TORONTO–(BUSINESS WIRE)–Adastra, a global leader in AI and machine learning, is proud to announce that it has been awarded a $1.1-million investment from SCALE AI to support a supply chain optimization platform project for their partner Taiga Building Products.

SCALE AI is Canada’s supercluster dedicated to strengthening the country’s leadership role in the fields of artificial intelligence and data science. This is the second project SCALE AI has funded for Adastra this year, after their investment of $1-million into developing a smart platform to optimize agricultural yield in April 2022.

”By using AI to enable data-driven decisions on these critical elements of Taiga’s supply chain there will be a direct impact to the consumer with available inventory, lower costs, and a wider variety of products,” says Darren Edery, CEO, Adastra. “One of Taiga’s retail customers will participate in the project and provide real-time data that will be integrated into Taiga’s ‘just-in-time’ inventory model to create tangible impact along the building materials supply chain.”

Adastra saw a need for the project due to the fragmented nature of the building materials supply chain. The overall goal of this initiative is to use data inputs that are readily available in disparate systems and use advanced AI techniques to solve three of the most pressing bottlenecks in the building materials supply chain: accurate demand forecasting, maximizing truck loads, and optimizing warehouse layouts.

“Taiga sees the use of technology, specifically machine learning/artificial intelligence technology at the retail level to be a meaningful advancement for our customers,” says Hanif Jessani, Director, IT, Taiga Building Products. “The promotion of these tools will increase revenue for our customers and improve the overall value chain in the LBM space.”

In 2021, Adastra was awarded a Microsoft Impact Award in artificial intelligence. These annual awards recognize Microsoft partners that have focused on bettering the lives of Canadians and demonstrated excellence in sales, marketing, skilling, innovation, and implementation of customer solutions based on Microsoft technology. Coupled with their two projects funded by SCALE AI, Adastra is quickly becoming a leader in helping organizations address complex supply chain issues with artificial intelligence and machine learning. Their proven solutions in the space have been unlocking value for organizations and their clients.

Contact us to find out how Adastra can help your organization on your AI/ML journey.

About Adastra

Adastra transforms businesses into digital leaders. Since 2000, Adastra has been helping global organizations accelerate innovation, improve operational excellence, and create unforgettable customer experiences, all with the power of their data. By providing industry-leading Artificial Intelligence, Cloud, Digital, and Governance services and solutions, Adastra helps enterprises leverage data that they can manage and trust, connecting them to their customers – and their customers to the world. We have a proven track record of delivering enterprise-grade solutions to Fortune 1000 and SME organizations across all industries. More information can be found at www.adastracorp.com.

Contacts

Claire Elder, Corporate Communications, 1-647-308-8952

claire.elder@adastragrp.com

MANHATTAN BEACH, Calif.–(BUSINESS WIRE)–dataplor started in 2017 with a mission to map the local businesses of Mexico. Having rapidly expanded in the past year and on track to triple annual revenue, the company’s data now covers 100 countries and 150 million POIs.

For businesses looking to expand abroad, data on local commerce in developing markets uncovers untapped opportunity. Highly accurate and comprehensive POI data is helping the world’s largest companies inform site selection, increase efficiency, better target customers, and identify international markets ripe for new entrants.

dataplor plans to extend coverage to 150 countries by the end of 2022 to continue providing customers with accurate POI data in developing economies. While pursuing growth, the firm remains committed to maintaining accuracy across all of its locations.

dataplor has been able to grow in an industry with entrenched competitors because it goes several steps further than others to verify the accuracy of data abroad — in markets where the data peddled is often full of errors.

Expanding coverage and data accuracy across the globe

Since March 2022, dataplor has doubled its total count of POIs, and its coverage has increased from 10 countries in Q2 2021 to 100 countries today, spanning Latin America, Asia, Europe, the Middle East, and Africa. The world’s largest tech, CPG, and financial services companies rely on the data company to understand global markets.

The leading factor behind dataplor’s swift growth is its multi-step data collection and verification process. By working with local experts to vet geospatial data, the firm closes gaps in machine errors with boots-on-the-ground verification to ensure its numbers truly reflect local businesses, which are always changing. This dynamic accuracy gives dataplor’s intelligence an edge over rivals who have accurate information for developed economies like the US but haven’t done the legwork to understand poorly mapped business geographies in, say, India or Brazil.

Tracking places attributes such as storefronts, industry types, and business hours, dataplor paints a picture of hyperlocal economies to reveal broader trends. POI data can uncover holes in local brick-and-mortar economies, highlighting regions, for example, where retailers or CPGs can increase sales and marketing efforts. POI data also reveals which chains and brands are growing or receding in certain areas, informing site selection.

With data still scant in many nations, dataplor plans to expand further to provide its customers the information they need country by country. And the company will deploy not just AI and ML for data collection and verification but also local experts to ensure it maintains its precision with each additional market.

Tempering growth with conscientious upkeep

For a data intelligence firm dealing in local business information, keeping records up to date is a never-ending pursuit. From zip code changes to storefront closures, the work of maintaining accurate information in diverse markets continues.

As a sign of the company’s commitment to ensuring accuracy while pursuing growth, dataplor has increased its core team by 30%.

Dedicated to maintaining the infrastructure needed to ensure accuracy across locations old and new, dataplor is putting businesses on the map in international markets and lighting the way for companies looking to establish themselves abroad.

Contacts

dataplor

Geoffrey Michener

+1 202-643-6338

contact@dataplor.com

TORONTO–(BUSINESS WIRE)–Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that its Board of Trustees has declared the REIT’s monthly cash distribution for the months of September, October and November 2022 as per the following schedule:

Month	Record Date	Distribution Date	Distribution Amount
September, 2022	September 30, 2022	October 17, 2022	$0.034375
October, 2022	October 31, 2022	November 15, 2022	$0.034375
November, 2022	November 30, 2022	December 15, 2022	$0.034375

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France, Germany and Spain but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

Contacts

David Giraud, Chief Executive Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3323

david.giraud@inovalis.com

Khalil Hankach, Chief Financial Officer
Inovalis Real Estate Investment Trust

+33 1 5643 3313

khalil.hankach@inovalis.com

CANSO, Nova Scotia–(BUSINESS WIRE)–Today, Maritime Launch Services (Nova Scotia) Ltd. (NEO: MAXQ) is pleased to announce that the Company has signed a crown land lease with the Province of Nova Scotia for land to develop and operate Spaceport Nova Scotia.

The Company is leasing approximately 334.5 acres of crown land near the rural communities of Canso, Little Dover and Hazel Hill.

“Acquiring the land lease is a huge milestone for Maritime Launch and the development of Spaceport Nova Scotia,” says Stephen Matier, President and CEO, Maritime Launch Services. “This land lease cements Nova Scotia’s place as a leader in Canada’s growing space industry. We’re excited to build Spaceport Nova Scotia, but even more excited to build our team in Canso, Hazel Hill, and Little Dover, creating good jobs in the growing space sector”.

The lease granted by the Province of Nova Scotia is a 20-year term with an option to renew for another 20 years, should the Company comply with the terms and conditions outlined in the lease. The purpose of the lease is to use the Crown Lands for the development of a private commercial space launch site consisting of a horizontal integration facility, launch pad, and related infrastructure to support launch activities.

About Maritime Launch Services

Maritime Launch is a Canadian-owned commercial space company based in Nova Scotia. Maritime Launch is developing Spaceport Nova Scotia, a launch site that will provide satellite delivery services to clients in support of the growing commercial space transportation industry over a wide range of inclinations. The development of this facility will allow for medium class launch vehicles to place their satellites into low-earth orbit. This will be the first commercial orbital launch complex in Canada.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.

Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the timing of spaceport construction and ability to launch medium class vehicles.

Forward-looking statements in this news release are based on certain assumptions and expected future events, namely: the Company’s ability to continue as a going concern; the Company’s ability to continue to develop revenue-generating applications; continued approval of the Company’s activities by the relevant governmental and/or regulatory authorities; the continued growth of the Company; the Company’s ability to finance its operations until profitability can be achieved and sustained..

These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company’s operations; the inability of the Company to provide the enumerated services; and availability of launch vehicles.

Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.

Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

Contacts

Maritime Launch Services
Sarah McLean, Vice President of Communications and Corporate Affairs

sarah.mclean@maritimelaunch.com
www.maritimelaunch.com
902.402.6947

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U) (“Dream Residential REIT” or the “REIT”) today announced its August 2022 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The August distribution will be payable on September 15, 2022 to unitholders of record as at August 31, 2022.

About Dream Residential REIT

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

Dream Residential REIT

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

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (TSX:DRM) announced today that its board of directors has approved the payment of a quarterly cash dividend of $0.10 per Class A Subordinate Voting Share and Class B Common Share payable on September 30, 2022 to shareholders of record on September 15, 2022.

The dividends are designated as eligible dividends for the purposes of section 89 of the Income Tax Act (Canada).

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.

Contacts

Dream Unlimited Corp.
Deb Starkman

Chief Financial Officer

(416) 365-4124

dstarkman@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its August 2022 monthly distribution of 8.333 cents per REIT Unit, Series A ($1.00 annualized). The August distribution will be payable on September 15, 2022 to unitholders of record as at August 31, 2022.

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

Edmonton retailer wins $2,500 in facility products and services from Cintas

MISSISSAUGA, Ontario–(BUSINESS WIRE)–Today Cintas Canada, Ltd. crowned Majesty and Friends in Edmonton, Alberta, the winner of the 2022 Canada’s Best Restroom contest! Majesty and Friends will receive $2,500 in Cintas products and services to help maintain their award-winning washrooms. The washrooms will also be honoured with a place in the Canada’s Best Restroom^® Hall of Fame.

Now in its 13^th year, Cintas’ nationwide contest highlights businesses that have invested in developing and maintaining exceptional washrooms that are accessible to the public.

“We’re so honoured to win the coveted title of Canada’s Best Restroom,” said Julie Morrison, owner, Majesty and Friends. “When we opened this location last year, I put all my savings into it to make our shop a truly memorable and fun destination for our community. I’m so grateful to Cintas for highlighting our business, and to the Edmonton community and our customers for their overwhelming support.”

Majesty and Friends is a modern design boutique. Their motto is “FUN, FUN, FUN,” so their washroom needed to offer the happiest vibes. The bright mural was inspired by the happiest treat on earth – ice cream. The flooring is Atra Flooring from Liverpool, and the sprinkles are made by Urban Walls. Their building at Manchester square is the biggest Instagrammable spot in Edmonton. Pink toilet paper and a cherry brush? Yes, please! With sprinkles!

“The state of the washroom can have an enduring effect on a guest’s perception of a business,” said Candice Raynsford, Marketing Manager, Cintas Canada. “Providing a facility that is clean and inviting takes the customer experience to the next level. Guests recognize this, and in Majesty and Friends’ case, customers have shown their appreciation by voting them this year’s Canada’s Best Restroom.”

Majesty and Friends promoted the contest on their Instagram page. They uploaded a reminder to their stories every second day and changed the website link in their profile to link to the Best Restroom voting page. They also promoted the contest on Twitter and Facebook. Finally, they created a QR code with a link to the Best Restroom website and posted it in the restroom, on the door and at the front counter. They also posted the QR code at other local businesses.

Nominees for this year’s contest were judged on five criteria: cleanliness, visual appeal, innovation, functionality and unique design elements. Online voting was open to the public June 6 through July 8. The other finalists (in alphabetical order) include:

• Niton Junction Petro-Canada (Niton Junction, Alberta)
• Rollick Co. (Black Diamond, Alberta)
• Toronto Zoo – African Rainforest Washroom (Toronto, ON)
• Versante Hotel (Richmond, B.C.)

For contest updates, fun facts and washroom trivia, “Like” Canada’s Best Restroom on Facebook at www.Facebook.com/CanadasBestRestroom.

For more information about the Canada’s Best Restroom contest or to receive a copy of the contest rules, contact Christina Alvarez at calvarez@mulberrymc.com or 708-908-0898.

About Cintas Canada, Ltd.

Cintas Canada Ltd, with headquarters in Mississauga, Ontario, is a subsidiary of Cintas Corporation. Cintas helps more than 55,000 Canadian businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, Cintas helps customers get Ready for the Workday^®. Cintas is a publicly held company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of the Standard & Poor’s 500 Index.

Contacts

Christina Alvarez

Mulberry Marketing Communications

708-908-0898

calvarez@mulberrymc.com

Partner Product Integration Will Provide a Procure-to-Pay Automated Solution for Construction Companies Using Procore

EDMONTON, Alberta–(BUSINESS WIRE)–QuoteToMe, a leading provider of procure-to-pay automation software, today announced a new partnership with Procore (NYSE:PCOR), a leading global provider of construction management software. QuoteToMe’s integration with Procore will help increase efficiency for contractor businesses looking to improve their procurement processes.

Construction is a $10T/year global industry, over $1T is spent on materials and equipment in the US and Canada alone. Due to an inefficient incumbent procure-pay workflow, the result is billions of dollars of waste on project overspend and re-work. The construction industry standard for procure-pay workflows includes manual non-centralized communication (phone, text, email) between project teams and suppliers, many paper-based processes, and little to no visibility between contractor departments (field, office and accounting).

Using QuoteToMe’s end-to-end platform consistently saves contractor field and office teams 75% of the time spent to source goods and process purchase orders (POs) and creates up to 15% cost savings on materials and equipment.

The integration between QuoteToMe and Procore helps effectively eliminate data entry and frees time for project managers and site supervisors. Using the QuoteToMe app, field and office users will have the ability to create purchase orders from their mobile devices or desktop computers that can automatically sync with Procore’s Project Financials product.

“Today, we welcome QuoteToMe to a global ecosystem of over 300 Procore App Marketplace Partners,” said Jas Saraw, VP Canada, Procore. “The seamless integration of QuoteToMe with our platform can save our customers time and money, allowing them to protect their profit margins and reduce the administrative burden of procurement.”

“Creating a seamless product experience for Procore users unlocks value for all. Our go-to-market and product strategy places a strong emphasis on integrating with leading software companies, like Procore,” said John Chabluk, QuoteToMe’s founder and CEO

QuoteToMe’s product is a fit for self-performing general and sub-contractors across all four customer segments: Emerging, Mid-Market, Major and Enterprise. Contractors’ clients annual revenue volumes ranging from $15M/year to $1B+.

The benefits of this new integration include:

• Request quotes from your preferred material and equipment suppliers, manage purchasing approvals, and enforce purchasing limits.
• Send completed purchase orders, invoices, and related documents directly to Procore.
• Create POs commitments directly from QuoteToMe’s mobile app to capture receipt-of-goods documents on-site or in the store.
• Rapid onboarding of new contractor customers.
• QuoteToMe syncs and makes Procore project, supplier, and cost code data available to users on-site or in the office through our web and mobile app.

About QuoteToMe

QuoteToMe is a technology company creating innovation for one of the biggest industries on the planet. We have re-imagined how materials, equipment, and services are sourced and paid for on construction projects by helping contractors buy better. Our mission is simple: We are digitizing the construction procure-to-pay workflow by creating a network that connects transaction stakeholders.

QuoteToMe is a privately owned company, with industry leading equity partners including: Builders VC, Blackhorn Ventures, Argonautic Ventures, Azure Capital Partners and the Stanford University Farmers Angel Investment Club. Learn more at quotetome.com

About Procore

Procore is a leading global provider of construction management software. Over 1 million projects and more than $1 trillion USD in construction volume have run on Procore’s platform. Procore’s platform connects key project stakeholders to solutions Procore has built specifically for the construction industry—for the owner, the general contractor, and the specialty contractor. Procore’s App Marketplace has a multitude of partner solutions that integrate seamlessly with Procore’s platform, giving construction professionals the freedom to connect with what works best for them. Headquartered in Carpinteria, California, Procore has offices in the United States, Canada and around the globe. Learn more at Procore.com.

Contacts

John Chabluk

QuoteToMe, Inc.

204-960-4486

jchabluk@quotetome.com

The consumer-centric digital real estate platform solidifies its place at the forefront of innovation and is recognized as standout leader in global tech by the international award competition

TORONTO–(BUSINESS WIRE)–#AwardWinner–Nobul Technologies (www.nobul.com), the consumer- centric real estate technology company that matches home buyers and sellers with the right real estate agent for their needs, is proud to announce that it has been named the Platinum winner of a dotCOMM Award in this year’s “Innovative App” category. The dotCOMM Awards are presented each year as an international competition that honors excellence in web creativity and digital communication in various categories that capture the top emerging tools, applications, and innovators in tech globally. The dotCOMM Awards program is hosted and judged by the Association of Marketing and Communication Professionals (AMCP), one of the most-recognized and highly regarded evaluators of creative work in the world. Nobul was honored as a category leader for its disruptive digital real estate marketplace and the impact it has already made on the consumer experience of buying or selling a home in North America. This year, the company experienced rapid growth, user adoption, and territorial expansion, having recently launched in Texas earlier this year.

“We’re honored to have been named the Platinum Award winner in this category, especially,” said Regan McGee, Founder, Chairman & CEO of Nobul. “Nobul is committed to innovation in everything we do, and we are proud to have had that ongoing effort recognized as a category king by AMCP. Every award Nobul wins is further validation of how this platform is changing the power dynamic in real estate relationships and emboldening the consumer in what can be one of the biggest and most intimidating transaction experiences of their lives. We were in excellent company for consideration in this category, and we would like to extend our sincere congratulations to the other nominees and winners in every category. Together, we are building a more transformative tomorrow for people across the globe.”

Nobul is the world’s only consumer-centric, open digital marketplace for buying, selling and trading residential real estate. The platform’s AI-driven agent matching algorithm empowers homebuyers and sellers with instant insights into the top local real estate agents in their areas who want to freely 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 is emboldening buyers and sellers with unprecedented transparency, choice, and control when it comes to buying or selling a home (which, for many people, is the single biggest transaction of their entire lives). 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. With Nobul, consumers can tailor the home buying or selling experience to be exactly what they want it to be by instantly matching their own values and criteria to the right agent in the right place at the right price. 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.

“We want to congratulate Nobul for being named a dotCOMM Platinum Award winner,” said Ed Dalheim, Executive Director of AMCP. “Winning companies are those whose talent and vision exceed a high standard of excellence, and whose work establishes an elevated baseline for the industry to rise to. It was evident to us that the Nobul platform is transforming how we market, communicate, connect, and transact within residential real estate — a core consumer experience that is capable of positively impacting millions of people worldwide when rooted in innovation.”

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 on Nobul, visit www.nobul.com.

Contacts

Nicole Rodrigues

NRPR Group – for Nobul

nicole@nrprgroup.com

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) or (“Dream Office REIT”, the “Trust” or “we”) announced today that the Toronto Stock Exchange (“TSX”) accepted a notice filed by Dream Office REIT to renew its prior normal course issuer bid for a one year period. Under the bid, Dream Office REIT will have the ability to purchase for cancellation up to a maximum of 3,292,287 of its REIT Units, Series A (the “REIT A Units”) (representing 10% of Dream Office REIT’s public float of 32,922,872 REIT A Units) through the facilities of the TSX. The bid will commence on August 19, 2022 and will remain in effect until the earlier of August 18, 2023 or the date on which Dream Office REIT has purchased the maximum number of REIT A Units permitted under the bid. Daily repurchases will be limited to 34,512 REIT A Units, representing 25% of the average daily trading volume of the REIT A Units on the TSX during the last six calendar months (being 138,048 REIT A Units per day), other than purchases pursuant to applicable block purchase exceptions. As of August 5, 2022, the number of issued and outstanding REIT A Units is 47,035,382.

In connection with the renewal of its normal course issuer bid, Dream Office REIT has established an automatic securities purchase plan (the “Plan”) with its designated broker to facilitate the purchase of REIT A Units under the normal course issuer bid at times when Dream Office REIT would ordinarily not be permitted to purchase its REIT A Units due to regulatory restrictions or self-imposed blackout periods. Purchases will be made by Dream Office REIT’s broker based upon the parameters prescribed by the TSX and the terms of the parties’ written agreement. Outside of such restricted or blackout periods, the REIT A Units may also be purchased in accordance with Management’s discretion. The Plan has been pre-cleared by the TSX and will terminate on August 18, 2023.

Dream Office REIT has renewed its normal course issuer bid because it believes that REIT A Units may become available during the period of the bid at prices that would make the purchase of such REIT A Units for cancellation in the best interests of Dream Office REIT and its unitholders.

Dream Office REIT’s prior normal course issuer bid for the purchase of up to 3,676,723 REIT A Units expired on March 11, 2022, the date that the Trust acquired the maximum number of REIT A Units permitted under the bid. Under this bid, Dream Office REIT purchased for cancellation 3,676,723 REIT A Units through the facilities of the Toronto Stock Exchange at an average price of $23.79 for a total cost of approximately $87.5 million.

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.

Forward-Looking Information

This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to future purchases of REIT A Units by the Trust. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Trust’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, general and local economic and business conditions; employment levels; mortgage and interest rates and regulations; the uncertainties around the timing and amount of future financings; uncertainties surrounding the COVID-19 pandemic; the effect of government restrictions on leasing and building traffic; the ability of the Trust and its tenants to access government programs; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; rental rates on future leasing; future parking revenues and interest and currency rate functions. Our objectives and forward-looking statements are based on certain assumptions, including that the general economy remains stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this press release speaks as of August 17, 2022. The Trust does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise, except as required by law. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR (www.sedar.com). These filings are also available at the Trust’s website at www.dreamofficereit.ca.

Contacts

DREAM OFFICE REAL ESTATE INVESTMENT TRUST

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

SYDNEY–(BUSINESS WIRE)–Integral Group, a global network of deep green engineers and consultants, announced they are rebranding as Introba in the coming months. Today, Integral Group operates under different names across five countries – Australia, the United Kingdom, Serbia, Canada, and the United States. By uniting as Introba, the organization will bring together its more than 1,100 employees in 31 offices, creating one of the largest building engineering and consulting firms.

Introba is committed to transforming the built environment by creating dynamic environments — living systems — that are smart, resilient, and connected. It provides a diverse range of services, including district planning, technical design, system integration, and performance optimization through digital transformation and sustainable strategies.

Integral Group’s presence in Australia spans offices in Sydney, Melbourne, and Brisbane as a result of joining forces with leading building services and sustainability practice, Umow Lai, in 2021.

As part of the larger firm, Introba, these offices will continue to employ over 200 people operating out of the Capital Cities across the East Coast of Australia. Moving forward, the exceptional quality of service provided by Integral Group will not change, and clients will now have additional access to Introba’s global resources and expertise.

Founded in 2008 by Kevin Hydes, Integral Group is a leading deep green firm accelerating the adoption of sustainable building design, moving from green and net-zero buildings towards regenerative buildings that mitigate global environmental impacts and reduce ecological degradation.

Introba will streamline the complementary efforts of similar companies from around the world including Elementa Consulting in the United Kingdom, Elementa Engineering in New York City, United States, and Ross & Baruzzini, also headquartered in the United States.

“Integral Group, with an emphasis on decarbonization and resilience, has grown into a global firm that offers complete green engineering solutions for some of the most challenging and exciting projects in the world. As one strong organization, our combined businesses will empower our employees to uplift our shared communities, promote sustainability, and create smart, resilient, and connected built environments,” says Kevin Hydes, founder of Integral Group. Hydes will continue to play a crucial part in the leadership of strategic projects and activities as a specialty consultant.

Integral Group was a founding signatory of the World Green Building Council’s Net Zero Carbon Commitment and Carbon Leadership Forum’s MEP 2040 Challenge. The firm has also worked on over 100 Net Zero Energy buildings. Notable projects include the Technology and Innovation Complex (TIC) at James Cook University, the Melbourne Veterinary School Learning and Teaching Building, and the Royal Adelaide Hospital.

“As we take the first steps to full brand integration, we build on our shared legacy across Umow Lai and our partners throughout the U.K. and U.S.,” says Integral Group President Bill Overturf. “The rebranding represents our reaffirmed dedication to providing our customers with deep technical expertise, cutting-edge innovations, and worldwide resources. Many of us have already worked together on projects, and I’m excited to see this next, natural stage of our growth. Together, we can continue to improve the quality of life for our communities while promoting unity across our company by simplifying processes and procedures for employees to collaborate throughout all our offices.”

Introba will provide a full range of design services, including mechanical, electrical, plumbing, and fire protection engineering; technology systems; security consulting; medical equipment planning; aviation baggage handling; and sustainability consulting across key sectors, including commercial, healthcare, government, education, aviation, culture, and science and technology.

The combined firm will offer new services to provide advanced technology, consulting, and deep green engineering solutions.

The collective firms will begin operating as Introba by the end of 2022.

About Integral Group

Integral Group is an international network of engineers and consultants collaborating under a single “deep green” umbrella. We are pioneers of high-performance engineering at building and district scales and leaders in crafting sustainable strategy, planning, and policy.​ Home to innovators and systems thinkers with big ideas, we help our clients protect the health of our planet with the technical experience to deliver their project goals: www.integralgroup.com

About Elementa Consulting

Elementa Consulting, a member of Integral Group, is an interactive global network of design professionals collaborating under a single deep green engineering umbrella. We provide a full range of building system design and energy analysis services, with a staff widely regarded as innovative leaders in their fields. Located in offices across the United Kingdom, Europe, North America, and Australia, our passion for sustainable design runs deep: www.elementaconsulting.com

About Ross & Baruzzini

Ross & Baruzzini delivers integrated technology, consulting, and engineering solutions for safe, sustainable, and resilient facilities. Working across various industries, its team brings specialized expertise in medical equipment planning; network and communications; physical security; digital transformation; cybersecurity; and mechanical, electrical, plumbing, and fire protection engineering. Discover where innovation is made personal at www.rossbar.com.

Contacts

Eric Emmenegger, Vice President – Global Communications & Digital Marketing

eric.emmenegger@rossbar.com | 314-391-2115