MONTREAL, Feb. 2, 2023 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced that it has completed a sale-leaseback transaction with BTB Real Estate Investment Trust (TSX: BTB.UN) for its battery manufacturing building located in Mirabel, Quebec for a total purchase price of C$28 million. The proceeds from the transaction will be used by the Company to repay amounts outstanding under its revolving credit facility and to fund transaction expenses.