Tech-enabled hospitality provider to phase out single-use plastic amenities by EOY 2022

SAN FRANCISCO–(BUSINESS WIRE)–Sonder Holdings Inc. (Nasdaq: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is eliminating single-use plastic amenities in all of its guest-facing units no later than Dec. 31, 2022.

Sonder expects this commitment will eliminate approximately 1.6 million single-use plastic amenity items (~6,700 kg) annually in its North American operations alone by making supply chain changes, sourcing exclusively from suppliers with sustainable packaging. Guest amenity items that will be eliminated or shifted to more sustainable or reusable sources include bottled water, disposable cups, toiletry bottles, packaged coffee, packaged foods/drinks/condiments, straws, and stirrers.

“We’re implementing this responsible business practice early to proactively keep our environmental impact low. Removing single-use plastic amenities in all guest units across our global portfolio aligns with our mission to revolutionize hospitality and deliver what the modern traveler demands. It also makes good business sense, driving long-term efficiencies and savings for our operations,” said Francis Davidson, Co-Founder and Chief Executive Officer of Sonder. “We’ve carefully selected amenities that provide the same quality to our guests with less waste.”

Sonder is rolling out luxurious toiletries by Davines, a certified B Corp luxury beauty brand in Parma, Italy that strives to place social and environmental sustainability at the core of its ethos. Shower gel, shampoo, and conditioner will be provided in wall-mounted, refillable dispensers, while soap bars and body lotion will be provided in paper and aluminum packaging, free from single-use plastic. The amenities are from Davines’ Essential Haircare DEDE range, formulated with red celery extract from a Slow Food Presidium farm in Italy to safeguard biodiversity and are exclusive to Sonder in the hospitality space.

For coffee packets, Sonder worked with its existing gourmet coffee supplier Metropolis Coffee Company to develop home compostable and BPI certified packaging. The new coffee pods are tailored to Sonder’s requirements to eliminate both single-use plastic and metal foil, and where ground coffee is provided, it is in compostable bags. In addition, Metropolis has a commitment to sustainability and community support, with every bag of coffee being traceable back to the farm from which it came.

Sonder’s elimination of single-use plastic amenities in all of its guest-facing units by the end of 2022 is part of its wider sustainability commitments under the company’s People, Place & Planet framework, including commitments to optimize energy consumption.

About Sonder

Sonder (NASDAQ: SOND) is revolutionizing hospitality through innovative, tech-enabled service and inspiring, thoughtfully designed accommodations combined into one seamless experience. Launched in 2014 and headquartered in San Francisco, Sonder provides a variety of accommodation options — from spacious rooms to fully-equipped suites and apartments — found in over 35 markets spanning ten countries and three continents. The Sonder app gives guests full control over their stay. Complete with self-service features, simple check-in and 24/7 on-the-ground support, amenities and services at Sonder are just a tap away, making a world of better stays open to all.

To learn more, visit www.sonder.com or follow Sonder on Facebook, Twitter or Instagram.

Download the Sonder app on Apple or Google Play.

Contacts

Media:

Fiona Story

press@sonder.com

TORONTO–(BUSINESS WIRE)–Chemtrade Logistics Income Fund (TSX: CHE.UN) announced plans to actively pursue the sale of land at its North Vancouver, BC site through a sale-leaseback structure. The portion of the company’s North Vancouver operating facility that Chemtrade is offering for sale includes approximately 40 acres (16 hectares) of industrial zoned and rail served land. The remaining portion of the site is currently leased from the Vancouver Fraser Port Authority. Chemtrade plans to continue to operate its North Vancouver facility following the completion of the proposed sale-leaseback arrangement.

Chemtrade has launched a formal process to evaluate options for this transaction and cannot guarantee that any transaction will take place, nor provide guidance on the interest in or likelihood of any sale. Chemtrade will not issue any further updates until material terms of an agreement are reached or the process is terminated.

Scott Rook, President and CEO said, “We are excited about the financial flexibility that this opportunity could create for Chemtrade. The anticipated proceeds of the transaction could provide significant liquidity for investments in organic growth while also helping to reduce debt.”

RBC Capital Markets Real Estate Group and Colliers International will be assisting in the marketing and sale effort. For additional information about the property sale please contact the representatives below.

About Chemtrade

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

Caution Regarding Forward-Looking Statements

Certain statements contained in this news release constitute forward-looking statements within the meaning of certain securities laws, including the Securities Act (Ontario). Forward-looking statements can be generally identified by the use of words such as “anticipate,” “continue,” “estimate,” “expect,” “expected,” “intend,” “may,” “will,” “project,” “plan,” “should,” “believe” and similar expressions. Specifically, forward-looking statements in this news release include statements respecting certain future expectations about: Chemtrade’s ability to sell its North Vancouver, BC property; its intention to lease back the land and to continue to operate its facility; the anticipated proceeds and any financial flexibility, liquidity, debt reduction or investment in organic growth that they may create. Forward-looking statements in this news release describe the expectations of the Fund and its subsidiaries as of the date hereof. These statements are based on assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements for a variety of reasons, including without limitation the risks and uncertainties detailed under the “RISK FACTORS” section of the Fund’s latest Annual Information Form and the “RISKS AND UNCERTAINTIES” section of the Fund’s most recent Management’s Discussion & Analysis.

Although the Fund believes the expectations reflected in these forward-looking statements and the assumptions upon which they are based are reasonable, no assurance can be given that actual results will be consistent with such forward-looking statements, and they should not be unduly relied upon.

Except as required by law, the Fund does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement.

Contacts

For further corporate information:

Rohit Bhardwaj

Chief Financial Officer

Tel: (416) 496-4177

Ryan Paull

Business Development Manager

Tel: (973) 515-1831

For further information on the real estate opportunity:

Stuart Morrison: Stuart.Morrison@colliers.com

Jason Cottle: Jason.Cottle@rbccm.com

 

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, invites you to participate in its live conference call with senior management to discuss the Company’s financial results for the first quarter of 2022. The call will take place on Wednesday, May 11 ^th at 11 a.m. ET.

Tricon’s financial statements and management’s discussion and analysis for the first quarter of 2022 will be released prior to the call and will be made available on the Company’s website, on the Canadian Securities Administrators’ website at www.sedar.com and on the U.S. Securities and Exchange Commission website at www.sec.gov.

To access the call, please dial (888) 550-5422 or (646) 960-0676 (Conference ID #3699415). The conference call will be available via webcast on the Tricon Residential Investor Relations website at www.triconresidential.com. A replay of the call will be available from 2pm ET on May 11^th, 2022, until midnight ET, on June 11^th, 2022. To access the replay, call (800) 770- 2030 or (647) 362- 9199, followed by Conference ID #3699415.

About Tricon Residential Inc.

Tricon Residential is an owner and operator of a growing portfolio of approximately 37,000 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.

Contacts

Investors:
Wissam Francis

EVP & Chief Financial Officer

Tel: 416-323-2484

Email: wfrancis@triconresidential.com

Wojtek Nowak

Managing Director, Capital Markets

Tel: 416-925-2409

Email: wnowak@triconresidential.com