Twitter Facebook LinkedIn YouTube

New Listing: The Limestone Boat Company (TSXV:BOAT)

Video Platform Video Management Video Solutions Video Player

Based in Collingwood, Ontario, Limestone has been a heritage brand primarily recognized in coastal New England and the great lakes region of Canada and the United States for more than 35 years.

Additional Information:

Company: The Limestone Boat Company
Website: http://www.LimestoneBoats.com
Stock Symbol: TSXV: BOAT
Date Published: Mar 5, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

The Limestone Boat Company, a designer and manufacturer of recreational and commercial powerboats, is one of the latest new listings on the TSX Venture Exchange, trading under the symbol “BOAT”, following its qualifying transaction with Capital Pool Company LL One.

Based in Collingwood, Ontario, Limestone has been a heritage brand primarily recognized in coastal New England and the great lakes region of Canada and the United States for more than 35 years.

The model designs were originally developed by renowned yacht designer Mark Ellis of Essex, Connecticut, whose body of work includes an impressive number of highly successful power and sail designs for both series production and custom building.

Ellis has been active for 45 years designing and developing the iconic Limestone powerboat brand, as well as many others, including well-known sailboat brands.

In 2020, marine industry veteran Scott Hanson and his partners completed the acquisition of exclusive, global manufacturing and Limestone branding rights from Mark Ellis Design LLC.

Mr. Hanson and his team have also engaged Mr. Ellis as a consultant to be involved with the evolution of existing deigns and new model creations as they move the brand forward.

All of the Limestone boats are manufactured by Ebbtide Holdings, LLC in its White Bluff, Tennessee facility.

Shifting consumer trends, supported by lifestyle changes resulting from the impact of the COVID-19 pandemic has had a positive impact on the demand for marine products worldwide.

There has been a steady increase in new boater registrations in the US since April of 2020, with a 44.3% increase in July year-over-year according to the Statistical Surveys Inc.

With the boating lifestyle shifting from utility to comfort over the last decade, the company has undertaken extensive research to modify its product offerings to meet the demands of today's consumer and has undertaken a considerable redesign of its line of boats, moving to outboard power and upgrading the furniture and technology offerings in the boats.

The company relies on its network of independent Limestone Boat Dealers to sell its products throughout North America.

It currently has four dealers in Canada and four Dealers throughout the United States representing a total of 18 marinas.

The shares are trading at $0.30.

For more information, please visit the company’s website www.LimestoneBoats.com, contact Bill Mitoulas for Investor Relations at 800-720-2395 or email bill@LimestoneBoats.com.

I’m Cassandra Bolinski for Investmentpitch Media