​ 258,000 150,109 (408,109) — Segment revenues ​ 535,975 703,329 (408,109) 831,195 Segment gross profit (loss) ​ (134,780) 328,574 (144,470) 49,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (6,377,246) (291,237) (49,932) (6,718,415) Research and development ​ 736,899 — (103,342) 633,557 Office salaries and benefits ​ 719,958 265,495 — 985,453 ​ 1 see note 15 2 see note 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers 294,618 1,420,385 — 1,715,003 Revenue from other segments 225,753 11,967 (237,720) — Segment revenues 520,371 1,432,352 (237,720) 1,715,003 Segment gross profit (loss) (68,869) 738,600 (14,120) 655,611 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax (2,741,581) 3 (4,738,734) 4 1,267 (7,479,048) Research and development 1,319,237 — — 1,319,237 Office salaries and benefits 1,598,103 307,123 — 1,905,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended February 28, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers 526,097 1,704,858 — 2,230,955 Revenue from other segments 479,915 277,220 (757,135) — Segment revenues 1,006,012 1,982,078 (757,135) 2,230,955 Segment gross profit (loss) (578,459) 980,100 (248,041) 153,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax (13,270,298) (126,053) (98,506) (13,494,857) Research and development 4,506,002 — (185,248) 4,320,754 Office salaries and benefits 1,350,575 474,610 — 1,825,185 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets 22,306,514 9,354,635 (10,327,657) 21,333,492 Cash 1,129,578 55,505 — 1,185,083 Additions to property and equipment 42,283 207,000 (2,153) 247,130 Segment liabilities 12,664,094 3,719,232 (1,447,361) 14,935,965 ​ 3 see note 15 4 see note 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets 20,344,002 13,941,898 (10,239,388) 24,046,512 Cash 3,025,565 333,692 — 3,359,257 Additions to property and equipment 194,820 974,533 (185,744) 983,609 Segment liabilities 10,154,031 3,341,868 (1,013,824) 12,482,075 ​ The Company has disclosed the above amounts for each reportable segment because they are regularly reviewed by the Chief Operating Decision Maker.

Additional cash flows informati

Additional cash flows information	6 Months Ended
	Feb. 29, 2024
Additional cash flows information.
Additional cash flows information	23. Additional cash flows information Financing and investing activities not involving cash: ​ ​ ​ ​ ​ ​ ​ Six-month Six-month ​ ​ period ended ​ period ended ​ ​ February 29, 2024 ​ February 28, 2023 ​ ​ $ ​ $ Additions to right-of-use assets 38,283 307,525 Lease termination — 112,707 ​ ​

Commitments

Commitments	6 Months Ended
	Feb. 29, 2024
Commitments
Commitments	24. Commitments In addition to the obligations under leases [note 12] ​ ​ ​ ​ ​ $ 2024 ​ 10,824,529 ​ In October 2021, EB Rental Ltd. has entered into lease arrangement for premises, which has not commenced yet and therefore related right-of-use asset and lease liability are not recorded as at February 29, 2024. The lease offers EB Rental Ltd. 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 29, 2024: ​ ​ ​ ​ ​ $ 2024 ​ 67,850 2025 ​ 164,197 2026 ​ 167,481 2027 and thereafter ​ 447,891 ​

Subsequent events

Subsequent events	6 Months Ended
	Feb. 29, 2024
Subsequent events
Subsequent events	25. Subsequent events During the months of March and April 2024, the Company issued a total of 64,303 Voting Common Shares to third parties in exchange of services provided to the Company. On April 3, 2024, the Company signed a letter of intent with EB Strategies Inc. for the sale of 100% of the share capital of EB Rental, Ltd. for US$1 million on a cash-free debt-free basis. The transaction is expected to close within three weeks from the date of the letter of intent. EB Strategies Inc. is a related party whose controlling shareholder is a member of management of the Company’s boat rental operation. The Company will continue to own and operate its boat rental operations in Ventura, California and Palm Beach, Florida as this transaction is for the sale of its boat rental operation in Newport Beach, California only.

Basis of preparation (Tables)

Basis of preparation (Tables)	6 Months Ended
	Feb. 29, 2024
Basis of preparation and going concern uncertainty
Schedule of significant subsidiaries	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ Proportion of ​ ​ ​ ​ incorporation ​ ownership held Name of subsidiary Principal activity and operation by the Company 7858078 Canada Inc. ​ Owns an electric boat rental center ​ Canada ​ 100 % EB Rental Ltd. ​ Operates an electric boat rental center ​ United States ​ 100 % EB Rental Ventura Corp. ​ Operates an electric boat rental center ​ United States ​ 100 % EB Rental FL Corp. ​ Operates an electric boat rental center United States ​ 100 % EBR Palm Beach Inc. Operates an electric boat rental center United States ​ 100 % Vision Marine Technologies Corp. Operates an electric boat service center United States 100 %
Schedule of exchange rates for the currencies used in the preparation of the consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average exchange rate for the ​ ​ Exchange rate as at: ​ six-month period ended ​ ​ February 29, ​ August 31, ​ February 29, ​ February 28, ​ 2024 2023 2024 2023 US dollar ​ 1.3570 ​ 1.3535 ​ 1.3553 ​ 1.3484

Trade and other receivables (Ta

Trade and other receivables (Tables)	6 Months Ended
	Feb. 29, 2024
Trade and other receivables
Schedule of trade and other receivables	​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Trade receivables ​ 40,732 ​ 59,364 Sales taxes receivable ​ 184,308 ​ 159,114 R&D tax credit receivable ​ 143,500 ​ 143,500 Other receivables ​ 8,163 ​ 188,858 ​ ​ 376,703 ​ 550,836
Schedule of aging analysis of receivables	​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ 0 – 30 ​ — 13,986 31 – 60 ​ 3,174 — 61 – 90 ​ — — 91 and over ​ 37,558 45,378 ​ ​ 40,732 59,364

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Feb. 29, 2024
Inventories
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Raw materials ​ 3,665,531 ​ 1,553,501 Work-in-process ​ 259,498 ​ 369,753 Finished goods ​ 856,736 ​ 522,300 ​ ​ 4,781,765 ​ 2,445,554

Right-of-use assets (Tables)

Right-of-use assets (Tables)	6 Months Ended
	Feb. 29, 2024
Right-of-use assets
Schedule of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computer ​ ​ ​ Boat rental ​ ​ ​ ​ Premises ​ equipment ​ Rolling stock ​ fleet ​ Total ​ $ $ $ $ $ Cost ​ ​ ​ ​ ​ Balance at August 31, 2022 ​ 2,880,039 ​ 3,646 ​ 88,020 ​ 211,459 ​ 3,183,164 Additions ​ 921,498 ​ — ​ — ​ — ​ 921,498 Disposals ​ — ​ — ​ (46,200) ​ (170,298) ​ (216,498) Transferred to property and equipment ​ — (3,646) — ​ (41,161) (44,807) Currency translation ​ 38,254 — 2,100 — 40,354 Balance at August 31, 2023 ​ 3,839,791 — 43,920 — 3,883,711 Additions ​ — — 38,283 — 38,283 Currency translation ​ 1,821 — 958 — 2,779 Balance at February 29, 2024 ​ 3,841,612 — 83,161 — 3,924,773 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ Balance at August 31, 2022 ​ 822,407 2,878 20,315 76,464 922,064 Depreciation ​ 615,937 768 23,934 21,442 662,081 Disposal ​ — (3,646) (13,475) (97,906) (115,027) Balance at August 31, 2023 ​ 1,438,344 — 30,774 — 1,469,118 Depreciation ​ 313,130 — 17,095 — 330,225 Balance at February 29, 2024 ​ 1,751,474 — 47,869 — 1,799,343 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ As at August 31, 2023 ​ 2,401,447 — 13,146 — 2,414,593 As at February 29, 2024 ​ 2,090,138 — 35,292 — 2,125,430 ​

Property and equipment (Tables)

Property and equipment (Tables)	6 Months Ended
	Feb. 29, 2024
Property and equipment.
Schedule of property and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Machinery ​ ​ ​ ​ ​ ​ ​ ​ and ​ Rolling ​ Computer ​ ​ ​ Leasehold ​ Boat ​ ​ ​ ​ equipment ​ stock ​ equipment ​ Moulds ​ improvements ​ rental fleet ​ Total ​ $ $ $ $ $ $ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 333,084 118,664 21,032 911,924 264,356 971,477 2,620,537 Additions 62,409 69,029 565 30,501 97,699 678,599 938,802 Disposals — (136,072) — — — (499,770) (635,842) Transferred from Right-of-use assets — — 3,646 — — 41,161 44,807 Currency translation — (2,347) — — — (70,115) (72,462) Balance at August 31, 2023 395,493 49,274 25,243 942,425 362,055 1,121,352 2,895,842 Additions 29,196 3,087 — — 10,000 204,847 247,130 Disposals — (6,213) — — — — (6,213) Transferred to Inventories 1 — — — — — (153,341) (153,341) Currency translation — — — — — (9) (9) Balance at February 29, 2024 424,689 46,148 25,243 942,425 372,055 1,172,849 2,983,409 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation Balance at August 31, 2022 197,804 29,999 12,803 73,028 44,505 43,416 401,555 Depreciation 31,495 25,875 4,485 37,696 69,332 72,163 241,046 Disposal — (21,864) — — — (38,821) (60,685) Balance at August 31, 2023 229,299 34,010 17,288 110,724 113,837 76,758 581,916 Depreciation 17,628 2,193 2,038 18,846 43,398 45,923 130,026 Disposals — (3,655) — — — — (3,655) Transferred to Inventories 1 — — — — — (21,177) (21,177) Balance at February 29, 2024 246,927 32,548 19,326 129,570 157,235 101,504 687,110 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount As at August 31, 2023 166,194 15,264 7,955 831,701 248,218 1,044,594 2,313,926 As at February 29, 2024 177,762 13,600 5,917 812,855 214,820 1,071,345 2,296,299 ​ 1

Intangible assets (Tables)

Intangible assets (Tables)	6 Months Ended
	Feb. 29, 2024
Intangible assets
Summary of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ Trade ​ ​ ​ ​ ​ property ​ Software ​ name ​ Backlog ​ Website ​ Total ​ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at August 31, 2022 1,035,070 101,775 98,294 79,550 18,858 1,333,547 Currency translation — — 6,057 4,556 1,211 11,824 Balance at August 31, 2023 1,035,070 101,775 104,351 84,106 20,069 1,345,371 Currency translation — — (657) (510) (131) (1,298) Balance at February 29, 2024 1,035,070 101,775 103,694 83,596 19,938 1,344,073 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation Balance at August 31, 2022 159,089 24,700 14,439 19,830 2,819 220,877 Depreciation 103,508 12,920 20,426 16,911 4,005 157,770 Balance at August 31, 2023 262,597 37,620 34,865 36,741 6,824 378,647 Depreciation 51,753 7,270 10,478 8,510 2,015 80,026 Balance at February 29, 2024 314,350 44,890 45,343 45,251 8,839 458,673 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount As at August 31, 2023 772,473 64,155 69,486 47,365 13,245 966,724 As at February 29, 2024 720,720 56,885 58,351 38,345 11,099 885,400

Trade and other payables (Table

Trade and other payables (Tables)	6 Months Ended
	Feb. 29, 2024
Trade and other payables.
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Trade payable 1,337,058 1,107,310 Sales taxes payable 41,965 62,398 Salaries and vacation payable 692,521 585,192 ​ 2,071,544 1,754,900

Contract liabilities (Tables)

Contract liabilities (Tables)	6 Months Ended
	Feb. 29, 2024
Contract liabilities
Schedule of contract liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Opening balance 1,815,731 1,029,318 Payments received in advance 404,563 3,330,235 Boat sale deposits — 151,572 Payments reimbursed — (8,131) Transferred to revenues (460,314) (2,718,943) Currency translation 2,652 31,680 Closing balance 1,762,632 1,815,731 ​

Lease liabilities (Tables)

Lease liabilities (Tables)	6 Months Ended
	Feb. 29, 2024
Lease liabilities
Summary of lease liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ Opening balance 2,641,794 2,415,549 Additions 38,283 921,498 Repayment (340,880) (726,893) Interest on lease liability 70,243 139,132 Lease termination — (151,800) Currency translation 3,222 44,308 Closing balance 2,412,662 2,641,794 ​ ​ ​ ​ ​ Current 714,842 647,638 Non-current 1,697,820 1,994,156 ​ 2,412,662 2,641,794
Future undiscounted lease payments	​ ​ ​ ​ ​ $ Less than one year 828,798 One to five years 1,781,836 ​ 2,610,634

Long-term debt (Tables)

Long-term debt (Tables)	6 Months Ended
	Feb. 29, 2024
Long-term debt.
Summary of long term debt	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ $ $ The government assistance loan is non-interest bearing until December 31, 2023 at which time the loan bears interest at 5% per annum. The loan must be repaid by December 31, 2025. — 40,000 ​ ​ ​ ​ ​ Commercial term loan bearing interest at 10.70% per annum payable in monthly installments of $667 until December 2028. 39,333 — ​ ​ ​ ​ ​ Term loans, bearing interest at rates varying 9.44% and 13.87% per annum payable in monthly installments of $13,026 ending December 2026. 349,577 265,329 ​ 388,910 305,329 Current portion of long-term debt 165,948 271,546 ​ 222,962 33,783

Derivative liabilities (Tables)

Derivative liabilities (Tables)	6 Months Ended
	Feb. 29, 2024
Fair value measurement and hierarchy
Schedule of assumptions used to determine the fair value of the warrant	The table below lists the assumptions used to determine the fair value of these warrant grants or issuances. Volatility is based on the historical share price volatility of the Company and other public companies with characteristics similar to the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Issuance date $ $ % % [years] January 19, 2023 5.63 5.63 100 3.4 3 February 17, 2023 5.67 6.05 100 4.0 3 April 19, 2023 5.64 5.55 75 3.9 3 June 16, 2023 5.35 5.50 75 4.1 3 August 2, 2023 5.37 5.10 75 4.8 3 September 20, 2023 5.44 4.40 75 4.8 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ Revised ​ warrants ​ remaining ​ ​ Exercise price ​ outstanding ​ contractual life Issuance date $ # [years] January 19, 2023 1.43 554,253 1.89 February 17, 2023 1.43 475,059 1.97 April 19, 2023 1.43 381,293 2.14 June 16, 2023 1.43 493,828 2.30 August 2, 2023 1.43 493,832 2.42 September 20, 2023 1.43 372,870 2.56
Schedule of movements in derivative financial liabilities	The table below summarizes the movement in the derivative liabilities related to the warrants issued to common shareholders during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance 5,558,822 — Additions 765,733 7,614,510 Effect on fair value of repricing of warrants 1,871,499 — Change in estimate of fair value (7,090,926) (2,055,688) Closing balance 1,105,128 5,558,822
Series A Convertible Preferred Shares
Fair value measurement and hierarchy
Schedule of movements in derivative financial liabilities	The table below summarizes the movement in the derivative liabilities related to the Series A Convertible Preferred Shares including the related warrants and option to purchase additional Series A Convertible Preferred Shares and related warrants during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance — — Fair value at issuance 11,996,301 — Deferred loss at issuance (7,960,276) — Revaluation at the end of the period (3,224,782) — Amortization of the deferred loss during the period 1,824,824 — Conversion to Voting Common Shares during the period [ Note 17 (94,622) — Closing balance 2,541,445 —
Series B Convertible Preferred Shares
Fair value measurement and hierarchy
Schedule of movements in derivative financial liabilities	The table below summarizes the movement in the derivative liabilities related to the Series B Convertible Preferred Shares including the related warrants during the six-month period ended February 29, 2024 and the fiscal year ended August 31, 2023: ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Opening balance — — Fair value at issuance 6,272,022 — Deferred loss at issuance (2,227,122) — Revaluation at the end of the period 80,202 — Amortization of the deferred loss during the period 221,255 — Closing balance 4,346,357 —

Related party transactions (Tab

Related party transactions (Tables)	6 Months Ended
	Feb. 29, 2024
Related party transactions
Summarizes the related party transactions and the amounts due to and from related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month month month month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Office salaries and benefits ​ ​ ​ ​ Montana Strategies Inc. — 4,213 — 23,733 ​ ​ ​ ​ ​ ​ ​ ​ ​ Research and Development Mac Engineering, SASU 788,870 77,731 1,580,776 127,695 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month month month month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Wages ​ 494,216 ​ 527,509 ​ 996,231 ​ 1,149,372 Share-based payments – capital stock 50,038 — 116,626 — Share-based payments – stock options 61,552 3,435 83,106 67,726 ​ 605,806 530,944 1,195,963 1,217,098 ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Share subscription receivable 9335-1427 Quebec Inc. 25,000 25,000 Alexandre Mongeon 14,200 14,200 ​ 39,200 39,200 ​ ​ ​ ​ ​ Current advances to related party Alexandre Mongeon 19,071 20,135 ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Amounts due to related parties included in trade and other payable Alexandre Mongeon 15,077 19,384 Patrick Bobby 10,770 13,847 Kulwant Sandher 6,731 8,654 Xavier Montagne 8,131 10,454 California Electric Boat Company Inc. 48,014 — Mac Engineering, SASU 2,021 9,935 ​ 90,744 62,274

Capital stock (Tables)

Capital stock (Tables)	6 Months Ended
	Feb. 29, 2024
Capital stock.
Summary of issued capital	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ February 29, ​ August 31, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ 12,098,221 Voting Common Shares [August 31, 2023 – 11,172,800] 52,268,158 50,395,717

Share-based payments (Tables)

Share-based payments (Tables)	6 Months Ended
	Feb. 29, 2024
Share-based payments
Summary of share based payments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Grant date ​ $ ​ $ ​ % % [years] May 27, 2020 ​ 3.70 3.70 ​ 84 0.4 5 May 27, 2020 ​ 2.78 3.70 ​ 84 0.4 5 October 23, 2020 ​ 3.70 3.70 ​ 97 0.4 5 November 24, 2020 ​ 16.29 13.03 ​ 101 0.4 5 November 24, 2020 ​ 5.68 5.72 ​ 75 3.6 4 February 23, 2021 ​ 15.75 15.05 ​ 103 0.6 5 May 14, 2021 ​ 5.68 5.72 ​ 75 3.6 3 July 14, 2021 ​ 9.25 9.01 ​ 105 0.7 5 September 21, 2021 ​ 8.85 8.58 ​ 106 0.9 5 January 22, 2022 ​ 5.65 5.52 ​ 107 1.5 5 November 30, 2022 ​ 6.09 6.09 ​ 107 3.1 5 December 1,2022 ​ 5.83 5.83 ​ 107 3.0 5 March 22, 2023 ​ 5.76 5.14 ​ 75 3.6 2 March 25, 2023 ​ 5.77 5.23 ​ 75 3.6 3 March 25, 2023 ​ 5.77 5.23 ​ 75 3.6 4 April 20, 2023 ​ 5.79 5.27 ​ 75 3.6 5 December 29, 2023 ​ 4.54 1.48 ​ 76 3.1 5 January 26, 2024 ​ 1.03 1.08 ​ 76 3.5 5
Summary of number options granted outstanding	​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ average ​ ​ Number of ​ exercise ​ ​ options ​ price ​ ​ # ​ $ Balance at August 31, 2022 1,706,418 ​ 9.45 Granted 88,500 ​ 5.80 Forfeited (268,158) ​ 9.65 Stock options modifications (370,000) ​ 5.78 Exercised (57,219) ​ 2.86 Balance at August 31, 2023 1,099,541 ​ 5.22 Granted 100,000 ​ 2.78 Forfeited (14,409) ​ 5.22 Balance at February 29, 2024 1,185,132 ​ 5.02
Summary of range of number of options outstanding and weighted average remaining contractual life	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Exercise price ​ options ​ Weighted average ​ Weighted average ​ Exercisable range ​ outstanding ​ grant date fair value ​ remaining contractual life ​ options $ ​ # ​ $ [years] ​ # 1.03 - 3.70 ​ 495,132 ​ 2.29 ​ 1.62 450,287 4.54 – 5.83 ​ 625,000 ​ 2.74 ​ 4.06 545,874 6.09 – 8.85 ​ 30,000 ​ 6.26 ​ 7.08 26,667 16.29 ​ 35,000 ​ 9.33 ​ 6.75 35,000
Schedule of warrants	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of warrants Weighted average remaining ​ ​ Exercise price ​ outstanding ​ contractual life Grant date ​ $ ​ # ​ [years] November 23, 2020 ​ 16.53 ​ 151,800 1.73 August 5, 2022 ​ 10.30 ​ 50,000 1.43 December 21, 2023 ​ 1.41 ​ 138,095 4.81 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Grant date ​ $ ​ $ ​ % % [years] November 23, 2020 ​ 16.53 ​ 13.03 ​ 100 ​ 0.4 ​ 5 August 5, 2022 ​ 10.30 7.20 ​ 100 2.9 3 December 21, 2023 ​ 1.41 1.83 ​ 76 4.0 5 ​

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Feb. 29, 2024
Revenues
Summary of revenues by product type and geographical distribution of revenues from external customers	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- Three- Six- Six- ​ ​ month ​ month ​ month ​ month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ $ ​ $ Sales of boats ​ 170,614 ​ 193,956 ​ 258,707 ​ 351,241 Sales of parts and boat maintenance ​ 5,414 84,020 35,911 174,856 Boat rental and boat club membership revenue ​ 552,583 553,219 1,420,385 1,704,858 ​ ​ 728,611 831,195 1,715,003 2,230,955

Net finance expense (income) (T

Net finance expense (income) (Tables)	6 Months Ended
	Feb. 29, 2024
Net finance expense (income)
Schedule of net finance expense (income)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three- ​ Three- ​ Six- ​ Six- ​ ​ month ​ month ​ month ​ month ​ ​ period ​ period ​ period ​ period ​ ​ ended ​ ended ​ ended ​ ended ​ ​ February 29, ​ February 28, ​ February 29, ​ February 28, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 ​ ​ $ $ $ $ Interest and bank charges ​ 78,927 ​ 70,795 ​ 143,490 ​ 127,135 Interest income ​ (21,254) — (48,300) (311,667) Loss on Debentures [note 5] ​ — 2,637,000 — 2,746,667 Transaction costs [note 15] ​ 1,710,863 437,897 1,860,335 437,897 Gain on derivative liabilities [note 15] ​ (906,760) (61,442) (6,317,928) (61,442) ​ ​ 861,776 3,084,250 (4,362,403) 2,938,590 ​

Segment information (Tables)

Segment information (Tables)	6 Months Ended
	Feb. 29, 2024
Segment information
Summary of reportable business segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 176,028 552,583 — 728,611 Revenue from other segments ​ 206,859 5,059 (211,918) — Segment revenues ​ 382,887 557,642 (211,918) 728,611 Segment gross profit (loss) ​ (40,126) 267,422 (7,213) 220,083 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (3,868,221) 1 (4,573,228) 2 (5,869) (8,447,318) Research and development ​ 334,731 — — 334,731 Office salaries and benefits ​ 917,109 127,663 — 1,044,772 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three-month period ended February 28, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 277,975 553,220 — 831,195 Revenue from other segments ​ 258,000 150,109 (408,109) — Segment revenues ​ 535,975 703,329 (408,109) 831,195 Segment gross profit (loss) ​ (134,780) 328,574 (144,470) 49,324 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (6,377,246) (291,237) (49,932) (6,718,415) Research and development ​ 736,899 — (103,342) 633,557 Office salaries and benefits ​ 719,958 265,495 — 985,453 ​ 1 see note 15 2 see note 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers 294,618 1,420,385 — 1,715,003 Revenue from other segments 225,753 11,967 (237,720) — Segment revenues 520,371 1,432,352 (237,720) 1,715,003 Segment gross profit (loss) (68,869) 738,600 (14,120) 655,611 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax (2,741,581) 3 (4,738,734) 4 1,267 (7,479,048) Research and development 1,319,237 — — 1,319,237 Office salaries and benefits 1,598,103 307,123 — 1,905,226 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six-month period ended February 28, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers 526,097 1,704,858 — 2,230,955 Revenue from other segments 479,915 277,220 (757,135) — Segment revenues 1,006,012 1,982,078 (757,135) 2,230,955 Segment gross profit (loss) (578,459) 980,100 (248,041) 153,600 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax (13,270,298) (126,053) (98,506) (13,494,857) Research and development 4,506,002 — (185,248) 4,320,754 Office salaries and benefits 1,350,575 474,610 — 1,825,185 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at February 29, 2024 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets 22,306,514 9,354,635 (10,327,657) 21,333,492 Cash 1,129,578 55,505 — 1,185,083 Additions to property and equipment 42,283 207,000 (2,153) 247,130 Segment liabilities 12,664,094 3,719,232 (1,447,361) 14,935,965 ​ 3 see note 15 4 see note 9 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter- ​ ​ ​ ​ electric ​ electric ​ segment ​ ​ ​ ​ boats ​ boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets 20,344,002 13,941,898 (10,239,388) 24,046,512 Cash 3,025,565 333,692 — 3,359,257 Additions to property and equipment 194,820 974,533 (185,744) 983,609 Segment liabilities 10,154,031 3,341,868 (1,013,824) 12,482,075

Additional cash flows informa_2

Additional cash flows information (Tables)	6 Months Ended
	Feb. 29, 2024
Additional cash flows information.
Summary of financing and investing activities not involving cash	​ ​ ​ ​ ​ ​ ​ Six-month Six-month ​ ​ period ended ​ period ended ​ ​ February 29, 2024 ​ February 28, 2023 ​ ​ $ ​ $ Additions to right-of-use assets 38,283 307,525 Lease termination — 112,707

Commitments (Tables)

Commitments (Tables)	6 Months Ended
	Feb. 29, 2024
Commitments
Summary of amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	​ ​ ​ ​ ​ $ 2024 ​ 10,824,529
Summary of undiscounted lease commitments	​ ​ ​ ​ ​ $ 2024 ​ 67,850 2025 ​ 164,197 2026 ​ 167,481 2027 and thereafter ​ 447,891 ​

Basis of preparation (Details)

Basis of preparation (Details) - CAD ($)	6 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Disclosure of subsidiaries [line items]
Cash	$ 1,185,083	$ 3,359,257
Working capital	5,271,607
Deficit	(58,930,757)	$ (51,548,737)
Issuance of Voting Common Shares and Warrants [note 17]	$ 8,326,492
7858078 Canada Inc.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%
EB Rental Ltd.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%
EB Rental Ventura Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%
EB Rental FL Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%
EBR Palm Beach Inc.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%
Vision Marine Technologies Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership held by the Company	100%

Basis of preparation - Exchange

Basis of preparation - Exchange rates for the currencies (Details)	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Foreign exchange rates [abstract]
Exchange rate as at end of year	1.3570		1.3535
Average exchange rate for year ended	1.3553	1.3484

Trade and other receivables (De

Trade and other receivables (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 40,732	$ 59,364
Sales taxes receivable	184,308	159,114
R&D tax credit receivable	143,500	143,500
Other receivables	8,163	188,858
Total trade and other current receivables	376,703	550,836
Past Due But Not Impaired
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 40,732	$ 59,364

Trade and other receivables - A

Trade and other receivables - Aging analysis (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 40,732	$ 59,364
0 - 30
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	3,174
31-60
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables		13,986
91 and over
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 37,558	$ 45,378

Trade and other receivables -_2

Trade and other receivables - Allowance for expected credit losses (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Trade receivables | Allowance for expected credit losses
Trade and other receivables
Change during the period	$ 0	$ 0

Inventories (Details)

Inventories (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Inventories
Raw materials	$ 3,665,531	$ 1,553,501
Work-in-process	259,498	369,753
Finished goods	856,736	522,300
Total current inventories	$ 4,781,765	$ 2,445,554

Inventories - Additional Inform

Inventories - Additional Information (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Inventories
Inventories recognized as an expense	$ 508,528	$ 781,871	$ 1,059,392	$ 1,857,355
Cost of sales including depreciation	$ 53,497	$ 139,199	$ 126,126	$ 314,125

Investment in Limestone- Additi

Investment in Limestone- Additional Information (Details)		3 Months Ended		6 Months Ended		12 Months Ended
	May 14, 2021 CAD ($) item	Feb. 29, 2024 CAD ($) $ / shares	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 CAD ($) $ / shares	Feb. 28, 2023 CAD ($)	Aug. 31, 2023 CAD ($)	Jul. 18, 2023 $ / shares
Investment in Limestone
Purchase of senior unsecured subordinated convertible debentures | item	3,400
Aggregate amount of debentures | $	$ 3,400,000
Borrowings interest rate	10%
Debt Term	36 months
Conversion price | $ / shares		$ 0.36		$ 0.36
Closing date of issuance of debentures				120 days
Days prior to end of term				30 days
Share price | $ / shares		$ 0.50		$ 0.50
Common Share for consecutive trading days				20 days
Period for conversion				30 days
Impairment loss on debentures | $						$ 2,637,000
Net income (loss) for change in the fair value of the Debentures | $		$ 0	$ 2,637,000	$ 0	$ 2,746,667	$ 0
Conversion price of debenture into common shares | $ / shares							$ 0.071

Right-of-use assets (Details)

Right-of-use assets (Details) - CAD ($)	6 Months Ended		12 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023
Right-of-use assets
Balance at beginning of the year	$ 2,414,593
Additions	38,283	$ 307,525
Balance at end of the year	2,125,430		$ 2,414,593
Premises
Right-of-use assets
Balance at beginning of the year	2,401,447
Balance at end of the year	2,090,138		2,401,447
Rolling stock
Right-of-use assets
Balance at beginning of the year	13,146
Balance at end of the year	35,292		13,146
Cost
Right-of-use assets
Balance at beginning of the year	3,883,711	3,183,164	3,183,164
Additions	38,283		921,498
Disposals			(216,498)
Transferred to Property and equipment			(44,807)
Currency translation	2,779		40,354
Balance at end of the year	3,924,773		3,883,711
Cost | Premises
Right-of-use assets
Balance at beginning of the year	3,839,791	2,880,039	2,880,039
Additions			921,498
Currency translation	1,821		38,254
Balance at end of the year	3,841,612		3,839,791
Cost | Computer equipment
Right-of-use assets
Balance at beginning of the year		3,646	3,646
Transferred to Property and equipment			(3,646)
Cost | Rolling stock
Right-of-use assets
Balance at beginning of the year	43,920	88,020	88,020
Additions	38,283
Disposals			(46,200)
Currency translation	958		2,100
Balance at end of the year	83,161		43,920
Cost | Boat rental fleet
Right-of-use assets
Balance at beginning of the year		211,459	211,459
Disposals			(170,298)
Transferred to Property and equipment			(41,161)
Accumulated depreciation
Right-of-use assets
Balance at beginning of the year	(1,469,118)	(922,064)	(922,064)
Depreciation	330,225		662,081
Disposals			(115,027)
Balance at end of the year	(1,799,343)		(1,469,118)
Accumulated depreciation | Premises
Right-of-use assets
Balance at beginning of the year	(1,438,344)	(822,407)	(822,407)
Depreciation	313,130		615,937
Balance at end of the year	(1,751,474)		(1,438,344)
Accumulated depreciation | Computer equipment
Right-of-use assets
Balance at beginning of the year		(2,878)	(2,878)
Depreciation			768
Disposals			(3,646)
Accumulated depreciation | Rolling stock
Right-of-use assets
Balance at beginning of the year	(30,774)	(20,315)	(20,315)
Depreciation	17,095		23,934
Disposals			(13,475)
Balance at end of the year	$ (47,869)		(30,774)
Accumulated depreciation | Boat rental fleet
Right-of-use assets
Balance at beginning of the year		$ (76,464)	(76,464)
Depreciation			21,442
Disposals			$ (97,906)

Property and equipment (Details

Property and equipment (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Property and equipment
Beginning balance	$ 2,313,926
Ending balance	2,296,299	$ 2,313,926
Cost
Property and equipment
Beginning balance	2,895,842	2,620,537
Additions	247,130	938,802
Disposals	(6,213)	(635,842)
Transferred from Right-of-use assets	(153,341)	44,807
Currency translation	(9)	(72,462)
Ending balance	2,983,409	2,895,842
Accumulated depreciation
Property and equipment
Beginning balance	(581,916)	(401,555)
Depreciation	130,026	241,046
Disposals	(3,655)	(60,685)
Transferred from Right-of-use assets	(21,177)
Ending balance	(687,110)	(581,916)
Machinery and equipment
Property and equipment
Beginning balance	166,194
Ending balance	177,762	166,194
Machinery and equipment | Cost
Property and equipment
Beginning balance	395,493	333,084
Additions	29,196	62,409
Ending balance	424,689	395,493
Machinery and equipment | Accumulated depreciation
Property and equipment
Beginning balance	(229,299)	(197,804)
Depreciation	17,628	31,495
Ending balance	(246,927)	(229,299)
Rolling stock
Property and equipment
Beginning balance	15,264
Ending balance	13,600	15,264
Rolling stock | Cost
Property and equipment
Beginning balance	49,274	118,664
Additions	3,087	69,029
Disposals	(6,213)	(136,072)
Currency translation		(2,347)
Ending balance	46,148	49,274
Rolling stock | Accumulated depreciation
Property and equipment
Beginning balance	(34,010)	(29,999)
Depreciation	2,193	25,875
Disposals	(3,655)	(21,864)
Ending balance	(32,548)	(34,010)
Computer equipment
Property and equipment
Beginning balance	7,955
Ending balance	5,917	7,955
Computer equipment | Cost
Property and equipment
Beginning balance	25,243	21,032
Additions		565
Transferred from Right-of-use assets		3,646
Ending balance	25,243	25,243
Computer equipment | Accumulated depreciation
Property and equipment
Beginning balance	(17,288)	(12,803)
Depreciation	2,038	4,485
Ending balance	(19,326)	(17,288)
Moulds
Property and equipment
Beginning balance	831,701
Ending balance	812,855	831,701
Moulds | Cost
Property and equipment
Beginning balance	942,425	911,924
Additions		30,501
Ending balance	942,425	942,425
Moulds | Accumulated depreciation
Property and equipment
Beginning balance	(110,724)	(73,028)
Depreciation	18,846	37,696
Ending balance	(129,570)	(110,724)
Leasehold improvements
Property and equipment
Beginning balance	248,218
Ending balance	214,820	248,218
Leasehold improvements | Cost
Property and equipment
Beginning balance	362,055	264,356
Additions	10,000	97,699
Ending balance	372,055	362,055
Leasehold improvements | Accumulated depreciation
Property and equipment
Beginning balance	(113,837)	(44,505)
Depreciation	43,398	69,332
Ending balance	(157,235)	(113,837)
Boat rental fleet
Property and equipment
Beginning balance	1,044,594
Ending balance	1,071,345	1,044,594
Boat rental fleet | Cost
Property and equipment
Beginning balance	1,121,352	971,477
Additions	204,847	678,599
Disposals		(499,770)
Transferred from Right-of-use assets	(153,341)	41,161
Currency translation	(9)	(70,115)
Ending balance	1,172,849	1,121,352
Boat rental fleet | Accumulated depreciation
Property and equipment
Beginning balance	(76,758)	(43,416)
Depreciation	45,923	72,163
Disposals		(38,821)
Transferred from Right-of-use assets	(21,177)
Ending balance	$ (101,504)	$ (76,758)

Intangible assets (Details)

Intangible assets (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	$ 966,724
Balance at the end	885,400	$ 966,724
Intellectual property
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	772,473
Balance at the end	720,720	772,473
Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	64,155
Balance at the end	56,885	64,155
Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	69,486
Balance at the end	58,351	69,486
Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	47,365
Balance at the end	38,345	47,365
Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	13,245
Balance at the end	11,099	13,245
Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	1,345,371	1,333,547
Currency translation	(1,298)	11,824
Balance at the end	1,344,073	1,345,371
Cost | Intellectual property
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	1,035,070	1,035,070
Balance at the end	1,035,070	1,035,070
Cost | Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	101,775	101,775
Balance at the end	101,775	101,775
Cost | Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	104,351	98,294
Currency translation	(657)	6,057
Balance at the end	103,694	104,351
Cost | Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	84,106	79,550
Currency translation	(510)	4,556
Balance at the end	83,596	84,106
Cost | Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	20,069	18,858
Currency translation	(131)	1,211
Balance at the end	19,938	20,069
Accumulated depreciation
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(378,647)	(220,877)
Depreciation	80,026	157,770
Balance at the end	(458,673)	(378,647)
Accumulated depreciation | Intellectual property
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(262,597)	(159,089)
Depreciation	51,753	103,508
Balance at the end	(314,350)	(262,597)
Accumulated depreciation | Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(37,620)	(24,700)
Depreciation	7,270	12,920
Balance at the end	(44,890)	(37,620)
Accumulated depreciation | Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(34,865)	(14,439)
Depreciation	10,478	20,426
Balance at the end	(45,343)	(34,865)
Accumulated depreciation | Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(36,741)	(19,830)
Depreciation	8,510	16,911
Balance at the end	(45,251)	(36,741)
Accumulated depreciation | Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(6,824)	(2,819)
Depreciation	2,015	4,005
Balance at the end	$ (8,839)	$ (6,824)

Intangible assets - Additional

Intangible assets - Additional Information (Details)	Feb. 29, 2024 $ / shares
Intangible assets
Share price	$ 0.50

Goodwill (Details)

Goodwill (Details)	1 Months Ended		6 Months Ended
	Feb. 29, 2024 CAD ($)	Nov. 30, 2023 CAD ($)	Feb. 29, 2024 CAD ($)	Feb. 29, 2024 USD ($)
Disclosure of detailed information about business combination [line items]
Post tax discount rate				28%
Long term growth rate				2%
2024
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				12.70%
2025
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 126,000
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				15.80%
2026
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 346,800
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				19.30%
2027
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 594,259
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				19.90%
2028
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 229,820
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				20.70%
2029
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 234,310
Expected earning sbefore interest, taxes, Depreciation and amortization percentage				21.50%
2029
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 238,876
Boat rental operation CGU
Disclosure of detailed information about business combination [line items]
Goodwill	$ 5,431,975	$ 9,714,558
Goodwill impairment loss			$ 4,274,000
Expected annual capital expenditure				20%
Boat rental operation CGU | 2024
Disclosure of detailed information about business combination [line items]
Annual capital expenditure				$ 56,500

Credit facility (Details)

Credit facility (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Credit facility
Authorized line of credit	$ 250,000
Spread on variable interest rate	1%
Amount drawn on line of credit	$ 120,000	$ 155,000
Secured First Ranking Movable Hypothec
Credit facility
Secured first ranking movable hypothec on accounts payable and inventory	$ 750,000

Trade and other payables (Detai

Trade and other payables (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Trade and other payables.
Trade payable	$ 1,337,058	$ 1,107,310
Sales taxes payable	41,965	62,398
Salaries, vacation and other employees benefits payables	692,521	585,192
Trade and other payables	$ 2,071,544	$ 1,754,900

Contract liabilities (Details)

Contract liabilities (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Contract liabilities
Opening balance	$ 1,815,731	$ 1,029,318
Payments received in advance	404,563	3,330,235
Boat sale deposits		151,572
Payments reimbursed		(8,131)
Transferred to revenues	(460,314)	(2,718,943)
Currency translation	2,652	31,680
Closing balance	$ 1,762,632	$ 1,815,731

Lease liabilities (Details)

Lease liabilities (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Lease liabilities
Opening balance	$ 2,641,794	$ 2,415,549
Additions	38,283	921,498
Repayment	(340,880)	(726,893)
Interest on lease liability	70,243	139,132
Lease termination		(151,800)
Currency translation	3,222	44,308
Closing balance	2,412,662	2,641,794
Current	714,842	647,638
Non-current	$ 1,697,820	$ 1,994,156

Lease liabilities - Undiscounte

Lease liabilities - Undiscounted lease payments (Details) - Feb. 29, 2024	CAD ($)	USD ($)
Lease liabilities
Undiscounted lease payments		$ 2,610,634
Less than one year
Lease liabilities
Undiscounted lease payments	$ 828,798
One year to five years
Lease liabilities
Undiscounted lease payments	$ 1,781,836

Long-term debt (Details)

Long-term debt (Details) - CAD ($)	6 Months Ended
	Feb. 29, 2024	Aug. 31, 2023	May 14, 2021
Long-term debt
Total borrowings	$ 388,910	$ 305,329
Current portion of long-term debt	165,948	271,546
Long-term debt, noncurrent	$ 222,962	33,783
Borrowings interest rate			10%
The government assistance loan maturing by December 31, 2025
Long-term debt
Total borrowings		40,000
Borrowings interest rate	5%
Commercial term loan maturing December 2028
Long-term debt
Total borrowings	$ 39,333
Borrowings interest rate	10.70%
Monthly instalments	$ 667
Term loans maturing December 2026
Long-term debt
Total borrowings	349,577	$ 265,329
Monthly instalments	$ 13,026
Term loans maturing December 2026 | Minimum.
Long-term debt
Borrowings interest rate	9.44%
Term loans maturing December 2026 | Maximum.
Long-term debt
Borrowings interest rate	13.87%

Derivative liabilities - Additi

Derivative liabilities - Additional information (Details)										6 Months Ended
	Dec. 21, 2023 $ / shares shares	Sep. 20, 2023 $ / shares shares	Aug. 02, 2023 $ / shares shares	Jun. 16, 2023 $ / shares shares	Apr. 19, 2023 $ / shares shares	Feb. 17, 2023 $ / shares shares	Jan. 19, 2023 $ / shares shares	Aug. 05, 2022 $ / shares shares	Nov. 23, 2020 $ / shares shares	Feb. 29, 2024 CAD ($) shares	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 $ / shares	Feb. 29, 2024 CAD ($)	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares shares	Dec. 13, 2023 $ / shares shares	Sep. 20, 2023 $ / shares	Aug. 31, 2023 CAD ($)	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares
Fair value measurement and hierarchy
Number of warrants to purchase voting common shares issued | shares	138,095	372,870	493,832	493,828	381,293	475,059	554,253	50,000	151,800	372,870
Warrants term	5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years	3 years
Exercise price of warrants | (per share)	$ 1.05	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 8	$ 12.50			$ 4.05		$ (1.41)	$ 1.05	$ 1.43	$ 5.44		$ 5.37	$ 5.35	$ 5.64	$ 5.67	$ 5.63	$ (10.30)	$ (16.53)
Agreed to reduce warrant issued | shares															2,771,135	2,771,135
Derivative financial liabilities | $													$ 1,105,128					$ 5,558,822
Share issue related cost | $										$ 149,472	$ 437,897

Derivative liabilities - Fair v

Derivative liabilities - Fair value of option grants relating to warrants (Details)	6 Months Ended
	Feb. 29, 2024 Y $ / shares $ / shares shares	Feb. 29, 2024 $ / shares shares	Dec. 21, 2023 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares	Nov. 23, 2020 $ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of warrants | (per share)	$ 4.05		$ 1.05	$ (1.41)	$ 1.05	$ 1.43	$ 4.21	$ 5.44	$ 4.21	$ 5.37	$ 4.21	$ 5.35	$ 4.21	$ 5.64	$ 4.21	$ 5.67	$ 4.21	$ 5.63	$ 8	$ (10.30)	$ 12.50	$ (16.53)
November 23, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Market price of warrant options	$ 13.03
Expected volatility (%)	100%
Risk-free interest rate (%)	0.40%
Expected life (years) | Y	5
Exercise price of warrants		$ 16.53
Number of warrants outstanding | shares	151,800	151,800
Weighted average remaining contractual life (years)	1 year 8 months 23 days
August 5, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Market price of warrant options	$ 7.20
Expected volatility (%)	100%
Risk-free interest rate (%)	2.90%
Expected life (years) | Y	3
Exercise price of warrants		$ 10.30
Number of warrants outstanding | shares	50,000	50,000
Weighted average remaining contractual life (years)	1 year 5 months 4 days
January 19, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.63
Market price of warrant options	$ 5.63
Expected volatility (%)	100%
Risk-free interest rate (%)	3.40%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	554,253	554,253
Weighted average remaining contractual life (years)	1 year 10 months 20 days
February 17, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.67
Market price of warrant options	$ 6.05
Expected volatility (%)	100%
Risk-free interest rate (%)	4%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	475,059	475,059
Weighted average remaining contractual life (years)	1 year 11 months 19 days
April 19, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.64
Market price of warrant options	$ 5.55
Expected volatility (%)	75%
Risk-free interest rate (%)	3.90%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	381,293	381,293
Weighted average remaining contractual life (years)	2 years 1 month 20 days
June 16, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.35
Market price of warrant options	$ 5.50
Expected volatility (%)	75%
Risk-free interest rate (%)	4.10%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	493,828	493,828
Weighted average remaining contractual life (years)	2 years 3 months 18 days
August 2, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.37
Market price of warrant options	$ 5.10
Expected volatility (%)	75%
Risk-free interest rate (%)	4.80%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	493,832	493,832
Weighted average remaining contractual life (years)	2 years 5 months 1 day
September 20, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Original Exercise price		$ 5.44
Market price of warrant options	$ 4.40
Expected volatility (%)	75%
Risk-free interest rate (%)	4.80%
Expected life (years) | Y	3
Exercise price of warrants		$ 1.43
Number of warrants outstanding | shares	372,870	372,870
Weighted average remaining contractual life (years)	2 years 6 months 21 days
December 21, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Market price of warrant options	$ 1.83
Expected volatility (%)	76%
Risk-free interest rate (%)	4%
Expected life (years) | Y	5
Exercise price of warrants		$ 1.41
Number of warrants outstanding | shares	138,095	138,095
Weighted average remaining contractual life (years)	4 years 9 months 21 days

Derivative liabilities - Moveme

Derivative liabilities - Movements related to the warrants (Details) - CAD ($)	6 Months Ended	12 Months Ended
	Feb. 29, 2024	Aug. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening balance	$ 5,558,822
Closing balance	7,992,930	$ 5,558,822
Warrant issued
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening balance	5,558,822
Additions	765,733	7,614,510
Effect on fair value of repricing of warrants	1,871,499
Change in estimate of fair value	(7,090,926)	(2,055,688)
Closing balance	$ 1,105,128	$ 5,558,822

Derivative Liabilities - Series

Derivative Liabilities - Series A & B Convertible Preferred Shares (Details)																3 Months Ended				6 Months Ended
	Feb. 23, 2024 CAD ($) shares	Feb. 08, 2024 CAD ($) shares	Jan. 17, 2024 CAD ($) shares	Jan. 17, 2024 USD ($) shares	Dec. 21, 2023 CAD ($) shares	Dec. 21, 2023 USD ($) $ / shares shares	Dec. 13, 2023 $ / shares shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares	Feb. 29, 2024 CAD ($) shares	Feb. 29, 2024 USD ($) $ / shares shares	Feb. 28, 2023 CAD ($)	Feb. 28, 2023 USD ($)	Feb. 29, 2024 CAD ($) shares	Feb. 29, 2024 USD ($) $ / shares shares	Feb. 28, 2023 CAD ($)	Feb. 28, 2023 USD ($)	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares
Derivative Liabilities
Warrants exercise term					5 years	5 years		3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years					3 years	3 years
Exercise price of warrants | (per share)						$ 1.05	$ 1.05	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 8	$ 12.50		$ 4.05				$ 4.05			$ (1.41)	$ 1.43	$ 5.44	$ 5.37	$ 5.35	$ 5.64	$ 5.67	$ 5.63	$ (10.30)	$ (16.53)
Transaction costs | $																				$ 149,472		$ 437,897
Shares issued upon conversion of convertible preferred stock | shares																132,380	132,380			132,380	132,380
Value of shares issued upon conversion of convertible preferred stock | $																				$ 94,622
Gain (loss) from valuation of derivative financial instruments | $																$ 301,457		$ 0		301,457		0
Derivatives | Series A Convertible Preferred Shares
Derivative Liabilities
Stated value per share | $ / shares							1,000
Conversion price per share | $ / shares							$ 1.05
Threshold beneficial ownership percentage more than which conversion prohibited							4.99%																		4.99%
Percentage of average volume-weighted average price of common shares during five trading days considered for conversion price							80%																		80%
Number of trading days considered for average volume-weighted average price							5 days																		5 days
Minimum conversion price per share | $ / shares							$ 0.30
Number of warrants issued | shares					2,857,142	2,857,142	952
Warrants exercise term							5 years
Exercise price of warrants | $ / shares							$ 1.05
Number of additional shares issued | shares							1
Holding period of preferred shares							6 months
Number of shares issued during the period | shares					3,000	3,000
Total cash consideration					$ 4,036,025	$ 3,000,000
Transaction costs | $																615,306		0		615,306		0
Number of shares converted | shares	76	63
Shares issued upon conversion of convertible preferred stock | shares		60,000
Value of shares issued upon conversion of convertible preferred stock | $		$ 42,886
Shares issued upon conversion of warrants | shares	72,380
Value of shares issued upon conversion of warrants | $	$ 51,736
Gain (loss) from valuation of derivative financial instruments | $																1,399,958		0		1,399,958		0
Derivatives | Series B Convertible Preferred Shares
Derivative Liabilities
Stated value per share | $ / shares							$ 1,000
Conversion price per share | $ / shares							$ 1.05
Threshold beneficial ownership percentage more than which conversion prohibited							4.99%																		4.99%
Percentage of average volume-weighted average price of common shares during five trading days considered for conversion price							80%																		80%
Number of trading days considered for average volume-weighted average price							5 days																		5 days
Minimum conversion price per share | $ / shares							$ 0.30
Number of warrants issued | shares			2,857,142	2,857,142			952
Warrants exercise term							5 years
Total cash consideration			$ 4,044,900	$ 3,000,000
Transaction costs | $																	$ 839,195		$ 0		$ 839,195		$ 0
Number of shares converted | shares			3,000	3,000
Warrant issued
Derivative Liabilities
Gain (loss) from valuation of derivative financial instruments | $																$ (191,741)		$ 61,442		$ 5,219,427		$ 61,442

Derivative Liabilities - Move_2

Derivative Liabilities - Movements (Details)	6 Months Ended
	Feb. 29, 2024 CAD ($)
Derivative Liabilities
Opening balance	$ 5,558,822
Closing balance	7,992,930
Derivatives | Series A Convertible Preferred Shares
Derivative Liabilities
Fair value at issuance	11,996,301
Deferred loss at issuance	(7,960,276)
Revaluation at the end of the period	(3,224,782)
Amortization of the deferred loss during the period	1,824,824
Conversion to Voting Common Shares during the period [Note 17]	(94,622)
Closing balance	2,541,445
Derivatives | Series B Convertible Preferred Shares
Derivative Liabilities
Fair value at issuance	6,272,022
Deferred loss at issuance	(2,227,122)
Revaluation at the end of the period	80,202
Amortization of the deferred loss during the period	221,255
Closing balance	$ 4,346,357

Related party transactions (Det

Related party transactions (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023	Aug. 31, 2023	Aug. 31, 2022
Disclosure of transactions between related parties [line items]
Office salaries and benefits	$ 1,044,772	$ 985,453	$ 1,905,226	$ 1,825,185
Right-of-use assets	2,125,430		2,125,430		$ 2,414,593
Lease liability	2,412,662		2,412,662		2,641,794	$ 2,415,549
Montana Strategies Inc.
Disclosure of transactions between related parties [line items]
Office salaries and benefits		4,213		23,733
Mac Engineering, SASU
Disclosure of transactions between related parties [line items]
Research and Development	788,870	$ 77,731	1,580,776	$ 127,695
California Electric Boat Company Inc.
Disclosure of transactions between related parties [line items]
Right-of-use assets	1,182,284		1,182,284		1,270,955
Lease liability	$ 1,317,323		$ 1,317,323		$ 1,395,732

Related party transactions - Re

Related party transactions - Remuneration of directors and key management of the Company (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Related party transactions
Wages	$ 494,216	$ 527,509	$ 996,231	$ 1,149,372
Share-based payments - capital stock	50,038		116,626
Share-based payments - stock options	61,552	3,435	83,106	67,726
Remuneration of directors and key management of the Company	$ 605,806	$ 530,944	$ 1,195,963	$ 1,217,098

Related party transactions - Am

Related party transactions - Amounts due to and from related parties (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023
Disclosure of transactions between related parties [line items]
Share subscription receivable	$ 39,200	$ 39,200
Amounts due to related parties included in trade and other payable	90,744	62,274
9335-1427 Quebec Inc
Disclosure of transactions between related parties [line items]
Share subscription receivable	25,000	25,000
Alexandre Mongeon
Disclosure of transactions between related parties [line items]
Share subscription receivable	14,200	14,200
Current advances to related party	19,071	20,135
Amounts due to related parties included in trade and other payable	15,077	19,384
Patrick Bobby
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	10,770	13,847
Kulwant Sandher
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	6,731	8,654
Xavier Montagne
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	8,131	10,454
California Electric Boat Company Inc.
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	48,014
Mac Engineering, SASU
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	$ 2,021	$ 9,935

Capital stock - Voting Common S

Capital stock - Voting Common Shares (Details) - CAD ($)	Feb. 29, 2024	Aug. 31, 2023	Feb. 28, 2023	Aug. 31, 2022
Disclosure of classes of share capital [line items]
Issued capital	$ 52,268,158	$ 50,395,717
Capital stock
Disclosure of classes of share capital [line items]
Shares outstanding	12,098,221	11,172,800	9,484,902	8,417,923

Capital stock - Additional Info

Capital stock - Additional Information (Details)										3 Months Ended	6 Months Ended
	Dec. 21, 2023 $ / shares shares	Sep. 20, 2023 $ / shares shares	Aug. 02, 2023 $ / shares shares	Jun. 16, 2023 $ / shares shares	Apr. 19, 2023 $ / shares shares	Feb. 17, 2023 $ / shares shares	Jan. 19, 2023 $ / shares shares	Aug. 05, 2022 $ / shares shares	Nov. 23, 2020 $ / shares shares	Feb. 29, 2024 $ / shares shares	Feb. 29, 2024 CAD ($) shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares
Capital stock.
Number of Voting Common Shares issued to third parties in exchange for services										316,522	420,171
Number of warrants to purchase voting common shares issued	138,095	372,870	493,832	493,828	381,293	475,059	554,253	50,000	151,800		372,870
Total cash consideration price, net of transaction costs | $											$ 1,781,194
Net transaction costs | $											$ 246,298
Warrants exercise term	5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years		3 years
Exercise price of warrants | (per share)	$ 1.05	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 8	$ 12.50	$ 4.05		$ (1.41)	$ 1.05	$ 1.43	$ 5.44	$ 5.37	$ 5.35	$ 5.64	$ 5.67	$ 5.63	$ (10.30)	$ (16.53)
Shares issued upon conversion of convertible preferred stock										132,380	132,380

Share-based payments - Stock op

Share-based payments - Stock options (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share-based compensation expense	$ 72,019	$ 110,288	$ 146,352	$ 423,167
Minimum.
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price			$ 1.03
Expiration period			5 years
Maximum.
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price			$ 16.29
Expiration period			10 years

Share-based payments - Assumpti

Share-based payments - Assumptions used to determine the fair value of option grants (Details)	6 Months Ended
	Feb. 29, 2024 Y $ / shares
May 27, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 3.70
Market Price	$ 3.70
Expected volatility	84%
Risk-free interest rate	0.40%
Expected life | Y	5
May 27, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 2.78
Market Price	$ 3.70
Expected volatility	84%
Risk-free interest rate	0.40%
Expected life | Y	5
October 23, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 3.70
Market Price	$ 3.70
Expected volatility	97%
Risk-free interest rate	0.40%
Expected life | Y	5
November 24, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 16.29
Market Price	$ 13.03
Expected volatility	101%
Risk-free interest rate	0.40%
Expected life | Y	5
November 24, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.68
Market Price	$ 5.72
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	4
February 23, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 15.75
Market Price	$ 15.05
Expected volatility	103%
Risk-free interest rate	0.60%
Expected life | Y	5
May 14, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.68
Market Price	$ 5.72
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	3
July 14, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 9.25
Market Price	$ 9.01
Expected volatility	105%
Risk-free interest rate	0.70%
Expected life | Y	5
September 21, 2021
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 8.85
Market Price	$ 8.58
Expected volatility	106%
Risk-free interest rate	0.90%
Expected life | Y	5
January 22, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.65
Market Price	$ 5.52
Expected volatility	107%
Risk-free interest rate	1.50%
Expected life | Y	5
November 30, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 6.09
Market Price	$ 6.09
Expected volatility	107%
Risk-free interest rate	3.10%
Expected life | Y	5
December 1, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.83
Market Price	$ 5.83
Expected volatility	107%
Risk-free interest rate	3%
Expected life | Y	5
March 22, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.76
Market Price	$ 5.14
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	2
March 25, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.77
Market Price	$ 5.23
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	3
March 25, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.77
Market Price	$ 5.23
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	4
April 20, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 5.79
Market Price	$ 5.27
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	5
December 29, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 4.54
Market Price	$ 1.48
Expected volatility	76%
Risk-free interest rate	3.10%
Expected life | Y	5
January 26, 2024
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 1.03
Market Price	$ 1.08
Expected volatility	76%
Risk-free interest rate	3.50%
Expected life | Y	5

Share-based payments - Option g

Share-based payments - Option grants outstanding (Details)	6 Months Ended	12 Months Ended
	Feb. 29, 2024 shares $ / shares	Aug. 31, 2023 shares $ / shares
Share-based payments
Number of options, Beginning balance | shares	1,099,541	1,706,418
Number of options, Granted | shares	100,000	88,500
Number of options, Forfeited | shares	(14,409)	(268,158)
Number of options, Stock options modifications | shares		(370,000)
Number of options, Exercised | shares		(57,219)
Number of options, Ending Balance | shares	1,185,132	1,099,541
Weighted average exercise price, Beginning balance (in dollars per share) | $ / shares	$ 5.22	$ 9.45
Weighted average exercise price, Granted (in dollars per share) | $ / shares	2.78	5.80
Weighted average exercise price, Forfeited (in dollars per share) | $ / shares	5.22	9.65
Weighted average exercise price, Stock options modifications (in dollars per share) | $ / shares		5.78
Weighted average exercise price, Exercised (in dollars per share) | $ / shares		2.86
Weighted average exercise price, Ending balance (in dollars per share) | $ / shares	$ 5.02	$ 5.22

Share-based payments - Exercise

Share-based payments - Exercise price range of warrants (Details)	6 Months Ended
	Feb. 29, 2024 shares $ / shares	Aug. 31, 2023 shares	Aug. 31, 2022 shares
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	1,185,132	1,099,541	1,706,418
Exercise Price 1.03 - 3.70
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	495,132
Weighted average grant date fair value	$ 2.29
Weighted average remaining contractual life (years)	1 year 7 months 13 days
Exercisable options | shares	450,287
Exercise Price 1.03 - 3.70 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 1.03
Exercise Price 1.03 - 3.70 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 3.70
Exercise Price 4.54 - 5.83
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	625,000
Weighted average grant date fair value	$ 2.74
Weighted average remaining contractual life (years)	4 years 21 days
Exercisable options | shares	545,874
Exercise Price 4.54 - 5.83 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 4.54
Exercise Price 4.54 - 5.83 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 5.83
Exercise Price 6.09 - 8.85
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	30,000
Weighted average grant date fair value	$ 6.26
Weighted average remaining contractual life (years)	7 years 29 days
Exercisable options | shares	26,667
Exercise Price 6.09 - 8.85 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 6.09
Exercise Price 6.09 - 8.85 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	8.85
Exercise Price 16.29
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 16.29
Number of options outstanding | shares	35,000
Weighted average grant date fair value	$ 9.33
Weighted average remaining contractual life (years)	6 years 9 months
Exercisable options | shares	35,000

Share-based payments - Warrants

Share-based payments - Warrants (Details)										3 Months Ended		6 Months Ended
	Dec. 21, 2023 $ / shares shares	Sep. 20, 2023 $ / shares shares	Aug. 02, 2023 $ / shares shares	Jun. 16, 2023 $ / shares shares	Apr. 19, 2023 $ / shares shares	Feb. 17, 2023 $ / shares shares	Jan. 19, 2023 $ / shares shares	Aug. 05, 2022 $ / shares shares	Nov. 23, 2020 $ / shares shares	Feb. 29, 2024 CAD ($)	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 CAD ($) shares	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares
Share-based payments
Number of warrants to purchase voting common shares issued | shares	138,095	372,870	493,832	493,828	381,293	475,059	554,253	50,000	151,800			372,870
Warrants term	5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years			3 years
Exercise price of warrants | (per share)	$ 1.05	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 8	$ 12.50					$ 4.05	$ (1.41)	$ 1.05	$ 1.43	$ 5.44	$ 5.37	$ 5.35	$ 5.64	$ 5.67	$ 5.63	$ (10.30)	$ (16.53)
Share-based payments expense for warrant | $										$ 175,236	$ 0	$ 175,236	$ 0

Share-based payments - Fair val

Share-based payments - Fair value of option grants relating to warrants (Details)	6 Months Ended
	Feb. 29, 2024 Y $ / shares $ / shares shares	Feb. 29, 2024 $ / shares shares	Dec. 21, 2023 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares	Nov. 23, 2020 $ / shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of warrants | (per share)	$ 4.05		$ 1.05	$ (1.41)	$ 1.05	$ 1.43	$ 4.21	$ 5.44	$ 4.21	$ 5.37	$ 4.21	$ 5.35	$ 4.21	$ 5.64	$ 4.21	$ 5.67	$ 4.21	$ 5.63	$ 8	$ (10.30)	$ 12.50	$ (16.53)
November 23, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of warrants		$ 16.53
Market price of warrant options	$ 13.03
Expected volatility (%)	100%
Risk-free interest rate (%)	0.40%
Expected life (years) | Y	5
Number of warrants outstanding | shares	151,800	151,800
Weighted average remaining contractual life (years)	1 year 8 months 23 days
August 5, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of warrants		$ 10.30
Market price of warrant options	$ 7.20
Expected volatility (%)	100%
Risk-free interest rate (%)	2.90%
Expected life (years) | Y	3
Number of warrants outstanding | shares	50,000	50,000
Weighted average remaining contractual life (years)	1 year 5 months 4 days
December 21, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price of warrants		$ 1.41
Market price of warrant options	$ 1.83
Expected volatility (%)	76%
Risk-free interest rate (%)	4%
Expected life (years) | Y	5
Number of warrants outstanding | shares	138,095	138,095
Weighted average remaining contractual life (years)	4 years 9 months 21 days

Revenues (Details)

Revenues (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 728,611	$ 831,195	$ 1,715,003	$ 2,230,955
Sales of boats
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	170,614	193,956	258,707	351,241
Sales of parts and boat maintenance
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	5,414	84,020	35,911	174,856
Boat rental and boat club membership revenue
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 552,583	$ 553,219	$ 1,420,385	$ 1,704,858

Net finance expense (income) (D

Net finance expense (income) (Details) - CAD ($)	3 Months Ended		6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023	Feb. 29, 2024	Feb. 28, 2023
Net finance expense (income)
Interest and bank charges	$ 78,927	$ 70,795	$ 143,490	$ 127,135
Interest income	(21,254)		(48,300)	(311,667)
Loss on Debentures		2,637,000		2,746,667
Transaction costs	1,710,863	437,897	1,860,335	437,897
Gain on derivative liabilities	(906,760)	(61,442)	(6,317,928)	(61,442)
Net finance expense	$ 861,776	$ 3,084,250	$ (4,362,403)	$ 2,938,590

Fair value measurement and hi_2

Fair value measurement and hierarchy - Fair value measurement and hierarchy (Details) - Derivatives	6 Months Ended
	Feb. 29, 2024 CAD ($)
Series A and Series B Convertible Preferred Stock
Fair value measurement and hierarchy
Percentage of fair value of derivative liability on volatility rate	70%
Series A and Series B Convertible Preferred Stock | Minimum
Fair value measurement and hierarchy
Percentage of fair value of derivative liability on volatility rate	50%
Series A and Series B Convertible Preferred Stock | Maximum
Fair value measurement and hierarchy
Percentage of fair value of derivative liability on volatility rate	75%
Volatility
Fair value measurement and hierarchy
Percentage of fair value of derivative liability to determine remaining contractual life	76%
Percentage of reasonably possible increase in unobservable input liabilities	10%
Change in fair value of derivatives by percentage of reasonably possible increase in unobservable input liabilities	$ 121,000
Volatility | Series A and Series B Convertible Preferred Stock
Fair value measurement and hierarchy
Percentage of reasonably possible increase in unobservable input liabilities	5%
Change in fair value of derivatives by percentage of reasonably possible increase in unobservable input liabilities	$ 184,000
Current market price
Fair value measurement and hierarchy
Percentage of reasonably possible increase in unobservable input liabilities	10%
Change in fair value of derivatives by percentage of reasonably possible increase in unobservable input liabilities	$ 199,000

Segment information (Details)

Segment information (Details)	3 Months Ended		6 Months Ended
	Feb. 29, 2024 CAD ($)	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 CAD ($) segment	Feb. 28, 2023 CAD ($)	Aug. 31, 2023 CAD ($)
Segment information
Number of reportable business segments | segment			2
Segment revenues	$ 728,611	$ 831,195	$ 1,715,003	$ 2,230,955
Segment gross profit (loss)	220,083	49,324	655,611	153,600
Segment (loss) profit before tax	(8,447,318)	(6,718,415)	(7,479,048)	(13,494,857)
Research and development	334,731	633,557	1,319,237	4,320,754
Office salaries and benefits	1,044,772	985,453	1,905,226	1,825,185
Segment assets	21,333,492		21,333,492		$ 24,046,512
Cash	1,185,083		1,185,083		3,359,257
Segment liabilities	14,935,965		14,935,965		12,482,075
Gain on derivative liabilities	906,760	61,442	6,317,928	61,442
Goodwill impairment loss	4,274,000		4,274,000
Transaction costs	1,710,863	437,897	1,860,335	437,897
Operating segments
Segment information
Revenue from external customers	728,611	831,195	1,715,003	2,230,955
Segment revenues	728,611	831,195	1,715,003	2,230,955
Segment gross profit (loss)	220,083	49,324	655,611	153,600
Segment (loss) profit before tax	(8,447,318)	(6,718,415)	(7,479,048)	(13,494,857)
Research and development	334,731	633,557	1,319,237	4,320,754
Office salaries and benefits	1,044,772	985,453	1,905,226	1,825,185
Segment assets	21,333,492		21,333,492		24,046,512
Cash	1,185,083		1,185,083		3,359,257
Additions to property and equipment	247,130		247,130		983,609
Segment liabilities	14,935,965		14,935,965		12,482,075
Inter-segment eliminations
Segment information
Revenue from other segments	(211,918)	(408,109)	(237,720)	(757,135)
Segment revenues	(211,918)	(408,109)	(237,720)	(757,135)
Segment gross profit (loss)	(7,213)	(144,470)	(14,120)	(248,041)
Segment (loss) profit before tax	(5,869)	(49,932)	1,267	(98,506)
Research and development		(103,342)		(185,248)
Segment assets	(10,327,657)		(10,327,657)		(10,239,388)
Additions to property and equipment	(2,153)		(2,153)		(185,744)
Segment liabilities	(1,447,361)		(1,447,361)		(1,013,824)
Sale of electric boats | Operating segments
Segment information
Revenue from external customers	176,028	277,975	294,618	526,097
Revenue from other segments	206,859	258,000	225,753	479,915
Segment revenues	382,887	535,975	520,371	1,006,012
Segment gross profit (loss)	(40,126)	(134,780)	(68,869)	(578,459)
Segment (loss) profit before tax	(3,868,221)	(6,377,246)	(2,741,581)	(13,270,298)
Research and development	334,731	736,899	1,319,237	4,506,002
Office salaries and benefits	917,109	719,958	1,598,103	1,350,575
Segment assets	22,306,514		22,306,514		20,344,002
Cash	1,129,578		1,129,578		3,025,565
Additions to property and equipment	42,283		42,283		194,820
Segment liabilities	12,664,094		12,664,094		10,154,031
Rental of electric boats | Operating segments
Segment information
Revenue from external customers	552,583	553,220	1,420,385	1,704,858
Revenue from other segments	5,059	150,109	11,967	277,220
Segment revenues	557,642	703,329	1,432,352	1,982,078
Segment gross profit (loss)	267,422	328,574	738,600	980,100
Segment (loss) profit before tax	(4,573,228)	(291,237)	(4,738,734)	(126,053)
Office salaries and benefits	127,663	$ 265,495	307,123	$ 474,610
Segment assets	9,354,635		9,354,635		13,941,898
Cash	55,505		55,505		333,692
Additions to property and equipment	207,000		207,000		974,533
Segment liabilities	$ 3,719,232		$ 3,719,232		$ 3,341,868

Additional cash flows informa_3

Additional cash flows information (Details) - CAD ($)	6 Months Ended
	Feb. 29, 2024	Feb. 28, 2023
Additional cash flows information.
Additions to right-of-use assets	$ 38,283	$ 307,525
Lease termination		$ 112,707

Commitments (Details)

Commitments (Details)	Feb. 29, 2024 CAD ($)
2024
Commitments
Amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	$ 10,824,529

Commitments - Summary of undisc

Commitments - Summary of undiscounted lease commitments (Details)	Feb. 29, 2024 CAD ($)
2024
Commitments
Undiscounted lease commitments	$ 67,850
2024
Commitments
Undiscounted lease commitments	164,197
2025
Commitments
Undiscounted lease commitments	167,481
2027 and thereafter
Commitments
Undiscounted lease commitments	$ 447,891

Subsequent events (Details)

Subsequent events (Details) $ / shares in Units, $ / shares in Units, $ in Millions											2 Months Ended	6 Months Ended
	Apr. 03, 2024 USD ($)	Dec. 21, 2023 $ / shares shares	Sep. 20, 2023 $ / shares shares	Aug. 02, 2023 $ / shares shares	Jun. 16, 2023 $ / shares shares	Apr. 19, 2023 $ / shares shares	Feb. 17, 2023 $ / shares shares	Jan. 19, 2023 $ / shares shares	Aug. 05, 2022 $ / shares shares	Nov. 23, 2020 $ / shares shares	Apr. 30, 2024 shares	Feb. 29, 2024 CAD ($) shares	Feb. 28, 2023 CAD ($)	Feb. 29, 2024 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Aug. 05, 2022 $ / shares	Nov. 23, 2020 $ / shares
Subsequent events
Transaction costs | $												$ 149,472	$ 437,897
Number of warrants to purchase voting common shares issued | shares		138,095	372,870	493,832	493,828	381,293	475,059	554,253	50,000	151,800		372,870
Warrants exercise term		5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years		3 years
Exercise price of warrants | (per share)		$ 1.05	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 4.21	$ 8	$ 12.50				$ 4.05	$ (1.41)	$ 1.05	$ 1.43	$ 5.44	$ 5.37	$ 5.35	$ 5.64	$ 5.67	$ 5.63	$ (10.30)	$ (16.53)
Issue of voting common shares
Subsequent events
Shares issued for services | shares											64,303
Percentage of sale in share capital	100%
Cash-free debt-free basis amount | $	$ 1