Vision Marine (VMAR) 6-K 13 Jan 25 2025 Q1 Condensed Interim Consolidated Financial Statements Financial data

Document and Entity Information

Document and Entity Information	3 Months Ended
	Nov. 30, 2024
Document and Entity Information
Document Type	6-K
Document Period End Date	Nov. 30, 2024
Entity Registrant Name	VISION MARINE TECHNOLOGIES INC.
Entity Central Index Key	0001813783
Current Fiscal Year End Date	--08-31
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2025
Amendment Flag	false

Consolidated statements of fina

Consolidated statements of financial position - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
Current
Cash	$ 963,580	$ 63,126
Trade and other receivables [note 3]	138,439	138,656
Income tax receivable		6,454
Inventories [note 4]	6,309,002	6,209,287
Prepaid expenses [note 4]	3,027,278	2,156,844
Share subscription receivable [note 14]	99,859	39,200
Advances to related parties [note 14]	17,408
Total current assets	10,555,566	8,613,567
Right-of-use assets [note 5]	250,457	260,807
Property and equipment [note 6]	1,523,589	1,578,422
Intangibles [note 7]	832,392	868,543
Deferred income taxes	88,960	92,973
Other financial assets	6,157	5,929
Total assets	13,257,121	11,420,241
Current
Trade and other payables [notes 9 & 14]	2,059,875	4,497,508
Provision on onerous contracts	91,667	91,667
Income tax payable	11,822
Contract liabilities [note 10]	896,751	827,642
Advances from related parties [note 14]		84,616
Current portion of lease liabilities [note 11]	131,434	122,077
Current portion of long-term debt [note 12]	106,355	101,397
Current portion of derivative liabilities [notes 2 and 13]	366,586	1,964,774
Total current liabilities	3,664,490	7,689,681
Lease liabilities [note 11]	119,622	137,715
Long-term debt [note 12]	337,804	357,243
Derivative liabilities [notes 2 and 13]	3,695	215,615
Total liabilities	4,125,611	8,400,254
Shareholders' equity
Capital stock [note 15]	62,997,017	55,421,479
Contributed surplus [note 16]	12,219,139	12,080,817
Accumulated other comprehensive income	1,119,230	1,127,048
Deficit	(67,203,876)	(65,609,357)
Total shareholders' equity	9,131,510	3,019,987
Total shareholders' equity and liabilities	$ 13,257,121	$ 11,420,241

Consolidated statements of chan

Consolidated statements of changes in equity (deficit) - CAD ($)	Capital stock	Pre-funded warrants	Contributed surplus	Deficit	Accumulated other comprehensive income	Total
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
Total comprehensive income (loss)				1,025,129	28,520	1,053,649
Share-based compensation - stock options [note 16]			74,333			74,333
Securities issuance, net of transaction costs [note 15] (in shares)	3,534
Securities issuance, net of transaction costs [note 15]	$ 1,420,722					1,420,722
Shareholders' equity at Nov. 30, 2023	$ 51,816,439		11,759,162	(50,523,608)	1,061,148	14,113,141
Shareholders' equity (in shares) at Nov. 30, 2023	86,329
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
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
Total comprehensive income (loss)				(1,594,519)	(7,818)	(1,602,337)
Securities issuance - preferred shares converted [note 15]	$ 136,689					136,689
Securities issuance - preferred shares converted [note 15] (in shares)	9,877
Securities issuance, net of transaction costs [note 15] (in shares)	1,198,003
Securities issuance, net of transaction costs [note 15]	$ 7,438,849					7,438,849
Fractional securities issued due to reverse stock split (in shares)	195,203
Share-based compensation - warrants [note 16]			119,985			119,985
Share-based compensation - stock options [note 16]			18,337			18,337
Shareholders' equity at Nov. 30, 2024	$ 62,958,292	$ 38,725	$ 12,219,139	$ (67,203,876)	$ 1,119,230	$ 9,131,510
Shareholders' equity (in shares) at Nov. 30, 2024	1,566,486	475

Consolidated statements of ch_2

Consolidated statements of changes in equity (deficit) (Parenthetical) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Consolidated statements of changes in equity (deficit)
Transaction costs	$ 1,351,836	$ 246,298

Consolidated statements of comp

Consolidated statements of comprehensive income (loss) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Consolidated statements of comprehensive income (loss)
Revenues [note 17]	$ 142,411	$ 986,392
Cost of sales [note 4]	192,851	550,864
Gross profit (loss)	(50,440)	435,528
Expenses
Research and development	254,010	984,506
Office salaries and benefits	489,945	860,454
Selling and marketing expenses	547,041	789,332
Professional fees	1,116,856	1,092,852
Office and general	375,539	752,995
Share-based compensation [note 16]	18,337	74,333
Depreciation	124,009	203,209
Net finance income [note 18]	(1,403,947)	(5,224,179)
Other income		(66,244)
Operating expense	1,521,790	(532,742)
Income (loss) before tax	(1,572,230)	968,270
Income taxes
Current tax expense	18,276	17,796
Deferred tax expense (recovery)	4,013	(74,655)
Total income tax expense (recovery)	22,289	(56,859)
Net income (loss) for the period	(1,594,519)	1,025,129
Items of comprehensive income (loss) that will be subsequently reclassified to earnings:
Foreign currency translation differences for foreign operations, net of tax	(7,818)	28,520
Other comprehensive income (loss), net of tax	(7,818)	28,520
Total comprehensive income (loss) for the period, net of tax	$ (1,602,337)	$ 1,053,649
Weighted average shares outstanding, Basic (in shares)	807,492	85,665
Weighted average shares outstanding, Diluted (in shares)	807,492	85,665
Basic income (loss) per share (in dollars per share)	$ (1.97)	$ 11.97
Diluted income (loss) per share (in dollars per share)	$ (1.97)	$ 11.97

Consolidated statements of cash

Consolidated statements of cash flows	3 Months Ended		12 Months Ended
	Nov. 30, 2024 CAD ($)	Nov. 30, 2023 CAD ($)	Aug. 31, 2024 CAD ($)
Operating activities
Net income (loss)	$ (1,594,519)	$ 1,025,129
Depreciation	136,122	275,839
Accretion on long-term debt and lease liability	18,195	43,904
Share-based compensation - options and warrants	138,322	74,333
Shares issued for services	591,571	405,262
Income tax expense	22,289	(56,859)
Income tax paid		(8,802)
Gain on disposal of property and equipment		(4,391)
Gain on derivative liabilities	(1,673,420)	(5,411,168)
Effect of exchange rate fluctuation	(10,981)	287
Operating activities before working capital items	(2,372,421)	(3,656,466)
Net change in non-cash working capital items
Trade and other receivables	217	50,160
Inventories	(99,715)	(737,177)
Other financial assets	(228)	(399)
Prepaid expenses	(870,434)	(859,379)
Trade and other payables	(2,437,633)	1,081,594
Contract liabilities	69,109	35,622
Other financial liabilities		(18,620)
Cash used in operating activities	(5,711,105)	(4,104,665)
Investing activities
Additions to property and equipment	(6,800)	(39,196)
Additions to intangibles	(1,806)
Proceeds from the disposal of property and equipment		50,522
Cash provided by (used in) investing activities	(8,606)	11,326
Financing activities
Change in credit facility		55,000
Increase in long-term debt	280,500
Repayment of long-term debt	(310,121)	(65,306)
Repayment of advance from related parties	(102,024)
Issuance of Voting Common Shares and warrants [note 15]	6,786,619	1,781,194
Repayment of lease liabilities	(34,809)	(194,818)
Cash provided by financing activities	6,620,165	1,576,070
Net increase (decrease) in cash during the period	900,454	(2,517,269)
Cash, beginning of period	63,126	3,359,257	$ 3,359,257
Cash, end of period	$ 963,580	$ 841,988	$ 63,126

Incorporation and nature of bus

Incorporation and nature of business	3 Months Ended
	Nov. 30, 2024
Incorporation and nature of business
Incorporation and nature of business	1. Incorporation and nature of business Vision Marine Technologies Inc. [the “Company”] was incorporated on August 29, 2012 and its principal business is to manufacture and sell or rent electric boats. The Voting Common Shares of the Company are listed under the trading symbol “VMAR” on Nasdaq. The Company is incorporated in Canada and its head office and registered office is located at 730 Curé-Boivin boulevard, Boisbriand, Quebec, J7G 2A7. Business seasonality The Company’s operating results generally vary from quarter to quarter as a result of changes in general economic conditions and seasonal fluctuations, among other things, in each of its reportable segments. This means the Company’s results in one quarter are not necessarily indicative of how the Company will perform in a future quarter. Sale of electric boats The sale of electric boats segment has a seasonal aspect to its operations. Most customers purchase their electric boats from the Company with the intention of utilizing them during the summer period which typically runs from early June to late August and corresponds to the Company’s fourth quarter of a financial year. As such, the revenues in this operating segment fluctuate based on the level of boat deliveries, with a high and a low in the fourth quarter and the first quarter, respectively. Rental of electric boats Revenue generated by the rental of electric boats segment also has a seasonal aspect to its operations. Boat rental as an activity is highly sought by customers when the weather is milder, which is typically the case during the period from May to August. A colder-than-expected or rainier summer in any given year could have an impact on the segment’s revenues and hence on its profitability. Revenue from the boat club memberships is not impacted by seasonality as the memberships are typically on an annual basis.

Basis of preparation and going

Basis of preparation and going concern uncertainty	3 Months Ended
	Nov. 30, 2024
Basis of preparation and going concern uncertainty
Basis of preparation and going concern uncertainty	2. Basis of preparation and going concern uncertainty Compliance with IFRS These condensed interim consolidated financial statements are for the three-month period ended November 30, 2024 and have been prepared in accordance with IAS 34: Interim Financial Reporting. They do not include all of the information required in annual financial statements in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) and should be read in conjunction with the consolidated financial statements for the year ended August 31, 2024. The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended August 31, 2024. The condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on January 13, 2025. Going concern uncertainty As of November 30, 2024, the Company has cash of $963,580 and working capital of $6,891,076. The Company has incurred recurring losses, has not yet achieved profitable operations and has a deficit of $67,203,876 since its inception. The cash flows from operations were negative for the three years ended August 31, 2024 as well as for the current three-month period ended November 30, 2024. Additional financing will be needed by the Company to fund its operations and to commercialize the E-Motion powertrain business. These matters, when considered in aggregate, indicate the existence of a material uncertainty that raises substantial doubt about the Company’s ability to continue as a going concern for at least 12 months from the issuance of these condensed interim consolidated financial statements. In view of these matters, continuation as a going concern is dependent upon the continued operations of the Company which will be determined by the Company’s ability to meet its financial requirements, including its ability to raise additional capital. The Company is evaluating several different strategies and is actively pursuing actions that are expected to increase its liquidity position, including, but not limited to, pursuing additional cost savings initiatives, seeking additional financing from both the public and private markets through the issuance of equity securities, and potentially selling assets which do not align with the Company’s outlook of future operations. For the three-month period ended November 30, 2024, the Company was able to raise net proceeds from issuance of common shares, of $6,786,619. However, the Company’s management cannot provide assurances that the Company will be successful in accomplishing any of its proposed financing plans. Management also cannot provide any assurance as to unforeseen circumstances that could occur within the next 12 months which could increase the Company’s need to raise additional capital on an immediate basis, which additional capital may not be available to the Company. The accompanying condensed interim consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue its operations for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of business. These condensed interim consolidated financial statements as at and for the three-month period ended November 30, 2024 do not include any adjustments to the carrying amounts and classification of assets, liabilities and reported expenses that may otherwise be required if the going concern basis was not appropriate. Such adjustments could be material. Basis of measurement These condensed interim consolidated financial statements are presented in Canadian dollars and were prepared on a historical cost basis. Basis of consolidation The condensed interim consolidated financial statements include the accounts of the Company, and the subsidiaries that it controls. Control exists when the Company has the power over the subsidiary, when it is exposed or has rights to variable returns from its involvement with the subsidiary and when it has the ability to use its power to affect its returns. Subsidiaries that the Company controls are consolidated from the effective date of acquisition up to the effective date of disposal or loss of control. Details of the Company’s significant subsidiaries at the end of the reporting period are set out below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ Proportion of ​ ​ ​ ​ incorporation ​ ownership held Name of subsidiary Principal activity and operation by the Company 7858078 Canada Inc. ​ Owns an electric boat rental center ​ Canada ​ 100 % EB Rental, Ltd. ​ Operates an electric boat rental center ​ United States ​ 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. Foreign currency translation The Company’s condensed interim consolidated financial statements are presented in Canadian dollars, which is also the parent company’s functional currency. The functional currency of 7858078 Canada Inc. is the Canadian dollar, while the functional currency for EB Rental Ltd., EB Rental Ventura Corp., EB Rental FL Corp., EBR Palm Beach Inc. and Vision Marine Technologies Corp. is the US dollar. The exchange rates for the currencies used in the preparation of the interim condensed consolidated financial statements were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average exchange rate for the ​ ​ Exchange rate as at: ​ three-month period ended ​ November 30, August 31, November 30, November 30, ​ ​ 2024 ​ 2024 ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ US dollar ​ 1.4010 1.3491 1.3762 1.3655 ​ Use of estimates and judgments The preparation of financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on management’s best knowledge of the amount, event or actions, actual results ultimately may differ from those estimates. Areas where judgments, estimates and assumptions are considered significant to the condensed interim consolidated financial statements remain unchanged to the 2024 annual financial statements. 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 second 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. Comparative references to the above have also been adjusted to reflect the two reverse stock splits. New accounting standards and interpretations Effective as of September 1, 2024 Amendments to IAS 1 – Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants - In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 Presentation of Financial Statements to specify the requirements for classifying liabilities as current or non-current. In November 2022, the IASB issued further amendments delaying the effective date to annual reporting periods beginning on or after January 1, 2024. The amendments are required to be applied on a retrospective basis. For the Company, the amendments became effective as of September 1, 2024, resulting in the reclassification of the Company's derivative liabilities from long-term to current liabilities as described below. Comparative figures have also been adjusted to comply with the required retrospective application Prior to the effective date of these amendments, the Company classified all of its derivative liabilities as long-term. See note 13 for details of the Company’s derivative liabilities. The Company’s derivative liabilities consist of the following instruments: - Warrants issued to common shareholders - Warrants issued to Series B Convertible Preferred shareholders - Series A Convertible Preferred Shares - Series B Convertible Preferred Shares As a result of the amendments to IAS 1, the derivative liabilities associated with the warrants issued to both the common shareholders and the Series B Convertible Preferred shareholders will continue to be classified as long-term liabilities because expiry dates for these instruments are more than 12 months after both period-ends presented, namely November 30, 2024 and August 31, 2024. However, the derivative liabilities associated with the Series A and B Convertible Preferred Shares are required to be reclassified from long-term to current as a result of these amendments since the forced conversion date for these instruments is less than 12 months after both period-ends presented, namely November 30, 2024 and August 31, 2024. For the Series A Convertible Preferred Shares, the forced conversion date is December 21, 2024 while the forced conversion date for the Series B Convertible Preferred Shares is January 17, 2025. The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at November 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Balance prior ​ Balance after ​ ​ to adoption ​ Changes ​ adoption ​ ​ $ ​ $ ​ $ Current portion of derivative liabilities — 366,586 366,586 ​ ​ ​ ​ ​ ​ ​ Long-term portion of derivative liabilities 370,281 (366,586) 3,695 ​ The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at August 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Balance prior ​ Balance after ​ ​ to adoption ​ Changes ​ adoption ​ ​ $ ​ $ ​ $ Current portion of derivative liabilities — 1,964,774 1,964,774 ​ ​ ​ ​ ​ ​ ​ Long-term portion of derivative liabilities 2,180,389 (1,964,774) 215,615 ​ Standards and interpretations not yet effective 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 IFRS 18 Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18, which replaces IAS 1 Presentation of Financial Statements

Trade and other receivables

Trade and other receivables	3 Months Ended
	Nov. 30, 2024
Trade and other receivables
Trade and other receivables	3. Trade and other receivables ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Trade receivables ​ 51,681 ​ 26,222 Sales taxes receivable ​ 78,595 ​ 104,270 Other receivables ​ 8,163 ​ 8,164 ​ ​ 138,439 ​ 138,656 ​ Trade receivables disclosed above include amounts that are past due at the end of the reporting period for which the Company has not recognized an allowance for expected credit losses because there has not been a significant change in credit quality and the amounts are still considered recoverable. As at November 30, 2024, trade receivables of $29,109 [August 31, 2024 – $26,222] were past due but not impaired. They relate to customers with no default history. The aging analysis of these receivables is as follows: ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ 0 – 30 ​ 22,572 — 31 – 60 ​ — 21,603 61 – 90 ​ 3,532 — 91 and over ​ 25,577 4,619 ​ ​ 51,681 26,222 ​ There were no movements in the allowance for expected credit losses for the three-month period ended November 30, 2024 and the year ended August 31, 2024.

Inventories

Inventories	3 Months Ended
	Nov. 30, 2024
Inventories
Inventories	4. Inventories ​ ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Raw materials ​ 5,511,160 ​ 5,456,935 Work-in-process ​ 481,390 ​ 383,968 Finished goods ​ 316,452 ​ 368,384 ​ ​ 6,309,002 ​ 6,209,287 ​ For the three-month period ended November 30, 2024, inventories recognized as an expense amounted to $192,851 [2023 – $550,864]. For the three-month period ended November 30, 2024, cost of sales includes depreciation of $11,948 [2023 – $72,630]. As at November 30, 2024, prepaid expenses included deposits to suppliers for future inventory purchases of $2,618,931. [August 31, 2024 – $1,780,430].

Right-of-use assets

Right-of-use assets	3 Months Ended
	Nov. 30, 2024
Right-of-use assets
Right-of-use assets	5. Right-of-use assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Premises ​ Moulds ​ Rolling stock ​ Total ​ $ $ $ $ Cost ​ ​ ​ ​ ​ 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 Additions ​ — — 19,597 19,597 Currency translation ​ 1,954 ​ — ​ 1,624 ​ 3,578 Balance at November 30, 2024 ​ 115,202 ​ 67,432 ​ 189,634 ​ 372,268 ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ 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 Depreciation ​ 7,726 ​ 8,429 ​ 17,370 ​ 33,525 Balance at November 30, 2024 ​ 27,937 16,858 77,016 121,811 Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ 93,037 59,003 108,767 260,807 As at November 30, 2024 ​ 87,265 50,574 112,618 250,457 ​ 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.

Property and equipment

Property and equipment	3 Months Ended
	Nov. 30, 2024
Property and equipment.
Property and equipment	6. Property and equipment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Machinery ​ ​ ​ ​ ​ ​ ​ ​ and ​ Rolling ​ Computer ​ ​ ​ Leasehold ​ Boat ​ ​ ​ ​ equipment ​ stock ​ equipment ​ Moulds ​ improvements ​ rental fleet ​ Total ​ $ $ $ $ $ $ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Additions — — — ​ — ​ — ​ 6,800 ​ 6,800 Balance at November 30, 2024 426,338 46,149 25,243 ​ 1,116,447 ​ 372,055 ​ 296,023 ​ 2,282,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Depreciation 7,788 830 485 ​ 11,438 ​ 25,298 ​ 15,794 ​ 61,633 Balance at November 30, 2024 275,609 35,759 22,147 ​ 162,383 ​ 240,800 ​ 21,968 ​ 758,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 158,517 11,220 3,581 ​ 965,502 ​ 156,553 ​ 283,049 ​ 1,578,422 As at November 30, 2024 150,729 10,390 3,096 ​ 954,064 ​ 131,255 ​ 274,055 ​ 1,523,589 ​

Intangible assets and goodwill

Intangible assets and goodwill	3 Months Ended
	Nov. 30, 2024
Intangible assets and goodwill
Intangible assets and goodwill	7. Intangible assets and goodwill ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ ​ Trade ​ ​ ​ ​ ​ Property ​ Software ​ Patents ​ name ​ Backlog ​ Website ​ Total ​ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Additions ​ — ​ — ​ 1,806 ​ — ​ — ​ — ​ 1,806 Currency translation ​ — ​ — ​ — ​ 1,645 ​ 1,033 ​ 329 ​ 3,007 Balance at November 30, 2024 ​ 1,035,070 ​ 101,775 ​ 65,122 ​ 105,134 ​ 84,435 ​ 20,226 ​ 1,411,862 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Depreciation ​ 25,522 ​ 3,186 ​ 1,597 ​ 5,314 ​ 4,321 ​ 1,024 ​ 40,964 Balance at November 30, 2024 ​ 391,626 ​ 53,726 ​ 2,874 ​ 61,207 ​ 58,144 ​ 11,893 ​ 579,470 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ 668,966 ​ 51,235 ​ 62,039 ​ 47,596 ​ 29,679 ​ 9,028 ​ 868,543 As at November 30, 2024 ​ 643,444 ​ 48,049 ​ 62,248 ​ 43,927 ​ 26,391 ​ 8,333 ​ 832,392 ​

Credit facility

Credit facility	3 Months Ended
	Nov. 30, 2024
Credit facility
Credit facility	8. Credit facility During the year ended August 31, 2024, 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. No amounts were drawn on the line of credit as at November 30, 2024 and as at August 31, 2024.

Trade and other payables

Trade and other payables	3 Months Ended
	Nov. 30, 2024
Trade and other payables.
Trade and other payables	9. Trade and other payables ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 2024 ​ ​ $ ​ $ Trade payable 1,644,607 3,883,020 Salaries and vacation payable 415,268 614,488 ​ 2,059,875 4,497,508 ​

Contract liabilities

Contract liabilities	3 Months Ended
	Nov. 30, 2024
Contract liabilities
Contract liabilities	10. Contract liabilities ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Opening balance 827,642 1,815,731 Payments received in advance 76,393 924,913 Transferred to revenues (7,458) (997,224) Deconsolidation on sale of subsidiary — (928,833) Currency translation 174 13,055 Closing balance 896,751 827,642 ​

Lease liabilities

Lease liabilities	3 Months Ended
	Nov. 30, 2024
Lease liabilities
Lease liabilities	11. Lease liabilities ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Opening balance 259,792 2,641,794 Additions 19,597 237,469 Repayment (34,809) (650,461) Interest on lease liability 3,055 116,170 Lease termination — (1,160,649) Deconsolidation on sale of subsidiary ​ — ​ (937,427) Currency translation 3,421 12,896 Closing balance 251,056 259,792 ​ ​ ​ ​ ​ Current 131,434 122,077 Non-current 119,622 137,715 ​ 251,056 259,792 ​ Future undiscounted lease payments as at November 30, 2024 are as follows: ​ ​ ​ ​ ​ $ Less than one year 134,115 One to five years 128,683 ​ 262,798 ​ ​

Long-term debt

Long-term debt	3 Months Ended
	Nov. 30, 2024
Long-term debt.
Long-term debt	12. Long-term debt ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Term loans, bearing interest at rates varying 9.44% and 13.87% per annum payable in monthly installments of $13,609 ending December 2026. 444,159 458,640 ​ 444,159 458,640 Current portion of long-term debt 106,355 101,397 ​ 337,804 357,243 ​ In addition to the above facilities, on September 2, 2024, the Company obtained a temporary bridge loan of $270,500 (US$200,000) bearing interest at 30% per annum and repayable, at the latest, within 90 days from that date. The loan also carried a processing fee of $74,762 (US$55,000) which was recorded in net finance income [note 18]

Derivative liabilities

Derivative liabilities	3 Months Ended
	Nov. 30, 2024
Derivative liabilities
Derivative liabilities	13. 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, the Company issued warrants with the option to purchase 2,763 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 ($734.40). 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. The table below lists the assumptions used to determine the fair value of these warrant grants or issuances. Volatility is based on the historical share price volatility of the Company and other public companies with characteristics similar to the Company. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Issuance date $ $ % % [years] January 19, 2023 ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ Revised ​ warrants ​ remaining ​ ​ Exercise price ​ outstanding ​ contractual life Issuance date $ # [years] January 19, 2023 ​ 191.23 ​ 4,108 ​ 1.14 February 17, 2023 ​ 191.23 ​ 3,520 ​ 1.22 April 19, 2023 ​ 191.23 ​ 2,826 ​ 1.38 June 16, 2023 ​ 191.23 ​ 3,659 ​ 1.54 August 2, 2023 ​ 191.23 ​ 3,662 ​ 1.67 September 20, 2023 ​ 191.23 ​ 2,763 ​ 1.80 ​ As at November 30, 2024, the derivative liabilities related to the warrants issued to common shareholders amounted to nil [August 31, 2024 – $30,564]. For the three-month period ended November 30, 2024, the Company allocated transaction costs of nil related to the warrants issued during the period, which were recorded in net finance income [2023 – $149,472] [note 18] The table below summarizes the movement in the derivative liabilities related to the warrants issued to common shareholders during the three-month period ended November 30, 2024 and the fiscal year ended August 31, 2024: ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 30,564 5,558,822 Additions — 765,733 Effect on fair value of repricing of warrants — 896,458 Change in estimate of fair value (30,564) (7,190,449) Closing balance — 30,564 ​ For the three month period ended November 30, 2024, the Company recorded a gain of $30,564 related to the valuation of these instruments in net finance income [2023 – $5,411,168] [ note 18 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. 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 15 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 15 During the three-month period ended November 30, 2024, 400 Series A Convertible Preferred Shares were converted into 9,877 Voting Common Shares at a value of $136,689 [ Note 15 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 three-month period ended November 30, 2024 and the fiscal year ended August 31, 2024: ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 694,232 — Fair value at issuance — 12,744,593 Deferred loss at issuance ​ — ​ (8,737,194) Revaluation at the end of the period (1,217,972) (10,336,357) Amortization of the deferred loss during the period — 7,325,187 Accelerated amortization of the deferred loss during the period ​ 804,676 ​ — Conversion to Voting Common Shares during the period [ Note 19 (136,689) (301,997) Closing balance 144,247 694,232 ​ For the three-month period ended November 30, 2024, the Company recorded a gain of $413,296 related to the valuation of these instruments in net finance income [2023 – nil] [ note 18 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. 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 three-month period ended November 30, 2024 and the fiscal year ended August 31, 2024: ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 1,455,594 — Fair value at issuance — 6,888,006 Deferred loss at issuance — (2,841,008) Revaluation at the end of the period (2,019,193) (4,642,780) Amortization of the deferred loss during the period — 1,674,778 Accelerated amortization of the deferred loss during the period 789,633 376,598 Closing balance 226,034 1,455,594 ​ For the three-month period ended November 30, 2024, the Company recorded a gain of $1,229,560 related to the valuation of these instruments in net finance income [2023 – nil] [ note 18 ​

Related party transactions

Related party transactions	3 Months Ended
	Nov. 30, 2024
Related party transactions
Related party transactions	14. Related party transactions Companies related through common ownership EB Rental Ltd. [prior to June 3, 2021] 7858078 Canada Inc. [prior to June 3, 2021] Montana Strategies Inc. [prior to April 25, 2024] Strategies EB Inc. [prior to April 25, 2024] 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. [prior to March 1, 2024] Mac Engineering, SASU – Since February 16, 2021 Ultimate founder shareholders and their individually controlled entities Alexandre Mongeon Patrick Bobby Robert Ghetti Immobilier R. Ghetti Inc. Société de Placement Robert Ghetti Inc. The following table summarizes the Company’s related party transactions for the period: ​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ ​ ​ R&D expenses & Inventory Deposits ​ ​ MAC Engineering, SASU ​ 2,759,362 ​ 791,906 ​ 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 November 30, 2024, the right-of-use asset for this lease was nil [August 31, 2024 – nil] and the lease liability was nil [August 31, 2024 – nil]. For the three-month period ended November 30, 2024, rent expense of $67,338 [2023 – nil] was recorded under the renegotiated lease. Remuneration of directors and key management of the Company ​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Wages ​ 356,486 ​ 502,015 Share-based payments – capital stock 87,166 ​ 66,588 Share-based payments – stock options 10,738 ​ 21,554 ​ 454,390 ​ 590,157 ​ The amounts due to and from related parties are as follows: ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ 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 ​ 17,408 ​ (84,616) ​ ​ ​ ​ ​ Amounts due to related parties included in trade and other payable ​ ​ ​ ​ Alexandre Mongeon ​ 15,077 ​ 86,152 Xavier Montagne ​ 8,131 ​ 11,615 Raffi Sossoyan ​ 8,050 ​ 11,500 California Electric Boat Company ​ — ​ 197,862 Mac Engineering, SASU 20,743 1,006,541 ​ ​ 52,001 ​ 1,313,670 ​ Advances from related parties are non - interest bearing and have no specified terms of repayment.

Capital stock

Capital stock	3 Months Ended
	Nov. 30, 2024
Capital stock
Capital stock	15. 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 ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2023 ​ 2023 ​ ​ $ ​ $ 1,566,486 Voting Common Shares [August 31, 2024 – 163,403] ​ 62,958,292 ​ 55,382,754 475 Pre-Funded Warrants [August 31, 2024 – 475] 38,725 38,725 ​ 62,997,017 55,421,479 ​ During the three-month period ended November 30, 2024, the Company issued a total of 124,642 Voting Common Shares to third parties in exchange for marketing, management consulting services, and board fees provided to the Company valued at $591,571. 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 three-month period ended November 30, 2024, the Company issued a total of 9,877 Voting Common Shares upon the conversion of 400 Series A Convertible Preferred Shares [note 13] During the three-month period ended November 30, 2024, the Company issued 377,778 Voting Common Shares as part of a private placement offering for a total cash consideration price of $3,567,439, net of transaction costs of $1,051,801. During the three-month period ended November 30, 2024, the Company issued 695,583 Voting Common Shares as part of a “at the market” placement offering for a total cash consideration price of $3,279,840, net of transaction costs of $300,035. As at November 30, 2024, $60,659 of the net proceeds from this capital raise was receivable from the placement agent [August 31, 2024 – nil]. On October 8, 2024, the Company implemented a reverse stock split, consolidating every 9 Voting Common shares into 1 Voting Common Share. As a result of the round up feature for fractional shares, the Company issued an additional 195,203 Voting Common Shares.

Share-based payments

Share-based payments	3 Months Ended
	Nov. 30, 2024
Share-based payments
Share-based payments	16. 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 three months ended November 30, 2024 amounts to $18,337 [2023 – $74,333]. 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 ​ Expected Risk-free ​ ​ ​ price ​ Market price ​ volatility ​ interest rate ​ Expected life Grant date ​ $ ​ $ ​ % % [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 November 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ average ​ ​ options ​ exercise price ​ # $ 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 Granted — ​ — Balance at November 30, 2024 7,858 ​ 657.77 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Exercise price ​ options ​ Weighted average ​ Weighted average ​ Exercisable range ​ outstanding ​ grant date fair value ​ remaining contractual life ​ options $ ​ # ​ $ [years] ​ # 138.47 – 499.50 ​ 3,679 ​ 309.59 ​ 0.87 ​ 3,648 612.43 – 787.05 ​ 3,881 ​ 336.47 ​ 3.26 ​ 3,651 822.15 – 1,194.75 ​ 38 ​ 646.65 ​ 3.00 ​ 22 2,199.15 ​ 260 ​ 1,259.55 ​ 6.00 ​ 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). On September 16, 2024, the Company granted the underwriter the option to purchase 18,896 Voting Common Shares of the Company for a period of five years from the grant date at an exercise price of U.S. $11.25 ($15.29). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of warrants Weighted average remaining ​ ​ Exercise price ​ outstanding ​ contractual life Grant date ​ $ ​ # ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,125 ​ 0.98 August 5, 2022 ​ 1,457.03 ​ 371 ​ 0.68 December 21, 2023 ​ 191.23 ​ 1,023 ​ 4.06 September 16, 2024 ​ 15.29 ​ 18,896 ​ 4.80 ​ The Company recognizes share-based payments expense for warrant grants based on the fair value at the date of grant using the Black-Scholes valuation model. The share-based payments expense recognized for the three-month period ended November 30, 2024 amounts to $119,985 [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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ ​ ​ Expected ​ Risk-free ​ ​ ​ ​ price ​ Market price ​ volatility ​ interest rate ​ Expected life Grant date $ $ % % [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 September 16, 2024 ​ 15.29 ​ 9.74 ​ 92 ​ 3.4 ​ 5 ​

Revenues

Revenues	3 Months Ended
	Nov. 30, 2024
Revenues
Revenues	17. Revenues ​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Sales of boats ​ 89,031 ​ 88,093 Sales of parts and boat maintenance ​ 31,361 ​ 30,497 Boat rental and boat club membership revenue ​ 22,019 ​ 867,802 ​ ​ 142,411 ​ 986,392 ​ Revenues from external customers for the three-month period November 30, 2024 were primarily from the U.S.

Net finance income

Net finance income	3 Months Ended
	Nov. 30, 2024
Net finance income
Net finance income	18. Net finance income ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ $ $ Interest and bank charges ​ 31,557 ​ 64,563 Interest income ​ (78) ​ (27,046) Foreign currency exchange ​ 43,247 ​ — Transaction costs ​ 194,747 ​ 149,472 Gain on derivative liabilities [note 13] ​ (1,673,420) ​ (5,411,168) ​ ​ (1,403,947) ​ (5,224,179) ​

Fair value measurement and hier

Fair value measurement and hierarchy	3 Months Ended
	Nov. 30, 2024
Fair value measurement and hierarchy
Fair value measurement and hierarchy	19. 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”): ● ● ● 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. 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 November 30, 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 85% and 90% volatility applied to the Series A and Series B Convertible Preferred Shares as at November 30, 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. ​

Segment information

Segment information	3 Months Ended
	Nov. 30, 2024
Segment information
Segment information	20. 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: ● ● Sales between segments are accounted for at prices that approximate fair value. No business segments have been aggregated to form the above reportable business segments. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended November 30, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 120,392 ​ 22,019 ​ — ​ 142,411 Revenue from other segments ​ 10,000 ​ — ​ (10,000) ​ — Segment revenues ​ 130,392 ​ 22,019 ​ (10,000) ​ 142,411 Segment gross profit (loss) ​ (37,311) ​ (9,929) ​ (3,200) ​ (50,440) ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (1,610,743) 1 48,539 ​ (10,026) ​ (1,572,230) Research and development ​ 252,993 ​ 1,017 ​ — ​ 254,010 Office salaries and benefits ​ 601,786 ​ (111,841) ​ — ​ 489,945 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended November 30, 2023 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 118,590 ​ 867,802 ​ — ​ 986,392 Revenue from other segments ​ 18,894 ​ 6,908 ​ (25,802) ​ — Segment revenues ​ 137,484 ​ 874,710 ​ (25,802) ​ 986,392 Segment gross profit (loss) ​ (28,743) ​ 184,254 ​ 280,017 ​ 435,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ 1,126,640 2 (165,505) ​ 7,135 ​ 968,270 Research and development ​ 984,506 ​ — ​ — ​ 984,506 Office salaries and benefits ​ 680,994 ​ 179,460 ​ — ​ 860,454 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at November 30, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets ​ 21,595,409 ​ 1,753,763 ​ (10,092,051) ​ 13,257,121 Cash ​ 833,179 ​ 130,401 ​ — ​ 963,580 Additions to property and equipment and intangibles ​ 1,806 ​ 10,000 ​ (3,200) ​ 8,606 Segment liabilities ​ 4,061,238 ​ 1,005,747 ​ (941,374) ​ 4,125,611 1. [see note 18] 2. [see note 18] ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ 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 ​ 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	3 Months Ended
	Nov. 30, 2024
Additional cash flows information.
Additional cash flows information	21. Additional cash flows information Financing and investing activities not involving cash: ​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Additions to right-of-use assets ​ — ​ 38,283 Share subscription receivable ​ 60,659 ​ — Conversion of Series A Convertible Preferred Shares ​ 136,689 ​ ​ ​

Commitments

Commitments	3 Months Ended
	Nov. 30, 2024
Commitments
Commitments	22. Commitments In addition to the obligations under leases [note 11] ​ ​ ​ ​ ​ $ 2025 ​ 3,143,058 2026 ​ 1,272,764 ​ In October 2021, EB Rental FL Corp. has entered into lease arrangement for premises, which have not commenced yet and therefore related right-of-use asset and lease liability are not recorded as at November 30, 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 November 30, 2024: ​ ​ ​ ​ ​ $ 2025 ​ 56,040 2026 ​ 169,241 2027 ​ 172,626 2028 and thereafter ​ 476,990 ​

Subsequent events

Subsequent events	3 Months Ended
	Nov. 30, 2024
Subsequent events
Subsequent events	23. Subsequent events During the month of December 2024, the Company issued a total of 124,829 Voting Common Shares to third parties in exchange of sub-contracting services provided to the Company related to marketing, investor relations and board fees. Between December 1, 2024 and January 9, 2025, the Company issued 1,917,537 Voting Common Shares through the “at-the-market” facility with ThinkEquity LLC described in note 15 above for total gross proceeds of $5,814,978, less transaction costs of $174,611. On December 21, 2024, the Company forced the conversion of 1,950 Series A Convertible Preferred Shares in exchange for 48,177 Voting Common Shares. Following this conversion, there were no Series A Convertible Preferred Shares issued and outstanding.

Basis of preparation and goin_2

Basis of preparation and going concern uncertainty (Tables)	3 Months Ended
	Nov. 30, 2024
Basis of preparation and going concern uncertainty
Schedule of significant subsidiaries	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Country of ​ Proportion of ​ ​ ​ ​ incorporation ​ ownership held Name of subsidiary Principal activity and operation by the Company 7858078 Canada Inc. ​ Owns an electric boat rental center ​ Canada ​ 100 % EB Rental, Ltd. ​ Operates an electric boat rental center ​ United States ​ 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 %
Schedule of exchange rates for the currencies used in the preparation of the consolidated financial statements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Average exchange rate for the ​ ​ Exchange rate as at: ​ three-month period ended ​ November 30, August 31, November 30, November 30, ​ ​ 2024 ​ 2024 ​ 2024 ​ 2023 ​ ​ ​ ​ ​ ​ ​ ​ ​ US dollar ​ 1.4010 1.3491 1.3762 1.3655
Schedule of reconciliation of the effect of the adoption of the amendments to IAS 1	The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at November 30, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Balance prior ​ Balance after ​ ​ to adoption ​ Changes ​ adoption ​ ​ $ ​ $ ​ $ Current portion of derivative liabilities — 366,586 366,586 ​ ​ ​ ​ ​ ​ ​ Long-term portion of derivative liabilities 370,281 (366,586) 3,695 ​ The following table provides a reconciliation of the effect of the adoption of the amendments to IAS 1 on the current and non-current portion of the derivative liabilities as at August 31, 2024: ​ ​ ​ ​ ​ ​ ​ ​ Balance prior ​ Balance after ​ ​ to adoption ​ Changes ​ adoption ​ ​ $ ​ $ ​ $ Current portion of derivative liabilities — 1,964,774 1,964,774 ​ ​ ​ ​ ​ ​ ​ Long-term portion of derivative liabilities 2,180,389 (1,964,774) 215,615

Trade and other receivables (Ta

Trade and other receivables (Tables)	3 Months Ended
	Nov. 30, 2024
Trade and other receivables
Schedule of trade and other receivables	​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Trade receivables ​ 51,681 ​ 26,222 Sales taxes receivable ​ 78,595 ​ 104,270 Other receivables ​ 8,163 ​ 8,164 ​ ​ 138,439 ​ 138,656
Schedule of aging analysis of receivables	​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ 0 – 30 ​ 22,572 — 31 – 60 ​ — 21,603 61 – 90 ​ 3,532 — 91 and over ​ 25,577 4,619 ​ ​ 51,681 26,222

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Nov. 30, 2024
Inventories
Schedule of inventories	​ ​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Raw materials ​ 5,511,160 ​ 5,456,935 Work-in-process ​ 481,390 ​ 383,968 Finished goods ​ 316,452 ​ 368,384 ​ ​ 6,309,002 ​ 6,209,287

Right-of-use assets (Tables)

Right-of-use assets (Tables)	3 Months Ended
	Nov. 30, 2024
Right-of-use assets
Schedule of right-of-use assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Premises ​ Moulds ​ Rolling stock ​ Total ​ $ $ $ $ Cost ​ ​ ​ ​ ​ 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 Additions ​ — — 19,597 19,597 Currency translation ​ 1,954 ​ — ​ 1,624 ​ 3,578 Balance at November 30, 2024 ​ 115,202 ​ 67,432 ​ 189,634 ​ 372,268 ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ 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 Depreciation ​ 7,726 ​ 8,429 ​ 17,370 ​ 33,525 Balance at November 30, 2024 ​ 27,937 16,858 77,016 121,811 Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ 93,037 59,003 108,767 260,807 As at November 30, 2024 ​ 87,265 50,574 112,618 250,457

Property and equipment (Tables)

Property and equipment (Tables)	3 Months Ended
	Nov. 30, 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, 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 Additions — — — ​ — ​ — ​ 6,800 ​ 6,800 Balance at November 30, 2024 426,338 46,149 25,243 ​ 1,116,447 ​ 372,055 ​ 296,023 ​ 2,282,255 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Depreciation 7,788 830 485 ​ 11,438 ​ 25,298 ​ 15,794 ​ 61,633 Balance at November 30, 2024 275,609 35,759 22,147 ​ 162,383 ​ 240,800 ​ 21,968 ​ 758,666 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 158,517 11,220 3,581 ​ 965,502 ​ 156,553 ​ 283,049 ​ 1,578,422 As at November 30, 2024 150,729 10,390 3,096 ​ 954,064 ​ 131,255 ​ 274,055 ​ 1,523,589 ​

Intangible assets and goodwill

Intangible assets and goodwill (Tables)	3 Months Ended
	Nov. 30, 2024
Intangible assets and goodwill
Summary of intangible assets and goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Intellectual ​ ​ Trade ​ ​ ​ ​ ​ Property ​ Software ​ Patents ​ name ​ Backlog ​ Website ​ Total ​ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ ​ $ Cost ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Additions ​ — ​ — ​ 1,806 ​ — ​ — ​ — ​ 1,806 Currency translation ​ — ​ — ​ — ​ 1,645 ​ 1,033 ​ 329 ​ 3,007 Balance at November 30, 2024 ​ 1,035,070 ​ 101,775 ​ 65,122 ​ 105,134 ​ 84,435 ​ 20,226 ​ 1,411,862 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Depreciation ​ 25,522 ​ 3,186 ​ 1,597 ​ 5,314 ​ 4,321 ​ 1,024 ​ 40,964 Balance at November 30, 2024 ​ 391,626 ​ 53,726 ​ 2,874 ​ 61,207 ​ 58,144 ​ 11,893 ​ 579,470 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ 668,966 ​ 51,235 ​ 62,039 ​ 47,596 ​ 29,679 ​ 9,028 ​ 868,543 As at November 30, 2024 ​ 643,444 ​ 48,049 ​ 62,248 ​ 43,927 ​ 26,391 ​ 8,333 ​ 832,392 ​

Trade and other payables (Table

Trade and other payables (Tables)	3 Months Ended
	Nov. 30, 2024
Trade and other payables.
Schedule of trade and other payables	​ ​ ​ ​ ​ ​ ​ As at ​ As at ​ ​ November 30, ​ August 31, ​ ​ 2024 2024 ​ ​ $ ​ $ Trade payable 1,644,607 3,883,020 Salaries and vacation payable 415,268 614,488 ​ 2,059,875 4,497,508 ​

Contract liabilities (Tables)

Contract liabilities (Tables)	3 Months Ended
	Nov. 30, 2024
Contract liabilities
Schedule of contract liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Opening balance 827,642 1,815,731 Payments received in advance 76,393 924,913 Transferred to revenues (7,458) (997,224) Deconsolidation on sale of subsidiary — (928,833) Currency translation 174 13,055 Closing balance 896,751 827,642 ​

Lease liabilities (Tables)

Lease liabilities (Tables)	3 Months Ended
	Nov. 30, 2024
Lease liabilities
Summary of lease liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Opening balance 259,792 2,641,794 Additions 19,597 237,469 Repayment (34,809) (650,461) Interest on lease liability 3,055 116,170 Lease termination — (1,160,649) Deconsolidation on sale of subsidiary ​ — ​ (937,427) Currency translation 3,421 12,896 Closing balance 251,056 259,792 ​ ​ ​ ​ ​ Current 131,434 122,077 Non-current 119,622 137,715 ​ 251,056 259,792
Future undiscounted lease payments	​ ​ ​ ​ ​ $ Less than one year 134,115 One to five years 128,683 ​ 262,798

Long-term debt (Tables)

Long-term debt (Tables)	3 Months Ended
	Nov. 30, 2024
Long-term debt.
Summary of long term debt	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ $ $ Term loans, bearing interest at rates varying 9.44% and 13.87% per annum payable in monthly installments of $13,609 ending December 2026. 444,159 458,640 ​ 444,159 458,640 Current portion of long-term debt 106,355 101,397 ​ 337,804 357,243

Derivative liabilities (Tables)

Derivative liabilities (Tables)	3 Months Ended
	Nov. 30, 2024
Derivative liabilities
Schedule of assumptions used to determine the fair value of the warrant	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Original ​ ​ Risk-free ​ ​ ​ Exercise ​ Market ​ Expected ​ interest ​ Expected ​ ​ price ​ price ​ volatility ​ rate ​ life Issuance date $ $ % % [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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Weighted average ​ ​ Revised ​ warrants ​ remaining ​ ​ Exercise price ​ outstanding ​ contractual life Issuance date $ # [years] January 19, 2023 ​ 191.23 ​ 4,108 ​ 1.14 February 17, 2023 ​ 191.23 ​ 3,520 ​ 1.22 April 19, 2023 ​ 191.23 ​ 2,826 ​ 1.38 June 16, 2023 ​ 191.23 ​ 3,659 ​ 1.54 August 2, 2023 ​ 191.23 ​ 3,662 ​ 1.67 September 20, 2023 ​ 191.23 ​ 2,763 ​ 1.80
Schedule of movements in derivative financial liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 30,564 5,558,822 Additions — 765,733 Effect on fair value of repricing of warrants — 896,458 Change in estimate of fair value (30,564) (7,190,449) Closing balance — 30,564
Series A Convertible Preferred Shares
Derivative liabilities
Schedule of movements in derivative financial liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 694,232 — Fair value at issuance — 12,744,593 Deferred loss at issuance ​ — ​ (8,737,194) Revaluation at the end of the period (1,217,972) (10,336,357) Amortization of the deferred loss during the period — 7,325,187 Accelerated amortization of the deferred loss during the period ​ 804,676 ​ — Conversion to Voting Common Shares during the period [ Note 19 (136,689) (301,997) Closing balance 144,247 694,232
Series B Convertible Preferred Shares
Derivative liabilities
Schedule of movements in derivative financial liabilities	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ Opening balance 1,455,594 — Fair value at issuance — 6,888,006 Deferred loss at issuance — (2,841,008) Revaluation at the end of the period (2,019,193) (4,642,780) Amortization of the deferred loss during the period — 1,674,778 Accelerated amortization of the deferred loss during the period 789,633 376,598 Closing balance 226,034 1,455,594

Related party transactions (Tab

Related party transactions (Tables)	3 Months Ended
	Nov. 30, 2024
Related party transactions
Summarizes the related party transactions and the amounts due to and from related parties	​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ ​ ​ ​ R&D expenses & Inventory Deposits ​ ​ MAC Engineering, SASU ​ 2,759,362 ​ 791,906 ​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Wages ​ 356,486 ​ 502,015 Share-based payments – capital stock 87,166 ​ 66,588 Share-based payments – stock options 10,738 ​ 21,554 ​ 454,390 ​ 590,157 ​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2024 ​ 2024 ​ ​ $ ​ $ 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 ​ 17,408 ​ (84,616) ​ ​ ​ ​ ​ Amounts due to related parties included in trade and other payable ​ ​ ​ ​ Alexandre Mongeon ​ 15,077 ​ 86,152 Xavier Montagne ​ 8,131 ​ 11,615 Raffi Sossoyan ​ 8,050 ​ 11,500 California Electric Boat Company ​ — ​ 197,862 Mac Engineering, SASU 20,743 1,006,541 ​ ​ 52,001 ​ 1,313,670

Capital stock (Tables)

Capital stock (Tables)	3 Months Ended
	Nov. 30, 2024
Capital stock
Summary of issued capital	​ ​ ​ ​ ​ ​ ​ As at As at ​ ​ November 30, ​ August 31, ​ ​ 2023 ​ 2023 ​ ​ $ ​ $ 1,566,486 Voting Common Shares [August 31, 2024 – 163,403] ​ 62,958,292 ​ 55,382,754 475 Pre-Funded Warrants [August 31, 2024 – 475] 38,725 38,725 ​ 62,997,017 55,421,479

Share-based payments (Tables)

Share-based payments (Tables)	3 Months Ended
	Nov. 30, 2024
Share-based payments
Summary of share based payments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ Expected Risk-free ​ ​ ​ price ​ Market price ​ volatility ​ interest rate ​ Expected life Grant date ​ $ ​ $ ​ % % [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, 2023 8,171 ​ 704.76 Granted 742 ​ 375.98 Forfeited (1,055) ​ 823.16 Balance at August 31, 2024 7,858 ​ 657.77 Granted — ​ — Balance at November 30, 2024 7,858 ​ 657.77
Summary of range of number of options outstanding and weighted average remaining contractual life	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of ​ ​ ​ ​ Exercise price ​ options ​ Weighted average ​ Weighted average ​ Exercisable range ​ outstanding ​ grant date fair value ​ remaining contractual life ​ options $ ​ # ​ $ [years] ​ # 138.47 – 499.50 ​ 3,679 ​ 309.59 ​ 0.87 ​ 3,648 612.43 – 787.05 ​ 3,881 ​ 336.47 ​ 3.26 ​ 3,651 822.15 – 1,194.75 ​ 38 ​ 646.65 ​ 3.00 ​ 22 2,199.15 ​ 260 ​ 1,259.55 ​ 6.00 ​ 260
Schedule of warrants	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of warrants Weighted average remaining ​ ​ Exercise price ​ outstanding ​ contractual life Grant date ​ $ ​ # ​ [years] November 23, 2020 ​ 2,276.61 ​ 1,125 ​ 0.98 August 5, 2022 ​ 1,457.03 ​ 371 ​ 0.68 December 21, 2023 ​ 191.23 ​ 1,023 ​ 4.06 September 16, 2024 ​ 15.29 ​ 18,896 ​ 4.80 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercise ​ ​ ​ Expected ​ Risk-free ​ ​ ​ ​ price ​ Market price ​ volatility ​ interest rate ​ Expected life Grant date $ $ % % [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 September 16, 2024 ​ 15.29 ​ 9.74 ​ 92 ​ 3.4 ​ 5 ​

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Nov. 30, 2024
Revenues
Summary of revenues by product type and geographical distribution of revenues from external customers	​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Sales of boats ​ 89,031 ​ 88,093 Sales of parts and boat maintenance ​ 31,361 ​ 30,497 Boat rental and boat club membership revenue ​ 22,019 ​ 867,802 ​ ​ 142,411 ​ 986,392

Net finance income (Tables)

Net finance income (Tables)	3 Months Ended
	Nov. 30, 2024
Net finance income
Summary of net finance income	​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ $ $ Interest and bank charges ​ 31,557 ​ 64,563 Interest income ​ (78) ​ (27,046) Foreign currency exchange ​ 43,247 ​ — Transaction costs ​ 194,747 ​ 149,472 Gain on derivative liabilities [note 13] ​ (1,673,420) ​ (5,411,168) ​ ​ (1,403,947) ​ (5,224,179) ​

Segment information (Tables)

Segment information (Tables)	3 Months Ended
	Nov. 30, 2024
Segment information
Summary of reportable business segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended November 30, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 120,392 ​ 22,019 ​ — ​ 142,411 Revenue from other segments ​ 10,000 ​ — ​ (10,000) ​ — Segment revenues ​ 130,392 ​ 22,019 ​ (10,000) ​ 142,411 Segment gross profit (loss) ​ (37,311) ​ (9,929) ​ (3,200) ​ (50,440) ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ (1,610,743) 1 48,539 ​ (10,026) ​ (1,572,230) Research and development ​ 252,993 ​ 1,017 ​ — ​ 254,010 Office salaries and benefits ​ 601,786 ​ (111,841) ​ — ​ 489,945 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended November 30, 2023 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Revenue from external customers ​ 118,590 ​ 867,802 ​ — ​ 986,392 Revenue from other segments ​ 18,894 ​ 6,908 ​ (25,802) ​ — Segment revenues ​ 137,484 ​ 874,710 ​ (25,802) ​ 986,392 Segment gross profit (loss) ​ (28,743) ​ 184,254 ​ 280,017 ​ 435,528 ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit (loss) before tax ​ 1,126,640 2 (165,505) ​ 7,135 ​ 968,270 Research and development ​ 984,506 ​ — ​ — ​ 984,506 Office salaries and benefits ​ 680,994 ​ 179,460 ​ — ​ 860,454 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at November 30, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ boats ​ electric boats ​ eliminations ​ Total ​ $ $ $ $ Segment assets ​ 21,595,409 ​ 1,753,763 ​ (10,092,051) ​ 13,257,121 Cash ​ 833,179 ​ 130,401 ​ — ​ 963,580 Additions to property and equipment and intangibles ​ 1,806 ​ 10,000 ​ (3,200) ​ 8,606 Segment liabilities ​ 4,061,238 ​ 1,005,747 ​ (941,374) ​ 4,125,611 1. [see note 18] 2. [see note 18] ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As at August 31, 2024 ​ ​ Sale of ​ ​ ​ Inter- ​ ​ ​ ​ electric ​ Rental of ​ segment ​ ​ ​ ​ 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

Additional cash flows informa_2

Additional cash flows information (Tables)	3 Months Ended
	Nov. 30, 2024
Additional cash flows information.
Summary of financing and investing activities not involving cash	​ ​ ​ ​ ​ ​ ​ Three months Three months ​ ​ ended November 30, ​ ended November 30, ​ ​ 2024 ​ 2023 ​ ​ $ ​ $ Additions to right-of-use assets ​ — ​ 38,283 Share subscription receivable ​ 60,659 ​ — Conversion of Series A Convertible Preferred Shares ​ 136,689 ​ ​ ​

Commitments (Tables)

Commitments (Tables)	3 Months Ended
	Nov. 30, 2024
Commitments
Summary of amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	​ ​ ​ ​ ​ $ 2025 ​ 3,143,058 2026 ​ 1,272,764
Summary of undiscounted lease commitments	The Company’s undiscounted lease commitments related to this lease are as follows as at November 30, 2024: ​ ​ ​ ​ ​ $ 2025 ​ 56,040 2026 ​ 169,241 2027 ​ 172,626 2028 and thereafter ​ 476,990 ​

Basis of preparation and goin_3

Basis of preparation and going concern uncertainty (Details)					3 Months Ended
	Oct. 08, 2024	Oct. 08, 2024 item	Aug. 22, 2024	Apr. 25, 2024	Nov. 30, 2024 CAD ($)	Aug. 31, 2024 CAD ($)
Disclosure of subsidiaries [line items]
Cash					$ 963,580	$ 63,126
Working capital					6,891,076
Deficit					(67,203,876)	$ (65,609,357)
Issuance of shares and warrants, net of transaction costs paid					$ 6,786,619
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%

Basis of preparation and goin_4

Basis of preparation and going concern uncertainty - Foreign currency translation (Details)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Exchange rates for the currencies
Exchange rate as at end of year	1.401		1.3491
Average exchange rate for year ended	1.3762	1.3655

Basis of preparation and goin_5

Basis of preparation and going concern uncertainty - New accounting standards and interpretations (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
New accounting standards and interpretations
Current portion of derivative liabilities	$ 366,586	$ 1,964,774
Long-term portion of derivative liabilities	3,695	215,615
Balance prior to adoption
New accounting standards and interpretations
Long-term portion of derivative liabilities	370,281	2,180,389
Changes
New accounting standards and interpretations
Current portion of derivative liabilities	366,586	1,964,774
Long-term portion of derivative liabilities	$ (366,586)	$ (1,964,774)

Trade and other receivables (De

Trade and other receivables (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 51,681	$ 26,222
Sales taxes receivable	78,595	104,270
Other receivables	8,163	8,164
Total trade and other current receivables	138,439	138,656
Past Due But Not Impaired
Ifrs Trade And Other Receivables [Line items]
Trade receivables	$ 29,109	$ 26,222

Trade and other receivables - A

Trade and other receivables - Aging analysis (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 51,681	$ 26,222
0 - 30
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	22,572
31-60
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables		21,603
61-90
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	3,532
91 and over
Ifrs Financing Receivable, Past Due [Line Items]
Trade receivables	$ 25,577	$ 4,619

Trade and other receivables -_2

Trade and other receivables - Allowance for expected credit losses (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Trade and other receivables
Change during the period	$ 0	$ 0

Inventories (Details)

Inventories (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
Inventories
Raw materials	$ 5,511,160	$ 5,456,935
Work-in-process	481,390	383,968
Finished goods	316,452	368,384
Total current inventories	$ 6,309,002	$ 6,209,287

Inventories - Additional Inform

Inventories - Additional Information (Details) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Inventories
Inventories recognized as an expense	$ 192,851	$ 550,864
Cost of sales including depreciation	11,948	$ 72,630
Deposits to suppliers for future inventory purchases	$ 2,618,931		$ 1,780,430

Right-of-use assets (Details)

Right-of-use assets (Details) - CAD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Right-of-use assets
Balance at beginning of the year	$ 260,807
Additions		$ 38,283
Balance at end of the year	250,457		$ 260,807
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	93,037
Balance at end of the year	87,265		93,037
Moulds
Right-of-use assets
Balance at beginning of the year	59,003
Balance at end of the year	50,574		59,003
Rolling stock
Right-of-use assets
Balance at beginning of the year	108,767
Balance at end of the year	112,618		108,767
Cost
Right-of-use assets
Balance at beginning of the year	349,093	3,883,711	3,883,711
Additions	19,597		237,469
Disposals			(2,186,552)
Deconsolidation on sale of subsidiary			(1,596,081)
Currency translation	(3,578)		10,546
Balance at end of the year	372,268		349,093
Cost | Premises
Right-of-use assets
Balance at beginning of the year	113,248	3,839,792	3,839,792
Disposals			(2,186,552)
Deconsolidation on sale of subsidiary			(1,549,425)
Currency translation	(1,954)		9,433
Balance at end of the year	115,202		113,248
Cost | Moulds
Right-of-use assets
Balance at beginning of the year	67,432
Additions			67,432
Balance at end of the year	67,432		67,432
Cost | Rolling stock
Right-of-use assets
Balance at beginning of the year	168,413	43,919	43,919
Additions	19,597		170,037
Deconsolidation on sale of subsidiary			(46,656)
Currency translation	(1,624)		1,113
Balance at end of the year	189,634		168,413
Accumulated depreciation
Right-of-use assets
Balance at beginning of the year	(88,286)	(1,469,118)	(1,469,118)
Depreciation	(33,525)		604,586
Disposals			(1,193,933)
Deconsolidation on sale of subsidiary			(791,485)
Balance at end of the year	(121,811)		(88,286)
Accumulated depreciation | Premises
Right-of-use assets
Balance at beginning of the year	(20,211)	(1,438,344)	(1,438,344)
Depreciation	(7,726)		524,772
Disposals			(1,193,933)
Deconsolidation on sale of subsidiary			(748,972)
Balance at end of the year	(27,937)		(20,211)
Accumulated depreciation | Moulds
Right-of-use assets
Balance at beginning of the year	(8,429)
Depreciation	(8,429)		8,429
Balance at end of the year	(16,858)		(8,429)
Accumulated depreciation | Rolling stock
Right-of-use assets
Balance at beginning of the year	(59,646)	$ (30,774)	(30,774)
Depreciation	(17,370)		71,385
Deconsolidation on sale of subsidiary			(42,513)
Balance at end of the year	$ (77,016)		$ (59,646)

Property and equipment (Details

Property and equipment (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Property and equipment
Beginning balance	$ 1,578,422
Ending balance	1,523,589	$ 1,578,422
Cost
Property and equipment
Beginning balance	2,275,455	2,895,842
Additions	6,800	599,578
Disposals		(429,726)
Transferred to Inventory		(154,912)
Deconsolidation on sale of subsidiary		(635,327)
Ending balance	2,282,255	2,275,455
Accumulated depreciation
Property and equipment
Beginning balance	(697,033)	(581,916)
Depreciation	61,633	257,992
Disposals		42,029
Transferred to Inventory		(21,394)
Deconsolidation on sale of subsidiary		79,452
Ending balance	(758,666)	(697,033)
Machinery and equipment
Property and equipment
Beginning balance	158,517
Ending balance	150,729	158,517
Machinery and equipment | Cost
Property and equipment
Beginning balance	426,338	395,493
Additions		30,845
Ending balance	426,338	426,338
Machinery and equipment | Accumulated depreciation
Property and equipment
Beginning balance	(267,821)	(229,299)
Depreciation	7,788	38,522
Ending balance	(275,609)	(267,821)
Rolling stock
Property and equipment
Beginning balance	11,220
Ending balance	10,390	11,220
Rolling stock | Cost
Property and equipment
Beginning balance	46,149	49,274
Additions		3,088
Disposals		(6,213)
Ending balance	46,149	46,149
Rolling stock | Accumulated depreciation
Property and equipment
Beginning balance	(34,929)	(34,010)
Depreciation	830	4,574
Disposals		3,655
Ending balance	(35,759)	(34,929)
Computer equipment
Property and equipment
Beginning balance	3,581
Ending balance	3,096	3,581
Computer equipment | Cost
Property and equipment
Beginning balance	25,243	25,243
Ending balance	25,243	25,243
Computer equipment | Accumulated depreciation
Property and equipment
Beginning balance	(21,662)	(17,288)
Depreciation	485	4,374
Ending balance	(22,147)	(21,662)
Moulds
Property and equipment
Beginning balance	965,502
Ending balance	954,064	965,502
Moulds | Cost
Property and equipment
Beginning balance	1,116,447	942,425
Additions		236,654
Disposals		(62,632)
Ending balance	1,116,447	1,116,447
Moulds | Accumulated depreciation
Property and equipment
Beginning balance	(150,945)	(110,724)
Depreciation	11,438	40,949
Disposals		728
Ending balance	(162,383)	(150,945)
Leasehold improvements
Property and equipment
Beginning balance	156,553
Ending balance	131,255	156,553
Leasehold improvements | Cost
Property and equipment
Beginning balance	372,055	362,055
Additions		10,000
Ending balance	372,055	372,055
Leasehold improvements | Accumulated depreciation
Property and equipment
Beginning balance	(215,502)	(113,837)
Depreciation	25,298	101,665
Ending balance	(240,800)	(215,502)
Boat rental fleet
Property and equipment
Beginning balance	283,049
Ending balance	274,055	283,049
Boat rental fleet | Cost
Property and equipment
Beginning balance	289,223	1,121,352
Additions	6,800	318,991
Disposals		(360,881)
Transferred to Inventory		(154,912)
Deconsolidation on sale of subsidiary		(635,327)
Ending balance	296,023	289,223
Boat rental fleet | Accumulated depreciation
Property and equipment
Beginning balance	(6,174)	(76,758)
Depreciation	15,794	67,908
Disposals		37,646
Transferred to Inventory		(21,394)
Deconsolidation on sale of subsidiary		79,452
Ending balance	$ (21,968)	$ (6,174)

Intangible assets and goodwil_2

Intangible assets and goodwill (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Intangible assets and goodwill
Balance at the beginning	$ 868,543
Balance at the end	832,392	$ 868,543
Intellectual property
Intangible assets and goodwill
Balance at the beginning	668,966
Balance at the end	643,444	668,966
Software
Intangible assets and goodwill
Balance at the beginning	51,235
Balance at the end	48,049	51,235
Patents
Intangible assets and goodwill
Balance at the beginning	62,039
Balance at the end	62,248	62,039
Trade name
Intangible assets and goodwill
Balance at the beginning	47,596
Balance at the end	43,927	47,596
Backlog
Intangible assets and goodwill
Balance at the beginning	29,679
Balance at the end	26,391	29,679
Website
Intangible assets and goodwill
Balance at the beginning	9,028
Balance at the end	8,333	9,028
Cost
Intangible assets and goodwill
Balance at the beginning	1,407,049	1,345,371
Additions	1,806	63,316
Currency translation	3,007	(1,638)
Balance at the end	1,411,862	1,407,049
Cost | Intellectual property
Intangible assets and goodwill
Balance at the beginning	1,035,070	1,035,070
Balance at the end	1,035,070	1,035,070
Cost | Software
Intangible assets and goodwill
Balance at the beginning	101,775	101,775
Balance at the end	101,775	101,775
Cost | Patents
Intangible assets and goodwill
Balance at the beginning	63,316	0
Additions	1,806	63,316
Balance at the end	65,122	63,316
Cost | Trade name
Intangible assets and goodwill
Balance at the beginning	103,489	104,351
Currency translation	1,645	(862)
Balance at the end	105,134	103,489
Cost | Backlog
Intangible assets and goodwill
Balance at the beginning	83,502	84,106
Currency translation	1,033	(604)
Balance at the end	84,435	83,502
Cost | Website
Intangible assets and goodwill
Balance at the beginning	19,897	20,069
Currency translation	329	(172)
Balance at the end	20,226	19,897
Accumulated depreciation
Intangible assets and goodwill
Balance at the beginning	(538,506)	(378,647)
Depreciation	40,964	159,859
Balance at the end	(579,470)	(538,506)
Accumulated depreciation | Intellectual property
Intangible assets and goodwill
Balance at the beginning	(366,104)	(262,597)
Depreciation	25,522	103,507
Balance at the end	(391,626)	(366,104)
Accumulated depreciation | Software
Intangible assets and goodwill
Balance at the beginning	(50,540)	(37,620)
Depreciation	3,186	12,920
Balance at the end	(53,726)	(50,540)
Accumulated depreciation | Patents
Intangible assets and goodwill
Balance at the beginning	(1,277)	0
Depreciation	1,597	1,277
Balance at the end	(2,874)	(1,277)
Accumulated depreciation | Trade name
Intangible assets and goodwill
Balance at the beginning	(55,893)	(34,865)
Depreciation	5,314	21,028
Balance at the end	(61,207)	(55,893)
Accumulated depreciation | Backlog
Intangible assets and goodwill
Balance at the beginning	(53,823)	(36,741)
Depreciation	4,321	17,082
Balance at the end	(58,144)	(53,823)
Accumulated depreciation | Website
Intangible assets and goodwill
Balance at the beginning	(10,869)	(6,824)
Depreciation	1,024	4,045
Balance at the end	$ (11,893)	$ (10,869)

Credit facility (Details)

Credit facility (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Credit facility
Authorized line of credit	$ 250,000
Amount drawn on line of credit	$ 0	$ 0
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 ($)	Nov. 30, 2024	Aug. 31, 2024
Trade and other payables.
Trade payables	$ 1,644,607	$ 3,883,020
Salaries and vacation payable	415,268	614,488
Trade and other payables	$ 2,059,875	$ 4,497,508

Contract liabilities (Details)

Contract liabilities (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Contract liabilities
Opening balance	$ 827,642	$ 1,815,731
Payments received in advance	76,393	924,913
Transferred to revenues	(7,458)	(997,224)
Deconsolidation on sale of subsidiary		(928,833)
Currency translation	174	13,055
Closing balance	$ 896,751	$ 827,642

Lease liabilities (Details)

Lease liabilities (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Lease liabilities
Opening balance	$ 259,792	$ 2,641,794
Additions	19,597	237,469
Repayment	(34,809)	(650,461)
Interest on lease liability	3,055	116,170
Lease termination		(1,160,649)
Deconsolidation on sale of subsidiary		(937,427)
Currency translation	3,421	12,896
Closing balance	251,056	259,792
Current	131,434	122,077
Non-current	$ 119,622	$ 137,715

Lease liabilities - Undiscounte

Lease liabilities - Undiscounted lease payments (Details)	Nov. 30, 2024 CAD ($)
Lease liabilities
Undiscounted lease payments	$ 262,798
Less than one year
Lease liabilities
Undiscounted lease payments	134,115
One to five years
Lease liabilities
Undiscounted lease payments	$ 128,683

Long-term debt (Details)

Long-term debt (Details)			3 Months Ended
	Sep. 02, 2024 CAD ($)	Sep. 02, 2024 USD ($)	Nov. 30, 2024 CAD ($)	Sep. 17, 2024 CAD ($)	Aug. 31, 2024 CAD ($)
Long-term debt
Total borrowings			$ 444,159		$ 458,640
Current portion of long-term debt			106,355		101,397
Long-term debt, noncurrent			337,804		357,243
Borrowings interest rate	30%	30%
Increase in long-term debt	$ 270,500	$ 200,000	280,500
Period of time between issuance and maturity of debt	90 days	90 days
Processing fee	$ 74,762	$ 55,000
Accrued interest				$ 2,721
Term loan maturing January 2025
Long-term debt
Total borrowings			444,159		$ 458,640
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)											3 Months Ended		12 Months Ended
	Sep. 16, 2024 $ / shares 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	Nov. 30, 2024 CAD ($) shares	Nov. 30, 2023 CAD ($)	Aug. 31, 2024 CAD ($)	Sep. 16, 2024 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / 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	Nov. 23, 2020 $ / shares
Derivative liabilities
Number of warrants to purchase voting common shares issued | shares	18,896	1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	377,778
Warrants term	5 years	5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years
Exercise price of warrants | (per share)	$ 11.25	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,457.03	$ 1,687.5				$ 15.29	$ 191.23	$ 141.75	$ 191.23	$ 734.4	$ 724.95	$ 722.25	$ 761.4	$ 765.45	$ 760.05	$ 2,276.61
Loss resulted from repricing of warrant													$ 896,458
Agreed to reduce warrant issued | shares																20,358	20,358
Derivative financial liabilities											$ 0		$ 30,564
Shares issue related costs											$ 0	$ 149,472

Derivative liabilities - Fair v

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

3 Months Ended

Nov. 30, 2024 $ / shares shares

Sep. 16, 2024 $ / shares

Sep. 16, 2024 $ / shares

Dec. 21, 2023 $ / shares

Dec. 21, 2023 $ / shares

Dec. 13, 2023 $ / shares

Dec. 13, 2023 $ / shares

Sep. 20, 2023 $ / shares

Sep. 20, 2023 $ / shares

Aug. 02, 2023 $ / shares

Aug. 02, 2023 $ / shares

Jun. 16, 2023 $ / shares

Jun. 16, 2023 $ / shares

Apr. 19, 2023 $ / shares

Apr. 19, 2023 $ / shares

Feb. 17, 2023 $ / shares

Feb. 17, 2023 $ / shares

Jan. 19, 2023 $ / shares

Jan. 19, 2023 $ / shares

Aug. 05, 2022 $ / shares

Nov. 23, 2020 $ / shares

Nov. 23, 2020 $ / shares

Derivative liabilities

Exercise price of warrants | (per share)

$ 11.25

$ 15.29

$ 141.75

$ 191.23

$ 141.75

$ 191.23

$ 546.75

$ 734.4

$ 546.75

$ 724.95

$ 546.75

$ 722.25

$ 568.35

$ 761.4

$ 568.35

$ 765.45

$ 568.35

$ 760.05

$ 1,457.03

$ 1,687.5

$ 2,276.61

January 19, 2023

Derivative liabilities

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

Weighted average remaining contractual life (years)

1 year 1 month 20 days

February 17, 2023

Derivative liabilities

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

Weighted average remaining contractual life (years)

1 year 2 months 19 days

April 19, 2023

Derivative liabilities

Original Exercise price

$ 761.4

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

Weighted average remaining contractual life (years)

1 year 4 months 17 days

June 16, 2023

Derivative liabilities

Original Exercise price

$ 722.25

Market price of warrant options

$ 742.5

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

Weighted average remaining contractual life (years)

1 year 6 months 14 days

August 2, 2023

Derivative liabilities

Original Exercise price

$ 724.95

Market price of warrant options

$ 688.5

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

Weighted average remaining contractual life (years)

1 year 8 months 1 day

September 20, 2023

Derivative liabilities

Original Exercise price

$ 734.4

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

Weighted average remaining contractual life (years)

1 year 9 months 18 days

December 21, 2023

Derivative liabilities

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

Weighted average remaining contractual life (years)

4 years 21 days

Derivative liabilities - Moveme

Derivative liabilities - Movements related to the warrants (Details) - CAD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Derivative liabilities
Opening balance	$ 215,615
Closing balance	3,695		$ 215,615
Warrant issued
Derivative liabilities
Opening balance	30,564	$ 5,558,822	5,558,822
Additions			765,733
Effect on fair value of repricing of warrants			896,458
Change in estimate of fair value	(30,564)		(7,190,449)
Closing balance			$ 30,564
Gain (loss) from valuation of derivative financial instruments	$ 30,564	$ 5,411,168

Derivative liabilities - Series

Derivative liabilities - Series A & B Convertible Preferred Shares (Details)																	3 Months Ended		12 Months Ended
	Oct. 08, 2024 shares	Sep. 16, 2024 $ / shares	Aug. 16, 2024 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	Nov. 30, 2024 CAD ($) $ / shares shares	Nov. 30, 2023 CAD ($)	Aug. 31, 2024 CAD ($) shares	Sep. 16, 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	Nov. 23, 2020 $ / shares
Derivative Liabilities
Warrants exercise term		5 years				5 years	5 years		3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years
Exercise price of warrants | (per share)		$ 11.25					$ 141.75	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,457.03	$ 1,687.5				$ 15.29	$ 191.23	$ 191.23	$ 734.4	$ 724.95	$ 722.25	$ 761.4	$ 765.45	$ 760.05	$ 2,276.61
Transaction costs | $																	$ 1,351,836	$ 246,298
Number of shares converted | shares	1
Value of shares issued upon conversion of convertible preferred stock | $																	$ 136,689
Pre-funded warrants
Derivative Liabilities
Exercise price of warrants | $ / shares																	$ 0.001
Series A Convertible Preferred Shares
Derivative Liabilities
Number of shares converted | shares																	400
Shares issued upon conversion of convertible preferred stock | shares																	9,877
Gain (loss) from valuation of derivative financial instruments | $																	$ 413,296	0
Series B Convertible Preferred Shares
Derivative Liabilities
Accelerated amortization of the deferred loss during the period | $																	$ 789,633
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								$ 40.5
Number of warrants issued | shares			21,169			21,169	21,169	7
Warrants exercise term								5 years
Exercise price of warrants | $ / shares								$ 141.75
Number of additional shares issued | shares								1
Holding period of preferred shares								6 months
Number of shares issued during the period | shares						3,000	3,000
Total cash consideration						$ 4,036,025	$ 3,000,000
Transaction costs | $																			$ 615,306
Number of shares converted | shares																	400		650
Shares issued upon conversion of convertible preferred stock | shares																	9,877		11,642
Value of shares issued upon conversion of convertible preferred stock | $																	$ 136,689		$ 301,997
Securities issuance - warrants exchanged (in shares) | shares			41,858
Gain (loss) from valuation of derivative financial instruments | $																			1,715,543
Accelerated amortization of the deferred loss during the period | $																	804,676		0
Derivatives | Series A Convertible Preferred Shares | Pre-funded warrants
Derivative Liabilities
Securities issuance - warrants exchanged (in shares) | 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 | shares				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
Number of shares converted | shares				3,000	3,000
Gain (loss) from valuation of derivative financial instruments | $																	1,229,560	0
Accelerated amortization of the deferred loss during the period | $																	789,633	0	$ 376,598
Warrant issued
Derivative Liabilities
Gain (loss) from valuation of derivative financial instruments | $																	$ 30,564	$ 5,411,168

Derivative liabilities - Move_2

Derivative liabilities - Movements (Details) - CAD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024
Derivative Liabilities
Opening balance	$ 215,615
Closing balance	3,695		$ 215,615
Series B Convertible Preferred Shares
Derivative Liabilities
Accelerated amortization of the deferred loss during the period	789,633
Derivatives | Series A Convertible Preferred Shares
Derivative Liabilities
Opening balance	694,232
Fair value at issuance			12,744,593
Deferred loss at issuance			(8,737,194)
Revaluation at the end of the period	(1,217,972)		(10,336,357)
Amortization of the deferred loss during the period			7,325,187
Accelerated amortization of the deferred loss during the period	804,676		0
Conversion to Voting Common Shares during the period [Note 17]	(136,689)		(301,997)
Closing balance	144,247		694,232
Derivatives | Series B Convertible Preferred Shares
Derivative Liabilities
Opening balance	1,455,594
Fair value at issuance			6,888,006
Deferred loss at issuance			(2,841,008)
Revaluation at the end of the period	(2,019,193)		(4,642,780)
Amortization of the deferred loss during the period			1,674,778
Accelerated amortization of the deferred loss during the period	789,633	$ 0	376,598
Closing balance	$ 226,034		$ 1,455,594

Related party transactions (Det

Related party transactions (Details) - CAD ($)	3 Months Ended		12 Months Ended
	Nov. 30, 2024	Nov. 30, 2023	Aug. 31, 2024	Aug. 31, 2023
Related party transactions
Right-of-use assets	$ 250,457		$ 260,807
Lease liability	251,056		259,792	$ 2,641,794
MAC Engineering, SASU
Related party transactions
Research and Development	2,759,362	$ 791,906
California Electric Boat Company Inc.
Related party transactions
Right-of-use assets	0		0
Lease liability	0		0
Rent expense	$ 67,338		$ 0

Related party transactions - Re

Related party transactions - Remuneration of directors and key management of the Company (Details) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Related party transactions
Wages	$ 356,486	$ 502,015
Share-based payments - capital stock	87,166	66,588
Share-based payments - stock options	10,738	21,554
Remuneration of directors and key management of the company	$ 454,390	$ 590,157

Related party transactions - Am

Related party transactions - Amounts due to and from related parties (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024
Related party transactions
Share subscription receivable	$ 39,200	$ 39,200
Amounts due to related parties included in trade and other payable	52,001	1,313,670
9335-1427 Quebec Inc
Related party transactions
Share subscription receivable	25,000	25,000
Alexandre Mongeon
Related party transactions
Share subscription receivable	14,200	14,200
Current advances to (from) related party	17,408	(84,616)
Amounts due to related parties included in trade and other payable	15,077	86,152
Xavier Montagne
Related party transactions
Amounts due to related parties included in trade and other payable	8,131	11,615
Raffi Sossoyan
Related party transactions
Amounts due to related parties included in trade and other payable	8,050	11,500
California Electric Boat Company Inc.
Related party transactions
Amounts due to related parties included in trade and other payable		197,862
Mac Engineering, SASU
Related party transactions
Amounts due to related parties included in trade and other payable	$ 20,743	$ 1,006,541

Capital stock - Voting Common S

Capital stock - Voting Common Shares (Details) - CAD ($)	Nov. 30, 2024	Aug. 31, 2024	Nov. 30, 2023	Aug. 31, 2023
Capital stock
Issued capital	$ 62,997,017	$ 55,421,479
Common shares
Capital stock
Issued capital	$ 62,958,292	$ 55,382,754
Shares outstanding	1,566,486	163,403	86,329	82,795
Pre-funded warrants
Capital stock
Issued capital	$ 38,725	$ 38,725
Shares outstanding	475	475

Capital stock - Additional Info

Capital stock - Additional Information (Details)													3 Months Ended
	Oct. 08, 2024 shares	Sep. 16, 2024 $ / shares shares	Aug. 22, 2024	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	Nov. 30, 2024 CAD ($) $ / shares shares	Sep. 16, 2024 $ / shares	Aug. 31, 2024 CAD ($)	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	Nov. 23, 2020 $ / shares
Capital stock
Exercise price of warrants | (per share)		$ 11.25		$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,457.03	$ 1,687.5		$ 15.29		$ 191.23	$ 141.75	$ 191.23	$ 734.4	$ 724.95	$ 722.25	$ 761.4	$ 765.45	$ 760.05	$ 2,276.61
Number of warrants to purchase voting common shares issued		18,896		1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	377,778
Number of Voting Common Shares issued to third parties in exchange for services													124,642
Number of Voting Common Shares value issued to third parties in exchange for services | $													$ 591,571
Number of shares converted	1
Total cash consideration price, net of transaction costs | $													3,567,439
Net transaction costs | $													1,051,801
Ratio to the conversion of stock split	9		15
Additional voting common shares	195,203
At the market public offering
Capital stock
Net transaction costs | $													$ 300,035
Number of shares issued													695,583
Total cash consideration | $													$ 3,279,840
Net proceeds from this capital raise | $													$ 60,659		$ 0
Series A Convertible Preferred Shares
Capital stock
Shares issued upon conversion of convertible preferred stock													9,877
Number of shares converted													400
Pre-funded warrants
Capital stock
Exercise price of warrants | $ / shares													$ 0.001
Number of warrants to purchase voting common shares issued													1

Share-based payments - Stock op

Share-based payments - Stock options (Details) - CAD ($)	3 Months Ended	12 Months Ended
	Nov. 30, 2024	Aug. 31, 2024
Share-based payments
Share-based compensation expense	$ 18,337	$ 74,333
Minimum
Share-based payments
Exercise price	$ 138.47
Expiration period	5 years
Maximum
Share-based payments
Exercise price	$ 2,199.15
Expiration period	10 years

Share-based payments - Assumpti

Share-based payments - Assumptions used to determine the fair value of option grants (Details)	3 Months Ended
	Nov. 30, 2024 Y $ / shares
May 27, 2020
Share-based payments
Exercise price	$ 499.5
Market Price	$ 499.5
Expected volatility	84%
Risk-free interest rate	0.40%
Expected life | Y	5
May 27, 2020
Share-based payments
Exercise price	$ 375.3
Market Price	$ 499.5
Expected volatility	84%
Risk-free interest rate	0.40%
Expected life | Y	5
October 23, 2020
Share-based payments
Exercise price	$ 499.5
Market Price	$ 499.5
Expected volatility	97%
Risk-free interest rate	0.40%
Expected life | Y	5
November 24, 2020
Share-based payments
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
Share-based payments
Exercise price	$ 766.8
Market Price	$ 772.2
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	4
February 23, 2021
Share-based payments
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
Share-based payments
Exercise price	$ 766.8
Market Price	$ 772.2
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	3
July 14, 2021
Share-based payments
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
Share-based payments
Exercise price	$ 1,194.75
Market Price	$ 1,158.3
Expected volatility	106%
Risk-free interest rate	0.90%
Expected life | Y	5
January 22, 2022
Share-based payments
Exercise price	$ 762.75
Market Price	$ 745.2
Expected volatility	107%
Risk-free interest rate	1.50%
Expected life | Y	5
November 30, 2022
Share-based payments
Exercise price	$ 822.15
Market Price	$ 822.15
Expected volatility	107%
Risk-free interest rate	3.10%
Expected life | Y	5
December 1, 2022
Share-based payments
Exercise price	$ 787.05
Market Price	$ 787.05
Expected volatility	107%
Risk-free interest rate	3%
Expected life | Y	5
March 22, 2023
Share-based payments
Exercise price	$ 777.6
Market Price	$ 693.9
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	2
March 25, 2023
Share-based payments
Exercise price	$ 778.95
Market Price	$ 706.05
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	3
March 25, 2023
Share-based payments
Exercise price	$ 778.95
Market Price	$ 706.05
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	4
April 20, 2023
Share-based payments
Exercise price	$ 781.65
Market Price	$ 711.45
Expected volatility	75%
Risk-free interest rate	3.60%
Expected life | Y	5
December 29, 2023
Share-based payments
Exercise price	$ 612.43
Market Price	$ 199.8
Expected volatility	76%
Risk-free interest rate	3.10%
Expected life | Y	5
January 26, 2024
Share-based payments
Exercise price	$ 138.47
Market Price	$ 145.8
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)	3 Months Ended	12 Months Ended
	Nov. 30, 2024 shares $ / shares	Aug. 31, 2024 shares $ / shares
Share-based payments
Number of options, Beginning balance | shares	7,858	8,171
Number of options, Granted | shares	0	742
Number of options, Forfeited | shares		(1,055)
Number of options, Ending balance | shares	7,858	7,858
Weighted average exercise price, Beginning balance (in dollars per share) | $ / shares	$ 657.77	$ 704.76
Weighted average exercise price, Granted (in dollars per share) | $ / shares	0	375.98
Weighted average exercise price, Forfeited (in dollars per share) | $ / shares		823.16
Weighted average exercise price, Ending balance (in dollars per share) | $ / shares	$ 657.77	$ 657.77

Share-based payments - Exercise

Share-based payments - Exercise price range of stock options (Details)	3 Months Ended
	Nov. 30, 2024 shares $ / shares	Aug. 31, 2024 shares	Aug. 31, 2023 shares
Share-based payments
Number of options outstanding | shares	7,858	7,858	8,171
Exercise Price 138.47 - 499.50
Share-based payments
Number of options outstanding | shares	3,679
Weighted average grant date fair value	$ 309.59
Weighted average remaining contractual life (years)	10 months 13 days
Exercisable options | shares	3,648
Exercise Price 138.47 - 499.50 | Minimum
Share-based payments
Exercise price range	$ 138.47
Exercise Price 138.47 - 499.50 | Maximum
Share-based payments
Exercise price range	$ 499.5
Exercise Price 612.43 - 787.05
Share-based payments
Number of options outstanding | shares	3,881
Weighted average grant date fair value	$ 336.47
Weighted average remaining contractual life (years)	3 years 3 months 3 days
Exercisable options | shares	3,651
Exercise Price 612.43 - 787.05 | Minimum
Share-based payments
Exercise price range	$ 612.43
Exercise Price 612.43 - 787.05 | Maximum
Share-based payments
Exercise price range	$ 787.05
Exercise Price 822.15 - 1,194.75
Share-based payments
Number of options outstanding | shares	38
Weighted average grant date fair value	$ 646.65
Weighted average remaining contractual life (years)	3 years
Exercisable options | shares	22
Exercise Price 822.15 - 1,194.75 | Minimum
Share-based payments
Exercise price range	$ 822.15
Exercise Price 822.15 - 1,194.75 | Maximum
Share-based payments
Exercise price range	1,194.75
Exercise Price 2,199.15
Share-based payments
Exercise price range	$ 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
Exercisable options | shares	260

Share-based payments - Warrants

Share-based payments - Warrants (Details)											3 Months Ended
	Sep. 16, 2024 $ / shares 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	Nov. 30, 2024 shares	Sep. 16, 2024 $ / shares	Dec. 21, 2023 $ / shares	Dec. 13, 2023 $ / shares	Dec. 13, 2023 $ / shares	Sep. 20, 2023 $ / shares	Aug. 02, 2023 $ / shares	Jun. 16, 2023 $ / shares	Apr. 19, 2023 $ / shares	Feb. 17, 2023 $ / shares	Jan. 19, 2023 $ / shares	Nov. 23, 2020 $ / shares
Share-based payments
Number of warrants to purchase voting common shares issued	18,896	1,023	2,763	3,662	3,659	2,826	3,520	4,108	371	1,125	377,778
Warrants term	5 years	5 years	3 years	3 years	3 years	3 years	3 years	3 years	4 years	5 years
Exercise price of warrants | (per share)	$ 11.25	$ 141.75	$ 546.75	$ 546.75	$ 546.75	$ 568.35	$ 568.35	$ 568.35	$ 1,457.03	$ 1,687.5		$ 15.29	$ 191.23	$ 141.75	$ 191.23	$ 734.4	$ 724.95	$ 722.25	$ 761.4	$ 765.45	$ 760.05	$ 2,276.61

Share-based payments - Fair val

Share-based payments - Fair value of option grants relating to warrants (Details)

3 Months Ended

12 Months Ended

Nov. 30, 2024 CAD ($) $ / shares shares

Aug. 31, 2024 CAD ($)

Sep. 16, 2024 $ / shares

Sep. 16, 2024 $ / shares

Dec. 21, 2023 $ / shares

Dec. 21, 2023 $ / shares

Dec. 13, 2023 $ / shares

Dec. 13, 2023 $ / shares

Sep. 20, 2023 $ / shares

Sep. 20, 2023 $ / shares

Aug. 02, 2023 $ / shares

Aug. 02, 2023 $ / shares

Jun. 16, 2023 $ / shares

Jun. 16, 2023 $ / shares

Apr. 19, 2023 $ / shares

Apr. 19, 2023 $ / shares

Feb. 17, 2023 $ / shares

Feb. 17, 2023 $ / shares

Jan. 19, 2023 $ / shares

Jan. 19, 2023 $ / shares

Aug. 05, 2022 $ / shares

Nov. 23, 2020 $ / shares

Nov. 23, 2020 $ / shares

Share-based payments

Exercise price of warrants | (per share)

$ 11.25

$ 15.29

$ 141.75

$ 191.23

$ 141.75

$ 191.23

$ 546.75

$ 734.4

$ 546.75

$ 724.95

$ 546.75

$ 722.25

$ 568.35

$ 761.4

$ 568.35

$ 765.45

$ 568.35

$ 760.05

$ 1,457.03

$ 1,687.5

$ 2,276.61

Share-based payments expense for warrant | $

$ 119,985

$ 0

November 23, 2020

Share-based payments

Exercise price of warrants

$ 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

Weighted average remaining contractual life (years)

11 months 23 days

August 5, 2022

Share-based payments

Exercise price of warrants

$ 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

Weighted average remaining contractual life (years)

8 months 4 days

December 21, 2023

Share-based payments

Exercise price of warrants

$ 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

Weighted average remaining contractual life (years)

4 years 21 days

September 16, 2024

Share-based payments

Exercise price of warrants

$ 15.29

Market price

$ 9.74

Expected volatility (%)

92%

Risk-free interest rate (%)

3.40%

Expected life (years)

5 years

Number of warrants outstanding | shares

18,896

Weighted average remaining contractual life (years)

4 years 9 months 18 days

Revenues (Details)

Revenues (Details) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 142,411	$ 986,392
Sales of boats
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	89,031	88,093
Sales of parts and boat maintenance
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	31,361	30,497
Boat rental and boat club membership revenue
Disclosure of disaggregation of revenue from contracts with customers [line items]
Revenues	$ 22,019	$ 867,802

Net finance income (Details)

Net finance income (Details) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Net finance income
Interest and bank charges	$ 31,557	$ 64,563
Interest income	(78)	(27,046)
Foreign currency exchange (gain) loss	43,247
Transaction costs	194,747	149,472
Gain on derivative liabilities [note 13]	(1,673,420)	(5,411,168)
Net finance expense	$ (1,403,947)	$ (5,224,179)

Fair value measurement and hi_2

Fair value measurement and hierarchy (Details) - Volatility	Nov. 30, 2024	Dec. 13, 2023
Series A Convertible Preferred Shares
Fair value measurement and hierarchy
Percentage of fair value of derivative liability on volatility rate	85%	70%
Series B Convertible Preferred Shares
Fair value measurement and hierarchy
Percentage of fair value of derivative liability on volatility rate	90%
Derivatives
Fair value measurement and hierarchy
Percentage of fair value of derivative liability to determine remaining contractual life	83%
Percentage of reasonably possible increase in unobservable input liabilities	88%

Segment information (Details)

Segment information (Details)	3 Months Ended		12 Months Ended
	Nov. 30, 2024 CAD ($) segment	Nov. 30, 2023 CAD ($)	Aug. 31, 2024 CAD ($)
Segment information
Number of reportable business segments | segment	2
Segment revenues	$ 142,411	$ 986,392
Segment gross profit (loss)	(50,440)	435,528
Segment (loss) profit before tax	(1,572,230)	968,270
Research and development	254,010	984,506
Office salaries and benefits	489,945	860,454
Segment assets	13,257,121		$ 11,420,241
Cash	963,580		63,126
Additions to property and equipment	6,800	39,196
Segment liabilities	4,125,611		8,400,254
Gain on derivative liabilities	1,673,420	5,411,168
Operating segments
Segment information
Revenue from external customers	142,411	986,392
Segment revenues	142,411	986,392
Segment gross profit (loss)	(50,440)	435,528
Segment (loss) profit before tax	(1,572,230)	968,270
Research and development	254,010	984,506
Office salaries and benefits	489,945	860,454
Segment assets	13,257,121		11,420,241
Cash	963,580		63,126
Additions to property and equipment	8,606		599,578
Segment liabilities	4,125,611		8,400,254
Inter-segment eliminations
Segment information
Revenue from other segments	(10,000)	(25,802)
Segment revenues	(10,000)	(25,802)
Segment gross profit (loss)	(3,200)	280,017
Segment (loss) profit before tax	(10,026)	7,135
Segment assets	(10,092,051)		(11,277,388)
Additions to property and equipment	(3,200)		(185,744)
Segment liabilities	(941,374)		(1,013,824)
Sale of electric boats | Operating segments
Segment information
Revenue from external customers	120,392	118,590
Revenue from other segments	10,000	18,894
Segment revenues	130,392	137,484
Segment gross profit (loss)	(37,311)	(28,743)
Segment (loss) profit before tax	(1,610,743)	1,126,640
Research and development	252,993	984,506
Office salaries and benefits	601,786	680,994
Segment assets	21,595,409		19,737,669
Cash	833,179		28,108
Additions to property and equipment	1,806		280,587
Segment liabilities	4,061,238		8,306,618
Rental of electric boats | Operating segments
Segment information
Revenue from external customers	22,019	867,802
Revenue from other segments		6,908
Segment revenues	22,019	874,710
Segment gross profit (loss)	(9,929)	184,254
Segment (loss) profit before tax	48,539	(165,505)
Research and development	1,017
Office salaries and benefits	(111,841)	$ 179,460
Segment assets	1,753,763		2,960,124
Cash	130,401		35,018
Additions to property and equipment	10,000		487,000
Segment liabilities	$ 1,005,747		$ 1,151,501

Additional cash flows informa_3

Additional cash flows information (Details) - CAD ($)	3 Months Ended
	Nov. 30, 2024	Nov. 30, 2023
Additional cash flows information.
Additions to right-of-use assets		$ 38,283
Share subscription receivable	$ 60,659
Conversion of Series A Convertible Preferred Shares	$ 136,689

Commitments (Details)

Commitments (Details)	Nov. 30, 2024 CAD ($)
2025
Commitments
Amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	$ 3,143,058
2026
Commitments
Amount of the minimum fixed and determinable portion of the unconditional purchase obligations over the next years	$ 1,272,764

Commitments - Summary of undisc

Commitments - Summary of undiscounted lease commitments (Details)	Nov. 30, 2024 CAD ($)
2025
Commitments
Undiscounted lease commitments	$ 56,040
2026
Commitments
Undiscounted lease commitments	169,241
2027
Commitments
Undiscounted lease commitments	172,626
2028 and thereafter
Commitments
Undiscounted lease commitments	$ 476,990

Subsequent events (Details)

Subsequent events (Details) - CAD ($)			1 Months Ended		3 Months Ended
	Dec. 21, 2024	Oct. 08, 2024	Jan. 09, 2025	Dec. 31, 2024	Nov. 30, 2024
Subsequent events
Number of Voting Common Shares issued to third parties in exchange for services					124,642
Number of shares converted		1
Total gross proceeds					$ 3,567,439
Less transaction costs					1,051,801
At the market public offering
Subsequent events
Less transaction costs					$ 300,035
Series A Convertible Preferred Shares
Subsequent events
Number of shares converted					400
Issue of voting common shares
Subsequent events
Number of Voting Common Shares issued to third parties in exchange for services				124,829
Issue of voting common shares | At the market public offering
Subsequent events
Number of Voting Common Shares issued to third parties in exchange for services			1,917,537
Total gross proceeds			$ 5,814,978
Less transaction costs			$ 174,611
Issue of voting common shares | Series A Convertible Preferred Shares
Subsequent events
Number of Voting Common Shares issued to third parties in exchange for services	48,177
Number of shares converted	1,950