Vision Marine (VMAR) 6-K 2 Dec 24 Consolidated financial statements Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Aug. 31, 2024
Document and Entity Information
Document Type	6-K
Document Period End Date	Aug. 31, 2024
Entity Registrant Name	VISION MARINE TECHNOLOGIES INC.
Entity Central Index Key	0001813783
Current Fiscal Year End Date	--08-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
Amendment Flag	false

Consolidated statements of fina

Consolidated statements of financial position - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Current
Cash	$ 63,126	$ 3,359,257
Trade and other receivables [note 6]	138,656	550,836
Income tax receivable	6,454	98,540
Inventories [note 7]	6,209,287	2,445,554
Prepaid expenses [note 7]	2,156,844	1,973,591
Share subscription receivable [note 18]	39,200	39,200
Advances to related parties [note 18]		20,135
Total current assets	8,613,567	8,487,113
Right-of-use assets [note 9]	260,807	2,414,593
Property and equipment [note 10]	1,578,422	2,313,926
Intangibles [note 11]	868,543	966,724
Deferred income taxes [note 24]	92,973	68,460
Goodwill [note 5]		9,680,941
Other financial assets	5,929	114,755
Total assets	11,420,241	24,046,512
Current
Credit facility [note 12]		155,000
Trade and other payables [notes 13 & 18]	4,497,508	1,754,900
Provision on onerous contracts	91,667	91,667
Contract liabilities [note 14]	827,642	1,815,731
Advances from related parties [note 18]	84,616
Current portion of lease liabilities [note 15]	122,077	647,638
Current portion of long-term debt [note 16]	101,397	271,546
Other financial liabilities		113,695
Total current liabilities	5,724,907	4,850,177
Lease liabilities [note 15]	137,715	1,994,156
Long-term debt [note 16]	357,243	33,783
Derivative liabilities [note 17]	2,180,389	5,558,822
Deferred income taxes [note 23]		45,137
Total liabilities	8,400,254	12,482,075
Shareholders' equity
Capital stock [note 19]	55,421,479	50,395,717
Contributed surplus [note 20]	12,080,817	11,684,829
Accumulated other comprehensive income	1,127,048	1,032,628
Deficit	(65,609,357)	(51,548,737)
Total shareholders' equity	3,019,987	11,564,437
Total shareholders' equity and liabilities	$ 11,420,241	$ 24,046,512

Consolidated statements of chan

Consolidated statements of changes in equity (deficit) - CAD ($)	Common shares	Pre-funded warrants	Contributed surplus	Deficit	Accumulated other comprehensive income	Total
Shareholders' equity at Aug. 31, 2021	$ 42,834,982		$ 7,861,405	$ (17,559,766)	$ 388,566	$ 33,525,187
Shareholders' equity (in shares) at Aug. 31, 2021	61,669
Total comprehensive loss				(13,111,785)	309,105	(12,802,680)
Securities issuance, net of transaction costs [note 19]	$ 606,609					606,609
Securities issuance, net of transaction costs [note 19] (in shares)	696
Share-based compensation [note 20]			2,699,481			2,699,481
Shareholders' equity at Aug. 31, 2022	$ 43,441,591		10,560,886	(30,671,551)	697,671	24,028,597
Shareholders' equity (in shares) at Aug. 31, 2022	62,365
Total comprehensive loss				(20,877,186)	334,957	(20,542,229)
Securities issuance, net of transaction costs [note 19]	$ 6,778,427					6,778,427
Securities issuance, net of transaction costs [note 19] (in shares)	20,003
Share-based compensation [note 20]			1,136,182			1,136,182
Share issuance - options exercised	$ 175,699		(12,239)			163,460
Share issuance - options exercised (in shares)	427
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	82,795	0
Total comprehensive loss				(14,060,620)	94,420	(13,966,200)
Securities issuance, net of transaction costs [note 19]	$ 2,278,395					2,278,395
Securities issuance, net of transaction costs [note 19] (in shares)	27,108
Securities issuance - preferred shares converted	$ 301,997					301,997
Securities issuance - preferred shares converted (in shares)	11,642
Securities issuance - warrants exchanged	$ 2,406,645	$ 38,725				2,445,370
Securities issuance - warrants exchanged (in shares)	41,858	475
Share-based compensation - warrants [note 20]			175,236			175,236
Share-based compensation - stock options [note 20]			220,752			220,752
Shareholders' equity at Aug. 31, 2024	$ 55,382,754	$ 38,725	$ 12,080,817	$ (65,609,357)	$ 1,127,048	$ 3,019,987
Shareholders' equity (in shares) at Aug. 31, 2024	163,403	475

Consolidated statements of ch_2

Consolidated statements of changes in shareholders' equity (deficit) (Parenthetical) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Consolidated statements of changes in equity (deficit)
Transaction costs	$ 246,298	$ 800,744	$ 0

Consolidated statements of comp

Consolidated statements of comprehensive loss - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Consolidated statements of comprehensive loss
Revenues [note 21]	$ 3,794,345	$ 5,651,502	$ 7,350,946
Cost of sales [note 7]	2,296,907	4,115,076	4,065,381
Gross profit	1,497,438	1,536,426	3,285,565
Expenses
Research and development [note 18]	2,739,022	5,704,912	2,242,794
Office salaries and benefits [note 18]	3,307,420	4,014,181	3,335,799
Selling and marketing expenses	2,021,930	3,470,772	1,972,306
Professional fees	3,251,172	3,764,465	3,590,816
Office and general	2,360,816	3,100,024	1,949,583
Share-based compensation [note 20]	220,752	1,136,182	2,699,481
Impairment loss on debentures [note 8]		2,637,000	0
Depreciation and amortization	830,876	588,957	268,490
Goodwill impairment loss [note 5]	8,704,182
Gain on deconsolidation of subsidiary [note 30]	(175,589)
Net finance (income) expense [note 23]	(7,480,761)	(1,604,536)	223,660
Other expense (income)	33,701	(117,470)	(143,922)
Operating expense	15,813,521	22,694,487	16,139,007
Loss before tax	(14,316,083)	(21,158,061)	(12,853,442)
Income taxes [note 24]
Current tax expense (recovery)	9,913	(70,607)	182,854
Deferred tax expense (recovery)	(265,376)	(210,268)	75,489
Total income tax expense (recovery)	(255,463)	(280,875)	258,343
Net loss for the period	(14,060,620)	(20,877,186)	(13,111,785)
Items of comprehensive income that will be subsequently reclassified to earnings:
Foreign currency translation differences for foreign operations, net of tax	94,420	334,957	309,105
Other comprehensive income, net of tax	94,420	334,957	309,105
Total comprehensive loss for the year, net of tax	$ (13,966,200)	$ (20,542,229)	$ (12,802,680)
Weighted average shares outstanding, Basic (in shares)	91,529	69,587	61,961
Weighted average shares outstanding, Diluted (in shares)	91,529	69,587	61,961
Basic loss per share (in dollars per share)	$ (153.62)	$ (300.02)	$ (211.61)
Diluted loss per share (in dollars per share)	$ (153.62)	$ (300.02)	$ (211.61)

Consolidated statements of cash

Consolidated statements of cash flows - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Operating activities
Net loss	$ (14,060,620)	$ (20,877,186)	$ (13,111,785)
Depreciation	1,022,437	1,060,897	955,513
Accretion on long-term debt and lease liability	161,930	166,719	157,270
Share-based compensation - options and warrants	395,988	1,136,182	2,699,481
Shares issued for services	1,262,934	1,670,415	596,608
Net loss on debentures		2,435,000	330,000
Goodwill impairment loss [note 5]	8,704,182
Transaction costs - Preferred Shares [note 17]	1,535,627
Loss on disposal of property and equipment	199,224	173,375
Interest income received			85,000
Income tax expense	(255,463)	(280,875)	258,343
Income tax paid	(9,219)	(14,040)	(373,196)
Income tax recovered	8,802
Gain on derivative liabilities	(12,081,094)	(1,770,689)
Loss on securities exchange	1,715,543
Loss on warrant re-pricing	887,827
Gain on deconsolidation of subsidiary [note 30]	(175,589)
Gain on lease termination	(168,030)	(50,329)	(5,652)
Effect of exchange rate fluctuation	(42,279)	49,670	17,398
Operating activities before working capital items	(10,897,800)	(16,300,861)	(8,391,020)
Net change in non-cash working capital items
Trade and other receivables	253,232	(78,288)	(152,808)
Provision for onerous contracts		91,667
Inventories	(3,778,018)	(351,778)	(117,692)
Grants and investment tax credits receivable		681,663	(573,361)
Other financial assets	25,101	4,121	(85,597)
Prepaid expenses	(215,317)	498,710	(1,927,459)
Trade and other payables	3,075,003	724,569	182,277
Contract liabilities	(59,256)	786,413	130,605
Other financial liabilities	(45,149)	(64,139)	(61,764)
Cash used in operating activities	(11,642,204)	(14,007,923)	(10,996,819)
Investing activities
Proceeds from sale of subsidiary [note 30]	1,089,302
Additions to property and equipment	(536,946)	(938,802)	(1,175,931)
Proceeds from the disposal of property and equipment	126,568	401,782	243,630
Additions to intangible assets	(63,316)		(32,202)
Cash provided by (used in) investing activities	615,608	(537,020)	(964,503)
Financing activities
Increase (Decrease) in credit facility	(155,000)	155,000
Addition in long-term debts	527,000	258,000	282,424
Repayment of long-term debt	(419,449)	(207,607)	(135,230)
Advances from related parties	101,883		176,771
Issuance of Convertible Preferred Shares and Warrants [note 17]	6,545,298
Issuance of Voting Common Shares and Warrants - net of transaction costs [note 19]	1,781,194	12,437,523
Shares issued upon options conversion		163,461	10,001
Repayment of lease liabilities	(650,461)	(726,893)	(695,749)
Cash provided by (used in) financing activities	7,730,465	12,079,484	(361,783)
Net decrease in cash during the year	(3,296,131)	(2,465,459)	(12,323,105)
Cash, beginning of year	3,359,257	5,824,716	18,147,821
Cash, end of year	$ 63,126	$ 3,359,257	$ 5,824,716

Incorporation and nature of bus

Incorporation and nature of business	12 Months Ended
	Aug. 31, 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

Basis of preparation	12 Months Ended
	Aug. 31, 2024
Basis of preparation
Basis of preparation	2. Basis of preparation and going concern uncertainty Compliance with IFRS These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards [“IFRS”] as issued by the International Accounting Standards Board [“IASB”] and interpretations issued by the International Financial Reporting Interpretations Committee [“IFRIC”] in effect on August 31, 2024. The consolidated financial statements were authorized for issue by the Board of Directors on December 2, 2024. Going concern uncertainty As of August 31, 2024, the Company has cash of $63,126 and working capital of $2,888,660. The Company has incurred recurring losses, has not yet achieved profitable operations and has a deficit of $65,609,357 since its inception. The cash flows from operations were negative for the three years ended August 31, 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 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 and seeking additional financing from both the public and private markets through the issuance of equity securities. For the year ended August 31, 2024, the Company was able to raise net proceeds from issuance of shares 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 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 consolidated financial statements as at and for the year ended August 31, 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 consolidation The 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. ​ Name of subsidiary Principal activity Country of incorporation and operation Proportion of ownership held 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 ​ nil 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% ​ On April 25, 2024, the Company disposed of its 100% ownership in EB Rental Ltd., which was deconsolidated at that date. See note 30 for details. 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 estimates are significant to the consolidated financial statements are disclosed in note 4. Reverse stock splits On August 22, 2024, the Company implemented a reverse stock split, consolidating every 15 Voting Common Shares into 1 Voting Common Share. On October 8, 2024, the Company implemented a subsequent reverse stock split, consolidating every 9 Voting Common Shares into 1 Voting Common Share. In accordance with IFRS, all references to common shares, Pre-Funded Warrants, Series A and B Convertible Preferred Shares, warrants and options have been adjusted to reflect both reverse stock splits, despite the fact that the latter occurred in the subsequent period. Comparative references to the above have also been adjusted to reflect the two reverse stock splits.

Significant accounting policies

Significant accounting policies	12 Months Ended
	Aug. 31, 2024
Significant accounting policies
Significant accounting policies	3. Significant accounting policies Cash and cash equivalents Cash and cash equivalents include cash on hand, cash held on trust, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less. Trade and other receivables Trade receivables are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30 days. The Company has applied the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance. To measure the expected credit loss, trade receivables have been grouped based on days overdue. Other receivables are recognized at amortized cost, less any allowance for expected credit loss. Inventories Inventories are stated at the lower of cost and net realizable value. Raw materials are valued on a first-in first-out basis. Cost of work in progress and finished goods comprises direct materials and delivery costs, direct labour, import duties and other taxes, and appropriate proportion of variable and fixed overhead expenditure based on normal operating capacity. Cost of purchased inventory is determined after deducting rebates and discounts received or receivable. Net realizable value is the estimated selling price in the ordinary course of business less estimated costs of completion and the estimated costs necessary to make the sale. Grants and investment tax credits Government grants are recognized where there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed. Where retention of a government grant is dependent on the Company satisfying certain criteria, it is initially recognized as deferred income. When the criteria for retention have been satisfied, the deferred income balance is released to the statement of consolidated comprehensive loss or netted against the asset purchased. Leases Right-of-use assets The Company recognizes right-of-use assets at the commencement date of the lease [i.e., the date the underlying asset is available for use]. Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term ranging from two Lease liabilities At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments [including in-substance fixed payments] less any lease incentives receivable and variable lease payments that depend on an index or a rate. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. Interest accretion is recorded as interest expense in finance costs. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. Short-term leases and leases of low-value assets The Company applies the short-term lease recognition exemption to its short-term leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered of low value [i.e., below $5,000]. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term. For the year-ended August 31, 2024, the expense for leases of low-value assets is insignificant. Property and equipment Property and equipment is stated at cost less accumulated depreciation and accumulated impairment losses, if any. Cost includes expenditures that are directly attributable to the acquisition of the asset. Depreciation is recorded to recognize the cost of assets over their useful lives. The estimated useful lives and depreciation methods are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. ​ Asset type Methods Rates Computer equipment Declining balance method 55% Machinery and equipment Declining balance method 20% Rolling stock Declining balance method 30% Leasehold improvements Straight-line method Over the term of the lease Boat rental fleet Straight-line method 15 years Moulds Straight-line method 25 years ​ Any item of property and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales and proceeds and the carrying amount of the asset and is recognized in profit or loss. Repairs and maintenance costs that do not improve or extend productive life are recognized in profit or loss in the period in which the costs are incurred. Intangible assets and goodwill Expenditure on research activities is recognized in net earnings as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Company intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in net earnings as incurred. The Company has not capitalized any development costs. When awarded with government grants and income tax credits, the Company recognizes the income either in net loss, netted with the related expenses, or as a reduction of the cost, when related with capitalized development expenditure. Goodwill arising from business combinations is initially recognized when the fair value of the separately identifiable assets the Company acquired and liabilities the Company assumed is lower than the consideration paid [including the recognized amount of the non-controlling interest, if any]. If the fair value of the consideration transferred is lower than that of the separately identified assets and liabilities, the Company immediately recognizes the difference as a gain in the consolidated statement of comprehensive loss. Other intangible assets, including intellectual property, software, trade name, backlog and website that have finite useful lives are measured at cost less accumulated amortization and accumulated impairment losses. Amortization is calculated over the cost of the asset less its residual value. Amortization is recognized in net earnings on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The estimated useful lives are as follows: ​ Asset type Methods Rates Intellectual property Straight-line method 10 years Software Straight-line method 7 years Trade name Straight-line method 5 years Backlog Straight-line method 3 years Website Straight-line method 5 years ​ Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. Impairment of non-financial assets Non-financial assets other than goodwill At the end of each reporting period, the Company reviews the carrying amounts of its non-financial assets, other than goodwill, to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount of the asset is estimated. Where it is not possible to estimate the recoverable amount of an individual asset, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets [the “cash-generating unit”, or “CGU”]. Recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. If the recoverable amount of an asset or CGU is lower than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of comprehensive loss. Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the revised recoverable amount, to the extent that the carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized. A reversal of an impairment loss is recognized immediately in the consolidated statement of comprehensive loss. Goodwill After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For purposes of impairment testing, goodwill is allocated to each of the Company’s CGU [or groups of CGUs] that is expected to benefit from the synergies of the combination. A CGU to which goodwill has been allocated is tested for impairment annually, or more frequently when there is indication that the CGU may be impaired. If the recoverable amount of the CGU is less than its carrying amount, the impairment loss is allocated first to reduce the goodwill allocated to the CGU and then, to reduce the carrying amounts of the other assets in the CGU on a pro-rata basis. Any impairment loss is recognized in the consolidated statement of comprehensive loss. An impairment loss recognized for goodwill is not reversed in subsequent periods. Trade and other payables These amounts represent liabilities for goods and services provided to the entity prior to the end of the financial year and which are unpaid. Due to their short-term nature, they are measured at amortized cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition. Provisions Provisions are recognized when the Company has a present obligation as a result of a past event, it is probable the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. If the time value of money is material, provisions are discounted using a current pre-tax rate specific to the liability. The increase in the provision resulting from the passage of time is recognized as a finance cost. Onerous contracts An onerous contract is a contract under which the unavoidable costs (i.e., the costs that the Company cannot avoid because it has the contract) of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The cost of fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation of costs directly related to contract activities). When the Company has a contract that is onerous, the present obligation under the contract is recognized and measured as a provision. However, before a separate provision for an onerous contract is established, the Company recognizes any impairment loss that has occurred on assets used in fulfilling the contract. Fair value measurement When an asset or liability, financial or non-financial, is measured at fair value for recognition or disclosure purposes, the fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; and assumes that the transaction will take place either: in the principal market; or in the absence of a principal market, in the most advantageous market. Fair value is measured using the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interests. For non-financial assets, the fair value measurement is based on its highest and best use. Valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, are used, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Assets and liabilities measured at fair value are classified into three levels, using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. Classifications are reviewed at each reporting date and transfers between levels are determined based on a reassessment of the lowest level of input that is significant to the fair value measurement. Financial instruments Classification and measurement of financial instruments The Company measures its financial assets and financial liabilities at fair value on initial recognition, which is typically the transaction price unless a financial instrument contains a significant financing component. Subsequent measurement is dependent on the financial instrument’s classification which in the case of financial assets, is determined by the context of the Company’s business model and the contractual cash flow characteristics of the financial asset. Financial assets are classified into two categories: [1] measured at amortized cost and [2] fair value through profit and loss [“FVTPL”]. Financial liabilities are subsequently measured at amortized cost at the effective interest rate, other than financial liabilities that are measured at FVTPL or designated as FVTPL where any change in fair value resulting from an entity’s own credit risk is recorded as other comprehensive income [“OCI”]. The Company assesses the classification of warrants to purchase common shares of the Company, whether the warrants issued meet the criteria of an equity instrument (i.e. the warrants would be settled by the issuance of fixed number of common shares of the Company at a fixed exercise price) or a financial liability. Since the exercise price of these warrants is denominated in U.S. dollars, while the functional currency of the Company is Canadian dollar, the value of the proceeds on exercise of the warrants is not fixed and will vary based on the foreign exchange rate movements. As such, the Company classified the warrants, other than warrants issued as compensation for goods and services, as derivative liabilities, measured at fair value at initial recognition and at each reporting period. Any changes in fair value are recorded as gain or loss in the consolidated statement of comprehensive loss. Refer to note 20 and 26 for details on the warrants issued and outstanding for the year ended August 31, 2024, the derivative liabilities recorded and the assumptions used to determine the fair value. The Company assesses the classification of the Series A and B Convertible Preferred Shares of the Company, whether these securities meet the criteria of an equity instrument (i.e. they would be settled by the issuance of fixed number of common shares of the Company upon conversion) or a financial liability. Since the conversion price of these securities is denominated in U.S. dollars, while the functional currency of the Company is Canadian dollar, the number of common shares to be issued on conversion is not fixed and will vary based on the foreign exchange rate movements. As such, the Company classified the Series A and B Convertible Preferred Shares as derivative liabilities, measured at fair value at initial recognition and at each reporting period. The fair value gain or loss determined at the initial recognition date of these securities is amortized over the period between the initial recognition date and the forced conversion date. Any subsequent changes in fair value are recorded as gain or loss in the consolidated statement of comprehensive loss. Refer to notes 17 and 26 for details on the Series A and B Convertible Preferred Shares issued and outstanding for the year ended August 31, 2024, the derivative liabilities recorded and the assumptions used to determine the fair value. Amortized cost The Company classifies trade and other receivables, other financial assets, trade and other payables, other financial liabilities, long-term debt and advances to/from related parties as financial instruments measured at amortized cost. The contractual cash flows received from the financial assets are solely payments of principal and interest and are held within a business model whose objective is to collect the contractual cash flows. Fair value through profit and loss The Company classifies debentures as financial instruments measured at fair value through profit and loss since the contractual cash flows received from the financial asset are not solely payments of principal and interest. Impairment of financial assets The Company recognizes a loss allowance for expected credit losses on financial assets measured at amortized cost. The measurement of the loss allowance depends upon the Company’s assessment at the end of each reporting period as to whether the financial instrument’s credit risk has increased significantly since initial recognition, based on reasonable and supportable information that is available, without undue cost or effort to obtain. Where there has not been a significant increase in exposure to credit risk, a 12-month expected credit loss allowance is estimated. The amount of expected credit loss recognized is measured on the basis of the probability weighted present value of anticipated cash shortfalls over the life of the instrument discounted at the original effective interest rate. Impairment provisions for current and non-current trade receivables are recognized based on the simplified approach within IFRS 9 using a provision matrix in the determination of the lifetime expected credit losses. Equity instruments Financial instruments issued by the Company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issuance costs. The Company’s common shares and Pre-Funded Warrants are classified as equity instruments. Revenue recognition Revenue is recognized at an amount that reflects the consideration to which the Company is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the Company: ● identifies the contract with the customer; ● identifies the performance obligations in the contract; ● determines the transaction price which takes into account estimates of variable consideration and the time value of money; ● allocates the transaction price to separate performance obligations on the basis of relative stand-alone selling price of each distinct good or service to be delivered; and, ● recognizes revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised. The Company enters into contracts with customers, as well as distributor agreements with specific distributors for the sale of boats. Sale of boats Revenue from the sale of boats, including incidental shipping fees, is recognized at the point in time when the customer obtains control of the goods, which is generally at the shipping point. In the context of its distributor agreements, control is passed at the shipping point to the distributor as the Company has no further performance obligations at that point. The Company concluded that it is the principal in its revenue arrangements, because it typically controls the boats before transferring them to the customer. The amount of consideration the Company receives, and the revenue recognized varies with volume rebate programs offered to distributors. When the Company offers retrospective volume rebates, it estimates the expected volume rebates based on an analysis of historical experience, to the extent that it is highly probable that a significant reversal will not occur. The Company adjusts its estimate of revenue related to volume rebates at the earlier of when the most likely amount of consideration expected to be received changes or when the consideration becomes fixed. The Company recognizes customer deposits on the sale of boats as contract liabilities. Boat rental and boat club membership revenue Revenue from boat rentals is recognized at a point in time when the services are completed given the short term rental period. Boat club membership revenue is recognized over time as the service is provided. These services are typically provided, and thus revenue is typically recognized, on a monthly basis. The Company recognizes customer prepayments on boat rentals and boat club memberships as contract liabilities. Sale of parts and boat maintenance Revenue from the sale of parts and related maintenance services are recognized at the point in time when the customer obtains control of the parts and when services are completed. Other Other revenue is recognized when it is received or when the right to receive payment is established. Contract liabilities A contract liability is recognized if a payment is received, or a payment is due [whichever is earlier] from a customer before the Company transfers the related goods or services. Contract liabilities are recognized as revenue when the Company performs under the contract [i.e., transfers control of the related goods or services to the customer]. Share-based payments The Company has a share option plan for key employees, consultants, advisors, officers and directors from which options to purchase common stock of the Company are issued. The Company also issues warrants to non-employees granting the right to purchase common stock of the Company at a determined exercise price . All share-based remuneration is ultimately recognized as an expense in profit or loss with a corresponding credit to contributed surplus. If vesting periods or other vesting conditions apply, the expense is allocated over the vesting period, based on the best available estimate of the number of share options expected to vest. Any adjustment to cumulative share-based compensation resulting from a revision is recognized in the current period. The number of vested options ultimately exercised by holders does not impact the expense recorded in any period. Foreign currency translation The Company’s 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 currencies for EB Rental, Ltd., EB Rental Ventura Corp., EB Rental FL Corp., EBR Palm Beach Inc. and Vision Marine Technologies Corp. are the US dollar. The Company and its subsidiaries each determine their functional currency based on the currency of the primary economic environment in which they operate. Transactions denominated in a currency other than the functional currency of an entity are translated at the exchange rate in effect on the transaction date. The resulting exchange gains and losses are included in each entity’s net loss in the period in which they arise. The Company’s foreign operations are translated to the Company’s presentation currency, for inclusion in the consolidated financial statements. Foreign-denominated monetary and non-monetary assets and liabilities of foreign operations are translated at exchange rates in effect at the end of the reporting period and revenue and expenses are translated at exchange rates in effect at the transaction date. The resulting translation gains and losses are included in other comprehensive income with the cumulative gain or loss reported in accumulated other comprehensive income. On disposal of a foreign operation, the component of OCI relating to that particular foreign operation is reclassified to profit or loss. The exchange rates for the currencies used in the preparation of the consolidated financial statements were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange rate as at ​ Average exchange rate for year ended ​ August 31, August 31, August 31, August 31, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 US dollar 1.3491 1.3535 1.3601 1.3465 ​ Taxes Tax expense comprises current and deferred tax. Tax is recognized in net loss except to the extent it relates to items recognized in other comprehensive income or directly in equity. Current tax Current tax expense is based on the results for the period as adjusted for items that are not taxable or not deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the end of the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. Deferred tax Deferred taxes are the taxes expected to be payable or recoverable on differences between the carrying amounts of assets in the statement of financial position and their corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences between the carrying amounts of assets and their corresponding tax bases. Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill or from the initial recognition [other than in a business combination] of other assets in a transaction that affects neither the taxable profit nor the accounting profit. The Company offsets deferred tax assets and deferred tax liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered. Earnings per share Basic earnings per share is calculated by dividing the profit or loss attributable to equity holders of the Company by the weighted average number of common stock outstanding during the year. Diluted income per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of common stock outstanding, adjusted for the effects of all dilutive potential common stock. For the purpose of calculating diluted earnings per share, the Company assumes the exercise of dilutive options and warrants of the entity. The assumed proceeds from these instruments are regarded as having been received from the issue of common stock at the average market price of common shares during the period. The difference between the number of common shares issued and the number of common shares that would have been issued at the average market price of common shares during the period is treated as an issue of common shares for no consideration. Standards issued but yet not effective The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The Company intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. Amendments to IFRS 16: Lease Liability in a Sale and Leaseback In September 2022, the IASB issued amendments to IFRS 16, Leases, to specify the requirements that a seller- lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. The amendments are effective for annual reporting periods beginning on or after 1 January 2024 and must applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. The amendments are not expected to have a material impact on the Company’s consolidated financial statements. 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 In addition, a requirement has been introduced to require disclosure when a liability arising from a loan agreement is classified as non-current and the entity’s right to defer settlement is contingent on compliance with future covenants within twelve months. The amendments are effective for annual reporting periods beginning on or after 1 January 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 17 Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements The amendments clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The amendments are effective for annual reporting periods beginning on or after 1 January 2024 and must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. The amendments are not expected to have a material impact on the Company’s consolidated financial statements. Amendments to IAS 1 - Non-current liabilities with agreements In October 2022, amendments to IAS 1 were issued to clarify that only covenants with which an entity must comply on or before the reporting date will affect a liability's cl

Significant accounting estimate

Significant accounting estimates and assumptions	12 Months Ended
	Aug. 31, 2024
Significant accounting estimates and assumptions
Significant accounting estimates and assumptions	4. Significant accounting estimates and assumptions The preparation of financial statements in conformity with IFRS requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities and contingent liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Estimates and judgments are continuously evaluated and are based on management’s experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual outcomes can differ from these estimates. Going concern uncertainty In assessing whether the going concern assumption is appropriate and whether there are material uncertainties that raise substantial doubt about the Company’s ability to continue as a going concern, management must estimate future cash flows for a period of at least twelve months following the end of the reporting period by considering relevant available information about the future. In addition, management must make assumptions about what actions it will take to increase the Company’s liquidity position. Given that it is difficult to adequately predict future cash flows and the Company’s ability to raise additional financing, management has concluded that there are material uncertainties related to events or conditions that raise substantial doubt upon the Company’s ability to continue as a going concern for at least the next twelve months. Impairment of non-financial assets Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which is the higher of its fair value less costs of disposal and its value in use. The Company concluded the fair value less costs of disposal will yield a higher recoverable amount, which is based on a discounted cash flow (“DCF”) model. The fair value measurement is categorized within Level 3 of the fair value hierarchy. The cash flows are derived from cash flow projections over a 5-year period, including future investments and expansion activities that will enhance the performance of the assets of the CGU. As at August 31, 2024, all of the Company’s goodwill is allocated to the boat rental operation CGU, which represents the lowest level within the Company at which the goodwill is monitored for internal management purposes. For the year ended August 31, 2024, the Company recorded a goodwill impairment loss of $8,704,182. See note 5 for details. The recoverable amount is sensitive to the discount rate used for the DCF model, as well as the expected future cash-inflows, gross profit and the growth rate used for extrapolation purposes. The post-tax discount rate of 28% used in the DCF is based on a weighted average cost of capital calculated using observable market-based inputs or a benchmark of a sample of representative publicly traded companies. The long-term growth rate of 2% used for extrapolation purposes is based on published research growth rates. Any reasonable negative change in the key assumptions used could cause the carrying value of this CGU to exceed its recoverable amount. Financial instruments measured at fair value In measuring financial instruments at fair value, the Company makes estimates and assumptions, including estimates and assumptions about interest rates, credit spreads and other market conditions. Financial instruments measured at fair value include derivative liabilities [note 17] Provision for impairment of inventories The provision for impairment of inventories assessment requires a degree of estimation and judgment. The level of the provision is assessed by taking into account the recent sales experience, the ageing of inventories and other factors that affect inventory obsolescence. Income tax Provisions for taxes are made using the best estimate of the amount expected to be paid based on a qualitative assessment of all relevant factors. The Company reviews the adequacy of these provisions at the end of the reporting period. However, it is possible that at some future date an additional liability could result from audits by taxing authorities. Where the final outcome of these tax-related matters is different from the amounts that were initially recorded, such differences will affect the tax provisions in the period in which such determination is made. The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilized. Unrecognized deferred tax assets are re-assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered. In assessing the recoverability of deferred tax assets, the Company relies on the same forecast assumptions used elsewhere in the financial statements and in other management reports, which, among other things, reflect the potential impact of climate-related development on the business. Share-based payments The Company measures the cost of equity-settled transactions with employees by reference to the fair value of the equity instrument at the date at which they are granted. The fair value is determined by using the Black-Scholes model taking into account the terms and conditions upon which the instruments were granted. Judgment is exercised in determining the expected life and historical volatility. The accounting estimates and assumptions relating to equity-settled share-based payments would have no impact on the carrying amounts of assets and liabilities but may impact profit or loss and equity. Lease term The lease term is a significant component in the measurement of both the right-of-use asset and lease liability. Judgment is exercised in determining whether there is reasonable certainty that an option to extend the lease will be exercised, when ascertaining the periods to be included in the lease term. In determining the lease term, all facts and circumstances that create an economical incentive to exercise an extension option are considered at the lease commencement date. The Company reassesses whether it is reasonably certain to exercise an extension option if there is a significant event or significant change in circumstances. Incremental borrowing rate Where the interest rate implicit in the lease cannot be readily determined, an incremental borrowing rate is estimated to discount future lease payments to measure the present value of the lease liability at the lease commencement date. Such a rate is based on what the Company estimates it would have to pay a third party to borrow the funds necessary to obtain an asset of a similar value to the right-of-use asset, with similar terms, security and economic environment.

Goodwill

Goodwill	12 Months Ended
	Aug. 31, 2024
Goodwill.
Goodwill	5. Goodwill On June 3, 2021, the Company completed the acquisition of EB Rental Ltd. [“EBR”] by acquiring all the issued and outstanding EBR was acquired for cash consideration of U.S.$4,582,367 ($5,546,039), financed entirely by the Company’s available cash on hand, and equity consideration of $3,474,232 representing 2,108 shares at U.S.$1,362.15 [approximately $1,648.35] per share. Goodwill impairment test as at February 29, 2024 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 six-month period ended February 29, 2024. As a result of this loss, the carrying amount of the goodwill associated with this CGU had been reduced to $5,431,975 as at February 29, 2024 [August 31, 2023 - $9,680,941]. Note that the goodwill was further reduced to $4,430,182 on April 25, 2024 following the sale of EB Rental, Ltd. See note 29 for details. 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. Annual goodwill impairment test as at August 31, 2024 During the three-month period ended August 31, 2024, the Company conducted its annual impairment test on the carrying value of the goodwill associated with the boat rental operation CGU in accordance with the requirements under IFRS. 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 an additional goodwill impairment loss of $4,430,182 for the fiscal year ended August 31, 2024, which was recognized during the three-month period ended August 31, 2024. As a result of this loss, the carrying amount of the goodwill associated with this CGU has been reduced to nil as at August 31, 2024 [August 31, 2023 - $9,680,941]. 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 revised forecasted cash flows based on updated financial plans prepared by management covering a five-year period taking into consideration the performance of the CGU since the previous impairment test conducted as at February 29, 2024. The following key assumptions were used: - Expected earnings before interest, taxes, depreciation and amortization (“EBITDA”) as a percentage of revenues for the CGU of -11% in 2025, 4% in 2026, and 10% in 2027 and thereafter. - Expected working capital cash absorption ratio for the CGU of 10% of annual incremental sales increases. - Expected annual capital expenditure needs for the CGU of US $185,000 in 2025, US $98,040 in 2026, US $47,000 in 2027, US $63,000 in 2028, US $71,000 in 2029 and US $71,680 annually thereafter. The discounted cash flow model was established using a post-tax discount rate of 29.0% 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. When reviewing the performance of the boat rental operation CGU since the sale of EB Rental, Ltd. (note 30), management revised its forecasted cash flows downward following disappointing results over the last two quarters at its rental locations, particularly at its Palm Beach, Florida location where the Company had projected strong EBITDA due to its unique revenue sharing model which was expected to generate greater margins then the Company’s other locations. Specifically, management revised downward the forecasted revenues and EBITDA in future periods due to continued unfavourable weather conditions, particularly in the peak summer months. It has now become more likely than not that such weather conditions will be the norm rather than an anomaly as was determined in the past. In addition, the boat rental operation at Palm Beach, Florida has also had to deal with more days of high winds and tides due to its closer proximity to the ocean which has resulted in its inability to operate on those days. Finally, the opening of the Dania Beach, Florida facility has been delayed by a further three months than previously forecasted which had a negative impact on the forecasted cash flows. Therefore, as a result of these new factors, management revised its assumptions related to revenues and the expected EBITDA as a percentage of sales which resulted in the goodwill impairment loss.

Trade and other receivables

Trade and other receivables	12 Months Ended
	Aug. 31, 2024
Trade and other receivables
Trade and other receivables	6. Trade and other receivables ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Trade receivables ​ 26,222 59,364 Sales taxes receivable ​ 104,270 159,114 Other receivables ​ 8,164 332,358 ​ ​ 138,656 550,836 ​ Trade receivable 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 August 31, 2024, trade receivables of $26,222 [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: ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ 0 – 30 ​ — 13,986 31 – 60 ​ 21,603 — 61 – 90 ​ — — 91 and over ​ 4,619 45,378 ​ ​ 26,222 59,364 ​ There were no movements in the allowance for expected credit losses for the fiscal years ended August 31, 2024 and August 31, 2023.

Inventories

Inventories	12 Months Ended
	Aug. 31, 2024
Inventories
Inventories	7. Inventories ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ $ $ Raw materials ​ 5,456,935 1,553,501 Work-in-process ​ 383,968 369,753 Finished goods ​ 368,384 522,300 ​ ​ 6,209,287 2,445,554 ​ For the year ended August 31, 2024, inventories recognized as an expense amounted to $2,296,907 [2023 – $4,023,409; 2022 – $4,065,381]. For the year ended August 31, 2024, cost of sales includes depreciation of $190,618 [2023 – $471,940; 2022 - $687,023]. For the year ended August 31, 2024, prepaid expenses included deposits to suppliers for future inventory purchases of $1,780,430.

Investment in Limestone

Investment in Limestone	12 Months Ended
	Aug. 31, 2024
Investment in Limestone
Investment in Limestone	8. 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 bear interest at a rate of 10% per annum, payable annually in arrears, and have a 36-month term [the “Term”]. The Debentures are convertible at any time at the option of the Company into common shares of Limestone [“Common Shares”] at a conversion price of $0.36 per Common Share [the “Conversion Price”]. If at any time following 120 days from the date of issuance of the Debentures [the “Closing Date“] and prior to the date that is 30 days prior to the end of the Term, the volume weighted average closing price of the Common Shares on the TSX Venture Exchange, or such other exchange on which the Common Shares may be listed, is equal to or higher than $0.50 per Common Share for 20 The Debentures are carried at fair value through profit and loss and are considered as Level 2 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 [2022 – nil]. For the year ended August 31, 2024, the Company recorded a loss of nil [2023 – $88,866; 2022 – $670,000] for the change in fair value of the Debentures and interest income of nil [2023 – $113,334; 2022 – $340,000] in net loss as a net financial income (expense). On July 18, 2023, the Company agreed with Limestone 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 awaiting the issuance of the Company’s shareholder certificate. The Company maintained the fair value of its investment in Limestone at nil as at August 31, 2024.

Right-of-use assets

Right-of-use assets	12 Months Ended
	Aug. 31, 2024
Right-of-use assets
Right-of-use assets	9. Right-of-use assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computer ​ ​ ​ Boat rental ​ ​ ​ ​ Premises ​ Moulds ​ 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 ​ 38,255 — — 2,099 ​ — 40,354 Balance at August 31, 2023 ​ 3,839,792 — — 43,919 ​ — 3,883,711 Additions ​ — 67,432 — 170,037 ​ — 237,469 Disposals ​ (2,186,552) — — — ​ — (2,186,552) Deconsolidation on sale of subsidiary ​ (1,549,425) ​ — ​ — ​ (46,656) ​ — ​ (1,596,081) Currency translation ​ 9,433 — — 1,113 ​ — 10,546 Balance at August 31, 2024 ​ 113,248 67,432 — 168,413 ​ — 349,093 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 524,772 8,429 — 71,385 ​ — 604,586 Disposal ​ (1,193,933) — — — ​ — (1,193,933) Deconsolidation on sale of subsidiary ​ (748,972) ​ — ​ — ​ (42,513) ​ — ​ (791,485) Balance at August 31, 2024 ​ 20,211 ​ 8,429 ​ — ​ 59,646 ​ — ​ 88,286 Net carrying amount ​ ​ ​ As at August 31, 2023 ​ 2,401,448 — — 13,145 ​ — 2,414,593 As at August 31, 2024 ​ 93,037 59,003 — 108,767 ​ — 260,807 ​ During the year ended August 31, 2023, the Company exercised a purchase option and paid in full a lease liability related to a computer and boat rental fleet that was previously included in the right-of-use assets. As a result, the Company transferred the assets to property and equipment assets at its net book value of $44,807 [note 10] During the year ended August 31, 2024, the Company sold its subsidiary EB Rental, Ltd., which resulted in the deconsolidation of the subsidiary’s right-of-use assets. As a result, the Company deconsolidated right-of-use assets with a net book value of $804,596 [note 30]

Property and equipment

Property and equipment	12 Months Ended
	Aug. 31, 2024
Property and equipment.
Property and equipment	10. 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 Transferred from Right-of-use assets ​ — ​ — ​ 3,646 ​ — ​ — ​ 41,161 ​ 44,807 Disposals ​ — (136,072) — — — (499,770) (635,842) 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 ​ 30,845 3,088 — 236,654 10,000 318,991 599,578 Transferred to Inventory ​ — ​ — ​ — ​ — ​ — ​ (154,912) ​ (154,912) Disposals ​ — (6,213) — (62,632) — (360,881) (429,726) Deconsolidation on sale of subsidiary ​ — — — — — (635,327) (635,327) Balance at August 31, 2024 ​ 426,338 46,149 25,243 1,116,447 372,055 289,223 2,275,455 ​ ​ ​ 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 ​ 38,522 4,574 4,374 40,949 101,665 67,908 257,992 Disposals ​ — (3,655) — (728) — (37,646) (42,029) Transferred to Inventory ​ — ​ — ​ — ​ — ​ — ​ (21,394) ​ (21,394) Deconsolidation on sale of subsidiary ​ — ​ — ​ — ​ — ​ — ​ (79,452) ​ (79,452) Balance at August 31, 2024 ​ 267,821 34,929 21,662 150,945 215,502 6,174 697,033 ​ ​ 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 August 31, 2024 ​ 158,517 11,220 3,581 965,502 156,553 283,049 1,578,422 ​ As at August 31, 2024, moulds of nil [August 31, 2023 – $377,253] are not depreciated because they are not ready for use.

Intangible assets

Intangible assets	12 Months Ended
	Aug. 31, 2024
Intangible assets
Intangible assets	11. Intangible assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ ​ ​ Trade ​ ​ ​ ​ ​ Property ​ Software Patents ​ 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 Additions ​ — — ​ 63,316 — — — 63,316 Currency translation ​ — — ​ — (862) (604) (172) (1,638) Balance at August 31, 2024 ​ 1,035,070 101,775 ​ 63,316 103,489 83,502 19,897 1,407,049 ​ ​ ​ ​ 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 ​ 103,507 12,920 ​ 1,277 21,028 17,082 4,045 159,859 Balance at August 31, 2024 ​ 366,104 50,540 ​ 1,277 55,893 53,823 10,869 538,506 ​ ​ ​ ​ Net carrying amount ​ ​ ​ As at August 31, 2023 ​ 772,473 64,155 ​ — 69,486 47,365 13,245 966,724 As at August 31, 2024 ​ 668,966 51,235 ​ 62,039 47,596 29,679 9,028 868,543 ​ During the fiscal year ended August 31, 2024, the Company completed five patent applications for a cash consideration of $63,316.

Credit facility

Credit facility	12 Months Ended
	Aug. 31, 2024
Credit facility
Credit facility	12. Credit facility The Company had 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. Effective March 31, 2024, the line of credit was not renewed and closed. As at August 31, 2024, the Company has drawn an amount of nil [August 31, 2023 – $155,000] on the line of credit.

Trade and other payables

Trade and other payables	12 Months Ended
	Aug. 31, 2024
Trade and other payables.
Trade and other payables	13. Trade and other payables ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Trade payables ​ 3,883,020 1,107,310 Sales taxes payable ​ — 62,398 Salaries, vacation and other employee benefits payables ​ 614,488 585,192 ​ ​ 4,497,508 1,754,900 ​

Contract liabilities

Contract liabilities	12 Months Ended
	Aug. 31, 2024
Contract liabilities
Contract liabilities	14. Contract liabilities ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Opening balance ​ 1,815,731 1,029,318 Payments received in advance ​ 924,913 3,330,235 Boat sale deposits ​ — 151,572 Payments reimbursed ​ — (8,131) Transferred to revenues ​ (997,224) (2,718,943) Deconsolidation on sale of subsidiary ​ (928,833) — Currency translation ​ 13,055 ​ 31,680 Closing balance ​ 827,642 1,815,731 ​

Lease liabilities

Lease liabilities	12 Months Ended
	Aug. 31, 2024
Lease liabilities
Lease liabilities	15. Lease liabilities ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Opening balance ​ 2,641,794 2,415,549 Additions ​ 237,469 921,498 Repayment ​ (650,461) (726,893) Interest on lease liability ​ 116,170 139,132 Lease termination ​ (1,160,649) (151,800) Deconsolidation on sale of subsidiary ​ (937,427) ​ — Currency translation ​ 12,896 44,308 Closing balance ​ 259,792 2,641,794 ​ ​ Current ​ 122,077 647,638 Non-current ​ 137,715 1,994,156 ​ ​ 259,792 2,641,794 ​ Future undiscounted lease payments as at August 31, 2024 are as follows: ​ ​ ​ ​ $ Less than one year 125,719 One to five years 147,878 ​ 273,597 ​ Included in rent expense is $915,532 of short-term lease expense [2023 – $127,511, 2022 - $58,663]. The lease liabilities have a weighted average interest rate of 5.01% [2023 – 5.79%, 2022 – 5.40%].

Long-term debt

Long-term debt	12 Months Ended
	Aug. 31, 2024
Long-term debt.
Long-term debt	16. Long-term debt ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ $ $ The government assistance loan is non-interest bearing until December 31, 2022 at which time the loan bears interest at 5% per annum. The loan must be repaid by December 31, 2025. — 40,000 ​ ​ Term loans, bearing interest at rates varying between 9.44% and 13.87%, repayable in monthly instalments of $13,609, ending December 2026. 458,640 265,329 ​ ​ 458,640 305,329 Current portion of long-term debt 101,397 271,546 ​ 357,243 33,783 ​

Derivative liabilities

Derivative liabilities	12 Months Ended
	Aug. 31, 2024
Financial risk management and fair value measurement
Derivative liabilities	17. 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 3,659 Voting Common Shares of the Company for a period of three years from the grant date at an original exercise price of U.S. $546.75 ($722.25). On August 2, 2023, as part of a share subscription, the Company issued warrants with the option to purchase 3,662 Voting Common Shares of the Company for a period of three years from the grant date at an original exercise price of U.S. $546.75 ($724.95). On September 20, 2023, as part of a share subscription [note 19] On December 13, 2023, the Company agreed to reduce the exercise price of 20,358 of its previously issued warrants to U.S. $141.75 ($191.23). For the fiscal year ended August 31, 2024, the Company recorded a loss of $896,458 related to the re-pricing of these instruments in net finance (income) expense [August 31, 2023 – nil] [note 23] 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. ​ Issuance date Original Exercise price Market price Expected volatility Risk-free interest rate Expected life ​ ​ $ ​ $ ​ % ​ % ​ [years] ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 19, 2023 ​ 760.05 ​ 760.05 ​ 100 ​ 3.4 ​ 3 ​ February 17, 2023 ​ 765.45 ​ 816.75 ​ 100 ​ 4.0 ​ 3 ​ April 19, 2023 ​ 761.40 ​ 749.25 ​ 75 ​ 3.9 ​ 3 ​ June 16, 2023 ​ 722.25 ​ 742.50 ​ 75 ​ 4.1 ​ 3 ​ August 2, 2023 ​ 724.95 ​ 688.50 ​ 75 ​ 4.8 ​ 3 ​ September 20, 2023 ​ 734.40 ​ 594.00 ​ 75 ​ 4.8 ​ 3 ​ ​ Issuance date Revised Exercise price Number of warrants outstanding Weighted average remaining contractual life ​ ​ $ ​ # ​ [years] ​ ​ ​ ​ ​ ​ ​ ​ ​ January 19, 2023 ​ 191.23 ​ 4,108 ​ 1.39 ​ February 17, 2023 ​ 191.23 ​ 3,520 ​ 1.47 ​ April 19, 2023 ​ 191.23 ​ 2,826 ​ 1.63 ​ June 16, 2023 ​ 191.23 ​ 3,659 ​ 1.79 ​ August 2, 2023 ​ 191.23 ​ 3,662 ​ 1.92 ​ September 20, 2023 ​ 191.23 ​ 2,763 ​ 2.05 ​ ​ As at August 31, 2024, the derivative liabilities related to the warrants issued to common shareholders amounted to $30,564 [August 31, 2023 – $5,558,822]. For the fiscal year ended August 31, 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 (income) expense [August 31, 2023 – $718,546] [note 23] The table below summarizes the movement in the derivative liabilities related to the warrants issued to common shareholders during the fiscal years ended August 31, 2024 and 2023: ​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ 5,558,822 ​ — ​ Additions ​ 765,733 ​ 7,614,510 ​ Effect on fair value of repricing of warrants ​ 896,458 ​ — ​ Change in estimate of fair value ​ (7,190,449) ​ (2,055,688) ​ Closing balance ​ 30,564 ​ 5,558,822 ​ ​ For the fiscal year ended August 31, 2024, the Company recorded a gain of $7,190,449 related to the valuation of these instruments in net finance (income) expense [August 31, 2023 – $2,055,688] [ note 23 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$141.75 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 On December 21, 2023, the Company issued 3,000 Series A Convertible Preferred Shares and 21,169 warrants to purchase Voting Common Shares for a total cash consideration of $4,036,025 (US$3,000,000). For the fiscal year ended August 31, 2024, the Company incurred transaction costs of $615,306 related to this issuance, which were recorded in net finance (income) expense [August 31, 2023 – Nil] [ note 23 During the fiscal year ended August 31, 2024, 650 Series A Convertible Preferred Shares were converted into 11,642 Voting Common Shares at a value of $301,997 [ Note 19 On August 16, 2024, 21,169 warrants to purchase Voting Common Shares issued to Series A Convertible Preferred shareholders were exchanged for 41,858 Voting Common Shares and 475 Pre-Funded Warrants [ Note 19 note 23 Note 19 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 fiscal years ended August 31, 2024 and 2023: ​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ — ​ — ​ Fair value at issuance ​ 12,744,593 ​ — ​ Deferred loss at issuance ​ (8,737,194) ​ — ​ Revaluation at the end of the period ​ (10,336,357) ​ — ​ Amortization of the deferred loss during the period ​ 7,325,187 ​ — ​ Conversion to Voting Common Shares during the period [ Note 19 ​ (301,997) ​ — ​ Closing balance ​ 694,232 ​ — ​ ​ For the fiscal year ended August 31, 2024, the Company recorded a gain of $3,011,170 related to the valuation of these instruments in net finance (income) expense [August 31, 2023 – nil] [ note 23 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$141.75 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 On January 17, 2024, the Company issued 3,000 Series B Convertible Preferred Shares and 21,165 warrants to purchase Voting Common Shares for a total cash consideration of $4,044,900 (US$3,000,000). For the fiscal year ended August 31, 2024, the Company incurred transaction costs of $839,195 related to this issuance, which were recorded in net finance (income) expense [August 31, 2023 – Nil] [ note 23 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 fiscal years ended August 31, 2024 and 2023: ​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ — ​ — ​ Fair value at issuance ​ 6,888,006 ​ — ​ Deferred loss at issuance ​ (2,841,008) ​ — ​ Revaluation at the end of the period ​ (4,642,780) ​ — ​ Amortization of the deferred loss during the period ​ 1,674,778 ​ — ​ Accelerated amortization of the deferred loss during the period ​ 376,598 ​ — ​ Closing balance ​ 1,455,594 ​ — ​ ​ For the fiscal year ended August 31, 2024, the Company recorded a gain of $2,591,404 related to the valuation of these instruments in net finance (income) expense [August 31, 2023 – nil] [ note 23 With respect to the deferred loss at issuance, the portion of this balance that was applicable to the warrants issued to the Series B Convertible Preferred shareholders was written off completely at August 31, 2024 because the amount of the deferred loss balance at year-end exceeded the fair value attributable to these instruments at that date. As such, the Company recorded an accelerated loss of $376,598 on these warrants at August 31, 2024 [August 31, 2023 – Nil].

Related party transactions

Related party transactions	12 Months Ended
	Aug. 31, 2024
Related party transactions
Related party transactions	18. Related party transactions Companies related through common ownership EB Rental Ltd. [prior to June 3, 2021] [note 5] 7858078 Canada Inc. [prior to June 3, 2021] [note 5] Montana Strategies Inc. [prior to April 25, 2024] Strategies EB Inc. [prior to April 25, 2024] [note 30] Key management personnel of the Company have control over the following entities California Electric Boat Company Inc. 9335-1427 Quebec Inc. 9519-0682 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 fiscal years ended August 31,: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Expenses ​ Research and Development ​ Mac Engineering, SASU ​ 2,759,362 545,892 666,178 ​ ​ Office salaries and benefits ​ Montana Strategies Inc. ​ — 29,059 62,462 ​ The Company leases its Boisbriand premises from California Electric Boat Company Inc. Prior to August 1, 2024, this lease was accounted for as a right-of-use asset and lease liability. However, on August 1, 2024, the lease was renegotiated for a one year term only and ceased to be accounted for as a right-of-use asset and lease liability. As such, as at August 31, 2024, the right-of-use asset for this lease was nil [August 31, 2023 – $1,270,955] and the lease liability was nil [August 31, 2023 – 1,395,732] [notes 9 and 15] Remuneration of directors and key management of the Company ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Wages ​ 1,856,453 2,447,827 2,324,770 Share-based payments – capital stock ​ 115,577 433,263 — Share-based payments – stock options ​ 141,797 382,196 2,560,031 ​ ​ 2,113,827 3,263,286 4,884,801 ​ At the end of the year, the amounts due to and from related parties are as follows: ​ ​ ​ ​ ​ ​ ​ 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 (from) related party ​ Alexandre Mongeon ​ (84,616) 20,135 ​ ​ Amounts due to related parties included in trade and other payable ​ Alexandre Mongeon ​ 86,152 19,384 Xavier Montagne ​ 11,615 ​ 10,454 Raffi Sossoyan ​ 11,500 ​ — Patrick Bobby ​ — 13,847 Kulwant Sandher ​ — 8,654 California Electric Boat Company ​ 197,862 — Mac Engineering, SASU ​ 1,006,541 9,935 ​ ​ 1,313,670 62,274 ​ Advances from related parties are non - interest bearing and have no specified terms of repayment. ​

Capital stock

Capital stock	12 Months Ended
	Aug. 31, 2024
Capital stock.
Capital stock	19. 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 Pre-Funded Warrants, exercisable at the option of the holder into Voting Common Shares of the Company at an exercise price of CAD$0.001 on a one-for-one basis with no expiry date Issued ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ 163,403 Voting Common Shares [2023 – 82,795] ​ 55,382,754 50,395,717 475 Pre-Funded Warrants [2023 – nil] ​ 38,725 ​ — ​ ​ 55,421,479 ​ 50,395,717 ​ Subscription and issuance of Voting Common Shares During the year ended August 31, 2023, the Company issued a total of 2,229 Voting Common Shares to third parties in exchange for marketing services and board fees provided to the Company valued at $1,670,415. For such transactions, the value of the services was paid for with shares, the number of shares being determined by dividing the value of the services provided by the price of the shares on the stock exchange at time of their issuance. During the year ended August 31, 2023, the Company issued 426 Voting Common Shares upon the exercises of two former employees and a consultant’s stock options. During the year ended August 31, 2023, the Company issued 17,775 Voting Common Shares and warrants to purchase Voting Common Shares, respectively as part of the financing rounds for a total cash consideration price of $12,012,591, net of transaction costs of $1,225,676. The warrants issued are to purchase 17,775 Voting Common Shares of the Company for a period of three years from the issuance date at an exercise price at U.S. $568.35 [note 17]. During the year ended August 31, 2024, the Company issued a total of 7,545 Voting Common Shares to third parties in exchange for marketing, management consulting services, and board fees provided to the Company valued at $1,262,934. For such transactions, the value of the services was paid for with shares, the number of shares being determined by dividing the value of the services provided by the price of the shares on the stock exchange at time of their issuance. During the year ended August 31, 2024, the Company issued 2,763 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. The warrants issued are to purchase 2,763 Voting Common Shares of the Company for a period of three years from the issuance date at an exercise price at U.S. $546.75 [note 17] During the year ended August 31, 2024, the Company issued a total of 11,642 Voting Common Shares upon the conversion of 650 Series A Convertible Preferred Shares [note 17] On August 16, 2024, 21,169 warrants to purchase Voting Common Shares issued to Series A Convertible Preferred shareholders were exchanged for 41,858 Voting Common Shares and 475 Pre-Funded Warrants [ Note 17 On August 22, 2024, On August 22, 2024, the Company implemented a reverse stock split, consolidating every 15 Voting Common shares into 1 Voting Common Share. As a result of the round up feature for fractional shares, the Company issued an additional 16,800 Voting Common Shares. ​

Share-based payments

Share-based payments	12 Months Ended
	Aug. 31, 2024
Share-based payments
Share-based payments	20. 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 $138.47 and $2,199.15 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 year ended August 31, 2024 amounts to $220,752 [2023 – $1,136,182; 2022 - $2,699,481]. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Market ​ Expected Risk-free Expected Grant date ​ price ​ price ​ volatility ​ interest rate ​ life ​ $ $ % % [years] May 27, 2020 ​ 499.50 499.50 ​ 84 ​ 0.4 ​ 5 May 27, 2020 ​ 375.30 499.50 ​ 84 ​ 0.4 ​ 5 October 23, 2020 ​ 499.50 499.50 ​ 97 ​ 0.4 ​ 5 November 24, 2020 ​ 2,199.15 1,759.05 ​ 101 ​ 0.4 ​ 5 November 24, 2020 ​ 766.80 ​ 772.20 ​ 75 ​ 3.6 ​ 4 February 23, 2021 ​ 2,126.25 2,031.75 ​ 103 ​ 0.6 ​ 5 May 14, 2021 ​ 766.80 772.20 ​ 75 ​ 3.6 ​ 3 July 14, 2021 ​ 1,248.75 1,216.35 ​ 105 ​ 0.7 ​ 5 September 21, 2021 ​ 1,194.75 1,158.30 ​ 106 ​ 0.9 ​ 5 January 22, 2022 ​ 762.75 ​ 745.20 ​ 107 ​ 1.5 ​ 5 November 30, 2022 ​ 822.15 ​ 822.15 ​ 107 ​ 3.1 ​ 5 December 1, 2022 ​ 787.05 ​ 787.05 ​ 107 ​ 3.0 ​ 5 March 22, 2023 ​ 777.60 ​ 693.90 ​ 75 ​ 3.6 ​ 2 March 25, 2023 ​ 778.95 ​ 706.05 ​ 75 ​ 3.6 ​ 3 March 25, 2023 ​ 778.95 ​ 706.05 ​ 75 ​ 3.6 ​ 4 April 20, 2023 ​ 781.65 ​ 711.45 ​ 75 ​ 3.6 ​ 5 December 29, 2023 ​ 612.43 ​ 199.80 ​ 76 ​ 3.1 ​ 5 January 26, 2024 ​ 138.47 145.80 ​ 76 ​ 3.5 ​ 5 ​ The following tables summarize information regarding the option grants outstanding as at August 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ average ​ ​ options ​ exercise price ​ ​ # ​ $ Balance at August 31, 2022 12,664 ​ 1,273.40 Granted 666 ​ 785.25 Forfeited (1,991) ​ 1,302.08 Stock options modifications (2,741) ​ 780.30 Exercised (427) ​ 386.64 Balance at August 31, 2023 8,171 ​ 704.76 Granted ​ 742 ​ 375.98 Forfeited (1,055) ​ 823.16 Balance at August 31, 2024 7,858 ​ 657.77 ​ On March 25, 2023, 3,334 options previously granted to directors and officers of the Company with exercise price ranging from U.S. $1,001.70 ($1,212.30) to U.S. $1,687.50 ($2,199.15) and five-year term were cancelled and the Company agreed to issue 1,889 stock options with an exercise price of U.S. $568.35 ($780.30). The modification of these stock options granted resulted in an increase in the fair value of the stock options at the date of modification of $129,800, recorded as stock-based compensation expense for the year ended August 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted average ​ Weighted average ​ ​ Exercise price ​ options ​ grant date ​ remaining ​ Exercisable range ​ outstanding ​ fair value ​ contractual life ​ options $ # $ [years] # 138.47 – 499.50 ​ 3,679 ​ 309.59 ​ 1.12 3,553 612.43 – 787.05 ​ 3,881 ​ 336.47 ​ 3.51 3,574 822.15 – 1,194.75 ​ 38 ​ 646.65 ​ 3.25 19 2,199.15 ​ 260 ​ 1,259.55 ​ 6.25 260 ​ Warrants On November 23, 2020, the Company granted the underwriter the option to purchase 1,125 Voting Common Shares of the Company for a period of five years On August 5, 2022, the Company granted the underwriter the option to purchase 371 Voting Common Shares of the Company for a period of four years from the grant date at an exercise price of U.S. $1,080.00 ($1,457.03). On December 21, 2023, the Company granted the underwriter the option to purchase 1,023 Voting Common Shares of the Company for a period of five years from the grant date at an exercise price of U.S. $141.75 ($191.23). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ ​ ​ warrants ​ remaining Grant date Exercise price ​ outstanding ​ contractual life ​ ​ $ ​ # ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,125 ​ 1.23 August 5, 2022 ​ 1,457.03 ​ 371 ​ 0.93 December 21, 2023 191.23 1,023 4.31 ​ 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 fiscal year ended August 31, 2024 amounts to $175,236 [August 31, 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 Grant date ​ price ​ price ​ volatility ​ rate ​ life ​ ​ $ ​ $ ​ % ​ % ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,759.05 ​ 100 ​ 0.4 ​ 5 August 5, 2022 ​ 1,457.03 ​ 972.00 ​ 100 ​ 2.9 ​ 3 December 21, 2023 191.23 247.05 76 4.0 5 ​

Revenues

Revenues	12 Months Ended
	Aug. 31, 2024
Revenues
Revenues	21. Revenues ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Sales of boats ​ 1,752,750 1,287,979 2,459,365 Sales of parts and boat maintenance ​ 95,168 324,720 97,721 Boat rental and boat club membership revenue ​ 1,946,427 4,038,803 4,793,860 ​ ​ 3,794,345 5,651,502 7,350,946 ​ Revenues from external customers for the fiscal year ended August 31, 2024 were primarily from the U.S. The table below provides the breakdown disclosed in comparative periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ Sale of ​ Rental of ​ 2023 ​ ​ electric boats ​ electric boats ​ Total ​ $ $ $ Canada ​ 348,570 ​ — ​ 348,570 USA ​ 1,078,124 ​ 4,038,803 ​ 5,116,927 Other ​ 186,005 ​ — ​ 186,005 ​ ​ 1,612,699 ​ 4,038,803 ​ 5,651,502 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sale of Rental of ​ 2022 ​ ​ electric boats ​ electric boats ​ Total ​ $ $ $ Canada ​ 557,639 ​ — ​ 557,639 USA ​ 1,292,666 ​ 4,793,861 ​ 6,086,527 Other ​ 706,780 ​ — ​ 706,780 ​ ​ 2,557,085 ​ 4,793,861 ​ 7,350,946 ​

Grants and investment tax credi

Grants and investment tax credits	12 Months Ended
	Aug. 31, 2024
Grants and investment tax credits
Grants and investment tax credits	22. Grants and investment tax credits During the year ended August 31, 2024, the Company recognized grants and investment tax credits amounting to $66,761 [August 31, 2023 – $232,882; August 31, 2022 - $1,458,632], of which nil are presented against research and development expenses [August 31, 2023 – $144,032; August 31, 2022 – $1,408,840], nil against cost of sales [August 31, 2023 – nil; August 31, 2022 - $8,535] and nil as a reduction of property and equipment and intangible assets [August 31, 2023 – nil; August 31, 2022 - $40,584]. Office salaries and benefits are presented net of $66,761 [August 31, 2023 – $88,850; August 31, 2022 - nil] of grants.

Net finance (income) expense

Net finance (income) expense	12 Months Ended
	Aug. 31, 2024
Net finance (income) expense
Net finance (income) expense	23. Net finance (income) expense ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Interest and bank charges ​ 249,627 142,117 184,895 Interest income ​ (64,118) (113,334) (379,288) Foreign currency exchange gain ​ (48,881) (208,132) (251,947) Transaction costs [note 17] ​ 1,860,335 ​ 719,167 ​ — Gain on derivative liabilities [note 17] ​ (12,081,094) ​ (2,055,688) ​ — Loss on securities exchange [note 17] ​ 1,715,543 ​ — ​ — Loss on warrant re-pricing [note 17] ​ 887,827 ​ — ​ — Loss (gain) on Debentures [note 8] ​ — (88,666) 670,000 ​ ​ (7,480,761) (1,604,536) 223,660 ​

Income taxes

Income taxes	12 Months Ended
	Aug. 31, 2024
Income taxes
Income taxes	24. Income taxes The income tax expense on the Company’s loss before tax differs from the theoretical amount that would arise using the federal, provincial and foreign statutory tax rates applicable. The difference is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Income taxes at the applicable tax rate of 26.5% [2023 – 26.5%; 2022 – 26.5%] ​ (3,793,762) (5,606,886) (3,406,162) Adjustment in respect of current and deferred income tax of previous year ​ 789,334 (72,894) (4,396) Permanent differences ​ 2,526 70,418 823,119 Change in recognition of deferred income tax assets ​ 2,746,439 5,328,487 2,816,417 Other ​ — — 29,365 Total income tax (recovery) expense ​ (255,463) (280,875) 258,343 ​ Deferred income taxes reflect the net tax impact of temporary differences between the value of assets and liabilities for accounting and tax purposes. The main components of the deferred tax expense and deferred tax assets and liabilities were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as at ​ Recognized ​ ​ ​ ​ ​ Balance as at ​ ​ August 31, ​ in net ​ ​ ​ ​ ​ August 31, ​ ​ 2023 ​ loss ​ Deconsolidated ​ Other ​ 2024 ​ $ $ $ $ $ Temporary differences ​ ​ ​ ​ ​ Property and equipment ​ (184,176) ​ (50,882) ​ 198,275 ​ (3,686) ​ (40,469) Intangibles ​ (255,278) ​ 26,428 ​ (2,594) ​ 36 ​ (231,408) Net operating losses ​ 9,354,764 ​ 3,019,259 ​ (120,802) ​ — ​ 12,253,221 Financing fees ​ 732,369 ​ 140,459 ​ — ​ — ​ 872,828 Research and development ​ 987,997 ​ 79,352 ​ — ​ — ​ 1,067,349 Difference in timing of recognition ​ 755,900 ​ 34,737 ​ (233,328) ​ 2,569 ​ 559,878 Right-of-use asset ​ (603,989) ​ 340,679 ​ 222,297 ​ (3,446) ​ (44,459) Lease liability ​ 664,308 ​ (363,979) ​ (261,506) ​ 6,458 ​ 45,281 Net capital losses ​ 50,418 ​ — ​ — ​ — ​ 50,418 Unrecognized deferred tax assets ​ (11,478,990) ​ (2,960,676) ​ — ​ — ​ (14,439,666) Deferred tax liability ​ 23,323 ​ 265,377 ​ (197,658) ​ 1,931 ​ 92,973 ​ The net operating losses carried forward and deductible temporary differences for which deferred tax assets have not been recognized amounted to $54,489,000 as at August 31, 2024 [2023 - $45,415,000]. Of these amounts, $46,369,000 [2023 - $35,333,000] relates to net operating losses carried forward, that will expire between 2040 and 2044 and $4,271,000 [2023 - $3,541,000] relates to research and development expenditures, which can be carried forward indefinitely. As of August 31, 2024, the Company has available Canadian federal non-refundable investment tax credits of $678,000 [2023 - $642,000] related to research and development expenditures which may be used to reduce Canadian federal income taxes payable in future years. These non-refundable investment tax credits will expire between 2041 and 2043. The benefits of these non-refundable investment tax credits have not been recognized in the consolidated financial statements.

Capital disclosures

Capital disclosures	12 Months Ended
	Aug. 31, 2024
Capital disclosures
Capital disclosures	25. Capital disclosures The Company’s objectives in managing capital are: a. to safeguard the entity’s ability to continue as a going concern, so that it can continue to provide returns for shareholders and benefits for other stakeholders; and b. to provide an adequate return to shareholders by pricing products and services commensurately with the level of risk. ​ Capital is regarded as total equity, as recognized in the statement of financial position, plus net debt. Net debt is calculated as total borrowings less cash and cash equivalents. The Company manages and adjusts its capital structure considering changes in economic conditions. To maintain or adjust its capital structure, the Company may issue debt or new shares. Financing decisions are generally made on a specific transaction basis and depend on such things as the Company’s needs, capital markets and economic conditions at the time of the transaction. Management reviews its capital management approach on an ongoing basis and believes that this approach is reasonable, given the size of the Company. The Company does not have any externally imposed capital compliance requirements at August 31, 2024.

Fair value measurement and hier

Fair value measurement and hierarchy	12 Months Ended
	Aug. 31, 2024
Financial risk management and fair value measurement
Financial risk management and fair value measurement	26. Financial risk management and fair value measurement 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”): a. Level 1: Quoted prices in active markets for identical items [unadjusted]; b. Level 2: Observable direct or indirect inputs other than Level 1 inputs; and c. 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 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 fiscal year ended August 31, 2023, the Company recorded an impairment loss on the Debentures based on the estimated recoverable amount of the financial asset [note 8] The fair value of the derivative liabilities related to the warrants issued 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 at August 31, 2024, the Company used volatility of approximately 83% to 88% over the remaining contractual life in order to determine the fair value of the derivative liabilities. 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 August 31, 2024 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. Financial risk management The Company is exposed to risks that arise from its use of financial instruments. This note describes the Company’s objectives, policies and processes for managing those risks and the methods used to measure them. [a] Credit risk Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The Company has a strict code of credit, including obtaining instalment payments, obtaining agency credit information and setting appropriate credit limits. The maximum exposure to credit risk at the reporting date, is the carrying amount of financial assets. The Company does not hold any collateral. Credit risk related with the Debentures is reflected in the fair value of the instrument [note 8] Trade and other receivables are generally written off when there is no reasonable expectation of recovery. Indicators of this include the failure for a debtor to engage in a repayment plan, no active enforcement activity and a failure to make contractual payments. [b] Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting its financial obligations as they fall due. The Company is exposed to liquidity risk primarily from its trade and other payables, other financial liabilities and long-term debt. ​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual ​ Less than ​ ​ ​ ​ cash flows ​ one year ​ 1-5 years ​ $ $ $ August 31, 2024 ​ Trade and other payables ​ 2,062,044 2,062,044 — Long-term debt ​ 458,640 101,397 357,243 ​ ​ 2,520,684 2,163,441 357,243 ​ ​ ​ ​ ​ ​ ​ August 31, 2023 ​ Trade and other payables ​ 550,836 550,836 — Other financial liabilities ​ 113,694 113,694 — Long-term debt ​ 305,329 231,546 73,783 ​ ​ 969,859 896,076 73,783 ​ [c] Interest rate risk The Company is exposed to interest rate risk on its variable rate bank indebtedness and variable and fixed rate long-term debt. Fixed-rate borrowings expose the Company to fair value risk while variable rate borrowings expose the Company to cash flow risk. [d] Foreign exchange risk Foreign exchange risk is the risk that future cash flows or fair value of a financial instrument will fluctuate due to changes in foreign exchange rates. The Company is exposed to transactional foreign currency risk to the extent that there is a mismatch between the currencies in which sales, purchases, receivables and borrowings are denominated and the respective functional currencies of the Company and its subsidiaries. The Company has certain financial assets and liabilities denominated in United States dollars. The Canadian dollar equivalent carrying amounts of these assets and liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Cash ​ 38,107 3,258,419 Trade and other receivables ​ 28,488 188,001 Trade and other payables ​ 2,224,737 800,149 ​ Sensitivity A reasonably possible 5% strengthening (weakening) of the U.S. dollar against the Canadian Dollar at the reporting date would have increased (decreased) net loss and other comprehensive loss by the amounts shown below. This analysis assumes that all other variables remain constant. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Loss Other Comprehensive Income ​ ​ + 5% - 5% ​ + 5% - 5% ​ ​ $ ​ $ ​ $ ​ $ August 31, 2024 ​ 107,907 (107,907) (17,658) 17,658 ​

Segment information

Segment information	12 Months Ended
	Aug. 31, 2024
Segment information
Segment information	27. 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: a. Sale of electric boats – manufacture of customized electric boats for consumer market and sale of boat parts maintenance, and b. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended August 31, 2024 ​ Sale of Rental of Inter-segment ​ ​ ​ electric boats ​ electric boats ​ eliminations Total ​ ​ $ ​ $ ​ $ ​ $ Revenue from external customers ​ 1,847,918 ​ 1,946,427 ​ — ​ 3,794,345 Revenue from other segments ​ 487,000 ​ 16,962 ​ (503,962) ​ — Segment revenues 2,334,918 1,963,389 (503,962) 3,794,345 Segment gross profit (loss) 570,268 1,095,179 (168,009) 1,497,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment loss before tax (4,180,670) (9,078,914) (1,056,499) (14,316,083) Research and development 2,739,022 — — 2,739,022 Office salaries and benefits 2,890,588 416,832 — 3,307,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 1,612,699 4,038,803 — 5,651,502 Revenue from other segments ​ 867,097 336,683 (1,203,780) — Segment revenues ​ 2,479,796 4,375,486 (1,203,780) 5,651,502 Segment gross profit (loss) ​ (242,590) 1,966,466 (187,450) 1,536,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment loss before tax ​ (20,363,838) (623,856) (170,367) (21,158,061) Research and development ​ 5,938,010 — (233,098) 5,704,912 Office salaries and benefits ​ 2,769,196 1,237,246 7,739 4,014,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2022 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 2,557,086 4,793,860 — 7,350,946 Revenue from other segments ​ 820,383 80,842 (901,225) — Segment revenues ​ 3,377,469 4,874,702 (901,225) 7,350,946 Segment gross profit (loss) ​ 596,570 2,839,970 (150,975) 3,285,565 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment (loss) profit before tax ​ (13,632,377) 872,787 (93,852) (12,853,442) Research and development ​ 2,242,794 — — 2,242,794 Office salaries and benefits ​ 2,384,746 951,053 — 3,335,799 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2024 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ Eliminations ​ Total ​ $ $ $ $ Segment assets ​ 19,737,669 2,960,124 (11,277,388) 11,420,241 Cash ​ 28,108 35,018 — 63,126 Additions to property and equipment ​ 280,587 487,000 (185,744) 599,578 Segment liabilities ​ 8,306,618 1,151,501 (1,013,824) 8,400,254 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric 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	12 Months Ended
	Aug. 31, 2024
Additional cash flows information.
Additional cash flows information	28. Additional cash flows information Financing and investing activities not involving cash: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Additions to right-of-use assets ​ 237,469 921,498 234,608 Lease termination ​ 1,160,649 101,471 273,652 ​

Commitments

Commitments	12 Months Ended
	Aug. 31, 2024
Commitments
Commitments	29. Commitments In addition to the obligations under leases [note 15] ​ ​ ​ ​ ​ $ 2025 ​ 3,180,531 2026 ​ 1,283,257 ​ In October 2021, EB Rental FL Corp. has entered into lease arrangement for premises, which have not commenced yet and therefore related right-of-use asset and lease liability are not recorded as at August 31, 2024. The lease offers EB Rental FL Corp. a termination clause in case certain contractual requirements are not met by the lessor at the lease commencement date. The Company’s undiscounted lease commitments related to this lease are as follows as at August 31, 2024: ​ ​ ​ ​ $ 2025 ​ 53,964 2026 ​ 162,971 2027 ​ 166,231 2028 and thereafter ​ 459,320 ​ ​ 842,486 ​

Deconsolidation of subsidiary

Deconsolidation of subsidiary	12 Months Ended
	Aug. 31, 2024
Deconsolidation of subsidiary
Deconsolidation of subsidiary	30. Deconsolidation of subsidiary ​ On April 25, 2024, the Company sold 100% of the shares of EB Rental, Ltd., which previously facilitated its electric boat rental operations located in Newport Beach, California, to EB Strategies Inc. for $1,089,302. The Company continues to own and operate its electric boat rental operations in Ventura, California and Palm Beach, Florida. Up until April 25, 2024, EB Strategies Inc was considered a related party whose controlling shareholder was a member of management of the Company’s boat rental operation. His employment and association with the Company ended at the close of this transaction. These consolidated financial statements have been prepared based on the books and records maintained by the Company, and the subsidiaries that it controls. However, due to the above sale of EB Rental, Ltd., the control over this subsidiary was deemed to have been lost as of April 25, 2024. As such, the Company ceased consolidating this subsidiary as at April 25, 2024. The gain on the disposal of EB Rental, Ltd. at the deconsolidation date was determined as follows: ​ ​ ​ ​ $ Fair Value Consideration received ​ ​ 1,089,302 ​ ​ ​ ​ ​ ​ ​ Add: EB Rental, Ltd. net deficit at disposal ​ ​ ​ ​ - EB Rental Ltd. share capital at disposal ​ (100) ​ ​ ​ - EB Rental Ltd. deficit at disposal ​ 165,427 ​ 165,327 ​ ​ ​ ​ ​ ​ ​ Less: Goodwill attributable to EB Rental, Ltd. ​ ​ ​ (1,079,040) ​ ​ ​ ​ ​ ​ ​ Total gain on deconsolidation date ​ ​ ​ 175,589 ​ ​ On the deconsolidation date, EB Rental, Ltd.’s net assets (liabilities) were determined as follows: ​ ​ $ ​ ​ ​ ​ Current assets ​ 363,825 ​ Right of use assets ​ 804,596 ​ Property, plant and equipment ​ 555,875 ​ Other assets ​ 83,726 ​ Current liabilities ​ (1,132,115) ​ Lease liabilities ​ (937,427) ​ Other comprehensive income ​ 96,193 ​ ​ ​ ​ ​ ​ ​ (165,327) ​

Subsequent events

Subsequent events	12 Months Ended
	Aug. 31, 2024
Subsequent events
Subsequent events	31. Subsequent events On September 16, 2024, the Company issued 377,778 Voting Common Shares as part of a public offering for a total cash consideration of $4,621,620, net of transaction costs of $1,088,964. During the month of September 2024, 400 Series A Convertible Preferred Shares were converted into 9,877 Voting Common Shares During the months of September, October and November 2024, the Company issued a total of 124,642 Voting Common Shares to third parties in exchange of sub-contracting services provided to the Company related to marketing and investor relations. During the months of October and November 2024, the Company issued 695,583 Voting Common Shares as part of an “at the market” public offering for a total cash consideration of US$2,572,680, less transaction costs of US$77,252. The Company is entitled to issue up to US$11.75 million worth of Voting Common Shares under this offering. On October 8, 2024, the Company implemented a reverse stock split, consolidating every 9

Significant accounting polici_2

Significant accounting policies (Policies)	12 Months Ended
	Aug. 31, 2024
Significant accounting policies
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents include cash on hand, cash held on trust, deposits held at call with banks, other short term highly liquid investments with original maturities of three months or less.
Trade and other receivables	Trade and other receivables Trade receivables are initially recognized at fair value and subsequently measured at amortized cost using the effective interest method, less any allowance for expected credit losses. Trade receivables are generally due for settlement within 30 days. The Company has applied the simplified approach to measuring expected credit losses, which uses a lifetime expected loss allowance. To measure the expected credit loss, trade receivables have been grouped based on days overdue. Other receivables are recognized at amortized cost, less any allowance for expected credit loss.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Raw materials are valued on a first-in first-out basis. Cost of work in progress and finished goods comprises direct materials and delivery costs, direct labour, import duties and other taxes, and appropriate proportion of variable and fixed overhead expenditure based on normal operating capacity. Cost of purchased inventory is determined after deducting rebates and discounts received or receivable. Net realizable value is the estimated selling price in the ordinary course of business less estimated costs of completion and the estimated costs necessary to make the sale.
Grants and investment tax credits	Grants and investment tax credits Government grants are recognized where there is reasonable assurance that the grant will be received, and all attached conditions will be complied with. When the grant relates to an expense item, it is recognized as income on a systematic basis over the periods that the related costs, for which it is intended to compensate, are expensed. Where retention of a government grant is dependent on the Company satisfying certain criteria, it is initially recognized as deferred income. When the criteria for retention have been satisfied, the deferred income balance is released to the statement of consolidated comprehensive loss or netted against the asset purchased.
Leases	Leases Right-of-use assets The Company recognizes right-of-use assets at the commencement date of the lease [i.e., the date the underlying asset is available for use]. Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Unless the Company is reasonably certain to obtain ownership of the leased asset at the end of the lease term, the recognized right-of-use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term ranging from two Lease liabilities At the commencement date of the lease, the Company recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments [including in-substance fixed payments] less any lease incentives receivable and variable lease payments that depend on an index or a rate. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating a lease, if the lease term reflects the Company exercising the option to terminate. The variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Company uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. Interest accretion is recorded as interest expense in finance costs. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. Short-term leases and leases of low-value assets The Company applies the short-term lease recognition exemption to its short-term leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option. It also applies the lease of low-value assets recognition exemption to leases of office equipment that are considered of low value [i.e., below $5,000]. Lease payments on short-term leases and leases of low-value assets are recognized as expense on a straight-line basis over the lease term. For the year-ended August 31, 2024, the expense for leases of low-value assets is insignificant.
Property and equipment	Property and equipment Property and equipment is stated at cost less accumulated depreciation and accumulated impairment losses, if any. Cost includes expenditures that are directly attributable to the acquisition of the asset. Depreciation is recorded to recognize the cost of assets over their useful lives. The estimated useful lives and depreciation methods are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. ​ Asset type Methods Rates Computer equipment Declining balance method 55% Machinery and equipment Declining balance method 20% Rolling stock Declining balance method 30% Leasehold improvements Straight-line method Over the term of the lease Boat rental fleet Straight-line method 15 years Moulds Straight-line method 25 years ​ Any item of property and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an asset is determined as the difference between the sales and proceeds and the carrying amount of the asset and is recognized in profit or loss. Repairs and maintenance costs that do not improve or extend productive life are recognized in profit or loss in the period in which the costs are incurred.
Intangible assets and goodwill	Intangible assets and goodwill Expenditure on research activities is recognized in net earnings as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable and the Company intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in net earnings as incurred. The Company has not capitalized any development costs. When awarded with government grants and income tax credits, the Company recognizes the income either in net loss, netted with the related expenses, or as a reduction of the cost, when related with capitalized development expenditure. Goodwill arising from business combinations is initially recognized when the fair value of the separately identifiable assets the Company acquired and liabilities the Company assumed is lower than the consideration paid [including the recognized amount of the non-controlling interest, if any]. If the fair value of the consideration transferred is lower than that of the separately identified assets and liabilities, the Company immediately recognizes the difference as a gain in the consolidated statement of comprehensive loss. Other intangible assets, including intellectual property, software, trade name, backlog and website that have finite useful lives are measured at cost less accumulated amortization and accumulated impairment losses. Amortization is calculated over the cost of the asset less its residual value. Amortization is recognized in net earnings on a straight-line basis over the estimated useful lives of intangible assets from the date that they are available for use. The estimated useful lives are as follows: ​ Asset type Methods Rates Intellectual property Straight-line method 10 years Software Straight-line method 7 years Trade name Straight-line method 5 years Backlog Straight-line method 3 years Website Straight-line method 5 years ​ Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate.
Impairment of non-financial assets	Impairment of non-financial assets Non-financial assets other than goodwill At the end of each reporting period, the Company reviews the carrying amounts of its non-financial assets, other than goodwill, to determine whether there is any indication of impairment. If any such indication exists, the recoverable amount of the asset is estimated. Where it is not possible to estimate the recoverable amount of an individual asset, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or groups of assets [the “cash-generating unit”, or “CGU”]. Recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. If the recoverable amount of an asset or CGU is lower than its carrying amount, the carrying amount is reduced to its recoverable amount. An impairment loss is recognized immediately in the consolidated statement of comprehensive loss. Where an impairment loss subsequently reverses, the carrying amount of the asset or CGU is increased to the revised recoverable amount, to the extent that the carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognized. A reversal of an impairment loss is recognized immediately in the consolidated statement of comprehensive loss. Goodwill After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For purposes of impairment testing, goodwill is allocated to each of the Company’s CGU [or groups of CGUs] that is expected to benefit from the synergies of the combination. A CGU to which goodwill has been allocated is tested for impairment annually, or more frequently when there is indication that the CGU may be impaired. If the recoverable amount of the CGU is less than its carrying amount, the impairment loss is allocated first to reduce the goodwill allocated to the CGU and then, to reduce the carrying amounts of the other assets in the CGU on a pro-rata basis. Any impairment loss is recognized in the consolidated statement of comprehensive loss. An impairment loss recognized for goodwill is not reversed in subsequent periods.
Trade and other payables	Trade and other payables These amounts represent liabilities for goods and services provided to the entity prior to the end of the financial year and which are unpaid. Due to their short-term nature, they are measured at amortized cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.
Provisions	Provisions Provisions are recognized when the Company has a present obligation as a result of a past event, it is probable the Company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. The amount recognized as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. If the time value of money is material, provisions are discounted using a current pre-tax rate specific to the liability. The increase in the provision resulting from the passage of time is recognized as a finance cost.
Onerous contracts	Onerous contracts An onerous contract is a contract under which the unavoidable costs (i.e., the costs that the Company cannot avoid because it has the contract) of meeting the obligations under the contract exceed the economic benefits expected to be received under it. The unavoidable costs under a contract reflect the least net cost of exiting from the contract, which is the lower of the cost of fulfilling it and any compensation or penalties arising from failure to fulfil it. The cost of fulfilling a contract comprises the costs that relate directly to the contract (i.e., both incremental costs and an allocation of costs directly related to contract activities). When the Company has a contract that is onerous, the present obligation under the contract is recognized and measured as a provision. However, before a separate provision for an onerous contract is established, the Company recognizes any impairment loss that has occurred on assets used in fulfilling the contract.
Fair value measurement	Fair value measurement When an asset or liability, financial or non-financial, is measured at fair value for recognition or disclosure purposes, the fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date; and assumes that the transaction will take place either: in the principal market; or in the absence of a principal market, in the most advantageous market. Fair value is measured using the assumptions that market participants would use when pricing the asset or liability, assuming they act in their economic best interests. For non-financial assets, the fair value measurement is based on its highest and best use. Valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, are used, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Assets and liabilities measured at fair value are classified into three levels, using a fair value hierarchy that reflects the significance of the inputs used in making the measurements. Classifications are reviewed at each reporting date and transfers between levels are determined based on a reassessment of the lowest level of input that is significant to the fair value measurement.
Financial instruments	Financial instruments Classification and measurement of financial instruments The Company measures its financial assets and financial liabilities at fair value on initial recognition, which is typically the transaction price unless a financial instrument contains a significant financing component. Subsequent measurement is dependent on the financial instrument’s classification which in the case of financial assets, is determined by the context of the Company’s business model and the contractual cash flow characteristics of the financial asset. Financial assets are classified into two categories: [1] measured at amortized cost and [2] fair value through profit and loss [“FVTPL”]. Financial liabilities are subsequently measured at amortized cost at the effective interest rate, other than financial liabilities that are measured at FVTPL or designated as FVTPL where any change in fair value resulting from an entity’s own credit risk is recorded as other comprehensive income [“OCI”]. The Company assesses the classification of warrants to purchase common shares of the Company, whether the warrants issued meet the criteria of an equity instrument (i.e. the warrants would be settled by the issuance of fixed number of common shares of the Company at a fixed exercise price) or a financial liability. Since the exercise price of these warrants is denominated in U.S. dollars, while the functional currency of the Company is Canadian dollar, the value of the proceeds on exercise of the warrants is not fixed and will vary based on the foreign exchange rate movements. As such, the Company classified the warrants, other than warrants issued as compensation for goods and services, as derivative liabilities, measured at fair value at initial recognition and at each reporting period. Any changes in fair value are recorded as gain or loss in the consolidated statement of comprehensive loss. Refer to note 20 and 26 for details on the warrants issued and outstanding for the year ended August 31, 2024, the derivative liabilities recorded and the assumptions used to determine the fair value. The Company assesses the classification of the Series A and B Convertible Preferred Shares of the Company, whether these securities meet the criteria of an equity instrument (i.e. they would be settled by the issuance of fixed number of common shares of the Company upon conversion) or a financial liability. Since the conversion price of these securities is denominated in U.S. dollars, while the functional currency of the Company is Canadian dollar, the number of common shares to be issued on conversion is not fixed and will vary based on the foreign exchange rate movements. As such, the Company classified the Series A and B Convertible Preferred Shares as derivative liabilities, measured at fair value at initial recognition and at each reporting period. The fair value gain or loss determined at the initial recognition date of these securities is amortized over the period between the initial recognition date and the forced conversion date. Any subsequent changes in fair value are recorded as gain or loss in the consolidated statement of comprehensive loss. Refer to notes 17 and 26 for details on the Series A and B Convertible Preferred Shares issued and outstanding for the year ended August 31, 2024, the derivative liabilities recorded and the assumptions used to determine the fair value. Amortized cost The Company classifies trade and other receivables, other financial assets, trade and other payables, other financial liabilities, long-term debt and advances to/from related parties as financial instruments measured at amortized cost. The contractual cash flows received from the financial assets are solely payments of principal and interest and are held within a business model whose objective is to collect the contractual cash flows. Fair value through profit and loss The Company classifies debentures as financial instruments measured at fair value through profit and loss since the contractual cash flows received from the financial asset are not solely payments of principal and interest. Impairment of financial assets The Company recognizes a loss allowance for expected credit losses on financial assets measured at amortized cost. The measurement of the loss allowance depends upon the Company’s assessment at the end of each reporting period as to whether the financial instrument’s credit risk has increased significantly since initial recognition, based on reasonable and supportable information that is available, without undue cost or effort to obtain. Where there has not been a significant increase in exposure to credit risk, a 12-month expected credit loss allowance is estimated. The amount of expected credit loss recognized is measured on the basis of the probability weighted present value of anticipated cash shortfalls over the life of the instrument discounted at the original effective interest rate. Impairment provisions for current and non-current trade receivables are recognized based on the simplified approach within IFRS 9 using a provision matrix in the determination of the lifetime expected credit losses. Equity instruments Financial instruments issued by the Company are classified as equity only to the extent that they do not meet the definition of a financial liability or financial asset. An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issuance costs. The Company’s common shares and Pre-Funded Warrants are classified as equity instruments.
Revenue recognition	Revenue recognition Revenue is recognized at an amount that reflects the consideration to which the Company is expected to be entitled in exchange for transferring goods or services to a customer. For each contract with a customer, the Company: ● identifies the contract with the customer; ● identifies the performance obligations in the contract; ● determines the transaction price which takes into account estimates of variable consideration and the time value of money; ● allocates the transaction price to separate performance obligations on the basis of relative stand-alone selling price of each distinct good or service to be delivered; and, ● recognizes revenue when or as each performance obligation is satisfied in a manner that depicts the transfer to the customer of the goods or services promised. The Company enters into contracts with customers, as well as distributor agreements with specific distributors for the sale of boats. Sale of boats Revenue from the sale of boats, including incidental shipping fees, is recognized at the point in time when the customer obtains control of the goods, which is generally at the shipping point. In the context of its distributor agreements, control is passed at the shipping point to the distributor as the Company has no further performance obligations at that point. The Company concluded that it is the principal in its revenue arrangements, because it typically controls the boats before transferring them to the customer. The amount of consideration the Company receives, and the revenue recognized varies with volume rebate programs offered to distributors. When the Company offers retrospective volume rebates, it estimates the expected volume rebates based on an analysis of historical experience, to the extent that it is highly probable that a significant reversal will not occur. The Company adjusts its estimate of revenue related to volume rebates at the earlier of when the most likely amount of consideration expected to be received changes or when the consideration becomes fixed. The Company recognizes customer deposits on the sale of boats as contract liabilities. Boat rental and boat club membership revenue Revenue from boat rentals is recognized at a point in time when the services are completed given the short term rental period. Boat club membership revenue is recognized over time as the service is provided. These services are typically provided, and thus revenue is typically recognized, on a monthly basis. The Company recognizes customer prepayments on boat rentals and boat club memberships as contract liabilities. Sale of parts and boat maintenance Revenue from the sale of parts and related maintenance services are recognized at the point in time when the customer obtains control of the parts and when services are completed. Other Other revenue is recognized when it is received or when the right to receive payment is established. Contract liabilities A contract liability is recognized if a payment is received, or a payment is due [whichever is earlier] from a customer before the Company transfers the related goods or services. Contract liabilities are recognized as revenue when the Company performs under the contract [i.e., transfers control of the related goods or services to the customer].
Share-based payments	Share-based payments The Company has a share option plan for key employees, consultants, advisors, officers and directors from which options to purchase common stock of the Company are issued. The Company also issues warrants to non-employees granting the right to purchase common stock of the Company at a determined exercise price . All share-based remuneration is ultimately recognized as an expense in profit or loss with a corresponding credit to contributed surplus. If vesting periods or other vesting conditions apply, the expense is allocated over the vesting period, based on the best available estimate of the number of share options expected to vest. Any adjustment to cumulative share-based compensation resulting from a revision is recognized in the current period. The number of vested options ultimately exercised by holders does not impact the expense recorded in any period.
Foreign currency translation	Foreign currency translation The Company’s 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 currencies for EB Rental, Ltd., EB Rental Ventura Corp., EB Rental FL Corp., EBR Palm Beach Inc. and Vision Marine Technologies Corp. are the US dollar. The Company and its subsidiaries each determine their functional currency based on the currency of the primary economic environment in which they operate. Transactions denominated in a currency other than the functional currency of an entity are translated at the exchange rate in effect on the transaction date. The resulting exchange gains and losses are included in each entity’s net loss in the period in which they arise. The Company’s foreign operations are translated to the Company’s presentation currency, for inclusion in the consolidated financial statements. Foreign-denominated monetary and non-monetary assets and liabilities of foreign operations are translated at exchange rates in effect at the end of the reporting period and revenue and expenses are translated at exchange rates in effect at the transaction date. The resulting translation gains and losses are included in other comprehensive income with the cumulative gain or loss reported in accumulated other comprehensive income. On disposal of a foreign operation, the component of OCI relating to that particular foreign operation is reclassified to profit or loss. The exchange rates for the currencies used in the preparation of the consolidated financial statements were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange rate as at ​ Average exchange rate for year ended ​ August 31, August 31, August 31, August 31, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 US dollar 1.3491 1.3535 1.3601 1.3465
Taxes	Taxes Tax expense comprises current and deferred tax. Tax is recognized in net loss except to the extent it relates to items recognized in other comprehensive income or directly in equity. Current tax Current tax expense is based on the results for the period as adjusted for items that are not taxable or not deductible. Current tax is calculated using tax rates and laws that were enacted or substantively enacted at the end of the reporting period. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. Deferred tax Deferred taxes are the taxes expected to be payable or recoverable on differences between the carrying amounts of assets in the statement of financial position and their corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences between the carrying amounts of assets and their corresponding tax bases. Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can be utilized. Such assets and liabilities are not recognized if the temporary difference arises from the initial recognition of goodwill or from the initial recognition [other than in a business combination] of other assets in a transaction that affects neither the taxable profit nor the accounting profit. The Company offsets deferred tax assets and deferred tax liabilities if and only if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realize the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.
Earnings per share	Earnings per share Basic earnings per share is calculated by dividing the profit or loss attributable to equity holders of the Company by the weighted average number of common stock outstanding during the year. Diluted income per share is calculated by dividing the profit attributable to equity holders of the Company by the weighted average number of common stock outstanding, adjusted for the effects of all dilutive potential common stock. For the purpose of calculating diluted earnings per share, the Company assumes the exercise of dilutive options and warrants of the entity. The assumed proceeds from these instruments are regarded as having been received from the issue of common stock at the average market price of common shares during the period. The difference between the number of common shares issued and the number of common shares that would have been issued at the average market price of common shares during the period is treated as an issue of common shares for no consideration.
Standards issued but yet not effective	Standards issued but yet not effective The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Company’s financial statements are disclosed below. The Company intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. Amendments to IFRS 16: Lease Liability in a Sale and Leaseback In September 2022, the IASB issued amendments to IFRS 16, Leases, to specify the requirements that a seller- lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. The amendments are effective for annual reporting periods beginning on or after 1 January 2024 and must applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. The amendments are not expected to have a material impact on the Company’s consolidated financial statements. 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 In addition, a requirement has been introduced to require disclosure when a liability arising from a loan agreement is classified as non-current and the entity’s right to defer settlement is contingent on compliance with future covenants within twelve months. The amendments are effective for annual reporting periods beginning on or after 1 January 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 17 Amendments to IAS 7 and IFRS 7: Supplier Finance Arrangements The amendments clarify the characteristics of supplier finance arrangements and require additional disclosure of such arrangements. The disclosure requirements in the amendments are intended to assist users of financial statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. The amendments are effective for annual reporting periods beginning on or after 1 January 2024 and must be applied retrospectively to sale and leaseback transactions entered into after the date of initial application of IFRS 16. The amendments are not expected to have a material impact on the Company’s consolidated financial statements. Amendments to IAS 1 - Non-current liabilities with agreements In October 2022, amendments to IAS 1 were issued to clarify that only covenants with which an entity must comply on or before the reporting date will affect a liability's classification as current or non-current. When noncurrent liabilities from loan arrangements are subject to future covenants, a company now needs to disclose information in the notes to help users of financial statements understand the risk that those liabilities could become repayable within 12 months after the reporting date. The amendments clarify that only covenants with which an entity must comply on or before the reporting date will affect a liability’s classification as current or non-current The amendments will be effective for annual reporting periods beginning on or after 1 January 2024. The amendments are not expected to have a material impact on the Company’s financial statements. Amendments to IAS 21 - Effect of variations in exchange rates - Lack of interchangeability In August 2023, the IASB issued amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates to specify how an entity should assess whether a currency is exchangeable and how it should determine a spot exchange rate when exchangeability is lacking. The amendments also require disclosure of information that enables users of its financial statements to understand how the currency not being exchangeable into the other currency affects, or is expected to affect, the entity’s financial performance, financial position and cash flows. The amendments will be effective for annual reporting periods beginning on or after 1 January 2025. Early adoption is permitted but will need to be disclosed. When applying the amendments, an entity cannot restate comparative information. The amendments are not expected to have a material impact on the Company’s financial statements. IFRS 18 Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18, which replaces IAS 1 Presentation of Financial Statements. IFRS 18 introduces new requirements for presentation within the statement of profit or loss, including specified totals and subtotals. Furthermore, entities are required to classify all income and expenses within the statement of profit or loss into one of five categories: operating, investing, financing, income taxes and discontinued operations, whereof the first three are new. IFRS 18 also requires disclosure of newly defined management-defined performance measures, subtotals of income and expenses, and includes new requirements for aggregation and disaggregation of financial information based on the identified ‘roles’ of the primary financial statements and the notes. In addition, narrow-scope amendments have been made to IAS 7 Statement of Cash Flows, which include changing the starting point for determining cash flows from operations under the indirect method, from ‘profit or loss’ to ‘operating profit or loss’ and removing the optionality around classification of cash flows from dividends and interest. In addition, there are consequential amendments to several other standards. IFRS 18, and the amendments to the other standards, are effective for reporting periods beginning on or after 1 January 2027, but earlier application is permitted and must be disclosed. IFRS 18 will apply retrospectively. The Company is currently working to identify all impacts that the amendments will have on the primary financial statements and notes to the financial statements.

Basis of preparation (Tables)

Basis of preparation (Tables)	12 Months Ended
	Aug. 31, 2024
Basis of preparation
Schedule of significant subsidiaries	​ Name of subsidiary Principal activity Country of incorporation and operation Proportion of ownership held 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 ​ nil 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%

Significant accounting polici_3

Significant accounting policies (Tables)	12 Months Ended
	Aug. 31, 2024
Significant accounting policies
Summary of estimated useful lives and depreciation methods	​ Asset type Methods Rates Computer equipment Declining balance method 55% Machinery and equipment Declining balance method 20% Rolling stock Declining balance method 30% Leasehold improvements Straight-line method Over the term of the lease Boat rental fleet Straight-line method 15 years Moulds Straight-line method 25 years
Schedule of estimated useful lives of intangible assets	​ Asset type Methods Rates Intellectual property Straight-line method 10 years Software Straight-line method 7 years Trade name Straight-line method 5 years Backlog Straight-line method 3 years Website Straight-line method 5 years
Schedule of exchange rates for the currencies used in the preparation of the consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exchange rate as at ​ Average exchange rate for year ended ​ August 31, August 31, August 31, August 31, ​ ​ 2024 ​ 2023 ​ 2024 ​ 2023 US dollar 1.3491 1.3535 1.3601 1.3465

Trade and other receivables (Ta

Trade and other receivables (Tables)	12 Months Ended
	Aug. 31, 2024
Trade and other receivables
Schedule of trade and other receivables	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Trade receivables ​ 26,222 59,364 Sales taxes receivable ​ 104,270 159,114 Other receivables ​ 8,164 332,358 ​ ​ 138,656 550,836
Schedule of aging analysis of receivables	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ 0 – 30 ​ — 13,986 31 – 60 ​ 21,603 — 61 – 90 ​ — — 91 and over ​ 4,619 45,378 ​ ​ 26,222 59,364

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Aug. 31, 2024
Inventories
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ $ $ Raw materials ​ 5,456,935 1,553,501 Work-in-process ​ 383,968 369,753 Finished goods ​ 368,384 522,300 ​ ​ 6,209,287 2,445,554

Right-of-use assets (Tables)

Right-of-use assets (Tables)	12 Months Ended
	Aug. 31, 2024
Right-of-use assets
Schedule of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Computer ​ ​ ​ Boat rental ​ ​ ​ ​ Premises ​ Moulds ​ 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 ​ 38,255 — — 2,099 ​ — 40,354 Balance at August 31, 2023 ​ 3,839,792 — — 43,919 ​ — 3,883,711 Additions ​ — 67,432 — 170,037 ​ — 237,469 Disposals ​ (2,186,552) — — — ​ — (2,186,552) Deconsolidation on sale of subsidiary ​ (1,549,425) ​ — ​ — ​ (46,656) ​ — ​ (1,596,081) Currency translation ​ 9,433 — — 1,113 ​ — 10,546 Balance at August 31, 2024 ​ 113,248 67,432 — 168,413 ​ — 349,093 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 524,772 8,429 — 71,385 ​ — 604,586 Disposal ​ (1,193,933) — — — ​ — (1,193,933) Deconsolidation on sale of subsidiary ​ (748,972) ​ — ​ — ​ (42,513) ​ — ​ (791,485) Balance at August 31, 2024 ​ 20,211 ​ 8,429 ​ — ​ 59,646 ​ — ​ 88,286 Net carrying amount ​ ​ ​ As at August 31, 2023 ​ 2,401,448 — — 13,145 ​ — 2,414,593 As at August 31, 2024 ​ 93,037 59,003 — 108,767 ​ — 260,807

Property and equipment (Tables)

Property and equipment (Tables)	12 Months Ended
	Aug. 31, 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 Transferred from Right-of-use assets ​ — ​ — ​ 3,646 ​ — ​ — ​ 41,161 ​ 44,807 Disposals ​ — (136,072) — — — (499,770) (635,842) 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 ​ 30,845 3,088 — 236,654 10,000 318,991 599,578 Transferred to Inventory ​ — ​ — ​ — ​ — ​ — ​ (154,912) ​ (154,912) Disposals ​ — (6,213) — (62,632) — (360,881) (429,726) Deconsolidation on sale of subsidiary ​ — — — — — (635,327) (635,327) Balance at August 31, 2024 ​ 426,338 46,149 25,243 1,116,447 372,055 289,223 2,275,455 ​ ​ ​ 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 ​ 38,522 4,574 4,374 40,949 101,665 67,908 257,992 Disposals ​ — (3,655) — (728) — (37,646) (42,029) Transferred to Inventory ​ — ​ — ​ — ​ — ​ — ​ (21,394) ​ (21,394) Deconsolidation on sale of subsidiary ​ — ​ — ​ — ​ — ​ — ​ (79,452) ​ (79,452) Balance at August 31, 2024 ​ 267,821 34,929 21,662 150,945 215,502 6,174 697,033 ​ ​ 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 August 31, 2024 ​ 158,517 11,220 3,581 965,502 156,553 283,049 1,578,422

Intangible assets (Tables)

Intangible assets (Tables)	12 Months Ended
	Aug. 31, 2024
Intangible assets
Summary of intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ ​ ​ Trade ​ ​ ​ ​ ​ Property ​ Software Patents ​ 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 Additions ​ — — ​ 63,316 — — — 63,316 Currency translation ​ — — ​ — (862) (604) (172) (1,638) Balance at August 31, 2024 ​ 1,035,070 101,775 ​ 63,316 103,489 83,502 19,897 1,407,049 ​ ​ ​ ​ 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 ​ 103,507 12,920 ​ 1,277 21,028 17,082 4,045 159,859 Balance at August 31, 2024 ​ 366,104 50,540 ​ 1,277 55,893 53,823 10,869 538,506 ​ ​ ​ ​ Net carrying amount ​ ​ ​ As at August 31, 2023 ​ 772,473 64,155 ​ — 69,486 47,365 13,245 966,724 As at August 31, 2024 ​ 668,966 51,235 ​ 62,039 47,596 29,679 9,028 868,543

Trade and other payables (Table

Trade and other payables (Tables)	12 Months Ended
	Aug. 31, 2024
Trade and other payables.
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Trade payables ​ 3,883,020 1,107,310 Sales taxes payable ​ — 62,398 Salaries, vacation and other employee benefits payables ​ 614,488 585,192 ​ ​ 4,497,508 1,754,900 ​

Contract liabilities (Tables)

Contract liabilities (Tables)	12 Months Ended
	Aug. 31, 2024
Contract liabilities
Schedule of contract liabilities	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Opening balance ​ 1,815,731 1,029,318 Payments received in advance ​ 924,913 3,330,235 Boat sale deposits ​ — 151,572 Payments reimbursed ​ — (8,131) Transferred to revenues ​ (997,224) (2,718,943) Deconsolidation on sale of subsidiary ​ (928,833) — Currency translation ​ 13,055 ​ 31,680 Closing balance ​ 827,642 1,815,731 ​

Lease liabilities (Tables)

Lease liabilities (Tables)	12 Months Ended
	Aug. 31, 2024
Lease liabilities
Summary of lease liabilities	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Opening balance ​ 2,641,794 2,415,549 Additions ​ 237,469 921,498 Repayment ​ (650,461) (726,893) Interest on lease liability ​ 116,170 139,132 Lease termination ​ (1,160,649) (151,800) Deconsolidation on sale of subsidiary ​ (937,427) ​ — Currency translation ​ 12,896 44,308 Closing balance ​ 259,792 2,641,794 ​ ​ Current ​ 122,077 647,638 Non-current ​ 137,715 1,994,156 ​ ​ 259,792 2,641,794
Future undiscounted lease payments	Future undiscounted lease payments as at August 31, 2024 are as follows: ​ ​ ​ ​ $ Less than one year 125,719 One to five years 147,878 ​ 273,597

Long-term debt (Tables)

Long-term debt (Tables)	12 Months Ended
	Aug. 31, 2024
Long-term debt.
Summary of long term debt	​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ $ $ The government assistance loan is non-interest bearing until December 31, 2022 at which time the loan bears interest at 5% per annum. The loan must be repaid by December 31, 2025. — 40,000 ​ ​ Term loans, bearing interest at rates varying between 9.44% and 13.87%, repayable in monthly instalments of $13,609, ending December 2026. 458,640 265,329 ​ ​ 458,640 305,329 Current portion of long-term debt 101,397 271,546 ​ 357,243 33,783 ​

Derivative liabilities (Tables)

Derivative liabilities (Tables)	12 Months Ended
	Aug. 31, 2024
Financial risk management and fair value measurement
Schedule of assumptions used to determine the fair value of the warrant	​ Issuance date Original Exercise price Market price Expected volatility Risk-free interest rate Expected life ​ ​ $ ​ $ ​ % ​ % ​ [years] ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 19, 2023 ​ 760.05 ​ 760.05 ​ 100 ​ 3.4 ​ 3 ​ February 17, 2023 ​ 765.45 ​ 816.75 ​ 100 ​ 4.0 ​ 3 ​ April 19, 2023 ​ 761.40 ​ 749.25 ​ 75 ​ 3.9 ​ 3 ​ June 16, 2023 ​ 722.25 ​ 742.50 ​ 75 ​ 4.1 ​ 3 ​ August 2, 2023 ​ 724.95 ​ 688.50 ​ 75 ​ 4.8 ​ 3 ​ September 20, 2023 ​ 734.40 ​ 594.00 ​ 75 ​ 4.8 ​ 3 ​ ​ Issuance date Revised Exercise price Number of warrants outstanding Weighted average remaining contractual life ​ ​ $ ​ # ​ [years] ​ ​ ​ ​ ​ ​ ​ ​ ​ January 19, 2023 ​ 191.23 ​ 4,108 ​ 1.39 ​ February 17, 2023 ​ 191.23 ​ 3,520 ​ 1.47 ​ April 19, 2023 ​ 191.23 ​ 2,826 ​ 1.63 ​ June 16, 2023 ​ 191.23 ​ 3,659 ​ 1.79 ​ August 2, 2023 ​ 191.23 ​ 3,662 ​ 1.92 ​ September 20, 2023 ​ 191.23 ​ 2,763 ​ 2.05 ​
Schedule of movements in derivative financial liabilities	​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ 5,558,822 ​ — ​ Additions ​ 765,733 ​ 7,614,510 ​ Effect on fair value of repricing of warrants ​ 896,458 ​ — ​ Change in estimate of fair value ​ (7,190,449) ​ (2,055,688) ​ Closing balance ​ 30,564 ​ 5,558,822 ​
Series A Convertible Preferred Shares
Financial risk management and fair value measurement
Schedule of movements in derivative financial liabilities	​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ — ​ — ​ Fair value at issuance ​ 12,744,593 ​ — ​ Deferred loss at issuance ​ (8,737,194) ​ — ​ Revaluation at the end of the period ​ (10,336,357) ​ — ​ Amortization of the deferred loss during the period ​ 7,325,187 ​ — ​ Conversion to Voting Common Shares during the period [ Note 19 ​ (301,997) ​ — ​ Closing balance ​ 694,232 ​ — ​
Series B Convertible Preferred Shares
Financial risk management and fair value measurement
Schedule of movements in derivative financial liabilities	​ ​ As at August 31, 2024 As at August 31, 2023 ​ ​ $ ​ $ ​ ​ ​ ​ ​ ​ ​ Opening balance ​ — ​ — ​ Fair value at issuance ​ 6,888,006 ​ — ​ Deferred loss at issuance ​ (2,841,008) ​ — ​ Revaluation at the end of the period ​ (4,642,780) ​ — ​ Amortization of the deferred loss during the period ​ 1,674,778 ​ — ​ Accelerated amortization of the deferred loss during the period ​ 376,598 ​ — ​ Closing balance ​ 1,455,594 ​ — ​

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Aug. 31, 2024
Related party transactions
Summarizes the related party transactions and the amounts due to and from related parties	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Expenses ​ Research and Development ​ Mac Engineering, SASU ​ 2,759,362 545,892 666,178 ​ ​ Office salaries and benefits ​ Montana Strategies Inc. ​ — 29,059 62,462 ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Wages ​ 1,856,453 2,447,827 2,324,770 Share-based payments – capital stock ​ 115,577 433,263 — Share-based payments – stock options ​ 141,797 382,196 2,560,031 ​ ​ 2,113,827 3,263,286 4,884,801 ​ ​ ​ ​ ​ ​ ​ 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 (from) related party ​ Alexandre Mongeon ​ (84,616) 20,135 ​ ​ Amounts due to related parties included in trade and other payable ​ Alexandre Mongeon ​ 86,152 19,384 Xavier Montagne ​ 11,615 ​ 10,454 Raffi Sossoyan ​ 11,500 ​ — Patrick Bobby ​ — 13,847 Kulwant Sandher ​ — 8,654 California Electric Boat Company ​ 197,862 — Mac Engineering, SASU ​ 1,006,541 9,935 ​ ​ 1,313,670 62,274

Capital stock (Tables)

Capital stock (Tables)	12 Months Ended
	Aug. 31, 2024
Capital stock.
Summary of issued capital	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ 163,403 Voting Common Shares [2023 – 82,795] ​ 55,382,754 50,395,717 475 Pre-Funded Warrants [2023 – nil] ​ 38,725 ​ — ​ ​ 55,421,479 ​ 50,395,717

Share-based payments (Tables)

Share-based payments (Tables)	12 Months Ended
	Aug. 31, 2024
Share-based payments
Summary of share based payments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Market ​ Expected Risk-free Expected Grant date ​ price ​ price ​ volatility ​ interest rate ​ life ​ $ $ % % [years] May 27, 2020 ​ 499.50 499.50 ​ 84 ​ 0.4 ​ 5 May 27, 2020 ​ 375.30 499.50 ​ 84 ​ 0.4 ​ 5 October 23, 2020 ​ 499.50 499.50 ​ 97 ​ 0.4 ​ 5 November 24, 2020 ​ 2,199.15 1,759.05 ​ 101 ​ 0.4 ​ 5 November 24, 2020 ​ 766.80 ​ 772.20 ​ 75 ​ 3.6 ​ 4 February 23, 2021 ​ 2,126.25 2,031.75 ​ 103 ​ 0.6 ​ 5 May 14, 2021 ​ 766.80 772.20 ​ 75 ​ 3.6 ​ 3 July 14, 2021 ​ 1,248.75 1,216.35 ​ 105 ​ 0.7 ​ 5 September 21, 2021 ​ 1,194.75 1,158.30 ​ 106 ​ 0.9 ​ 5 January 22, 2022 ​ 762.75 ​ 745.20 ​ 107 ​ 1.5 ​ 5 November 30, 2022 ​ 822.15 ​ 822.15 ​ 107 ​ 3.1 ​ 5 December 1, 2022 ​ 787.05 ​ 787.05 ​ 107 ​ 3.0 ​ 5 March 22, 2023 ​ 777.60 ​ 693.90 ​ 75 ​ 3.6 ​ 2 March 25, 2023 ​ 778.95 ​ 706.05 ​ 75 ​ 3.6 ​ 3 March 25, 2023 ​ 778.95 ​ 706.05 ​ 75 ​ 3.6 ​ 4 April 20, 2023 ​ 781.65 ​ 711.45 ​ 75 ​ 3.6 ​ 5 December 29, 2023 ​ 612.43 ​ 199.80 ​ 76 ​ 3.1 ​ 5 January 26, 2024 ​ 138.47 145.80 ​ 76 ​ 3.5 ​ 5
Summary of number options granted outstanding	​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ average ​ ​ options ​ exercise price ​ ​ # ​ $ Balance at August 31, 2022 12,664 ​ 1,273.40 Granted 666 ​ 785.25 Forfeited (1,991) ​ 1,302.08 Stock options modifications (2,741) ​ 780.30 Exercised (427) ​ 386.64 Balance at August 31, 2023 8,171 ​ 704.76 Granted ​ 742 ​ 375.98 Forfeited (1,055) ​ 823.16 Balance at August 31, 2024 7,858 ​ 657.77
Summary of range of number of options outstanding and weighted average remaining contractual life	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted average ​ Weighted average ​ ​ Exercise price ​ options ​ grant date ​ remaining ​ Exercisable range ​ outstanding ​ fair value ​ contractual life ​ options $ # $ [years] # 138.47 – 499.50 ​ 3,679 ​ 309.59 ​ 1.12 3,553 612.43 – 787.05 ​ 3,881 ​ 336.47 ​ 3.51 3,574 822.15 – 1,194.75 ​ 38 ​ 646.65 ​ 3.25 19 2,199.15 ​ 260 ​ 1,259.55 ​ 6.25 260
Schedule of warrants	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ ​ ​ warrants ​ remaining Grant date Exercise price ​ outstanding ​ contractual life ​ ​ $ ​ # ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,125 ​ 1.23 August 5, 2022 ​ 1,457.03 ​ 371 ​ 0.93 December 21, 2023 191.23 1,023 4.31 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Risk-free ​ Exercise Market Expected ​ interest Expected Grant date ​ price ​ price ​ volatility ​ rate ​ life ​ ​ $ ​ $ ​ % ​ % ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,759.05 ​ 100 ​ 0.4 ​ 5 August 5, 2022 ​ 1,457.03 ​ 972.00 ​ 100 ​ 2.9 ​ 3 December 21, 2023 191.23 247.05 76 4.0 5 ​

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Aug. 31, 2024
Revenues
Summary of revenues by product type and geographical distribution of revenues from external customers	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Sales of boats ​ 1,752,750 1,287,979 2,459,365 Sales of parts and boat maintenance ​ 95,168 324,720 97,721 Boat rental and boat club membership revenue ​ 1,946,427 4,038,803 4,793,860 ​ ​ 3,794,345 5,651,502 7,350,946 Revenues from external customers for the fiscal year ended August 31, 2024 were primarily from the U.S. The table below provides the breakdown disclosed in comparative periods: ​ ​ ​ ​ ​ ​ ​ ​ ​ Sale of ​ Rental of ​ 2023 ​ ​ electric boats ​ electric boats ​ Total ​ $ $ $ Canada ​ 348,570 ​ — ​ 348,570 USA ​ 1,078,124 ​ 4,038,803 ​ 5,116,927 Other ​ 186,005 ​ — ​ 186,005 ​ ​ 1,612,699 ​ 4,038,803 ​ 5,651,502 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Sale of Rental of ​ 2022 ​ ​ electric boats ​ electric boats ​ Total ​ $ $ $ Canada ​ 557,639 ​ — ​ 557,639 USA ​ 1,292,666 ​ 4,793,861 ​ 6,086,527 Other ​ 706,780 ​ — ​ 706,780 ​ ​ 2,557,085 ​ 4,793,861 ​ 7,350,946 ​

Net finance (income) expense (T

Net finance (income) expense (Tables)	12 Months Ended
	Aug. 31, 2024
Net finance (income) expense
Net finance expense	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Interest and bank charges ​ 249,627 142,117 184,895 Interest income ​ (64,118) (113,334) (379,288) Foreign currency exchange gain ​ (48,881) (208,132) (251,947) Transaction costs [note 17] ​ 1,860,335 ​ 719,167 ​ — Gain on derivative liabilities [note 17] ​ (12,081,094) ​ (2,055,688) ​ — Loss on securities exchange [note 17] ​ 1,715,543 ​ — ​ — Loss on warrant re-pricing [note 17] ​ 887,827 ​ — ​ — Loss (gain) on Debentures [note 8] ​ — (88,666) 670,000 ​ ​ (7,480,761) (1,604,536) 223,660 ​

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Aug. 31, 2024
Income taxes
Disclosure of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Income taxes at the applicable tax rate of 26.5% [2023 – 26.5%; 2022 – 26.5%] ​ (3,793,762) (5,606,886) (3,406,162) Adjustment in respect of current and deferred income tax of previous year ​ 789,334 (72,894) (4,396) Permanent differences ​ 2,526 70,418 823,119 Change in recognition of deferred income tax assets ​ 2,746,439 5,328,487 2,816,417 Other ​ — — 29,365 Total income tax (recovery) expense ​ (255,463) (280,875) 258,343
Disclosure of temporary differences	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance as at ​ Recognized ​ ​ ​ ​ ​ Balance as at ​ ​ August 31, ​ in net ​ ​ ​ ​ ​ August 31, ​ ​ 2023 ​ loss ​ Deconsolidated ​ Other ​ 2024 ​ $ $ $ $ $ Temporary differences ​ ​ ​ ​ ​ Property and equipment ​ (184,176) ​ (50,882) ​ 198,275 ​ (3,686) ​ (40,469) Intangibles ​ (255,278) ​ 26,428 ​ (2,594) ​ 36 ​ (231,408) Net operating losses ​ 9,354,764 ​ 3,019,259 ​ (120,802) ​ — ​ 12,253,221 Financing fees ​ 732,369 ​ 140,459 ​ — ​ — ​ 872,828 Research and development ​ 987,997 ​ 79,352 ​ — ​ — ​ 1,067,349 Difference in timing of recognition ​ 755,900 ​ 34,737 ​ (233,328) ​ 2,569 ​ 559,878 Right-of-use asset ​ (603,989) ​ 340,679 ​ 222,297 ​ (3,446) ​ (44,459) Lease liability ​ 664,308 ​ (363,979) ​ (261,506) ​ 6,458 ​ 45,281 Net capital losses ​ 50,418 ​ — ​ — ​ — ​ 50,418 Unrecognized deferred tax assets ​ (11,478,990) ​ (2,960,676) ​ — ​ — ​ (14,439,666) Deferred tax liability ​ 23,323 ​ 265,377 ​ (197,658) ​ 1,931 ​ 92,973

Financial risk management and f

Financial risk management and fair value measurement (Tables)	12 Months Ended
	Aug. 31, 2024
Financial risk management and fair value measurement
Summary of maturity analysis for financial instruments, liquidity risk	​ ​ ​ ​ ​ ​ ​ ​ ​ Contractual ​ Less than ​ ​ ​ ​ cash flows ​ one year ​ 1-5 years ​ $ $ $ August 31, 2024 ​ Trade and other payables ​ 2,062,044 2,062,044 — Long-term debt ​ 458,640 101,397 357,243 ​ ​ 2,520,684 2,163,441 357,243 ​ ​ ​ ​ ​ ​ ​ August 31, 2023 ​ Trade and other payables ​ 550,836 550,836 — Other financial liabilities ​ 113,694 113,694 — Long-term debt ​ 305,329 231,546 73,783 ​ ​ 969,859 896,076 73,783
Summary of foreign exchange risk	​ ​ ​ ​ ​ ​ ​ 2024 2023 ​ ​ $ ​ $ Cash ​ 38,107 3,258,419 Trade and other receivables ​ 28,488 188,001 Trade and other payables ​ 2,224,737 800,149
Summary of reasonably possible 1% strengthening (weakening) of the U.S. dollar against the Canadian Dollar at the reporting date would have increased (decreased) net income (loss) and other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Loss Other Comprehensive Income ​ ​ + 5% - 5% ​ + 5% - 5% ​ ​ $ ​ $ ​ $ ​ $ August 31, 2024 ​ 107,907 (107,907) (17,658) 17,658 ​

Segment information (Tables)

Segment information (Tables)	12 Months Ended
	Aug. 31, 2024
Segment information
Summary of reportable business segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended August 31, 2024 ​ Sale of Rental of Inter-segment ​ ​ ​ electric boats ​ electric boats ​ eliminations Total ​ ​ $ ​ $ ​ $ ​ $ Revenue from external customers ​ 1,847,918 ​ 1,946,427 ​ — ​ 3,794,345 Revenue from other segments ​ 487,000 ​ 16,962 ​ (503,962) ​ — Segment revenues 2,334,918 1,963,389 (503,962) 3,794,345 Segment gross profit (loss) 570,268 1,095,179 (168,009) 1,497,438 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment loss before tax (4,180,670) (9,078,914) (1,056,499) (14,316,083) Research and development 2,739,022 — — 2,739,022 Office salaries and benefits 2,890,588 416,832 — 3,307,420 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 1,612,699 4,038,803 — 5,651,502 Revenue from other segments ​ 867,097 336,683 (1,203,780) — Segment revenues ​ 2,479,796 4,375,486 (1,203,780) 5,651,502 Segment gross profit (loss) ​ (242,590) 1,966,466 (187,450) 1,536,426 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment loss before tax ​ (20,363,838) (623,856) (170,367) (21,158,061) Research and development ​ 5,938,010 — (233,098) 5,704,912 Office salaries and benefits ​ 2,769,196 1,237,246 7,739 4,014,181 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2022 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 2,557,086 4,793,860 — 7,350,946 Revenue from other segments ​ 820,383 80,842 (901,225) — Segment revenues ​ 3,377,469 4,874,702 (901,225) 7,350,946 Segment gross profit (loss) ​ 596,570 2,839,970 (150,975) 3,285,565 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment (loss) profit before tax ​ (13,632,377) 872,787 (93,852) (12,853,442) Research and development ​ 2,242,794 — — 2,242,794 Office salaries and benefits ​ 2,384,746 951,053 — 3,335,799 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2024 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric boats ​ Eliminations ​ Total ​ $ $ $ $ Segment assets ​ 19,737,669 2,960,124 (11,277,388) 11,420,241 Cash ​ 28,108 35,018 — 63,126 Additions to property and equipment ​ 280,587 487,000 (185,744) 599,578 Segment liabilities ​ 8,306,618 1,151,501 (1,013,824) 8,400,254 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ August 31, 2023 ​ ​ Sale of ​ Rental of ​ Inter-segment ​ ​ ​ ​ electric boats ​ electric 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)	12 Months Ended
	Aug. 31, 2024
Additional cash flows information.
Summary of financing and investing activities not involving cash	​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 ​ ​ $ ​ $ ​ $ Additions to right-of-use assets ​ 237,469 921,498 234,608 Lease termination ​ 1,160,649 101,471 273,652 ​

Commitments (Tables)

Commitments (Tables)	12 Months Ended
	Aug. 31, 2024
Commitments
Summary of amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	​ ​ ​ ​ ​ $ 2025 ​ 3,180,531 2026 ​ 1,283,257
Summary of undiscounted lease commitments	The Company’s undiscounted lease commitments related to this lease are as follows as at August 31, 2024: ​ ​ ​ ​ $ 2025 ​ 53,964 2026 ​ 162,971 2027 ​ 166,231 2028 and thereafter ​ 459,320 ​ ​ 842,486 ​

Deconsolidation of subsidiary (

Deconsolidation of subsidiary (Tables)	12 Months Ended
	Aug. 31, 2024
Deconsolidation of subsidiary
Schedule of deconsolidation of subsidiary	The gain on the disposal of EB Rental, Ltd. at the deconsolidation date was determined as follows: ​ ​ ​ ​ $ Fair Value Consideration received ​ ​ 1,089,302 ​ ​ ​ ​ ​ ​ ​ Add: EB Rental, Ltd. net deficit at disposal ​ ​ ​ ​ - EB Rental Ltd. share capital at disposal ​ (100) ​ ​ ​ - EB Rental Ltd. deficit at disposal ​ 165,427 ​ 165,327 ​ ​ ​ ​ ​ ​ ​ Less: Goodwill attributable to EB Rental, Ltd. ​ ​ ​ (1,079,040) ​ ​ ​ ​ ​ ​ ​ Total gain on deconsolidation date ​ ​ ​ 175,589 ​ ​ On the deconsolidation date, EB Rental, Ltd.’s net assets (liabilities) were determined as follows: ​ ​ $ ​ ​ ​ ​ Current assets ​ 363,825 ​ Right of use assets ​ 804,596 ​ Property, plant and equipment ​ 555,875 ​ Other assets ​ 83,726 ​ Current liabilities ​ (1,132,115) ​ Lease liabilities ​ (937,427) ​ Other comprehensive income ​ 96,193 ​ ​ ​ ​ ​ ​ ​ (165,327) ​

Basis of preparation (Details)

Basis of preparation (Details)					12 Months Ended
	Oct. 08, 2024	Oct. 08, 2024 item	Aug. 22, 2024	Apr. 25, 2024	Aug. 31, 2024 CAD ($)	Aug. 31, 2023 CAD ($)
Disclosure of subsidiaries [line items]
Cash					$ 63,126	$ 3,359,257
Working capital					2,888,660
Deficit					(65,609,357)	$ (51,548,737)
Issuance of shares and warrants, net of transaction costs paid					$ 8,326,492
Ratio to the conversion of stock split	9		15
Number of reverse stock splits	1	2	1
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					0%
Percentage of ownership interest disposed				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%

Significant accounting polici_4

Significant accounting policies - Property and equipment (Details)	12 Months Ended
	Aug. 31, 2024
Computer equipment
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	55%
Machinery and equipment
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	20%
Rolling stock
Disclosure of detailed information about property, plant and equipment [line items]
Depreciation rate	30%
Boat rental fleet
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	15 years
Moulds
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful lives of property, plant and equipment	25 years

Significant account policies -

Significant account policies - Amortization methods, useful lives and residual values (Details)	12 Months Ended
	Aug. 31, 2024
Intellectual property
Disclosure of detailed information about intangible assets
Estimated useful lives of intangible assets	10 years
Software
Disclosure of detailed information about intangible assets
Estimated useful lives of intangible assets	7 years
Trade name
Disclosure of detailed information about intangible assets
Estimated useful lives of intangible assets	5 years
Backlog
Disclosure of detailed information about intangible assets
Estimated useful lives of intangible assets	3 years
Website
Disclosure of detailed information about intangible assets
Estimated useful lives of intangible assets	5 years

Significant accounting polici_5

Significant accounting policies - Exchange rates for the currencies (Details)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Foreign exchange rates [abstract]
Exchange rate as at end of year	1.3491	1.3535
Average exchange rate for year ended	1.3601	1.3465

Significant accounting polici_6

Significant accounting policies (Details)	12 Months Ended
	Aug. 31, 2024
Minimum
Disclosure of quantitative information about right-of-use assets [line items]
Estimated useful life of leases	2 years
Maximum
Disclosure of quantitative information about right-of-use assets [line items]
Estimated useful life of leases	6 years

Significant accounting estima_2

Significant accounting estimates and assumptions (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Feb. 29, 2024
Significant accounting estimates and assumptions
Period of projected cash inflows	5 years
Impairment of goodwill	$ 8,704,182
Post tax discount rate	28%	28%
Long term growth rate	2%	2%

Goodwill (Details)

Goodwill (Details)			6 Months Ended	12 Months Ended
	Apr. 25, 2024 CAD ($)	Jun. 03, 2021 USD ($) item $ / shares shares	Feb. 29, 2024 CAD ($)	Aug. 31, 2024 CAD ($)	Aug. 31, 2023 CAD ($)	Aug. 31, 2024 USD ($)	Feb. 29, 2024 USD ($)	Jun. 03, 2021 CAD ($) $ / shares shares
Disclosure of detailed information about business combination [line items]
Post tax discount rate						28%	28%
Post tax discount rate to cash flow projection						29%
Long term growth rate						2%	2%
2026
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage							12.70%
Annual capital expenditure							$ 56,500
2027
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage						(11.00%)	15.80%
Annual capital expenditure						$ 185,000	$ 126,000
2026
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage						4%	19.30%
Annual capital expenditure						$ 98,040	$ 346,800
2027
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage						10%	19.90%
Annual capital expenditure						$ 47,000	$ 594,259
2028
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage							20.70%
Annual capital expenditure						63,000	$ 229,820
2029
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage							21.50%
Annual capital expenditure						71,000	$ 234,310
Thereafter
Disclosure of detailed information about business combination [line items]
Expected earning sbefore interest, taxes, Depreciation and amortization percentage							21.50%
Annual capital expenditure						$ 71,680	$ 238,876
Boat rental operation CGU
Disclosure of detailed information about business combination [line items]
Expected annual incremental sales increases						10%	20%
Goodwill	$ 4,430,182
EBR
Disclosure of detailed information about business combination [line items]
Shares Issued | shares		7,858,078						7,858,078
Shares outstanding | shares		7,858,078						7,858,078
Number of operating fleet over ships in California | item		20
Cash consideration		$ 4,582,367						$ 5,546,039
Equity consideration								$ 3,474,232
Shares Issued | shares		2,108						2,108
Per Share Value | (per share)		$ 1,362.15						$ 1,648.35
Share Issue Related Cost			$ 4,274,000	$ 4,430,182
Goodwill			$ 5,431,975	$ 0	$ 9,680,941

Trade and other receivables (De

Trade and other receivables (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 26,222	$ 59,364
Sales taxes receivable	104,270	159,114
Other receivables	8,164	332,358
Total trade and other current receivables	138,656	550,836
Past Due But Not Impaired
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 26,222	$ 59,364

Trade and other receivables - A

Trade and other receivables - Aging analysis (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 26,222	$ 59,364
0 - 30
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables		13,986
31-60
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	21,603
91 and over
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 4,619	$ 45,378

Trade and other receivables -_2

Trade and other receivables - Allowance for expected credit losses (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Trade and other receivables
Change during the period	$ 0	$ 0

Inventories (Details)

Inventories (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Inventories
Raw materials	$ 5,456,935	$ 1,553,501
Work-in-process	383,968	369,753
Finished goods	368,384	522,300
Total current inventories	$ 6,209,287	$ 2,445,554

Inventories - Additional Inform

Inventories - Additional Information (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Inventories
Inventories recognized as an expense	$ 2,296,907	$ 4,023,409	$ 4,065,381
Cost of sales including depreciation	190,618	$ 471,940	$ 687,023
Deposits to suppliers for future inventory purchases	$ 1,780,430

Investment in Limestone- Additi

Investment in Limestone- Additional Information (Details)		12 Months Ended
	May 14, 2021 CAD ($) item	Aug. 31, 2024 CAD ($) $ / shares	Aug. 31, 2023 CAD ($)	Aug. 31, 2022 CAD ($)	Jul. 18, 2023 $ / shares
Investment in Limestone
Purchase of senior unsecured subordinated convertible debentures | item	3,400
Aggregate amount of debentures	$ 3,400,000	$ 0	$ 113,334	$ 340,000
Borrowings interest rate	10%
Debt Term	36 months
Conversion price | $ / shares		$ 0.36
Closing date of issuance of debentures		120 days
Days prior to end of term		30 days
Share price | $ / shares		$ 0.50
Common Share for consecutive trading days		20 days
Period for conversion		30 days
Impairment loss on debentures			2,637,000	0
Net income (loss) for change in the fair value of the Debentures		$ 0	$ 88,866	$ 670,000
Conversion price of debenture into common shares | $ / shares					$ 0.071
Fair value of investment		$ 0

Right-of-use assets (Details)

Right-of-use assets (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Right-of-use assets
Balance at beginning of the year	$ 2,414,593
Additions	237,469	$ 921,498	$ 234,608
Transferred to Property and equipment		44,807
Balance at end of the year	260,807	2,414,593
EB Rental, Ltd.
Right-of-use assets
Deconsolidation on sale of subsidiary	804,596
Premises
Right-of-use assets
Balance at beginning of the year	2,401,448
Balance at end of the year	93,037	2,401,448
Moulds
Right-of-use assets
Balance at end of the year	59,003
Rolling stock
Right-of-use assets
Balance at beginning of the year	13,145
Balance at end of the year	108,767	13,145
Cost
Right-of-use assets
Balance at beginning of the year	3,883,711	3,183,164
Additions	237,469	921,498
Disposals	(2,186,552)	(216,498)
Deconsolidation on sale of subsidiary	(1,596,081)
Transferred to Property and equipment		(44,807)
Currency translation	10,546	40,354
Balance at end of the year	349,093	3,883,711	3,183,164
Cost | Premises
Right-of-use assets
Balance at beginning of the year	3,839,792	2,880,039
Additions		921,498
Disposals	(2,186,552)
Deconsolidation on sale of subsidiary	(1,549,425)
Currency translation	9,433	38,255
Balance at end of the year	113,248	3,839,792	2,880,039
Cost | Moulds
Right-of-use assets
Additions	67,432
Balance at end of the year	67,432
Cost | Computer equipment
Right-of-use assets
Balance at beginning of the year		3,646
Transferred to Property and equipment		(3,646)
Balance at end of the year			3,646
Cost | Rolling stock
Right-of-use assets
Balance at beginning of the year	43,919	88,020
Additions	170,037
Disposals		(46,200)
Deconsolidation on sale of subsidiary	(46,656)
Currency translation	1,113	2,099
Balance at end of the year	168,413	43,919	88,020
Cost | Boat rental fleet
Right-of-use assets
Balance at beginning of the year		211,459
Disposals		(170,298)
Transferred to Property and equipment		(41,161)
Balance at end of the year			211,459
Accumulated depreciation
Right-of-use assets
Balance at beginning of the year	(1,469,118)	(922,064)
Depreciation	604,586	662,081
Disposals	(1,193,933)	(115,027)
Deconsolidation on sale of subsidiary	(791,485)
Balance at end of the year	(88,286)	(1,469,118)	(922,064)
Accumulated depreciation | Premises
Right-of-use assets
Balance at beginning of the year	(1,438,344)	(822,407)
Depreciation	524,772	615,937
Disposals	(1,193,933)
Deconsolidation on sale of subsidiary	(748,972)
Balance at end of the year	(20,211)	(1,438,344)	(822,407)
Accumulated depreciation | Moulds
Right-of-use assets
Depreciation	8,429
Balance at end of the year	(8,429)
Accumulated depreciation | Computer equipment
Right-of-use assets
Balance at beginning of the year		(2,878)
Depreciation		768
Disposals		(3,646)
Balance at end of the year			(2,878)
Accumulated depreciation | Rolling stock
Right-of-use assets
Balance at beginning of the year	(30,774)	(20,315)
Depreciation	71,385	23,934
Disposals		(13,475)
Deconsolidation on sale of subsidiary	(42,513)
Balance at end of the year	$ (59,646)	(30,774)	(20,315)
Accumulated depreciation | Boat rental fleet
Right-of-use assets
Balance at beginning of the year		(76,464)
Depreciation		21,442
Disposals		$ (97,906)
Balance at end of the year			$ (76,464)

Property and equipment (Details

Property and equipment (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Property and equipment
Beginning balance	$ 2,313,926
Ending balance	1,578,422	$ 2,313,926
Cost
Property and equipment
Beginning balance	2,895,842	2,620,537
Additions	599,578	938,802
Disposals	(429,726)	(635,842)
Transferred from Right-of-use assets		44,807
Transferred to Inventory	(154,912)
Deconsolidation on sale of subsidiary	635,327
Currency translation		(72,462)
Ending balance	2,275,455	2,895,842
Accumulated depreciation
Property and equipment
Beginning balance	(581,916)	(401,555)
Depreciation	257,992	241,046
Disposals	42,029	60,685
Transferred to Inventory	(21,394)
Deconsolidation on sale of subsidiary	(79,452)
Ending balance	(697,033)	(581,916)
Machinery and equipment
Property and equipment
Beginning balance	166,194
Ending balance	158,517	166,194
Machinery and equipment | Cost
Property and equipment
Beginning balance	395,493	333,084
Additions	30,845	62,409
Ending balance	426,338	395,493
Machinery and equipment | Accumulated depreciation
Property and equipment
Beginning balance	(229,299)	(197,804)
Depreciation	38,522	31,495
Ending balance	(267,821)	(229,299)
Rolling stock
Property and equipment
Beginning balance	15,264
Ending balance	11,220	15,264
Rolling stock | Cost
Property and equipment
Beginning balance	49,274	118,664
Additions	3,088	69,029
Disposals	(6,213)	(136,072)
Currency translation		(2,347)
Ending balance	46,149	49,274
Rolling stock | Accumulated depreciation
Property and equipment
Beginning balance	(34,010)	(29,999)
Depreciation	4,574	25,875
Disposals	3,655	21,864
Ending balance	(34,929)	(34,010)
Computer equipment
Property and equipment
Beginning balance	7,955
Ending balance	3,581	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	4,374	4,485
Ending balance	(21,662)	(17,288)
Moulds
Property and equipment
Beginning balance	831,701
Ending balance	965,502	831,701
Moulds | Cost
Property and equipment
Beginning balance	942,425	911,924
Additions	236,654	30,501
Disposals	(62,632)
Ending balance	1,116,447	942,425
Moulds | Accumulated depreciation
Property and equipment
Beginning balance	(110,724)	(73,028)
Depreciation	40,949	37,696
Disposals	728
Ending balance	(150,945)	(110,724)
Leasehold improvements
Property and equipment
Beginning balance	248,218
Ending balance	156,553	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	101,665	69,332
Ending balance	(215,502)	(113,837)
Boat rental fleet
Property and equipment
Beginning balance	1,044,594
Ending balance	283,049	1,044,594
Boat rental fleet | Cost
Property and equipment
Beginning balance	1,121,352	971,477
Additions	318,991	678,599
Disposals	(360,881)	(499,770)
Transferred from Right-of-use assets		41,161
Transferred to Inventory	(154,912)
Deconsolidation on sale of subsidiary	635,327
Currency translation		(70,115)
Ending balance	289,223	1,121,352
Boat rental fleet | Accumulated depreciation
Property and equipment
Beginning balance	(76,758)	(43,416)
Depreciation	67,908	72,163
Disposals	37,646	38,821
Transferred to Inventory	(21,394)
Deconsolidation on sale of subsidiary	(79,452)
Ending balance	$ (6,174)	$ (76,758)

Property and equipment - Additi

Property and equipment - Additional Information (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Moulds
Property and equipment
Asset not depreciated and not ready for use	$ 0	$ 377,253

Intangible assets (Details)

Intangible assets (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	$ 966,724
Balance at the end	868,543	$ 966,724
Intellectual property
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	772,473
Balance at the end	668,966	772,473
Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	64,155
Balance at the end	51,235	64,155
Patents
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the end	62,039
Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	69,486
Balance at the end	47,596	69,486
Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	47,365
Balance at the end	29,679	47,365
Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	13,245
Balance at the end	9,028	13,245
Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	1,345,371	1,333,547
Additions	63,316
Currency translation	(1,638)	11,824
Balance at the end	1,407,049	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 | Patents
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning		0
Additions	63,316
Balance at the end	63,316
Cost | Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	104,351	98,294
Currency translation	(862)	6,057
Balance at the end	103,489	104,351
Cost | Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	84,106	79,550
Currency translation	(604)	4,556
Balance at the end	83,502	84,106
Cost | Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	20,069	18,858
Currency translation	(172)	1,211
Balance at the end	19,897	20,069
Accumulated depreciation
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(378,647)	(220,877)
Depreciation	159,859	157,770
Balance at the end	(538,506)	(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	103,507	103,508
Balance at the end	(366,104)	(262,597)
Accumulated depreciation | Software
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(37,620)	(24,700)
Depreciation	12,920	12,920
Balance at the end	(50,540)	(37,620)
Accumulated depreciation | Patents
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning		0
Depreciation	1,277
Balance at the end	(1,277)
Accumulated depreciation | Trade name
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(34,865)	(14,439)
Depreciation	21,028	20,426
Balance at the end	(55,893)	(34,865)
Accumulated depreciation | Backlog
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(36,741)	(19,830)
Depreciation	17,082	16,911
Balance at the end	(53,823)	(36,741)
Accumulated depreciation | Website
Reconciliation of changes in intangible assets other than goodwill [abstract]
Balance at the beginning	(6,824)	(2,819)
Depreciation	4,045	4,005
Balance at the end	$ (10,869)	$ (6,824)

Intangible assets - Additional

Intangible assets - Additional Information (Details)	12 Months Ended
	Aug. 31, 2024 CAD ($) item	Aug. 31, 2022 CAD ($)
Intangible assets
Number of patent applications | item	5
Additions to intangible assets | $	$ 63,316	$ 32,202

Credit facility (Details)

Credit facility (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Credit facility
Authorized line of credit	$ 250,000
Amount drawn on line of credit	$ 0	$ 155,000
Prime rate
Credit facility
Spread on variable interest rate	1%
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 ($)	Aug. 31, 2024	Aug. 31, 2023
Trade and other payables.
Trade payables	$ 3,883,020	$ 1,107,310
Sales taxes payable		62,398
Salaries, vacation and other employee benefits payables	614,488	585,192
Trade and other payables	$ 4,497,508	$ 1,754,900

Contract liabilities (Details)

Contract liabilities (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Contract liabilities
Opening balance	$ 1,815,731	$ 1,029,318
Payments received in advance	924,913	3,330,235
Boat sale deposits		151,572
Payments reimbursed		(8,131)
Transferred to revenues	(997,224)	(2,718,943)
Deconsolidation on sale of subsidiary	(928,833)
Currency translation	13,055	31,680
Closing balance	$ 827,642	$ 1,815,731

Lease liabilities (Details)

Lease liabilities (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Lease liabilities
Opening balance	$ 2,641,794	$ 2,415,549
Additions	237,469	921,498
Repayment	(650,461)	(726,893)
Interest on lease liability	116,170	139,132
Lease termination	(1,160,649)	(151,800)
Deconsolidation on sale of subsidiary	(937,427)
Currency translation	12,896	44,308
Closing balance	259,792	2,641,794
Current	122,077	647,638
Non-current	$ 137,715	$ 1,994,156

Lease liabilities - Undiscounte

Lease liabilities - Undiscounted lease payments (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Lease liabilities
Undiscounted lease payments	$ 273,597
Short-term lease expense	$ 915,532	$ 127,511	$ 58,663
Weighted average interest rate	5.01%	5.79%	5.40%
Less than one year
Lease liabilities
Undiscounted lease payments	$ 125,719
One to five years
Lease liabilities
Undiscounted lease payments	$ 147,878

Long-term debt (Details)

Long-term debt (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	May 14, 2021
Long-term debt
Total borrowings	$ 458,640	$ 305,329
Current portion of long-term debt	101,397	271,546
Long-term debt, noncurrent	$ 357,243	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%
Term loan maturing January 2025
Long-term debt
Total borrowings	$ 458,640	$ 265,329
Monthly instalments	$ 13,609
Term loan maturing January 2025 | Minimum.
Long-term debt
Borrowings interest rate	9.44%
Term loan maturing January 2025 | Maximum.
Long-term debt
Borrowings interest rate	13.87%

Derivative liabilities - Additi

Derivative liabilities - Additional information (Details)										12 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	Aug. 31, 2024 CAD ($) shares	Aug. 31, 2023 CAD ($) shares	Aug. 31, 2024 $ / shares	Aug. 31, 2024 CAD ($)	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares shares	Dec. 13, 2023 $ / shares shares	Sep. 20, 2023 $ / shares	Aug. 31, 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
Financial risk management and fair value measurement
Number of warrants to purchase voting common shares issued | shares	1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	2,763	17,775
Warrants term	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)	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,080	$ 1,687.50			$ 546.75		$ 191.23	$ 141.75	$ 191.23	$ 734.40	$ 568.35		$ 724.95	$ 722.25	$ 761.40	$ 765.45	$ 760.05	$ 1,457.03	$ 2,276.61
Loss resulted from repricing of warrant										$ 896,458	$ 0
Agreed to reduce warrant issued | shares															20,358	20,358
Derivative financial liabilities													$ 30,564						$ 5,558,822
Shares issue related costs										$ 149,472	$ 718,546

Derivative liabilities - Fair v

Derivative liabilities - Fair value of option grants relating to warrants (Details)

12 Months Ended

Aug. 31, 2024 $ / shares $ / shares shares

Aug. 31, 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. 31, 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)

$ 546.75

$ 141.75

$ 191.23

$ 141.75

$ 191.23

$ 546.75

$ 734.40

$ 568.35

$ 546.75

$ 724.95

$ 546.75

$ 722.25

$ 568.35

$ 761.40

$ 568.35

$ 765.45

$ 568.35

$ 760.05

$ 1,080

$ 1,457.03

$ 1,687.50

$ 2,276.61

January 19, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 760.05

Market price of warrant options

$ 760.05

Expected volatility (%)

100%

Risk-free interest rate (%)

3.40%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

4,108

4,108

Weighted average remaining contractual life (years)

1 year 4 months 20 days

February 17, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 765.45

Market price of warrant options

$ 816.75

Expected volatility (%)

100%

Risk-free interest rate (%)

4%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

3,520

3,520

Weighted average remaining contractual life (years)

1 year 5 months 19 days

April 19, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 761.40

Market price of warrant options

$ 749.25

Expected volatility (%)

75%

Risk-free interest rate (%)

3.90%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

2,826

2,826

Weighted average remaining contractual life (years)

1 year 7 months 17 days

June 16, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 722.25

Market price of warrant options

$ 742.50

Expected volatility (%)

75%

Risk-free interest rate (%)

4.10%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

3,659

3,659

Weighted average remaining contractual life (years)

1 year 9 months 14 days

August 2, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 724.95

Market price of warrant options

$ 688.50

Expected volatility (%)

75%

Risk-free interest rate (%)

4.80%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

3,662

3,662

Weighted average remaining contractual life (years)

1 year 11 months 1 day

September 20, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Original Exercise price

$ 734.40

Market price of warrant options

$ 594

Expected volatility (%)

75%

Risk-free interest rate (%)

4.80%

Expected life (years)

3 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

2,763

2,763

Weighted average remaining contractual life (years)

2 years 18 days

December 21, 2023

Disclosure of terms and conditions of share-based payment arrangement [line items]

Market price of warrant options

$ 247.05

Expected volatility (%)

76%

Risk-free interest rate (%)

4%

Expected life (years)

5 years

Exercise price of warrants

$ 191.23

Number of warrants outstanding | shares

1,023

1,023

Weighted average remaining contractual life (years)

4 years 3 months 21 days

Derivative liabilities - Moveme

Derivative liabilities - Movements related to the warrants (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Opening balance	$ 5,558,822
Closing balance	2,180,389	$ 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	896,458
Change in estimate of fair value	(7,190,449)	(2,055,688)
Closing balance	$ 30,564	$ 5,558,822

Derivative liabilities - Series

Derivative liabilities - Series A & B Convertible Preferred Shares (Details)																12 Months Ended
	Aug. 22, 2024 shares	Aug. 16, 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	Aug. 31, 2024 CAD ($) shares	Aug. 31, 2023 CAD ($)	Aug. 31, 2023 USD ($) $ / shares	Aug. 31, 2022 CAD ($)	Aug. 31, 2024 $ / shares	Aug. 31, 2024 $ / shares	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	3 years
Exercise price of warrants | (per share)						$ 141.75	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,080	$ 1,687.50			$ 568.35		$ 546.75		$ 191.23	$ 191.23	$ 734.40	$ 724.95	$ 722.25	$ 761.40	$ 765.45	$ 760.05	$ 1,457.03	$ 2,276.61
Transaction costs | $																$ 246,298	$ 800,744		$ 0
Number of shares converted	1
Value of shares issued upon conversion of convertible preferred stock | $																301,997
Securities issuance - warrants exchanged (in shares)		41,858
Gain (loss) from valuation of derivative financial instruments | $																$ 3,011,170	0
Pre-funded warrants
Derivative Liabilities
Exercise price of warrants | $ / shares																					$ 0.001
Securities issuance - warrants exchanged (in shares)		475														475
Series A Convertible Preferred Shares
Derivative Liabilities
Number of shares converted																650
Shares issued upon conversion of convertible preferred stock		21,169														11,642
Derivatives | Series A Convertible Preferred Shares
Derivative Liabilities
Stated value per share | $ / shares							1,000
Conversion price per share | $ / shares							$ 141.75
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
Minimum conversion price per share | $ / shares							$ 40.50
Number of warrants issued		21,169			21,169	21,169	7
Warrants exercise term							5 years
Exercise price of warrants | $ / shares							$ 141.75
Number of additional shares issued							1
Holding period of preferred shares							6 months
Number of shares issued during the period					3,000	3,000
Total cash consideration					$ 4,036,025	$ 3,000,000
Transaction costs | $																$ 615,306	0
Number of shares converted																650
Shares issued upon conversion of convertible preferred stock																11,642
Value of shares issued upon conversion of convertible preferred stock | $																$ 301,997
Securities issuance - warrants exchanged (in shares)		41,858
Gain (loss) from valuation of derivative financial instruments		$ 1,715,543																$ 0
Derivatives | Series A Convertible Preferred Shares | Pre-funded warrants
Derivative Liabilities
Securities issuance - warrants exchanged (in shares)		475
Derivatives | Series B Convertible Preferred Shares
Derivative Liabilities
Stated value per share | $ / shares							$ 1,000
Conversion price per share | $ / shares							$ 141.75
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
Minimum conversion price per share | $ / shares							$ 40.75
Number of warrants issued			21,165	21,165			7
Warrants exercise term							5 years
Exercise price of warrants | $ / shares							$ 141.75
Total cash consideration			$ 4,044,900	$ 3,000,000
Transaction costs | $																839,195	0
Number of shares converted			3,000	3,000
Gain (loss) from valuation of derivative financial instruments | $																2,591,404	0
Accelerated amortization of the deferred loss during the period | $																376,598	0
Warrant issued
Derivative Liabilities
Gain (loss) from valuation of derivative financial instruments | $																$ 7,190,449	$ 2,055,688

Derivative liabilities - Move_2

Derivative liabilities - Movements (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Derivative Liabilities
Opening balance	$ 5,558,822
Closing balance	2,180,389	$ 5,558,822
Derivatives | Series A Convertible Preferred Shares
Derivative Liabilities
Fair value at issuance	12,744,593
Deferred loss at issuance	(8,737,194)
Revaluation at the end of the period	(10,336,357)
Amortization of the deferred loss during the period	7,325,187
Conversion to Voting Common Shares during the period [Note 17]	(301,997)
Closing balance	694,232
Derivatives | Series B Convertible Preferred Shares
Derivative Liabilities
Fair value at issuance	6,888,006
Deferred loss at issuance	(2,841,008)
Revaluation at the end of the period	(4,642,780)
Amortization of the deferred loss during the period	1,674,778
Accelerated amortization of the deferred loss during the period	376,598	$ 0
Closing balance	$ 1,455,594

Related party transactions (Det

Related party transactions (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Disclosure of transactions between related parties [line items]
Office salaries and benefits [note 18]	$ 3,307,420	$ 4,014,181	$ 3,335,799
Right-of-use assets	260,807	2,414,593
Lease liability	259,792	2,641,794	2,415,549
Mac Engineering, SASU
Disclosure of transactions between related parties [line items]
Research and Development	2,759,362	545,892	666,178
Montana Strategies Inc.
Disclosure of transactions between related parties [line items]
Office salaries and benefits [note 18]		29,059	$ 62,462
California Electric Boat Company Inc.
Disclosure of transactions between related parties [line items]
Right-of-use assets	0	1,270,955
Lease liability	0	1,395,732
Rent expense	$ 22,446	$ 0

Related party transactions - Re

Related party transactions - Remuneration of directors and key management of the Company (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Related party transactions
Wages	$ 1,856,453	$ 2,447,827	$ 2,324,770
Share-based payments - capital stock	115,577	433,263
Share-based payments - stock options	141,797	382,196	2,560,031
Remuneration of directors and key management of the Company	$ 2,113,827	$ 3,263,286	$ 4,884,801

Related party transactions - Am

Related party transactions - Amounts due to and from related parties (Details) - CAD ($)	Aug. 31, 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	1,313,670	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	(84,616)	20,135
Amounts due to related parties included in trade and other payable	86,152	19,384
Xavier Montagne
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	11,615	10,454
Raffi Sossoyan
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	11,500
Patrick Bobby
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable		13,847
Kulwant Sandher
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable		8,654
California Electric Boat Company Inc.
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	197,862
Mac Engineering, SASU
Disclosure of transactions between related parties [line items]
Amounts due to related parties included in trade and other payable	$ 1,006,541	$ 9,935

Capital stock - Voting Common S

Capital stock - Voting Common Shares (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022	Aug. 31, 2021
Disclosure of classes of share capital [line items]
Issued capital	$ 55,421,479	$ 50,395,717
Common shares
Disclosure of classes of share capital [line items]
Issued capital	$ 55,382,754	$ 50,395,717
Shares outstanding	163,403	82,795	62,365	61,669
Pre-funded warrants
Disclosure of classes of share capital [line items]
Issued capital	$ 38,725
Shares outstanding	475	0

Capital stock - Additional Info

Capital stock - Additional Information (Details)													12 Months Ended
	Oct. 08, 2024	Aug. 22, 2024 shares	Aug. 16, 2024 shares	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	Aug. 31, 2024 CAD ($) shares	Aug. 31, 2023 CAD ($) shares employee	Aug. 31, 2024 $ / shares	Aug. 31, 2024 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 31, 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
Disclosure of classes of share capital [line items]
Number of Voting Common Shares issued to third parties in exchange for services													7,545	2,229
Number of Voting Common Shares value issued to third parties in exchange for services | $													$ 1,262,934	$ 1,670,415
Number of Voting Common Shares issued upon exercises of stock option														426
Number of former employees | employee														2
Number of warrants to purchase voting common shares issued				1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	2,763	17,775
Total cash consideration price, net of transaction costs | $													$ 1,781,194	$ 12,012,591
Net transaction costs | $													$ 246,298	$ 1,225,676
Warrants exercise term				5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years	3 years	3 years
Stock Issued During Period Shares Exchange Of Warrants			41,858
Exercise price of warrants | (per share)				$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,080	$ 1,687.50			$ 546.75		$ 191.23	$ 141.75	$ 191.23	$ 734.40	$ 568.35	$ 724.95	$ 722.25	$ 761.40	$ 765.45	$ 760.05	$ 1,457.03	$ 2,276.61
Number of shares converted		1
Ratio to the conversion of stock split	9	15
Additional voting common shares		16,800
Pre-funded warrants
Disclosure of classes of share capital [line items]
Number of warrants to purchase voting common shares issued													1
Stock Issued During Period Shares Exchange Of Warrants			475										475
Exercise price of warrants | $ / shares																$ 0.001
Series A Convertible Preferred Shares
Disclosure of classes of share capital [line items]
Shares issued upon conversion of convertible preferred stock			21,169										11,642
Number of shares converted													650

Share-based payments - Stock op

Share-based payments - Stock options (Details)			12 Months Ended
	Mar. 25, 2023 CAD ($) shares $ / shares	Mar. 25, 2023 shares $ / shares	Aug. 31, 2024 CAD ($) $ / shares	Aug. 31, 2023 CAD ($)	Aug. 31, 2022 CAD ($)
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Share-based compensation expense | $			$ 220,752	$ 1,136,182	$ 2,699,481
Directors and officers of the company
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of share options granted | shares	1,889	1,889
Exercise price | (per share)	$ 780.30	$ 568.35
Expiration period	5 years
Number of stock options cancelled | shares	3,334
Stock based compensation expense | $	$ 129,800
Minimum.
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares			$ 138.47
Expiration period			5 years
Minimum. | Directors and officers of the company
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of stock cancelled | (per share)	$ 1,212.30	1,001.70
Maximum.
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price | $ / shares			$ 2,199.15
Expiration period			10 years
Maximum. | Directors and officers of the company
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price of stock cancelled | (per share)	$ 2,199.15	$ 1,687.50

Share-based payments - Assumpti

Share-based payments - Assumptions used to determine the fair value of option grants (Details)	12 Months Ended
	Aug. 31, 2024 Y $ / shares
May 27, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price	$ 499.50
Market Price	$ 499.50
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	$ 375.30
Market Price	$ 499.50
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	$ 499.50
Market Price	$ 499.50
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	$ 2,199.15
Market Price	$ 1,759.05
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	$ 766.80
Market Price	$ 772.20
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	$ 2,126.25
Market Price	$ 2,031.75
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	$ 766.80
Market Price	$ 772.20
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	$ 1,248.75
Market Price	$ 1,216.35
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	$ 1,194.75
Market Price	$ 1,158.30
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	$ 762.75
Market Price	$ 745.20
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	$ 822.15
Market Price	$ 822.15
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	$ 787.05
Market Price	$ 787.05
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	$ 777.60
Market Price	$ 693.90
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	$ 778.95
Market Price	$ 706.05
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	$ 778.95
Market Price	$ 706.05
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	$ 781.65
Market Price	$ 711.45
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	$ 612.43
Market Price	$ 199.80
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	$ 138.47
Market Price	$ 145.80
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)	12 Months Ended
	Aug. 31, 2024 shares $ / shares	Aug. 31, 2023 shares $ / shares
Share-based payments
Number of options, Beginning balance | shares	8,171	12,664
Number of options, Granted | shares	742	666
Number of options, Forfeited | shares	(1,055)	(1,991)
Number of options, Stock options modifications | shares		(2,741)
Number of options, Exercised | shares		(427)
Number of options, Ending Balance | shares	7,858	8,171
Weighted average exercise price, Beginning balance (in dollars per share) | $ / shares	$ 704.76	$ 1,273.40
Weighted average exercise price, Granted (in dollars per share) | $ / shares	375.98	785.25
Weighted average exercise price, Forfeited (in dollars per share) | $ / shares	823.16	1,302.08
Weighted average exercise price, Stock options modifications (in dollars per share) | $ / shares		780.30
Weighted average exercise price, Exercised (in dollars per share) | $ / shares		386.64
Weighted average exercise price, Ending balance (in dollars per share) | $ / shares	$ 657.77	$ 704.76

Share-based payments - Exercise

Share-based payments - Exercise price range of stock options (Details)	12 Months Ended
	Aug. 31, 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	7,858	8,171	12,664
Exercise Price 138.47 - 499.50
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	3,679
Weighted average grant date fair value	$ 309.59
Weighted average remaining contractual life (years)	1 year 1 month 13 days
Exercisable options | shares	3,553
Exercise Price 138.47 - 499.50 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 138.47
Exercise Price 138.47 - 499.50 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 499.50
Exercise Price 612.43 - 787.05
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	3,881
Weighted average grant date fair value	$ 336.47
Weighted average remaining contractual life (years)	3 years 6 months 3 days
Exercisable options | shares	3,574
Exercise Price 612.43 - 787.05 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 612.43
Exercise Price 612.43 - 787.05 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 787.05
Exercise Price 822.15 - 1,194.75
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Number of options outstanding | shares	38
Weighted average grant date fair value	$ 646.65
Weighted average remaining contractual life (years)	3 years 3 months
Exercisable options | shares	19
Exercise Price 822.15 - 1,194.75 | Minimum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 822.15
Exercise Price 822.15 - 1,194.75 | Maximum
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	1,194.75
Exercise Price 2,199.15
Disclosure of number and weighted average remaining contractual life of outstanding share options [line items]
Exercise price	$ 2,199.15
Number of options outstanding | shares	260
Weighted average grant date fair value	$ 1,259.55
Weighted average remaining contractual life (years)	6 years 3 months
Exercisable options | shares	260

Share-based payments - Warrants

Share-based payments - Warrants (Details)										12 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	Aug. 31, 2024 $ / shares shares	Aug. 31, 2023 $ / shares 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	1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	2,763	17,775
Warrants term	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)	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,080	$ 1,687.50	$ 546.75	$ 568.35	$ 191.23	$ 141.75	$ 191.23	$ 734.40	$ 724.95	$ 722.25	$ 761.40	$ 765.45	$ 760.05	$ 1,457.03	$ 2,276.61

Share-based payments - Fair val

Share-based payments - Fair value of option grants relating to warrants (Details)	12 Months Ended
	Aug. 31, 2024 CAD ($) $ / shares	Aug. 31, 2023 CAD ($)	Aug. 31, 2024 $ / shares shares	Aug. 31, 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. 31, 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 | (per share)			$ 546.75		$ 141.75	$ 191.23	$ 141.75	$ 191.23	$ 546.75	$ 734.40	$ 568.35	$ 546.75	$ 724.95	$ 546.75	$ 722.25	$ 568.35	$ 761.40	$ 568.35	$ 765.45	$ 568.35	$ 760.05	$ 1,080	$ 1,457.03	$ 1,687.50	$ 2,276.61
Share-based payments expense for warrant | $	$ 175,236	$ 0
November 23, 2020
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price				$ 2,276.61
Market price	$ 1,759.05
Expected volatility (%)	100%
Risk-free interest rate (%)	0.40%
Expected life (years)	5 years
Number of warrants outstanding | shares			1,125	1,125
Weighted average remaining contractual life (years)	1 year 2 months 23 days
August 5, 2022
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price				$ 1,457.03
Market price	$ 972
Expected volatility (%)	100%
Risk-free interest rate (%)	2.90%
Expected life (years)	3 years
Number of warrants outstanding | shares			371	371
Weighted average remaining contractual life (years)	11 months 4 days
December 21, 2023
Disclosure of terms and conditions of share-based payment arrangement [line items]
Exercise price				$ 191.23
Market price	$ 247.05
Expected volatility (%)	76%
Risk-free interest rate (%)	4%
Expected life (years)	5 years
Number of warrants outstanding | shares			1,023	1,023
Weighted average remaining contractual life (years)	4 years 3 months 21 days

Revenues (Details)

Revenues (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 3,794,345	$ 5,651,502	$ 7,350,946
Sales of boats
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	1,752,750	1,287,979	2,459,365
Sales of parts and boat maintenance
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	95,168	324,720	97,721
Boat rental and boat club membership revenue
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 1,946,427	$ 4,038,803	$ 4,793,860

Revenues - geographical distrib

Revenues - geographical distribution of revenues from external customers (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 3,794,345	$ 5,651,502	$ 7,350,946
Canada
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		348,570	557,639
USA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		5,116,927	6,086,527
Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		186,005	706,780
Sale of electric boats
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		1,612,699	2,557,085
Sale of electric boats | Canada
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		348,570	557,639
Sale of electric boats | USA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		1,078,124	1,292,666
Sale of electric boats | Other
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		186,005	706,780
Rental of electric boats
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		4,038,803	4,793,861
Rental of electric boats | USA
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues		$ 4,038,803	$ 4,793,861

Grants and investment tax cre_2

Grants and investment tax credits (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Grants and investment tax credits
Grants and investment tax credits	$ 66,761	$ 232,882	$ 1,458,632
Grants and investment tax credits excluded from cost of sales	0	0	8,535
Grants and investment tax credits excluded from research and development expense	0	144,032	1,408,840
Grants and investment tax credits excluded from property and equipment and intangible asset	0	0	40,584
Grants Excluded From Office Salaries And Benefits	$ 66,761	$ 88,850	$ 0

Net finance (income) expense (D

Net finance (income) expense (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Net finance (income) expense
Interest and bank charges	$ 249,627	$ 142,117	$ 184,895
Interest income	(64,118)	(113,334)	(379,288)
Foreign currency exchange gain	(48,881)	(208,132)	(251,947)
Transaction costs	1,860,335	719,167
Gain on derivative liabilities	12,081,094	2,055,688
Loss on securities exchange	1,715,543
Loss on warrant re-pricing	887,827
Loss (gain) on Debentures		(88,666)	670,000
Net finance expense	$ (7,480,761)	$ (1,604,536)	$ 223,660

Income taxes - Income tax expen

Income taxes - Income tax expense (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Income taxes at the applicable tax rate of 26.5% [2023 - 26.5%; 2022 - 26.5%]	$ (3,793,762)	$ (5,606,886)	$ (3,406,162)
Adjustment in respect of current and deferred income tax of previous year	789,334	(72,894)	(4,396)
Permanent differences	2,526	70,418	823,119
Change in recognition of deferred income tax assets	2,746,439	5,328,487	2,816,417
Other			29,365
Total income tax expense (recovery)	$ (255,463)	$ (280,875)	$ 258,343
Income taxes at the applicable tax rate (Percent)	26.50%	26.50%	26.50%
Research and development expenditures for income tax	$ 4,271,000	$ 3,541,000
Research and development
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused investment tax credit related to research and development expenditure carried for future payables	$ 678,000	$ 642,000

Income taxes - Deferred tax ass

Income taxes - Deferred tax asset and liability (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023
Income taxes
Beginning Balance	$ 23,323
Recognized in net loss	265,377
Deconsolidated	(197,658)
Others	1,931
Ending Balance	92,973
Net operating losses carried forward for income tax purposes	46,369,000	$ 35,333,000
Net operating losses carried forward and deductible temporary differences not been recognized	54,489,000	$ 45,415,000
Property and equipment
Income taxes
Beginning Balance	(184,176)
Recognized in net loss	(50,882)
Deconsolidated	198,275
Others	(3,686)
Ending Balance	(40,469)
Intangibles
Income taxes
Beginning Balance	(255,278)
Recognized in net loss	26,428
Deconsolidated	(2,594)
Others	36
Ending Balance	(231,408)
Net operating losses
Income taxes
Beginning Balance	9,354,764
Recognized in net loss	3,019,259
Deconsolidated	(120,802)
Ending Balance	12,253,221
Financing fees
Income taxes
Beginning Balance	732,369
Recognized in net loss	140,459
Ending Balance	872,828
Research and development
Income taxes
Beginning Balance	987,997
Recognized in net loss	79,352
Ending Balance	1,067,349
Difference in timing of recognition
Income taxes
Beginning Balance	755,900
Recognized in net loss	34,737
Deconsolidated	(233,328)
Others	2,569
Ending Balance	559,878
Right-of-use asset
Income taxes
Beginning Balance	(603,989)
Recognized in net loss	340,679
Deconsolidated	222,297
Others	(3,446)
Ending Balance	(44,459)
Lease liability
Income taxes
Beginning Balance	664,308
Recognized in net loss	(363,979)
Deconsolidated	(261,506)
Others	6,458
Ending Balance	45,281
Net capital losses
Income taxes
Beginning Balance	50,418
Ending Balance	50,418
Unrecognized deferred tax assets
Income taxes
Beginning Balance	(11,478,990)
Recognized in net loss	(2,960,676)
Ending Balance	$ (14,439,666)

Financial risk management and_2

Financial risk management and fair value measurement - Fair value measurement and hierarchy (Details) - Volatility	Aug. 31, 2024
Series A Convertible Preferred Shares
Financial risk management and fair value measurement
Percentage Of Fair Value Of Derivative Liability On Volatility Rate	70%
Series B Convertible Preferred Shares
Financial risk management and fair value measurement
Percentage Of Fair Value Of Derivative Liability On Volatility Rate	75%
Derivatives
Financial risk management and fair value measurement
Percentage of fair value of derivative liability to determine remaining contractual life	83%
Percentage of reasonably possible increase in unobservable input liabilities	88%

Financial risk management and_3

Financial risk management and fair value measurement - Maturity analysis of liquidity risk (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Financial risk management and fair value measurement
Contractual cash flows	$ 2,520,684	$ 969,859
Less than one year
Financial risk management and fair value measurement
Contractual cash flows	2,163,441	896,076
One year to five years
Financial risk management and fair value measurement
Contractual cash flows	357,243	73,783
Trade and other payables
Financial risk management and fair value measurement
Contractual cash flows	2,062,044	550,836
Trade and other payables | Less than one year
Financial risk management and fair value measurement
Contractual cash flows	2,062,044	550,836
Other financial liabilities
Financial risk management and fair value measurement
Contractual cash flows		113,694
Other financial liabilities | Less than one year
Financial risk management and fair value measurement
Contractual cash flows		113,694
Long-term debt
Financial risk management and fair value measurement
Contractual cash flows	458,640	305,329
Long-term debt | Less than one year
Financial risk management and fair value measurement
Contractual cash flows	101,397	231,546
Long-term debt | One year to five years
Financial risk management and fair value measurement
Contractual cash flows	$ 357,243	$ 73,783

Financial risk management and_4

Financial risk management and fair value measurement - Foreign exchange risk (Details) - CAD ($)	Aug. 31, 2024	Aug. 31, 2023
Trade and other payables
Financial risk management and fair value measurement
Carrying amount of financial instruments	$ 2,224,737	$ 800,149
Cash
Financial risk management and fair value measurement
Carrying amount of financial instruments	38,107	3,258,419
Trade and other receivables
Financial risk management and fair value measurement
Carrying amount of financial instruments	$ 28,488	$ 188,001

Financial risk management and_5

Financial risk management and fair value measurement - Sensitivity analysis (Details) - Currency risk	12 Months Ended
	Aug. 31, 2024 CAD ($)
Financial risk management and fair value measurement
Percentage of reasonably possible increase in risk assumption	5%
Percentage of reasonably possible decrease in risk assumption	5%
Increase in net income (loss) due to reasonably possible increase in risk assumption	$ 107,907
Decrease in net income (loss) due to reasonably possible decrease in risk assumption	(107,907)
Increase in other comprehensive income due to reasonably possible increase in risk assumption	(17,658)
Decrease in other comprehensive income due to reasonably possible decrease in risk assumption	$ 17,658

Segment information (Details)

Segment information (Details)	12 Months Ended
	Aug. 31, 2024 CAD ($) segment	Aug. 31, 2023 CAD ($)	Aug. 31, 2022 CAD ($)
Segment information
Number of reportable business segments | segment	2
Segment revenues	$ 3,794,345	$ 5,651,502	$ 7,350,946
Segment gross profit (loss)	1,497,438	1,536,426	3,285,565
Segment (loss) profit before tax	(14,316,083)	(21,158,061)	(12,853,442)
Research and development	2,739,022	5,704,912	2,242,794
Office salaries and benefits [note 18]	3,307,420	4,014,181	3,335,799
Segment assets	11,420,241	24,046,512
Cash	63,126	3,359,257
Additions to property and equipment	536,946	938,802	1,175,931
Segment liabilities	8,400,254	12,482,075
Operating segments
Segment information
Revenue from external customers	5,651,502	7,350,946	3,794,345
Segment revenues	5,651,502	7,350,946	3,794,345
Segment gross profit (loss)	1,536,426	3,285,565	1,497,438
Segment (loss) profit before tax	(21,158,061)	(12,853,442)	(14,316,083)
Research and development	5,704,912	2,242,794	2,739,022
Office salaries and benefits [note 18]	4,014,181	3,335,799	3,307,420
Segment assets	24,046,512	11,420,241
Cash	3,359,257	63,126
Additions to property and equipment	983,609	599,578
Segment liabilities	12,482,075	8,400,254
Inter-segment eliminations
Segment information
Revenue from other segments	(1,203,780)	(901,225)	(503,962)
Segment revenues	(1,203,780)	(901,225)	(503,962)
Segment gross profit (loss)	(187,450)	(150,975)	(168,009)
Segment (loss) profit before tax	(170,367)	(93,852)	(1,056,499)
Research and development	(233,098)
Office salaries and benefits [note 18]	(7,739)
Segment assets	(10,239,388)	(11,277,388)
Additions to property and equipment	(185,744)	(185,744)
Segment liabilities	(1,013,824)	(1,013,824)
Sale of electric boats | Operating segments
Segment information
Revenue from external customers	1,612,699	2,557,086	1,847,918
Revenue from other segments	867,097	820,383	487,000
Segment revenues	2,479,796	3,377,469	2,334,918
Segment gross profit (loss)	(242,590)	596,570	570,268
Segment (loss) profit before tax	(20,363,838)	(13,632,377)	(4,180,670)
Research and development	5,938,010	2,242,794	2,739,022
Office salaries and benefits [note 18]	2,769,196	2,384,746	2,890,588
Segment assets	20,344,002	19,737,669
Cash	3,025,565	28,108
Additions to property and equipment	194,820	280,587
Segment liabilities	10,154,031	8,306,618
Rental of electric boats | Operating segments
Segment information
Revenue from external customers	4,038,803	4,793,860	1,946,427
Revenue from other segments	336,683	80,842	16,962
Segment revenues	4,375,486	4,874,702	1,963,389
Segment gross profit (loss)	1,966,466	2,839,970	1,095,179
Segment (loss) profit before tax	(623,856)	872,787	(9,078,914)
Office salaries and benefits [note 18]	1,237,246	951,053	$ 416,832
Segment assets	13,941,898	2,960,124
Cash	333,692	35,018
Additions to property and equipment	974,533	487,000
Segment liabilities	$ 3,341,868	$ 1,151,501

Additional cash flows informa_3

Additional cash flows information (Details) - CAD ($)	12 Months Ended
	Aug. 31, 2024	Aug. 31, 2023	Aug. 31, 2022
Additional cash flows information.
Additions to right-of-use assets	$ 237,469	$ 921,498	$ 234,608
Lease termination	$ 1,160,649	$ 101,471	$ 273,652

Commitments (Details)

Commitments (Details)	Aug. 31, 2024 CAD ($)
2025
Commitments
Amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	$ 3,180,531
2026
Commitments
Amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	$ 1,283,257

Commitments - Summary of undisc

Commitments - Summary of undiscounted lease commitments (Details)	Aug. 31, 2024 CAD ($)
Commitments
Undiscounted lease commitments	$ 842,486
2025
Commitments
Undiscounted lease commitments	53,964
2026
Commitments
Undiscounted lease commitments	162,971
2027
Commitments
Undiscounted lease commitments	166,231
2028 and thereafter
Commitments
Undiscounted lease commitments	$ 459,320

Deconsolidation of subsidiary_2

Deconsolidation of subsidiary (Details) - EB Rental, Ltd.	Apr. 25, 2024 CAD ($)
Deconsolidation of subsidiary
Percentage of ownership interest disposed	100%
Consideration for disposal of subsidiary	$ 1,089,302

Deconsolidation of subsidiary -

Deconsolidation of subsidiary - Gain on the Disposal (Details) - CAD ($)		12 Months Ended
	Apr. 25, 2024	Aug. 31, 2024	Aug. 31, 2023
Less: EB Rental, Ltd. net assets at disposal
- EB Rental Ltd. share capital at disposal		$ (55,421,479)	$ (50,395,717)
Deficit		(65,609,357)	(51,548,737)
Less: Goodwill attributable to EB Rental, Ltd.			$ (9,680,941)
Total gain on deconsolidation date		$ 175,589
EB Rental, Ltd.
Deconsolidation of subsidiary
Consideration for disposal of subsidiary	$ 1,089,302
Less: EB Rental, Ltd. net assets at disposal
- EB Rental Ltd. share capital at disposal	(100)
Deficit	165,427
Net assets at disposal	(165,327)
Less: Goodwill attributable to EB Rental, Ltd.	(1,079,040)
Total gain on deconsolidation date	$ 175,589

Deconsolidation of subsidiary_3

Deconsolidation of subsidiary - Net assets (liabilities) (Details) - CAD ($)	Aug. 31, 2024	Apr. 25, 2024	Aug. 31, 2023
Deconsolidation of subsidiary
Current assets	$ 8,613,567		$ 8,487,113
Right-of-use assets	260,807		2,414,593
Property and equipment	1,578,422		2,313,926
Other assets	5,929		114,755
Current liabilities	(5,724,907)		(4,850,177)
Lease liabilities	(137,715)		(1,994,156)
Other comprehensive income	$ (1,127,048)		$ (1,032,628)
EB Rental, Ltd.
Deconsolidation of subsidiary
Current assets		$ 363,825
Right-of-use assets		804,596
Property and equipment		555,875
Other assets		83,726
Current liabilities		(1,132,115)
Lease liabilities		(937,427)
Other comprehensive income		96,193
Net assets at disposal		$ (165,327)

Subsequent events (Details)

Subsequent events (Details)					1 Months Ended	2 Months Ended	3 Months Ended	12 Months Ended
	Oct. 08, 2024 shares	Sep. 16, 2024 CAD ($) shares	Aug. 22, 2024 shares	Aug. 16, 2024 shares	Sep. 30, 2024 shares	Nov. 30, 2024 USD ($) shares	Nov. 30, 2024 shares	Aug. 31, 2024 CAD ($) shares	Aug. 31, 2023 CAD ($)	Aug. 31, 2022 CAD ($)
Subsequent events
Cash consideration | $								$ 1,781,194	$ 12,437,523
Transaction costs | $								246,298	800,744	$ 0
Number of shares converted			1
Issue of equity | $								$ 2,278,395	$ 6,778,427	$ 606,609
Ratio to the conversion of stock split	9		15
Additional voting common shares			16,800
Series A Convertible Preferred Shares
Subsequent events
Number of shares converted								650
Shares issued upon conversion of convertible preferred stock				21,169				11,642
Issue of common shares
Subsequent events
Number of shares issued during the period		377,778
Cash consideration | $		$ 4,621,620
Transaction costs | $		$ 1,088,964
Shares issued upon conversion of convertible preferred stock					9,877
Shares issued for services							124,642
Ratio to the conversion of stock split	0.11
Additional voting common shares	195,203
Issue of common shares | At the market public offering
Subsequent events
Number of shares issued during the period						695,583
Cash consideration | $						$ 2,572,680
Transaction costs | $						77,252
Issue of equity | $						$ 11,750,000
Issue of common shares | Series A Convertible Preferred Shares
Subsequent events
Number of shares converted					400