TORONTO–(BUSINESS WIRE)–Tricon Residential Inc. (“Tricon” or the “Company”) (NYSE: TCN, TSX: TCN), an owner and operator of single-family rental homes and multi-family rental apartments in the United States and Canada, provided an update today on its Environmental, Social, and Governance (“ESG”) initiatives. The Company is pleased to announce the upcoming launch of a down payment assistance program for its residents and progress on several key environmental sustainability initiatives. Tricon also released its annual ESG report, a comprehensive review of the Company’s progress towards its ESG commitments in five key priority areas: Our People, Our Residents, Our Impact, Our Governance, and Our Innovation.

“As a leader in single-family rental and a people-first company, we believe it is our duty to be a good corporate citizen and a responsible housing provider,” said Gary Berman, President & CEO of Tricon Residential. “We understand a house is not just a building or an asset, but a home. Tricon’s new industry-leading resident down payment assistance program delivers on our promise of putting our residents first and making home ownership more accessible for those who want to a buy a home. We believe housing is a continuum and that families should have viable options to rent or buy single-family homes.”

“I am also proud to share our progress on a range of environmental sustainability initiatives that are taking our ESG program to new heights, along with a comprehensive account of our 2021 performance in our annual ESG report,” Mr. Berman added. “With this year’s ESG report, we have taken a meaningful step towards expanding our ESG disclosures and metrics to better reflect the extent of our far-reaching ESG program.”

Tricon’s Market-leading Down Payment Assistance Program

Tricon is committed to providing housing options to its residents, including the ability to rent or own a home. Tricon’s market-leading down payment assistance program is a key component of Tricon Vantage, a set of tools and resources to help Tricon’s residents achieve their financial goals and enhance their long-term economic stability.

Under the program, Tricon’s single-family rental residents can qualify for assistance of $5,000 towards a down payment to buy a home of their choice, provided they have been residents of Tricon in good standing for at least five years. The program will be available to qualifying existing residents starting in the fourth quarter of 2022 and will be retroactive to the date of first move-in.

Environmental Sustainability Initiatives

Tricon is pleased to report progress on several sustainability initiatives that demonstrate a clear and dedicated action plan to create a positive long-term impact on the environment:

• Completed energy efficiency upgrades on 70% of the single-family rental portfolio
• Deploying rooftop solar across 1,175 newly constructed homes
• Piloting a Net Zero single-family rental community
• Targeting LEED Gold certification across 90% of Canadian multi-family portfolio

Details of these initiatives include:

• Sustainable Renovation Practices: Tricon focuses on a number of high impact sustainability priorities when renovating or turning each home, including: (i) assessing and replacing major mechanical systems with energy-efficient alternatives, including ENERGY STAR®-certified home appliances and energy-efficient HVAC and hot water systems, (ii) installing low-flow faucets and toilets to reduce water consumption, (iii) installing smart thermostats to allow our residents to better control energy use from the heating/cooling of their homes, and (iv) installing natural and eco-friendly materials to reduce the environmental impact of renovation activities. As of year-end 2021, Tricon has installed new appliances, HVAC systems and/or water heaters in over 20,000 homes, representing approximately 70% of its single-family rental portfolio. The combined impact of these renovations results in an estimated annual savings of over 43.5 MWh of energy and nearly 2.0 million gallons of water.

• Rooftop Solar Deployment: Tricon currently has 1,175 homes slated for construction in six build-to-rent communities throughout California that will be equipped with solar power. Upon completion, these homes will have the capacity to generate a combined 4.5 MW of clean renewable solar energy and are projected to offset 100% of a resident’s average home electricity consumption, resulting in a reduction of approximately 6,570 tons in carbon dioxide emissions per year. In addition, Tricon is piloting solar energy upgrades on select existing homes in the Southwestern U.S. and anticipates expanding this program to several hundred homes over the next year.

• Net Zero Pilot: Tricon is working in conjunction with a subsidiary of Highland Homes, HHS Residential, its largest build-to-rent partner in Texas, to design a Net Zero pilot community. This community features homes that will generate a below-zero Home Energy Rating System (HERS) Index rating, meaning the homes will be able to generate more energy than they consume over the course of a typical year, resulting in excess clean energy which can be made available for other uses such as electric vehicles and/or contribution to the power grid.

• Canadian Multi-Family LEED Certification: In Toronto, Tricon’s growing multi-family portfolio of ~4,800 suites under operation or development represents one of the most sustainable, large-scale residential development programs in North America. Over 90% of Tricon’s current development pipeline, encompassing more than 3.9 million square feet of residential space, is targeted to achieve LEED Gold certification. Tricon also proudly supports the Toronto Green Standards (TGS) program, Toronto’s sustainable design performance requirements for new developments. Over 50% of the entire portfolio is meeting or exceeding TGS Tier 2 certification requirements.

2021 ESG Report

Tricon today released its 2021 ESG report. Highlights include:

Our People

• Certified as a Great Place to Work® for the second year in a row through multiple programs that support employee well-being and engagement.
• Supported employee career goals and professional development through the launch of Tricon Academy, which enabled over 10,000 hours of leadership and technical skills training.
• Developed a Diversity, Inclusion and Belonging (“DIB”) Roadmap and formed a DIB Council to create an inclusive and respectful workplace culture, champion employee action, and measure impact.
• Hired 511 new employees in 2021, of which 61% identified as Black, Indigenous and people of color (BIPOC) and 39% identified as female.

Our Residents

• Introduced Tricon Vantage, a market-leading program aimed at providing Tricon’s residents with tools and resources to set financial goals and enhance their long-term economic stability. This includes a resident down payment assistance program, which provides qualifying residents with down payment assistance to buy a home.
• Continued to deliver an exceptional resident experience, reflected in Tricon’s 4.5-star Google rating and record-low resident turnover rate of 19.7% in 2021.

Our Impact

• Invested over $68 million in energy efficiency measures, covering nearly 70% of Tricon’s single-family rental homes.
• Launched a pilot study for net-zero homes, including solar power installations, insulation upgrades, and electric vehicle charging stations.
• Targeting LEED Gold certification across 90% of the current Canadian multi-family development portfolio, representing nearly 3.9 million square feet of residential space.

Our Governance

• Reached the Board of Directors gender diversity standards of 30% Club Canada.
• Signed onto the BlackNorth CEO initiative pledge, joining Canada’s largest businesses in this united commitment to counter systemic anti-Black racism, and met our public commitment to fostering leadership diversity.
• Completed inaugural GRESB submission and became a signatory to the United Nations-supported Principles for Responsible Investment.

Our Innovation

• Launched proprietary Innovation Lab at Tricon’s operational headquarters, focused on turning emerging technologies and resident insights into new service offerings and operational improvements.
• Expanded Intelligent Virtual Agent (IVA) technology to facilitate maintenance requests as well as leasing activities at Tricon’s centralized call center.
• Expanded TriPOD, Tricon’s proprietary customer relationship management platform, to the multi-family portfolio to enhance service delivery and operational efficiency.

Additional details about Tricon’s ESG goals and progress, and our 2021 ESG Report, can be found in the Sustainability section of Tricon’s website at www.triconresidential.com.

About Tricon Residential Inc.

Tricon Residential Inc. is an owner and operator of a growing portfolio of approximately 39,000 single-family rental homes and multi-family rental apartments in the United States and Canada with a primary focus on the U.S. Sun Belt. Our commitment to enriching the lives of our residents and local communities underpins Tricon’s culture and business philosophy. We strive to continuously improve the resident experience through our technology-enabled operating platform and innovative approach to rental housing. At Tricon Residential, we imagine a world where housing unlocks life’s potential. For more information, visit www.triconresidential.com.

*  *  *

This news release contains information regarding expected future initiatives and outcomes which reflect the Company’s current expectations and intentions but are subject to change. It also contains environmental performance metrics derived from publicly available information which the Company believes to be accurate but has not independently verified.

Resident qualification for the down payment assistance program and the details of their participation are subject to further terms and conditions established by the Company.

Contacts

Investors

Wissam Francis

EVP & Chief Financial Officer

Wojtek Nowak

Managing Director, Capital Markets

Email: investorsupport@triconresidential.com

Media

Tara Tucker

Vice President, Communications

Email: ttucker@triconresidential.com

International District Energy Association recognizes Vicinity’s growth in servicing buildings in Boston, Cambridge, and Baltimore

TORONTO–(BUSINESS WIRE)–#BOSpoli—Vicinity Energy has been recognized by the International District Energy Association (IDEA) for the growth of its services in Baltimore, Boston, and Cambridge.

The annual award highlights industry growth, recognizing the district energy systems with the largest total number of buildings and building area in square feet committed or recommitted to district energy service by IDEA member systems. In the “Number of Buildings Committed” category, Vicinity’s Boston-Cambridge system received the Gold award, and its Baltimore system received the Bronze award. The company was also recognized for “Total Building Area Committed,” with its Boston and Cambridge system and Baltimore system winning the Silver and Bronze awards, respectively.

With a commitment to achieve net zero carbon emissions by 2050, Vicinity is actively working towards electrifying its district energy systems in Boston and Cambridge, with its other districts to follow.

The company’s multi-pronged decarbonization and electrification plan includes the installation of innovative technologies such as electric boilers, industrial-scale heat pumps, and thermal batteries. As a key part of this strategy, Vicinity Energy announced the launch of eSteam™, the first-ever carbon-free energy product powered by renewable energy.

“We are honored to be recognized by the IDEA community and value the trust that our long-term and new customers have in our teams. We are excited about the opportunity to continue district energy’s long history of innovation to propel our cities towards a clean energy future,” said Brian Mueller, chief development officer for Vicinity Energy. “We are especially thrilled that the decarbonization efforts we are making at our central facility in Cambridge, Mass. will immediately affect all the buildings we serve in lowering carbon emissions in our neighborhoods and cities.”

To read more about Vicinity’s district energy systems and its commitment to innovation and the environment, click here.

About Vicinity Energy

Vicinity Energy is a clean energy company that owns and operates the nation’s most extensive portfolio of district energy systems. Vicinity produces and distributes reliable, clean steam, hot water, and chilled water to over 230 million square feet of building space nationwide. Vicinity is committed to achieving net zero carbon across its portfolio by 2050. Vicinity continuously invests in its infrastructure and the latest technologies to accelerate the transition and rapidly decarbonize commercial and institutional buildings in city centers. For more information about Vicinity’s Clean Energy Future commitment, visit www.vicinityenergy.us.

Contacts

Media
Sara DeMille

Senior Director of Marketing and Communications

857 557 7838

media@vicinityenergy.us

TORONTO–(BUSINESS WIRE)–Real Matters Inc. (“Real Matters” or the “Company”) (TSX: REAL) today announced that it has received approval from the Toronto Stock Exchange (“TSX”) to renew its Normal Course Issuer Bid for a 12-month period commencing June 13, 2022 and ending June 12, 2023 (the “NCIB”). Under the NCIB, the Company may purchase for cancellation up to 6 million common shares in its capital (being approximately 8.5% of the 70,176,108 common shares in the public float as at May 31, 2021) for an aggregate purchase price not to exceed C$40 million.

The Company believes that, at times, the prevailing share price for its common shares does not reflect its underlying value such that the purchase of common shares for cancellation represents an attractive opportunity to return value to the Company’s common shareholders.

As at May 31, 2022, the Company had 75,331,445 common shares issued and outstanding. Subject to certain prescribed exceptions, daily purchases under the NCIB will be limited to a maximum of 99,319 common shares, which is 25% of the average daily trading volume of the Company’s common shares for the six months ended May 31, 2022 (being 397,279 common shares).

Real Matters previously approved NCIB (the “Current NCIB”) commenced on June 11, 2021 and will expire on June 10, 2022, or such earlier date as the Company has acquired 7,648,999 common shares or spent C$70 million. Since commencement of the Current NCIB, Real Matters has purchased for cancellation 7,167,856 common shares through the facilities of the TSX and alternative Canadian trading systems at a weighted average price of C$8.98. Since the inception of the Company’s first NCIB on June 11, 2018, the Company has acquired a total of 19,196,965 common shares at a weighted average price of C$10.68.

Purchases under the NCIB will continue to be made through the facilities of the TSX and alternative Canadian trading systems at the prevailing market price at the time of acquisition. The actual number of common shares purchased by the Company under the NCIB and the timing of such purchases will be determined by the Company. All common shares purchased by the Company will be cancelled.

The Company has entered into an automatic share purchase plan (the “Plan”) with National Bank Financial Inc. to allow for the purchase of common shares under the NCIB at times when the Company would not ordinarily be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any purchases made under the Plan will be based on a pre-arranged set of criteria determined by the Company.

FORWARD-LOOKING INFORMATION

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws, including statements relating to the Company’s belief regarding the intrinsic value of its common shares. Words such as “could”, “forecast”, “target”, “may”, “will”, “would”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “seek”, “believe”, “likely” and “predict” and variations of such words and similar expressions are intended to identify such forward-looking information, although not all forward-looking information contains these identifying words.

The forward-looking information in this press release includes statements which reflect the current expectations of management based on information currently available to management. Although the Company believes that these expectations are reasonable, these statements by their nature involve risks and uncertainties and should not be read as a guarantee of the occurrence or timing of any future events, performance or results. A comprehensive discussion of the factors which could cause results or events to differ from current expectations can be found in the “Risk Factors” section of our Annual Information Form for the year ended September 30, 2021, which is available on SEDAR at www.sedar.com.

Readers are cautioned not to place undue reliance on the forward-looking information, which reflect our expectations only as of the date of this press release. Except as required by law, we do not undertake to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

About Real Matters

Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest insurance companies in North America. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit www.realmatters.com.

Contacts

For more information:
Lyne Beauregard

Vice President, Investor Relations and Corporate Communications

Real Matters

lbeauregard@realmatters.com
416.994.5930

– From overconfidence bias to the effects of the real estate market, new data from Billdr reveals Toronto homeowners’ renovation realities, including sentiments. –

TORONTO–(BUSINESS WIRE)–Today, Billdr, a home renovation digital platform that supports homeowners with their renovation journey from start to finish, released new data revealing how Toronto homeowners are tackling renovations. Billdr commissioned Potloc to survey Toronto homeowners (93 per cent) and soon-to-be homeowners (7 per cent). The survey found that two out of five respondents (39 per cent) have renovated rather than moved because prices on the real estate market were too high, and one out of five homeowners are drawing on their home equity as a primary source of renovation financing (22 per cent), an increasing trend seen across Canada.

“These insights are not surprising. We’re seeing more homeowners choosing to stay put, invest in their homes, and avoid moving when the market is unstable,” said Bertrand Nembot, CEO of Billdr. “Affordability is a major concern for Canadians right now, whether it’s the recent inflation battles, continued supply chain issues, or the ongoing rise of lending rates. Finding a new home that suits all your needs is becoming increasingly difficult in today’s real estate market, and renovating is one way to avoid that struggle.”

Gathered in April 2022, the study received responses from 300 individuals in the Toronto area. The data focuses on Torontonians’ reasons for renovating their home, preference for renovating over moving, their level of confidence in navigating the renovation process, how stressful they find the renovation process, and more.

The effect of the real estate market on renovations

As the market continues to remain volatile with prices still higher than in years past and limited supply available, Torontonians are carefully considering their options. While four out of ten respondents renovated because prices on the real estate market are too high, 48 per cent amongst 35-54-year-olds, other reasons to choose renovations over moving include:

• Over half (58 per cent) are likely to invest in renovating a fixer-upper to create their dream home.
• One in five (23 per cent) chose to renovate instead of buy because moving is stressful.
• One in ten (11 per cent) renovate because they find there is a lack of supply in the real estate market.

Overconfidence bias and renovations

The renovation process is complicated, tedious, and full of endless options when it comes to contractors, vendors, cosmetic choices, and beyond. However, those who have yet to do a renovation experience an overconfidence bias, with three out of five respondents (64 per cent) feeling very or fairly confident. This confidence increases amongst men while decreasing with groups that have previously completed a renovation:

• Men are more likely to say they are quite confident before completing a renovation than women (50 per cent male vs. 37 per cent female).
• Meanwhile, those who have already completed a renovation project are less confident with one out of seven (13 per cent) saying they are not very confident about undertaking this process.

Beauty is pain: the stressful side of renovations

Home renovations are identified as one of the most stressful life events people can go through, with nearly three-quarters (69 per cent) of respondents expressing that they experienced stress when completing renovations. Renovating is a lengthy process that inevitably can induce stress:

• Three out of five respondents (60 per cent) found it difficult to find a qualified and trusted contractor.
• Over a third of respondents (37 per cent) with previous renovation experience would renovate again but with the right experts. This increases amongst women (42 per cent).
• For those who have completed a renovation, they found managing their project during construction (37 per cent) and finding a general contractor (28 per cent) to be the most stressful aspects of their renovation.
• Over a quarter of respondents (27 per cent) who completed renovations in the last year found the process quite stressful.

“Homeowners need support. There is a steep learning curve when renovating a home, and without doing your due diligence, much can go wrong,” said Raphael Sammut, General Manager at Billdr. “From defining the scope of work and finding a trusted contractor to understanding where your money is going, the renovation process has many moving pieces. We’re here to make the whole process seamless and ensure homeowners don’t have to pay out of pocket to learn things the hard way.”

Billdr pairs homeowners with an in-house project manager to take on the most stressful aspects of a renovation. Alleviating key pain points, the project manager works with homeowners to translate their vision into a detailed scope of work, helps them navigate design and permitting, gathers bids from Billdr’s network of vetted contractors, and provides status updates throughout construction. Billdr is turning renovation nightmares into a homeowner’s dream.

Visit billdr.co to learn more.

About Billdr

Billdr’s mission is to make home renovations simple, transparent, and efficient for everyone. Billdr is an online market network that supports homeowners and general contractors throughout the entire home renovation process. The marketplace platform assigns a dedicated project manager that guides and supports homeowners step by step throughout their home renovation journey. Billdr covers all stages of the renovation process, from the detailed definition of the project, development and review of architectural and engineering plans, cost estimates, selection of a certified general contractor, and project management during construction until the completion of the work. For more information, visit https://billdr.co.

Contacts

Media Contact
Kayla Ciaschi

Talk Shop Media Account Director

Kayla@talkshopmedia.com

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX:D.UN) announced that, at its annual meeting of unitholders held today, all of the nominees for election as trustees of Dream Office REIT (the “REIT”) referred to in its management information circular for the meeting were elected. Votes cast on this matter were as follows:

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Amar Bhalla	34,402,547	95.36	1,674,442	4.64
Donald Charter	34,925,234	96.81	1,151,755	3.19
Michael Cooper	34,963,158	96.91	1,113,831	3.09
P. Jane Gavan	34,204,477	94.81	1,872,512	5.19
Dr. Kellie Leitch	35,564,562	98.58	512,427	1.42
Karine MacIndoe	35,805,193	99.25	271,796	0.75
Qi Tang	35,816,800	99.28	260,189	0.72

At the meeting, PricewaterhouseCoopers LLP was appointed auditor of the REIT and the REIT’s subsidiaries, and the trustees of the REIT were authorized to fix the remuneration of the auditor.

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

TORONTO–(BUSINESS WIRE)–DREAM UNLIMITED CORP. (“Dream” or the “Company”) (TSX: DRM) announced that, at its annual meeting of shareholders held today, all of the nominees for election of directors of Dream referred to in its management information circular for the meeting were elected. Votes cast on this matter were as follows:

Nominee			Votes For			% Votes For			Votes Withheld			% Votes Withheld
Michael Cooper			188,783,931			99.75			465,965			0.25
James Eaton			189,157,867			99.95			92,029			0.05
Joanne Ferstman			188,603,816			99.66			646,080			0.34
Richard Gateman			188,752,046			99.74			497,850			0.26
Jane Gavan			188,554,094			99.63			695,802			0.37
Duncan Jackman			180,361,056			95.30			8,888,840			4.70
Jennifer Lee Koss			189,049,924			99.89			199,972			0.11
Vincenza Sera			187,493,676			99.07			1,756,220			0.93

At the meeting, PricewaterhouseCoopers LLP was appointed as the auditor of Dream, and the directors of Dream were authorized to fix the remuneration of the auditor.

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 $16 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: www.dream.ca.

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 IMPACT TRUST (TSX: MPCT.UN) announced that, at its annual meeting of unitholders held today, all of the nominees for election as trustees of Dream Impact Trust (the “Trust”) referred to in its management information circular for the meeting (the “Circular”) were elected. Votes cast on this matter were as follows:

Nominee			Votes For			% Votes For			Votes Withheld			% Votes Withheld
Pauline Alimchandani			24,942,969			91.02			2,459,413			8.98
Amar Bhalla			26,410,323			96.38			992,059			3.62
Dr. Catherine Brownstein			27,294,251			99.61			108,131			0.39
Robert Goodall			26,511,065			96.75			891,317			3.25
Karine MacIndoe			27,315,175			99.68			87,207			0.32

At the meeting, PricewaterhouseCoopers LLP was appointed as the auditor of the Trust, Dream Impact Master LP and the Trust’s subsidiaries, and the trustees of the Trust were authorized to fix the remuneration of the auditor.

Dream Impact 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 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

Meaghan Peloso

Chief Financial Officer

(416) 365-6322

mpeloso@dream.ca

Kim Lefever

Director, Investor Relations

(416) 365-6339

klefever@dream.ca

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0667 per unit for the month of June, 2022, representing $0.80 per unit on an annualized basis. The distribution will be payable on July 15, 2022 to unitholders of record on June 30, 2022.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 11.3 million square feet and is valued at approximately $3.3 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

For more information:
Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com  www.sedar.com

The Second Cultivation and Production Facility in Vineland Adds Approximately 270,000 Square Feet of Cultivation and Production Capacity and Will Triple Available Canopy in Phase One

Recent Approvals Also Allow for Use of Post-Harvest Automation Equipment to More Efficiently Meet the Growing Adult Use and Medical Demand

NEW YORK–(BUSINESS WIRE)–Columbia Care Inc. (NEO: CCHW) (CSE: CCHW) (OTCQX: CCHWF) (FSE: 3LP) (“Columbia Care” or the “Company”), one of the largest and most experienced cultivators, manufacturers and providers of cannabis products in the U.S., announced today it has started operations in its new, approximately 270,000-square-foot cultivation and production facility in New Jersey, begun using post-harvest automation equipment, and expanded its adult use shopping hours at both of its Cannabist locations in Deptford and Vineland to the maximum number of hours allotted by the New Jersey Cannabis Regulatory Commission (CRC).

The Company received approval from the New Jersey CRC to commence operations at its second cultivation and production facility on May 25, 2022, along with the approval to begin using post-harvest automation equipment. The introduction of this equipment will reduce the “harvest to shelf” time for products, making it easier to meet the rapidly-growing patient and customer demand.

“After ten years of navigating the ever-evolving cannabis industry in various markets, we have so many lessons learned and have been able to bring those to bear in how we approach New Jersey, knowing how it will serve as a model for those east coast states transitioning to adult use in the near term. We are proud of how we managed to scale alongside the demand in the last month and are thrilled to be able to serve more patients, customers, and wholesale partners with our newest cultivation facility and equipment,” said Nicholas Vita, CEO, Columbia Care. “As always, we owe a debt of gratitude to the CRC as well as local officials and our communities for their support in our efforts to make New Jersey one of the strongest cannabis markets in the world and a beacon for the industry.”

Both Cannabist locations began adult use sales on April 21 as one of the first seven operators to receive initial approval in the state and have continued to expand their hours. Each dispensary will continue to have medical-only hours, along with medical-only parking spots, pick-up lines and dedicated phone lines to ensure that patient access remains unaffected. Adult use customers will now find an even broader range of edibles, flowers, pre-rolls and vapes as more products are approved through the state’s third-party testing requirement. The menus also include an expanding brand selection, including Columbia Care brands Seed & Strain and Triple Seven, with more planned, pending regulatory approval.

In addition to the new 270,000-square-foot cultivation, manufacturing and processing facility, the Company also operates a 50,000-square-foot facility, also located in Vineland. The Company has a third retail location in development in New Jersey, which is expected to open later in 2022.

For more information on Cannabist locations, hours and menu availability in New Jersey, visit gocannabist.com/newjersey. For more information on Columbia Care, visit col-care.com.

About Columbia Care

Columbia Care is one of the largest and most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 18 U.S. jurisdictions and the EU. Columbia Care operates 131 facilities including 99 dispensaries and 32 cultivation and manufacturing facilities, including those under development. Columbia Care is one of the original multi-state providers of medical cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the company launched Cannabist, its new retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, gLeaf, Classix, Press, Amber and Platinum Label CBD. For more information on Columbia Care, please visit www.col-care.com.

Caution Concerning Forward-Looking Statements

This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives in New Jersey. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. These risks, uncertainties and other factors include, among others, favorable operating and economic conditions; obtaining and maintaining all required licenses and permits; favorable production levels and sustainable costs from the Company’s operations; and the level of demand for cannabis products, including the Company’s products sold by third parties. In addition, securityholders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10 dated May 9, 2022, filed with the applicable securities regulatory authorities and described from time to time in documents filed by the Company with Canadian and U.S. securities regulatory authorities.

Contacts

Investor Contact
Lee Ann Evans

Capital Markets

ir@col-care.com

Media Contact
Lindsay Wilson

Communications

+1.978.662.2038

media@col-care.com

Miami Mayor and U.S. Conference of Mayors President Francis Suarez rallies the nation’s mayors to step on healthy buildings by embracing WELL as a key solution for advancing healthier cities.

RENO, Nev.–(BUSINESS WIRE)–Today, as part of a renewed commitment to public health and national resilience, the nation’s mayors passed a major resolution to advance healthy buildings as a key strategy to support community preparedness and foster healthier, stronger cities. The policy resolution, adopted this morning by the U.S. Conference of Mayors (USCM) and its membership of over 1,400 cities at the conclusion of its 90th annual meeting in Reno, also encourages communities to lead by example across their municipal buildings by using the International WELL Building Institute’s WELL Health-Safety Rating.

“In Miami, and in cities across the country, we are looking much closer at the outsized role buildings play in keeping us safe and healthy,” said Mayor Francis Suarez, City of Miami and USCM President, who led the resolution along with co-sponsoring Mayors Steve Adler (Austin, TX), Todd Gloria (San Diego, CA) and Corey Woods (Tempe, AZ). “In fact, we spend roughly 90 percent of our time indoors, which underscores how important it is that our buildings are better positioned to protect and enhance human health.”

The resolution, titled “Advancing Healthy Buildings to Support Community and National Preparedness and Resilience,” urges cities to leverage available federal funding from the American Rescue Plan Act (ARPA) and the Bipartisan Infrastructure Law (BIL) to help spur local action across public building portfolios.

“Once again, mayors are out in front, adopting timely and significant policy that helps blaze a trail for people-first places in cities across the country,” said IWBI’s President and CEO Rachel Hodgdon. “We commend Mayor Suarez for his leadership, and the entire U.S. Conference of Mayors, for adopting this resolution and doubling down on WELL and its health and well-being strategies as a bedrock for driving healthier cities.”

Last week, Miami became the first city in the country to achieve the WELL Health-Safety Rating across a portfolio of city buildings. To help inspire fellow mayors, Mayor Suarez has urged other cities to follow suit and take similar action to lead on healthy buildings.

“By embracing WELL for our public buildings, we are stepping up — we’re walking the walk. I’m proud that this portfolio of city buildings, including our City Hall, is being recognized by IWBI, the world’s leading authority on healthy buildings,” said Mayor Suarez upon achieving the milestone. “I hope other cities will replicate what Miami is doing to advance WELL buildings, so we can deliver the benefits of healthy buildings to communities everywhere.”

In addition to the resolution, the USCM 90th Annual Meeting, which hosted hundreds of mayors in Reno, kicked off its Friday opening plenary with an armchair conversation between Mayor Suarez and IWBI Founder Paul Scialla, focusing on how cities can lead on WELL to achieve their healthy building goals.

“We’re looking forward to highlighting Miami – named the healthiest city in the country – and its achievement of the WELL Health-Safety Rating across municipal buildings, as a blueprint for other mayors to follow,” said Scialla, during the plenary session in Reno. “Mayors across the country are already leading. As they continue to use WELL to demonstrate that public buildings are safer, healthier and have the right protocols in place, other sectors will take note and follow their lead.”

Increasingly, local leaders are utilizing WELL to support health and well-being in their cities, including:

• Miami, FL became the first in the country to achieve the WELL Health-Safety Rating across a portfolio of municipal buildings;

• Austin, TX was one of the first cities in the country to achieve WELL Gold certification for one of its signature city buildings, the Permitting and Development Center;

• Aspen, CO was one of the first cities in the country to achieve WELL Silver certification in its City Hall and policy department;

• Chicago, IL was one of the first cities to reference WELL as a pathway to meet requirements in its local sustainable building policy; and

• Columbia, SC has a portfolio of municipal buildings enrolled in the WELL Health-Safety Rating.

These city achievements reflect the USCM healthy buildings resolution, which, as noted, also aligns with concerted efforts being made to advance community preparedness. For example, it states:

“As the country moves forward and works to fortify against COVID-19 and future threats, cities and businesses alike are now embracing preparedness plans that support health and well-being in buildings to maximize prevention and minimize risk, including the adoption of healthy building tools like the WELL Health-Safety Rating for Facility Operations and Management, an evidence-based, third-party verified rating focusing on operational policies, cleaning protocols, and design strategies.”

WELL is now being adopted in 110 countries in 35,000 locations totaling 3.5 billion square feet of all space types. It is the leading global framework for scaling health across buildings, organizations and communities. Developed over 10 years and backed by the latest scientific research, WELL outlines key building-level interventions and organizational strategies across 10 categories: Air, Water, Nourishment, Light, Movement, Thermal Comfort, Sound, Materials, Mind and Community.

The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. Each year, during its annual conference, USCM approves a range of policy resolutions. These policy positions adopted collectively represent the views of the nation’s mayors and are distributed to the President of the United States and Congress.

About the International WELL Building Institute

The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people-first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and the WELL Health-Safety Rating, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute pbc is a wholly owned subsidiary of Delos Living LLC. International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL Portfolio, WELL Portfolio Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rating, WELL Health-Safety Rated, WELL Health-Equity, WELL Performance Rated, WELL Performance Rating, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

Contacts

Media: media@wellcertified.com

The public can vote for the five finalists now through July 8

MISSISSAUGA, Ont.–(BUSINESS WIRE)–Cintas Canada, Ltd. invites the public to vote for their favourite washroom for the 2022 Canada’s Best Restroom contest. The public can vote multiple times now through July 8, 2022 at bestrestroom.com/Canada. The winner will receive $2,500 in facility services from Cintas to help maintain their award-winning washrooms.

The Canada’s Best Restroom contest highlights businesses that have invested in developing and maintaining exceptional washrooms. “We’re proud to recognize these five finalists for investing in clean and memorable washrooms,” said Candice Raynsford, Marketing Manager, Cintas Canada. “The public can show their support for these businesses by voting in the contest.”

Nominees for this year’s contest were judged on five criteria: cleanliness, visual appeal, innovation, functionality and unique design elements. The five finalists include:

1. Majesty and Friends (Edmonton, Alberta): Majesty and Friends’ 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!

2. Niton Junction Petro-Canada (Niton Junction, Alberta): The Niton Junction Petro-Canada washrooms are clean and well-stocked. Inside this charming facility you will find completely touchless sanitary sinks and crystal lights giving an elegant, yet relaxed feel. The washroom stalls are fully enclosed, and each is decorated with a different decorative floor-to-ceiling wall tile and modern light fixtures.

3. Toronto Zoo – African Rainforest Washroom (Toronto, ON): The Toronto Zoo returns to the competition in hopes of taking the throne and furthering their mission of connecting people, animals and conservation science to fight extinction. The new washrooms in the Toronto Zoo’s African Rainforest pavilion offer guests the opportunity to imagine themselves under the leafy canopy of the African Rainforest, home to the Western lowland gorilla. Door handles resemble a gorilla’s leafy diet and overhead lighting peeks through a canopy of acrylic foliage cut-outs to set the scene and illuminate the wood-finish stalls beneath. Each all-in-one handwashing unit is uniquely designed with conservation and technology in mind and features a hands-free faucet, soap dispenser and hand dryer: just one of the accessibility features in this facility. Colourful landscape murals, a snake-inspired mosaic and the unique floor design were inspired by the rainforests of Africa and are accentuated by fine details like high-gloss accents, representing the humidity of the region, and the iconic gorilla silhouette depicted in the privacy screens brings guests closer to nature. The designers hoped to encourage the appreciation of our natural world, provide an excellent experience for guests, and leave them with the desire to realize the Zoo’s vision of a world where wildlife and wild spaces thrive.

4. Versante Hotel (Richmond, B.C.): Situated in Richmond, the Versante is a luxury boutique hotel that features a showstopping washroom. Decked out in gold accented accessories, the unisex washroom includes private, fully enclosed stalls behind glossy black doors. The walls are lined with black, marble tile. Vibrant-coloured Chinese lanterns hang above ceramic pedestal sinks with gold faucets. The large oval washroom was designed to offer guests a drama filled Instagram moment.

5. Rollick Co. (Black Diamond, Alberta): This washroom was created as the ‘best room in the house’ of this local skateboard, bike and fishing shop, with the intention of it being a conversation-starter and great place for a selfie. Painted from top to bottom by a local graffiti and tattoo artist, Garrett Eagles, the full-colour graffiti pays homage to skate culture, connection to place and the offerings of the shop. A frog pulling a jump off the skate ramp, a fish with legs riding a bike, a Sasquatch on a stand-up paddle board, a UFO, a large earth worm (fishing bait) and an ice fishing hole painted on the ground complete the escape. A large gold antique mirror dominates one wall, and an XOXO wooden shelf is filled with extra toilet paper. This washroom is a fun surprise and delight for any who pop into the shop for a bike tune-up, advice on where to hike or fish, or an e-bike or standup paddle board rental.

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 products and services that help keep their customers’ facilities and employees clean, safe and looking their best. With offerings including uniforms, mats, mops, restroom supplies, first aid and safety products and training, Cintas helps customers get Ready for the Workday^®. The company is also the creator of the Cintas Total Clean Program^TM — a first-of-its-kind service that includes scheduled delivery of essential cleaning supplies, hygienically clean laundering, and sanitizing and disinfecting products and services. 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

• Products from across Schneider Electric’s portfolio are recognized for design-lead innovation, precise and user-focused ergonomics in 2022’s biggest design awards
• Schneider Electric receives an impressive seven IF Design Awards
• Schneider Electric receives three prestigious Red Dot Awards

MISSISSAUGA, Ontario–(BUSINESS WIRE)–Schneider Electric, the leader in the digital transformation of energy management and automation is celebrating success and recognition at the world’s most celebrated design awards this year.

The company’s product design and engineering teams continue to apply decades of experience in making homes and buildings safe, sustainable, efficient, and sophisticated – by providing the smart, connected, and intuitive design solutions that are continuing to attract the attention of some of the world’s top awards juries.

These esteemed design awards acknowledge and reward the exceptional, innovative design concept and functionality of Schneider Electric products and their role in empowering our society to make the most of our energy and resources for a climate-positive world.

IF Design Award-winning products that can produce and manage energy, adapt it to your lifestyle, keep you feeling safe and give you an opportunity to contribute to sustainable living

Recognized by 132 high-profile design experts from over 20 countries for designing products that have the greatest innovative power, Schneider Electric received seven prestigious IF Design Awards across several categories, including Hardware and Building, Industry/Tools and Interface for Digital Media.

The winning products of 2022 IF design award are the Wiser DC Smoke alarm, The SpaceLogic Controller Series, New Ovalis wiring device, The EvoPact medium voltage circuit breaker, The Facility Expert for Small Business Advisor, The Jueshi surge Protective Device, and Clipsal Max9 circuit protection.

• The Wiser Smoke Alarm is designed to safeguard human lives from the potential risk of household fires. It can be easily integrated and wirelessly connected with Wiser smart home system. Clever design features such as the hidden LED lighting and the oversized button contribute to a minimalist look and an easy-to-use product.
• The SpaceLogic Controller Series an important part of the EcoStruxure Building Operation, which offers customers the opportunity to perform better energy management and analysis and whose compact design and function integration reduces installation volume and cost.
• The New Ovalis range of affordable wiring devices, designed to bring aesthetic appeal, connectivity and ergonomics to customers as well as easy installation for electricians.

Frederic Beuvry, SVP of Industrial Design and Ergonomics at Schneider Electric said:

“While quality and reliability are trademarks of Schneider Electric’s products and solutions, design is the unique element that enhances our customer’s experience. Our intuitive design creates an environment that builds a connection with our products and solutions and enables them to achieve their maximum potential. Through our unique design process, we build end-to-end experiences that are truly valuable to our customers and inspire them to contribute to sustainable living and reshape their business with our innovative and efficient solutions.”

Three Red Dot design awards from product to design, including Smart Home devices and home energy products.

With the design of its products being recognized as sophisticated, ergonomic, and user-friendly, the company has also received three notable accolades at the Red Dot Awards 2022.

The winning products include, once again, Wiser Smoke Alarm and SEMC-I Surge Protection Device and Putuo MT – Motor Mechanism – an electric motor that can remotely or manually operate molded case circuit breakers. Its new large slide design impresses with its user-friendliness and efficiency and allows users to easily switch between automatic and manual modes.

Professor Dr. Peter Zec, founder and CEO of Red Dot said:

“In this year of the competition, I have been particularly struck by the exceptional creativity shown by the award-winning products, including a range of solutions from Schneider Electric. It is really impressive and praiseworthy that there are still designs out there that can surprise us with their form and functionality. This makes it clear that design cannot be restricted or brought to a standstill by unfavorable circumstances. On the contrary: more and more new ideas and creations emerge, and futuristic techniques are developed. The fact that the quality of these products equals their level of innovation makes them well-deserved winners in the Red Dot Award: Product Design 2022.”

About the iF Design award

Since 1954, the iF DESIGN AWARD has been recognized as an arbiter of quality for excellent design. The iF Design brand is renowned worldwide for outstanding design services, and the iF DESIGN AWARD is one of the most important design prizes in the world. It honors design achievements in all disciplines: product, packaging, communication and service design, architecture and interior architecture as well as professional concept, user experience (UX) and user interface (UI). All award-winning entries are featured on www.ifdesign.com.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

https://www.se.com/ca/en/

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Contacts

Media Relations – Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: juan.guerrero@edelman.com