• Sign up for the Daily Digest Email!
  • Twitter
  • Facebook
  • Google Plus One
  • RSS

REIT REPORT

REIT news, Real Estate Investment Trusts, Canadian REIT News, REIT Stocks Canada

  • Home
  • Headlines
  • Daily Digest Email
  • Canadian REITs

Kontrol Technologies Selected by New City Customer for Net Zero Emission and Climate Action Platform

February 1, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has been selected by an Ontario based city (the “Customer”) to deliver a Net Zero Emission and Climate Action plan. Kontrol won the new Customer through a competitive bid process.

Continued Growth in the Public Sector

“We continue to execute on our growth in the public sector with another important win for our Net Zero Emission solutions,” says Paul Ghezzi, CEO of Kontrol Technologies. “Through a lengthy and detailed process, we were able to demonstrate our value proposition against much larger competitors.”

With hundreds of buildings under management, the Customer has a goal of advancing their target of net zero emissions by 2030. For industry competitive purposes the Customer will not be named.

“To accelerate decarbonization and net zero emissions, existing buildings will need to implement upgrades and improvements including energy efficiency upgrades and the generation and storage of carbon-free renewable energy,” continues Ghezzi.

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com.

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may,” “will,” “expect,” “likely,” “should,” “would,” “plan,” “anticipate,” “intend,” “potential,” “proposed,” “estimate,” “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: future Carbon solutions to be offered by Kontrol for its potential customers; future goal of monetizing carbon credits; the anticipated timing of the initial design, feasibility, implementation, and potential carbon credit monetization of the Company’s Net Zero emissions solution; installation of and energy savings that the Company’s technology will provide for the Customer; the future success of any of Kontrol’s products; and customer demand relating to energy management.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company; that future Carbon solutions can be conducted as planned; that technology will be as effective as anticipated; that existing relationships and contracts entered into by the Company will continue on the same or similar terms, or at all; that the anticipated timing of implementing the Net Zero emissions solution and energy saving design for the Customer will go as planned; and that demand will continue for energy management products and for the Company’s products in particular.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
601 Rowntree Dairy Road, Unit B

Vaughan, ON L4L 5T8

Tel: (905) 766.0400

Slate Office REIT Announces Results of Meeting of Holders of Its 5.25% Convertible Unsecured Subordinated Debentures

January 30, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that the holders (the “Debentureholders”) of its 5.25% convertible unsecured subordinated debentures, due February 28, 2023 (the “Debentures”), have adopted an extraordinary resolution (the “Extraordinary Resolution”) to approve the implementation of certain amendments to the terms of the Debentures (the “Amendments”) at a meeting of the Debentureholders held on January 27, 2023 (the “Meeting”).

The adoption of the Extraordinary Resolution was overwhelmingly supported by the Debentureholders at the Meeting, with the adoption being approved by holders of approximately 89% of the outstanding principal amount of the Debentures in attendance at the Meeting.

The Amendments approved by the Debentureholders at the Meeting will: (i) increase the interest rate of the Debentures from 5.25% to 9.00%, effective February 28, 2023; (ii) decrease the conversion price of the Debentures from $10.53 per trust unit of the REIT (each, a “Unit”) to $5.50 per Unit; (iii) extend the maturity date of the Debentures from February 28, 2023 to February 28, 2026; and (iv) provide that the Debentures are not redeemable prior to February 28, 2025 and, at any time after February 28, 2025, the REIT will be permitted to redeem the amended Debentures, in whole or in part at a price equal to the principal amount thereof plus accrued and unpaid interest to, but excluding, the date of the redemption. The Amendments are described in detail in the REIT’s consent and proxy solicitation statement dated December 29, 2022, and available on the REIT’s SEDAR profile at www.sedar.com.

The Amendments will be implemented by way of a supplemental indenture to be entered into by the REIT and TSX Trust Company, as trustee for the Debentures (the “Supplemental Indenture”), which is expected to occur prior to February 28, 2023. Once entered into, the Supplemental Indenture will be filed on SEDAR under the REIT’s profile at www.sedar.com in accordance with applicable securities laws.

About Slate Office REIT (TSX: SOT.UN)

Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. The majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. The REIT acquires quality assets at a discount to replacement cost and creates value for unitholders by applying hands-on asset management strategies to grow rental revenue, extend lease term and increase occupancy. Visit slateofficereit.com to learn more.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SOT-SA

Contacts

For Further Information
Investor Relations

+1 416 644 4264

ir@slateam.com

Slate Grocery REIT Announces Normal Course Issuer Bid

January 30, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to commence a normal course issuer bid (the “NCIB”), effective as at the open of markets on February 1, 2023, to repurchase for cancellation up to 5,655,086 class U units of the REIT (the “Class U Units”) or approximately 10% of the public float of 56,550,865 Class U Units as of January 18, 2023.

As of January 18, 2023, 60,204,475 Class U Units were outstanding. The REIT may purchase Class U Units for cancellation over the 12-month period commencing February 1, 2023 and ending on January 31, 2024. Any purchases under the NCIB will be made through the facilities of the TSX and/or through other permitted means, including through one or more alternative Canadian trading systems, and in accordance with applicable regulatory requirements at the prevailing market price on the TSX or the applicable alternative Canadian trading system at the time of purchase or such other price as may be permitted by the TSX at the time of acquisition.

Subject to certain prescribed exemptions and any block purchase made in accordance with the rules of the TSX, the number of Class U Units that can be purchased pursuant to the NCIB is subject to a daily maximum of 22,736 Class U Units, or approximately 25% of the average daily trading volume during the period from July 1, 2022 to December 31, 2022 (being 90,947 Class U Units per day). The actual number of Class U Units which may be purchased (if any), and the timing of any such purchases, will be determined by the REIT. Any Class U Units purchased under the NCIB will be cancelled following purchase. The REIT intends to fund the purchases of Class U Units under its NCIB out of the general funds of the REIT.

Management believes it is prudent to have numerous capital allocation strategies available to it. Management may determine that using the NCIB to return capital to its unitholders at a particular time is in the best interest of the REIT, which will increase unitholder value, and that such purchases constitute a desirable use of the REIT’s funds.

About Slate Grocery REIT (TSX: SGR.U / SGR.UN)

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately US$2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term. Visit slategroceryreit.com to learn more about the REIT.

About Slate Asset Management

Slate Asset Management is a global alternative investment platform targeting real assets. We focus on fundamentals with the objective of creating long-term value for our investors and partners. Slate’s platform has a range of real estate and infrastructure investment strategies, including opportunistic, value add, core plus and debt investments. We are supported by exceptional people and flexible capital, which enable us to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.

Forward-Looking Statements

Certain information herein constitutes “forward-looking information” as defined under Canadian securities laws which reflect management’s expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the REIT. The words “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variations of such words and phrases or statements to the effect that certain actions, events or results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and similar expressions identify forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.

SGR-Fin

Contacts

Investor Relations

+1 416 644 4264

ir@slateam.com

InterRent REIT Announces Timing of Fourth Quarter 2022 Results and Conference Call

January 30, 2023 By Business Wire

Not for Distribution to United States Newswire Services or for Dissemination in the United States

OTTAWA, Ontario–(BUSINESS WIRE)–InterRent Real Estate Investment Trust (TSX-IIP.UN) (“InterRent”) announced today that it will release its 2022 fourth quarter financial results before the market opens on Tuesday, March 7, 2023. Management will host a conference call and webcast to speak to these results on Tuesday, March 7, 2023 at 10:00 AM EST.

Conference Call & Webcast

The dial-in numbers for the conference call are 1-888-886-7786 (toll free) and 416-764-8658 (international). No access code required.

The webcast will be accessible at: https://www.interrentreit.com/2022-q4-results. A replay will be available for 7 days after the webcast at the same link.

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent’s strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

InterRent’s primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Investor Relations

investorinfo@interrentreit.com
www.interrentreit.com

Dream Impact Trust Q4 2022 Financial Results Release Date, Webcast and Conference Call

January 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM IMPACT TRUST (TSX: MPCT.UN) (“Dream Impact” or the “Trust”) will be releasing its financial results for the quarter ended December 31, 2022, on Monday, February 13, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

 

Date:

Tuesday, February 14, 2023 at 1:00 p.m. (ET)

 

 

Audio:

To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI4a384477ded94427821cfc5d69562620. Once registered, participants will receive an email with dial-in details, including a unique PIN.

 

 

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Impact’s website at www.dreamimpacttrust.ca and click on the link for the webcast.

 

 

Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Impact’s website.

About Dream Impact

Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and investing holdings, and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; while generating attractive returns for investors. For more information, please visit: www.dreamimpacttrust.ca.

Contacts

For further information:

Meaghan Peloso
Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kimberly Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Industrial REIT Q4 2022 Financial Results Release Date, Webcast and Conference Call

January 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (TSX: DIR.UN) (“Dream Industrial”) will be releasing its financial results for the quarter ended December 31, 2022, on Tuesday, February 14, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

 

Date:

Wednesday, February 15, 2023 at 1:00 p.m. (ET)
 

Audio:

To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI5f5b530163fc4e88a2bf7f7ab33b3a8f.

 

Once registered, participants will receive an email with dial-in details including a unique PIN.
 

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Industrial REIT’s website at www.dreamindustrialreit.ca and click the link for the webcast.
 

Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Industrial’s website.

About Dream Industrial

Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at September 30, 2022, Dream Industrial REIT owns, manages and operates a portfolio of 258 industrial totaling approximately 46.5 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit our website at www.dreamindustrialreit.ca.

Contacts

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Lenis Quan
Chief Financial Officer

(416) 365-2353

lquan@dream.ca

Alexander Sannikov
Chief Operating Officer

(416) 365-4106

asannikov@dream.ca

Dream Office REIT Q4 2022 Financial Results Release Date, Webcast and Conference Call

January 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office”) will be releasing its financial results for the quarter ended December 31, 2022, on Thursday, February 16, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

 

 

Date:

Friday, February 17, 2023 at 10:00 a.m. (ET)

 

Audio:

To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI1a5208fa14dc429f931477da61006868.
Once registered, participants will receive an email with dial-in details, including a unique PIN.

 

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Office’s website at www.dreamofficereit.ca and click on the link for the webcast.

 

Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Office’s website.

About Dream Office

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

Michael J. Cooper
Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang
Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

Dream Unlimited Corp. Q4 2022 Financial Results Release Date, Webcast and Conference Call

January 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Dream Unlimited Corp. (TSX: DRM) (“Dream”) will be releasing its financial results for the quarter ended December 31, 2022, on Tuesday, February 21, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

 
Date:

Tuesday, February 21, 2023 at 5:00 p.m. (ET)

 
Audio:

To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BIc5adda2edc5b47eaa717e6d719fe9856. Once registered, participants will receive an email with dial-in details, including a unique PIN.

 

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream’s website at www.dream.ca and click on the link for the webcast.

 
Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream’s website.

About Dream

Dream is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $17 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land and residential assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities For more information, please visit our website at: www.dream.ca.

Contacts

Deb Starkman
Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever
Director, Investor Relations

(416) 365-6339

klefever@dream.ca

Dream Residential REIT Q4 2022 Financial Results Release Date, Webcast and Conference Call

January 27, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REIT (TSX: DRR.U) (“Dream Residential” or the “REIT”) will be releasing its financial results for the quarter ended December 31, 2022, on Wednesday, February 15, 2023.

Senior management will be hosting a conference call to discuss the financial results. Participants may join the conference call by audio or webcast.

Conference Call:

 

Date:

Thursday, February 16, 2023 at 10:00 a.m. (ET)

 

Audio:

To access the conference call, click on the following link to register for the audio conference: https://register.vevent.com/register/BI74c8674405584a68ab1abf3a7c27381a.

 

Once registered, participants will receive an email with dial-in details, including a unique PIN.

Webcast:

A live webcast will also be available in listen-only mode. To access the simultaneous webcast, go to the Calendar of Events on the News and Events page on Dream Residential’s website at www.dreamresidentialreit.ca and click the link for the webcast.

 

Digital Replay:

A taped replay of the call will be available for ninety (90) days. For access details, please click on the Calendar of Events on Dream Residential’s website.

About Dream Residential

Dream Residential REIT is a newly created, unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns an initial portfolio of 16 garden-style multi-residential properties, consisting of 3,432 units primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

P. Jane Gavan
Chief Executive Officer

(416) 365-6572

jgavan@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

Bartek Hosts Canadian Government Dignitaries at Facility Groundbreaking

January 26, 2023 By Business Wire

The project will be the largest malic and fumaric acid facility once complete

STONEY CREEK, Ontario–(BUSINESS WIRE)–Bartek Ingredients advances its plans to strengthen its position as the world’s largest producer of malic and food-grade fumaric acid with the groundbreaking of its state-of-the-art, $175 million malic and fumaric acid production facility.


The company held a groundbreaking ceremony on Jan. 12 with Canadian government officials and local community leaders to celebrate the official commencement of the construction project.

“We are thrilled to be breaking ground on our new facility which will set a new global benchmark for safety, efficiency, and environmental performance,” Bartek President and CEO John Burrows said. “We are pleased to be investing in the community of Stoney Creek and proud to play an integral part in supporting local industries and the local economy. We are thankful for our partnerships with the provincial and federal government and Environment Hamilton and their support and guidance throughout the process.”

Among those in attendance at the groundbreaking were Neil Lumsden, Minister of Tourism, Culture and Sport and Member of Provincial Parliament for Hamilton East, Victor Fedeli, Minister of Economic Development and Trade, Lisa Thompson, Minister of Agriculture, Food and Rural Affairs, and Chad Collins, Member of Federal Parliament for Hamilton East-Stoney Creek.

“Congratulations to everyone at Bartek Ingredients on this exciting milestone,” Minister Fedeli said. “Bartek’s $175 million investment will ensure that the company can continue to expand and create more good-paying jobs in Hamilton and the surrounding region. Together, we’re building a stronger Ontario with opportunities for all people.”

The facility will double Bartek’s production capacity and propel new product development and other innovation efforts. It is also being built with sustainability in mind and is expected to be the most environmentally sustainable facility in the industry – projected to reduce per unit greenhouse gas emissions by more than 80 percent.

“Ontario has a clean energy advantage and is a sustainable and predictable place to do business,” Minister Piccini said. “As a result, we’re attracting the jobs of tomorrow. My Ministry was proud to work closely with Bartek through the permitting and approvals process to help secure this significant investment to Ontario.”

Minister Thompson added: “Bartek’s new state-of-the-art facility will be a shining example of Ontario’s robust agri-food manufacturing and processing sector. This major investment will create good-paying jobs in the local community and further strengthen Ontario’s value-added food supply chain.”

Through this project, Bartek will inject $100 million into the local Stoney Creek economy. The facility is expected to be fully operational at the beginning of 2024.

“Hamilton’s Bartek facility will soon become one of the world’s largest malic and food-grade acid production plants,” Minister Lumsden said. “Our government is excited to see local manufacturers, such as Bartek, invest in Ontario to grow and create more good-paying jobs right here in Hamilton!”

For more information, please visit bartek.ca or contact Bartek at info@bartek.ca.

About Bartek Ingredients

For over 50 years, Bartek Ingredients Inc. has been a leading global manufacturer of malic acid, fumaric acid, and maleic anhydride. Headquartered in Stoney Creek, Ontario, Canada, Bartek employs 120 people across its two production facilities in Southern Ontario. Bartek’s facilities are registered to the ISO 9001:2015 Standard. Bartek also holds the BRC Global Standard for Food Safety certification, and it distributes to more than 40 countries around the world. With new ownership in 2019 and significant investments, Bartek’s presence in the food and beverage space continues to be bolstered by highly innovative products and services that utilize deep product expertise and application knowledge to offer solutions to industry needs. For more information about Bartek, visit bartek.ca/.

Contacts

Erin Robbins

MarketPlace

erin.robbins@marketplacebranding.com
+1-314-366-3562

Choice Properties Real Estate Investment Trust to Host Investor Day on February 23, 2023

January 26, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–#valueforgenerations–Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it will host an Investor Day on Thursday, February 23, 2023 in Toronto. At the event, members of Choice Properties’ senior leadership team will discuss the Trust’s strategic direction and current operations. Leaders from the Trust’s affiliates, Loblaw Companies Limited and George Weston Limited, will also be in attendance to provide insight into their collaborative, working relationships with the Trust.

Due to limited capacity, in-person attendance is by invitation only. A live video webcast of the event will be available on Choice Properties’ website at www.choicereit.ca/events-webcasts starting at 1:30 PM ET and lasting for approximately three hours. A replay of the webcast and the related presentation materials will be available on the Trust’s website following the event.

About Choice Properties Real Estate Investment Trust

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties.

We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence.

For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

Contacts

For further information:
Mario Barrafato

Chief Financial Officer

Choice Properties REIT

(416) 628-7872

Mario.Barrafato@choicereit.ca

Aria Vent Inc., a Canadian Company Innovating Building Materials, to Showcase at 2023 International Builders’ Show

January 25, 2023 By Business Wire

TORONTO–(BUSINESS WIRE)–Aria Vent, Canada’s first-ever custom vent solution company, is thrilled to announce their presence at the NAHB International Builders’ Show® (IBS) with an in-person booth activation. Hosted at the Las Vegas Convention Centre in booth #SU577 from January 31 to February 2, Aria Vent will showcase their patented vent product assortments and building accessories.

Aria Vent is Canada’s first-ever company to remodel the traditional home vent and innovate the first modular air vent that can be used anywhere and customized with any materials. Designed with DIY and industry professionals in mind, Aria’s mission to create thoughtful, beautiful and functional products now extends beyond vents to include other building material essentials like receptacle mounts, niches and exhaust fan covers.

“Our team is thrilled to be participating in IBS and expanding our operations into the US this year,” said CEO Roberta Mantenuto. “We are excited to share our story about how we became the first company to evolve the air register and showcase our expanding innovations in the industry for 2023.”

Aria Vent is proud to be a female-owned business, led by CEO, Roberta Mantenuto. Roberta will be in attendance to connect, network and educate industry leaders and professionals on Aria Vent’s high-quality products, design and function.

Aria’s Exhibit at IBS includes a booth activation featuring their latest product innovations, offering North America’s residential construction professionals an exclusive sneak peek at Aria’s innovations for 2023.

About Aria Vent Inc.

Proudly manufactured in Canada, Aria Vent’s patented products are the first and only modular air register system that can be adapted to any surface. Aria Vent has elevated vents from a “necessary building product” to a design feature that is quickly becoming the go-to standard for industry professionals. Founded in September 2016, Aria Vent Inc. is owned and operated by father-daughter duo, Paolo and Roberta Mantenuto who share a passion for innovative, thoughtful design.

Contacts

Media:
Monica Barbaro

monica@talkshopmedia.com
647-330-6946

  • « Previous Page
  • 1
  • …
  • 54
  • 55
  • 56
  • 57
  • 58
  • …
  • 109
  • Next Page »

Sign up for the Daily Digest Email!

Receive the latest news stories from the REIT Report every morning for FREE!

100% Privacy. No SPAM. We promise.

Daily Movers

Ticker News Price Chg Chg%
d.un:ca$14.92.7118.16%
csh.un:ca$9.340.545.78%
ax.un:ca$6.920.223.13%
kmp.un:ca$17.730.623.5%
nwh.un:ca$8.020.222.69%
mrt.un:ca$5.24-0.01-0.19%
grt.un:ca$81.72-0.11-0.13%
hot.un:ca$2.53-0.01-0.39%
fcr.un:ca$15.35-0.05-0.32%
dir.un:ca$14.22-0.41-2.87%
 

Market Snapshot

  • Advertise
  • About
  • Contact
  • Privacy Policy

Copyright © 2025 · REIT REPORT