GTA flagship warehouse will help ease the bottleneck of goods that’s frustrating consumers by offering corporate customers efficient access to key markets on both sides of the border.

MONTREAL–(BUSINESS WIRE)–Fuel Transport, a leading North American logistics and transportation company, announces the acquisition of a $43-million dollar, 122,442 square foot warehouse in the community of Brampton, Ontario to boost supply chain resiliency and bring unprecedented flexibility and access to clients looking to do business across Canada and the United States.

Located at 35 Precidio Court in Bramalea Business Park, the warehouse is strategically located in a GTA hub for logistics and transportation, surrounded by a high density of industries ranging from food and beverage to health and life sciences. The warehouse is advantageously positioned in proximity to key transportation access points including Pearson International Airport and the 400 series of highways. The warehouse acquisition optimizes Fuel’s North American network, making the new Brampton facility a gateway for centralized access to key markets on both sides of the border. The pandemic drove home the need to rebuild supply chain resilience and self-sufficiency by reshoring manufacturing. Fuel’s announcement is well-timed for U.S. clients who’ve either seen an overwhelming return of overseas production from Asia or plan to in the next three years, according to Kearney’s 2021 Reshoring Index.

“Toronto is a major market for Canadian imports and exports; it’s the gateway to Eastern Canada,” said Peter Perrella, Vice President, Operations at Fuel Transport. “This is an innovative, highly efficient solution for clients that brings them closer to their service regions. Warehousing compliments the logistics side of our business, and is going to bring value to U.S. and Canadian clients. It will also spin-off benefits that’ll reduce transport and shipping backlogs which have been frustrating consumers.”

This flagship warehouse in Brampton is another important milestone in Fuel’s strategic ambition to develop a first-class warehouse portfolio, bringing the combined space of Fuel’s warehouse network to over one million square feet of capacity.

“This $43-million dollar investment is part of a bigger, consistent strategy we’ve had since day one to be a value-added logistics provider across North America, by bolstering our hybrid model of non-asset and asset-based solutions, and helping to optimize our clients’ business,” said Robert Piccioni, CEO and founder of Fuel Transport. “We’re able to leverage Fuel’s fiscal strength to continuously re-invest in the industry; in our people, our training and systems, our truck and bulk divisions, and owned assets, like 35 Precidio Court in Brampton.”

To serve the surrounding corporate community better, the warehouse will feature 3PL and 4PL services and seven shipping doors. The facility supports 24 feet of clearance height with a centralized command structure that provides 360-degree sight lines. The warehouse will also offer a full suite of fulfillment services, including pick-and-pack, long or short-term storage, support and integration of technology through Tecsys WMS and the option of being fully managed by Fuel.

About Fuel Transport

Fuel is a logistics transportation company that provides creative solutions for a wide variety of industries across North America. Serving industries including aerospace, automotive, food and beverage, retail and pharmaceuticals, Fuel offers a hybrid-model solution that consists of both non-asset and asset-based services. Fuel has a network of carriers and a sales force working across North America with offices in Montreal, Toronto, Chicago and Mexico. To learn more, visit www.fueltransport.com.

Contacts

For media inquiries and further information, please contact:

Lara Watson

Account Manager, PR & Influencer Marketing

YPR Canada

lara@yprcanada.com

Agatha Strati

Senior Marketing & Communications, Fuel Transport

agatha.strati@fueltransport.com

Large, wooded lots for sale in the heart of Mont-Tremblant as part of a real-estate development project promoting the Tremblant Experience

MONT-TREMBLANT, Quebec–(BUSINESS WIRE)–Rooted in the deep family, human and ecological values of the Town of Mont-Tremblant, this subdivision project is the result of a partnership among successful businesspeople who each own a secondary residence in the area—Anna-Isabelle Morency-Botello, Louis-Philippe Therrien and the Harden family. Having proven themselves in their respective fields, these partners are proud to be able to apply their complementary skills to a shared passion: designing a sustainable real-estate development project that will contribute to the local and international reputation of the Town of Mont-Tremblant.

Focused on the daily living experience of its future owners, this project features high-quality constructions that highlight the exceptional natural heritage of Domaine Johannsen, located a mere 12 kilometres from the Tremblant ski resort and its charming pedestrian village.

“Not only does this project offer the warm atmosphere of a northern village, it also opens the door to an array of quaint boutiques and sunny terraces, a wide range of winter and summer sports activities, an abundance of restaurants and two internationally renowned schools,” explains Anna-Isabelle Morency-Botello, owner of a real-estate management company.

“This is an integrated project based on sustainable development and the eco-responsible management of spaces,” states Chris Harden, Harden’s Co-Chief Executive officer and General Director, and partner of the Domaine Johannsen project. “We invite you to make your everyday life bright and invigorating in these resort-like surroundings that respect the environment and provide a close-knit community feel,” adds Louis-Philippe Therrien, elite skier and property manager.

To inaugurate the project, a VIP event will be held on October 2, 2022, during which potential property owners will have the opportunity to choose from the best of the vast undulating lots available, starting at $89,000, on which to build the home of their dreams in the heart of an enchanted forest equipped with obstacle courses, trails and playgrounds.

For more detailed information on this development project and to register for the VIP launch event, visit https://domainejohannsen.com/.

About the project’s partners

Harden

Established in 1985, Harden is a second-generation family-owned real-estate company whose primary objective is to own and operate commercial, residential and industrial properties in numerous communities throughout the provinces of Québec and Ontario. Its vertical integration allows it to specialize in all facets of the real-estate development process, including development, construction, leasing, and property management.

For more information on Harden, visit www.harden.ca.

Anna-Isabelle Morency-Botello and Louis-Philippe Therrien

Anna-Isabelle and Louis-Philippe are owners of a property management company that owns 60 units in Montréal.

Anna-Isabelle holds an MBA from HEC Montréal as well as a Master’s Degree in Life Sciences and a Bachelor’s Degree in Law from Université de Sherbrooke. She is also a real-estate management consultant for a firm with over 500 units. She held the position of CEO for Québec-based flagship company Canus after working as a business lawyer at Norton Rose Fulbright Canada for 5 years.

Louis-Philippe has made his way through the ranks of elite-level downhill skiing. He was a member of the Mont-Tremblant competitive ski team for 10 years and won a gold medal at the Junior Ski World Championships in 1999. Holder of a Bachelor’s Degree in Kinesiology from the University of Ottawa, Louis-Philippe now has a brilliant career in business development and property management.

Contacts

For information and media relations:
Tia Giannone

Torchia Communications

514 999-1732

tia@torchiacom.com

TORONTO–(BUSINESS WIRE)–Yousry Bissada, President and CEO of Home Capital Group Inc. (“Home Capital”) (TSX:HCG), will present at the Scotiabank 23^rd Annual Financials Summit on September 8, 2022 at 3:30 p.m. ET.

A link to a live webcast of the presentation will be available on the date of the event on Home Capital’s website at www.homecapital.com/investors/events-and-presentations. An archived version of the webcast will be available following the presentation.

About Home Capital: Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services. In addition, Home Trust and its wholly owned subsidiary, Home Bank, offer deposits via brokers and financial planners, and through a direct-to-consumer brand, Oaken Financial. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, and Quebec.

Contacts

FOR ADDITIONAL INFORMATION:
Jill MacRae

VP, Investor Relations and ESG

416-933-4991

investor.relations@hometrust.ca

Ontario-Based Team Expands the Brokerage’s Canadian Footprint

TORONTO & NEW YORK–(BUSINESS WIRE)–$REAX #therealbrokerage–The Real Brokerage Inc. (“Real” or the “Company”) (NASDAQ: REAX) (TSX: REAX), an international, technology-powered real estate brokerage, today announced that The Crew Real Estate, a greater Ontario-based team, is joining its growing network of agents.

Established by Ryan Campbell in 2014, The Crew brings 17 agents to Real. The highly productive team closed approximately $300 million in home transactions over the last 12 months.

“We’re excited to join Real because it allows us to align ourselves with a community of agents that shares our core values as well as our collaborative vision for the real estate industry of the future,” Ryan said. “Being a part of Real will enable us to focus on our strengths while giving our agents access to cutting-edge technology through the Real platform.”

“We look forward to working with The Crew and expanding our Canadian presence,” said Real Chairman and CEO Tamir Poleg. “This team is known for actively supporting their community, and we’re excited to serve as their brokerage partner.”

About Real

The Real Brokerage Inc. (NASDAQ: REAX) (TSX: REAX) is revolutionizing the residential real estate industry by pairing best-in-class technology with the trusted guidance of the agent-led experience. Real delivers a cloud-based platform to improve efficiencies and empower agents to provide a seamless end-to-end experience for homebuyers and sellers. The company was founded in 2014 and serves 44 states, D.C., and two Canadian provinces with over 6,000 agents. Additional information can be found on its website at www.onereal.com.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof. Forward-looking information in this press release includes, without limiting the foregoing, information relating to Real’s second quarter earnings call, the release of the second quarter financial results and the business and strategic plans of Real.

Forward-looking information is based on assumptions that may prove to be incorrect, including but not limited to Real’s business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. Real considers these assumptions to be reasonable in the circumstances. However, forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied in the forward-looking information. These factors should be carefully considered and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, Real cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and Real assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Contacts

For additional information:

Elisabeth Warrick

Director, Communications

elisabeth@therealbrokerage.com
201.564.4221

Investors, for more information:

Jason Lee

Vice President, Capital Markets & Investor Relations

investors@therealbrokerage.com
908.280.2515

TORONTO–(BUSINESS WIRE)–MechCan Inc. (“MechCan”) is pleased to announce a partnership with Mike Barry, the owner-operator of Comfort Zone Heating, Air Conditioning & Plumbing (“Comfort Zone” or “CZ”). Serving Cobourg, Ontario and the surrounding areas since 2005, Comfort Zone is a local market leader offering HVAC and plumbing installation and services. This marks MechCan’s third transaction since its launch in January 2022. MechCan was founded to enable owner-operators of mechanical services companies across Canada to realize the value in their business while preserving their legacy and best positioning their business for sustainable growth.

“We are excited to welcome Comfort Zone to the MechCan family of brands,” said Spencer Ross, Co-Founder of MechCan. “Mike and the CZ team have built an exceptional residential services company with a strong local reputation. Partnerships with talented entrepreneurs like Mike that do business the right way are the backbone of our strategy. This is our third transaction in Southern Ontario and we intend to continue investing heavily in the region as we build out our Canadian mechanical services platform.”

“Since its inception in 2005, Comfort Zone’s growth and success has come from one thing – happy customers,” said Mike Barry, Comfort Zone’s Co-Founder. “We are proud to service residents of our community, local home builders, renovation specialists, and inspection teams. We are confident that this partnership with MechCan will provide the resources necessary to best serve our customers and support our long-standing and loyal employees. With MechCan’s backing, Comfort Zone will invest to accelerate its growth, including the recent addition of plumbing to our core heating and cooling offering.”

Comfort Zone will continue to operate under its local brand and retain its high-quality team of technicians and support staff with Mike Barry leading the business. Through this transaction, Mike will remain a significant shareholder of CZ, become a shareholder of MechCan, and lend his decades of experience in the industry to the MechCan team to help further the buildout of its mechanical services platform.

About MechCan Inc.

MechCan is a proudly Canadian acquiror of and partner to mechanical services businesses nationwide. MechCan provides upfront liquidity, ongoing cash distributions, and long-term alignment to entrepreneurs and owners of HVAC, plumbing, controls, and other mechanical companies in return for an economic stake in their business. Partner companies maintain their local brand and continue to operate independently while benefitting from shared services and assistance with business operations.

For more information on MechCan, visit www.mechcan.ca

For more information on services offered by Comfort Zone, visit www.comfortzonecanada.com

Contacts

Media: Spencer Ross, sr@mechcan.ca

The Disruptive PropTech Platform & Its CEO, Regan McGee, Are Once Again Recognized as Industry Leaders for Stewarding Innovation & Empowerment in the Residential Real Estate Experience

TORONTO–(BUSINESS WIRE)–#Nobul–Nobul Technologies (www.nobul.com), a consumer-centric real estate technology company that connects home buyers and sellers to the right real estate agent to meet their needs, is proud to announce Regan McGee, Nobul’s CEO and founder has been named the winner of a Gold Stevie Award in the “Best Entrepreneur – Real Estate” category. This marks the most recent of multiple recent award wins that the company has received at both the organizational and executive levels, signaling its ongoing excellence, innovation, and contribution to the evolving landscape of technology and real estate.

McGee was also named a Bronze winner in the “Achievement in Growth” category by the International Business Awards. Nobul was also honored in the “Company of the Year – Real Estate – Small” category as a Bronze award recipient. The International Business Awards are open to all organizations worldwide and include categories that honor accomplishments in all aspects of business.

“I am honored to be recognized by the International Business Awards at both a personal and corporate level,” said Regan McGee, CEO and Founder of Nobul. “Every award Nobul receives validates our vision and inspires our team to continue providing a platform that brings radical transparency and empowerment to both the buyer and seller sides of the consumer experience in real estate. We would like to thank the organization for acknowledging us in this way and are excited to infuse this positive momentum back into the business.”

The International Business Awards committee honored McGee for his deep industry knowledge, tech expertise, and innovative leadership. Having created the industry’s first consumer-centric, AI-powered agent matching marketplace, McGee and his team effectively disrupted the multi-trillion dollar North American real estate market and flipped the power structure in favor of the consumer for what is likely one of the largest and most important financial transactions of their lives. Nobul received a corporate award in recognition of its ongoing successes, product and market expansion, and capacity to reimagine the residential real estate transaction in the post-pandemic era while making homeownership a more accessible reality for thousands of individuals in the United States and Canada.

“We are pleased to congratulate Regan McGee and Nobul for this cross-category sweep,” said Maggie Miller, President of the Stevie Awards. “The judges were highly impressed with the innovation and impact that’s been exhibited by Nobul’s consumer-centric digital marketplace over the past year, particularly in terms of how it is addressing long-standing, crucial gaps in the real estate experience. Winners were selected from more than 3,700 nominations submitted by organizations in 67 nations.”

To date, Nobul has helped facilitate billions of dollars in residential real estate sales across 100+ markets throughout the United States and Canada, including Delaware, Florida, Georgia, Louisiana, Maine, Massachusetts, Missouri, North Carolina, North Dakota, South Carolina, and Texas.

As the only PropTech platform of its kind, Nobul’s AI-driven agent matching algorithm arms home buyers and sellers with instant insights into the top local real estate agents in their areas who want to compete for their business. By aggregating comprehensive background data for agents (including commission, track record, transaction history and overall service offerings) automatically in one place, Nobul offers unprecedented transparency, choice, and control when it comes to buying or selling a home in these new markets across America and Canada. With no upfront risk or cost to agents, the platform also serves as an active, complimentary pipeline generator — ripe with qualified referrals, open communication, and transparent competition. As the first best step in the real estate experience, Nobul helps achieve favorable outcomes and profitable transactions for homebuyers, sellers, brokers, and agents alike.

ABOUT NOBUL

Nobul Technologies (www.nobul.com) is the world’s only open digital consumer-centric marketplace connecting home buyers and sellers to the best real estate agent for them. Nobul’s platform enables buyers and sellers to easily access real estate agents’ transaction histories, pricing, services offered, and genuine reviews from people who have actually used them. The platform brings transparency, choice, accountability and simplicity to the real estate industry through powerful innovative technology supported by real people who truly care. To date, Nobul has achieved billions of dollars in sales across more than 100 markets throughout North America, including Canada, Texas, Florida, and Georgia. The company has won many prestigious awards including the CNBC Upstart 100 Award and has crossed over $5,000,000,000 (five billion dollars) in completed sales, since its inception. For more information, please visit www.nobul.com.

Contacts

Nicole Rodrigues

NRPR Group for Nobul

nicole@nrprgroup.com

LONDON–(BUSINESS WIRE)–#ElectricalServices–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with over $50 billion of equity capital under management, is pleased to announce that one of its affiliates has acquired CPS Building Services Limited (“CPS” or the “Company”), a leading UK provider of mechanical and electrical (M&E) services, from its founder. CPS’ current MD, Liam Connelly, will reinvest alongside H.I.G. The financial terms of the transaction have not been disclosed.

CPS provides installation and maintenance services across heating, cooling, ventilation and electrical systems to clients in the healthcare, life sciences, defence and education end-markets. The business has developed a strong reputation for high-quality service provision in its East Anglia home market. H.I.G., together with the management team, aims to continue CPS’ track record of organic growth with a particular focus on growing its electrical and maintenance offerings. The existing management team of CPS will remain in place.

H.I.G. intends to use CPS to form the core of a wider technical building services group by acquiring businesses active in fire protection, water and pumps, lifts maintenance, access and security, and associated compliance services. H.I.G. is partnering in this effort with Jonathan Simpson-Dent who will take the role of executive chairman of the group. Several active acquisition discussions are currently underway.

Liam Connelly remarked, “This is an exciting new chapter and testament to the commitment of the team to serving our clients and building the CPS business. Together with H.I.G., our joint vision will create a unique range of essential building services and expertise that will benefit our clients.”

Jonathan Simpson-Dent said, “Liam and his team have built a very impressive business at CPS, one that is focused on delivering quality service to its customers and has an unparalleled reputation in its local market. I’m excited to be working with Liam on the next phase of growth at CPS and driving expansion into associated service lines through M&A to create a one-stop shop for customers of technical building services.”

John Harper, Head of the H.I.G. Europe Lower Middle Market LBO team in London, said, “We are very excited to be partnering with Liam, Jonathan and the CPS team to build on the Company’s track-record of success. CPS’ reputation for exceptional service and high-quality delivery has stood out to us since our first meeting with the Company. We look forward to working with the Company to acquire additional technical building services offerings to complement CPS by leveraging H.I.G.’s deep M&A expertise.”

About CPS

CPS is a dynamic and innovative M&E provider based in Cambridgeshire. The business is focused on delivering high quality installations and maintenance to customers centred around the values of innovation, teamwork and community. For more details see www.cpsbuildingservices.co.uk/.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with over $50 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

John Harper

Managing Director

jharper@higcapital.com

H.I.G. Capital

10 Grosvenor Street

London W1K 4QB

United Kingdom

P +44 (0) 207 318 5700

F +44 (0) 207 318 5749

www.higcapital.com

Wreno’s end-to-end proptech solution aims to solve labor supply issues in home evaluation, renovation, and maintenance trades.

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–#PropTech—Wreno, a cutting-edge proptech platform that trains and connects workers and trade partners with institutional real estate companies, today announced that it has raised $5 million in seed funding led by Lerer Hippeau with participation from Fifth Wall, Owl Ventures, NFX, among others. The round’s angel participation also includes senior management from top single-family home institutions, as well as founders such as Vikas Choudhary from Porter and Alexey Dubov and Sam Ruben from Mighty Buildings. The company has raised a total of $6.1 million to date.

This investment will allow the company to continue to scale into new markets across the US, leverage new technologies, develop new service offerings for customers, and further enhance the platform’s existing machine learning capabilities.

Wreno was founded in 2021 by Charlotte Schell and Mark Barton, two former Zillow employees with extensive experience in business and real estate. Currently based in Arizona, the company works with some of the country’s largest institutional real estate companies across five states already, connecting them with skilled workers and trade partners to help maintain, repair, renovate, and evaluate tens of thousands of homes.

Currently, the US repair and maintenance workforce is declining at an unprecedented rate, despite the fact that by 2030 the top ten institutional homeowners alone are expected to spend $3.2 billion dollars a year on renovation, routine maintenance, and home evaluations. The shortage of the workforce has resulted in costly delays and unfulfilled projects, representing a significant pain point for institutional homeowners.

Wreno is addressing this underserved market by skilling new labor supply and leveraging machine learning along with end-to-end software solutions to provide faster and more accurate home evaluations and data collection at scale. The platform also optimizes fragmented local trade businesses to provide adjacent repair, maintenance, and renovation services.

“The average US home is 37 years old today. With an aging workforce, the labor supply in this industry shrunk by 38% since 2018. As a result, every 1 out of 3 jobs in home maintenance and management are getting delayed. It was clear to us that increasing utilization of existing workers and skilled trades is no longer enough,” says Wreno co-founder Charlotte Schell. “With a unique business model, we are opening previously inaccessible job opportunities to fresh labor supply, while also utilizing technology to allow more people to complete tasks that would normally be considered ‘skilled’ or ‘semi-skilled.’ We are the first technology company that tackles this societal issue from the root.”

“The rapidly-growing iBuyer, REIT, and proptech markets have been constrained by labor. Wreno’s end-to-end platform opens up labor supply for those companies while bringing efficiencies and improved customer experience to the market,” says Isabelle Phelps, Partner at Lerer Hippeau. “Wreno upskills gig workers and uses technology to provide faster and better estimations and services, pulling together the right mix of software and vendors to support repair and maintenance for businesses at scale.”

About Wreno

Wreno is an end-to-end home evaluation and maintenance service platform for iBuyers, REITs, and prop tech companies. Using the latest in ML and computer vision, Wreno upskills gig workers to provide faster and more accurate home estimations and data collection at scale, while also optimizing fragmented local trade businesses to provide much needed repair and maintenance services. Wreno’s full suite of technology also allows real estate companies to more efficiently recruit, onboard, train, and deploy their own internal home evaluation professionals and vendors at scale. www.wreno.io

About Lerer Hippeau

Lerer Hippeau is an early-stage venture capital fund based in New York City. The firm’s portfolio contains more than 350 leading consumer and enterprise companies, including Guideline, MIRROR, Blockdaemon, K Health, Allbirds, ZenBusiness, and Thrive, among others. The Lerer Hippeau team is made up of experienced operators who invest early and stay in founders’ corners forever. https://www.lererhippeau.com/

Contacts

Charlotte Schell

650.308.8083 | charlotte@wreno.io

RICHMOND, British Columbia–(BUSINESS WIRE)–Fine Choice Foods, a market-leading producer of quality Asian-inspired foods, announced the opening of its second manufacturing facility, also located in Richmond, with a recent in-person celebration. The event included remarks from Honourable Lana Popham, BC Minister of Agriculture and Food; Mayor Malcolm Brodie, Mayor of the City of Richmond, BC; and Jason Longden, CEO of Fine Choice Foods. The new facility will produce spring rolls equal to the length of more than 700 football fields on a weekly basis, creating more than 70 new jobs as part of the company’s continued growth.

“The local food system is a critical economic driver and we’re pleased to be able to support Fine Choice Food and the opportunities they are providing for the residents of British Columbia,” said Honourable Lana Popham, BC Minister of Agriculture and Food. “By using 3.5 million lbs of locally grown vegetables each year, along with a number of other regionally sourced products, the company’s support for this community and its farmers benefits everyone as they continue to expand their presence in both Canada and the United States.”

The new facility, an existing warehouse transformed into a 50,000-square-foot, state-of-the-art CFIA federally approved food processing facility, signifies a meaningful financial investment in Fine Choice Foods’ infrastructure, immediately creating significant value for local farmers and suppliers as well as valuable jobs for British Columbians during a challenging economic environment.

“The impact of this expansion is tremendous and we’re extremely proud to support the growth of Fine Choice Foods,” said Mayor Malcolm Brodie, Mayor of the City of Richmond. “The creation of more than 70 new jobs creates a significant economic impact in the region we believe will continue to grow, and we’re honored to be part of it.”

The event featured traditional Chinese lion dancing, a tour of the new facility, an official ribbon cutting, and samples of SUMM! products, including spring rolls, dumplings, and apple pie rolls.

“The opening of this new facility is an important milestone for Fine Choice Foods and critical to our continued success,” said Jason Longden, CEO of Fine Choice Foods. “We’re extremely proud of our growth over the past several decades and more importantly, proud to be able to honor the legacy of the Lui family and the SUMM! brand they created more than 30 years ago.”

About Fine Choice Foods

Located in Richmond, BC, Fine Choice Foods is a market-leading producer of quality Asian-inspired foods for the North American market. Founded by the Lui family in 1986, Fine Choice Foods specializes in spring rolls, gyoza dumplings, and the original apple pie roll under the SUMM! brand. Starting as a small store on Cambie Street in Vancouver employing three people, the company has grown to a staff of more than 350, serving consumers throughout Canada and parts of the United States from two state-of-the-art facilities. For more information, please visit www.SUMMFOODS.com.

Contacts

Jeremy Milner

BackBay Communications

(401) 862-9422

jeremy.milner@backbaycommunications.com

VANCOUVER, British Columbia–(BUSINESS WIRE)–Keltic Canada Development (Keltic) is proud to announce it will be breaking ground on its newest health-innovation project. Building off recent and successful landmark projects like The Paramount in Richmond, Keltic is proud to team-up with Masimo, a leading global medical innovator with a history of breakthroughs in healthcare technology. Together, they are excited to announce their plans for the new multi-level facility.

The project site, located at 220 Prior Street, is on the northwest corner of the future St. Paul’s Hospital site. Previously, the site was occupied by a warehouse built in 1945, which was owned by European Specialty’s Importer Ltd. between 1957 and 2017. Located on the shoreline of the eastern half of the false creek, this point of intersection has historical significance and is considered a buoy. This innovative project will be the first building in the Healthcare Precinct in the FLATS district. The property* is 100,000 square feet and will feature clinical research, product development, and retail spaces.

With a focus on developing solutions to the most challenging issues in healthcare, Masimo is the ideal fit for this project that will become a cornerstone of research and innovation in B.C. and Canada.

“We’re proud to see that our reputation as a leader in the life sciences sector has helped lead Masimo to expand their operations in B.C.,” said Ravi Kahlon, Minister of Jobs, Economic Recovery and Innovation. “Our StrongerBC Economic Plan is focused on preparing British Columbians for the careers of the future – including the 170 good-paying jobs Masimo is announcing here today.”

“Our team is thrilled to finally be breaking ground. We are excited to work with Masimo and to be a part of such a positive project for the medical industry in Vancouver,” remarked Rachel Li Lei, Managing Director, CEO Keltic Canada Development. “We are committed to strengthening and providing Canadians with facilities that promote a healthy standard of living within their communities.”

For more information on Keltic, visit www.kelticdevelopment.com.

About Keltic Canada Development

Keltic is a Canadian-owned, diversified real estate development company, headquartered in Vancouver B.C. Their numerous projects include residential, industrial, and mixed-use developments. Keltic is supported by its solid financial strength and world-class management team, with a clear focus on long-term strategic growth in Greater Vancouver, B.C.

*Renderings of the 9-storey building are available upon request.

Contacts

Media
Max Jakubke

PUBLiSH Partners

778-772-7336

max@publishpartners.co

Bold, calming blue-green hue represents consumers’ desire for stability in uncertain world

TORONTO–(BUSINESS WIRE)–As the outside world grapples with rising uncertainty, Canadians are yearning for increased serenity and stability inside their homes. This trend has spurred SICO™ paint brand by PPG to select Melt Water (6156-63) – a grounded, refreshing teal that combines the healing powers of water and nature with balance and tranquility – as its 2023 Colour of the Year.

Melt Water is a robust and refined bluish-greenish tone that intertwines bold blue and calming green to create a captivating colour symbolic of deep water. Its adaptable blue-jeweled hue sets a soothing, serene mood in spaces, while its emerald nuances evoke feelings of equilibrium. Paired together, these two undertones create an ultra-rich, uber-trendy colour that blends well with contemporary designs or adds a refined pop of colour to traditional decor.

“On the other side of the pandemic, people are looking for a mental reset and want to infuse their homes with invigorating colours that help give them a boost as well as refuge in today’s unpredictable world,” said Martin Fuchs, PPG senior marketing manager, Sico paint brand. “Melt Water accomplishes just that with its energizing yet grounding vibe. It’s symbolic of a newfound outlook and works exceptionally well in any space – both interior and exterior.”

To incorporate trending teal into the home, Sico paint brand offers these tips:

• Paint Melt Water on all four walls, paired with deeper-toned woods and off-white trim.
• For a more luxurious feel, Melt Water can go glam when accessorized with golden accents and bright white trim.
• Enjoy the understated elegance of a teal accent wall or serve up a statement by featuring Melt Water on kitchen cabinetry.
• Even the most modest spaces can benefit from the teal treatment. If short on square footage but big on style, use this rich hue as a bold contrast to a neutral palette, making a petite room feel plush.
• As an exterior, use a blue-green hue to punctuate a home’s personality, adding immediate curb appeal when featured on a front door.

Among the other popular 2023 colours unveiled by Sico paint brand are equally bold and soothing deep greenish-gray, forest green, muted terracotta and coppery brown hues. The brand’s Ancient Lava (6208-73), Boreal Forest (6167-83), Brown Tobacco (6189-52) and Faux Leather (6068-83) all pair beautifully with Melt Water.

All of Sico paint brand’s 2023 colours are one-coat paint colours available in recently introduced SICO PRESTIGE™ paint, which Fuchs described as one of the brand’s best paints ever. The breakthrough, ultra-resilient interior paint-plus-primer is designed to maximize colour and quality while minimizing the effort required to apply and maintain the paint. The palette is also available in one-coat protection Sico Super Premium Exterior paint.

To find Melt Water and the rest of the 2023 trends colours at a nearby store, visit sico.ca. Consumers can try out the new colours in advance on a photo of their own home by using Sico paint brand’s online Deco Colour Lab® and see the transformation in just a few clicks.

Since 1937, the Sico paint brand has provided Canadian do-it-yourself consumers with a complete line of high-quality interior and exterior paints. The brand is recognized as the market leader and can be found on the shelves of more than 1,300 retailers, including Rona, Lowe’s, Kent and other premium paint retailers.

PPG’s architectural coatings business in the U.S. and Canada is an industry leader in residential and commercial coatings, delivering the latest technologies and operational advancements through its strong portfolio of brands. It manufactures and sells interior and exterior paints, stains, caulks, repair products, adhesives and sealants for homeowners and professionals. Its distribution network includes more than 15,000 touchpoints through company-owned stores, independent dealer locations and major home improvement centers across the U.S. and Canada. For more information, visit www.ppgpaints.com.

PPG: WE PROTECT AND BEAUTIFY THE WORLD®

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial, and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.

Sico and Sico Prestige are trademarks of PPG Architectural Finishes, Inc.

CATEGORY Architectural Coatings Americas and Asia Pacific

Contacts

Kaitlyn Craig

PPG Architectural Coatings

1-412-377-7456

kcraig@ppg.com

Gail Bergman

GBPR

1-905-886-1340

gbergman@gailbergmanpr.com
www.sico.ca

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Westphalia Dev. Corp. (the “Corporation”) announced today its results for the second quarter ended June 30, 2022. The Corporation was formed in March 2012, for the development of a 310-acre Westphalia property located in Prince George’s County, Maryland, United States.

Development and Sales

The key development and sales activities of the Corporation in the second quarter ending June 30, 2022, were:

• The re-planning of the Westphalia Town Center to reduce the retail and office scope to obtain more residential units is underway led by the Corporation. Collaboration with elected officials is taking place along with a revision of the Conceptual Site Plan and Preliminary Plan of the subdivision that will also involve submitting a Detailed Site Plan for a retail and mixed-use portion of the development.

• Major infrastructure development is continuing including roads, storm water and sewer utilities leading into and through the Master Plan using tax increment financing (“TIF”) which is fully funded and scheduled to be complete by Q4 2022/Q1 2023.

• A planning effort has been initiated aimed at revising the Preliminary Plat and Conceptual Development Plan that will take place throughout the remainder of this year and into 2023, ahead of closing on pending sales transactions with the developer of the proposed last mile distribution buildings.

• The Corporation is continuing to engage in discussions with numerous prospective builders, retail brokers and developers regarding the purchase of fully engineered lots with the goal to adhere to the business plan modification. Final commitments will be deferred until the plan has been advanced through the regulatory process and is closer to approval.

• The Westphalia Town Center re-planning is in process to incorporate more residential units alongside retail space to accommodate growth in the area. A cohesive mixed-use plan for the retail core of the Master Plan is underway to complement the planned industrial space in the westernmost parcels. Engineering plans began in Q2 2022, ahead of application submittals to regulatory and County agencies that will begin in the Q3 2022.

Financial Results

• Operating expenses for this quarter remained consistent with Q1 2022.

• In January 2022, the Corporation secured a US$3.6 million operating expense loan from its lender, WWMN, LLC. After the end of the first quarter 2022, the senior loan, including the January 2022 operating expense advance, was re-negotiated with WWMN, LLC, for an aggregate loan amount of US$44.5 million with a maturity date of June 30, 2023, with the option to extend an additional year.

The Corporation’s financial statements and management’s discussion and analysis for the second quarter ended June 30, 2022, are available under the Corporation’s SEDAR profile at www.sedar.com.

Additional Information

The Corporation is managed by Walton Global Investments Ltd. (“Walton Global”) and the development of the project is managed by Walton Development & Management (USA), Inc., both of which are members of the Walton group of companies (“Walton”).

Walton Global is a privately-owned, leading land asset management and global real estate investment company that concentrates on the research, acquisition, administration, planning, and development of land. With more than 43 years of experience, Walton has a proven track record of administering land investment projects within the fastest growing metropolitan areas in North America. The company manages and administers US$3.6 billion in assets on behalf of its global investors located in 73 countries, builders and developers and industry partners. Walton has more than 91,000 acres of land under ownership, management and administration in the United States and Canada with business lines ranging from exit-focused pre-development land investments, land financing programs and build-to-rent. For more information visit walton.com.

# # #

This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This news release contains forward looking information, and actual future results may differ from what is disclosed in this news release. Forward-looking information is based on the current expectations, estimates and projections of the Corporation at the time the statements are made. They involve a number of known and unknown risks and uncertainties which would cause actual results or events to differ materially from those presently anticipated. The risks, uncertainties and other factors that could cause the Corporation’s actual results and performance in future periods to differ materially from the forward looking information contained in this news release include, among other things, the development of Westphalia Town Center, general economic and market factors, including interest rates, a decline in the real estate market, changes in government policies and regulations or in tax laws, changes in municipal planning strategies and whether certain development approvals are obtained and changes in the Canadian/U.S. dollar exchange rate, in addition to those factors discussed or referenced in documents filed with Canadian securities regulatory authorities and available online at www.sedar.com.

Except as otherwise noted, all amounts are in Canadian dollars, and are based on unaudited condensed interim consolidated financial statements for the three months ended June 30, 2022, and related notes, prepared in accordance with International Financial Reporting Standards.

Contacts

MEDIA CONTACT:
Allison + Partners

waltonglobal@allisonpr.com