BROOKFIELD NEWS, March 11, 2022 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“BAM”) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. (“BPY”) today announced that they have agreed to extend the deadline for the submission of the joint tax election form made available to eligible Canadian unitholders of Brookfield Property Partners (BPY), who participated… [Read More]
Mainstreet Equity Corp. held Annual and Special Shareholder Meeting on March 10, 2022
CALGARY, AB, March 11, 2022 /CNW/ – Mainstreet Equity Corp. (“Mainstreet” or the “Corporation”) (TSX: MEQ) is pleased to announce the results of the annual and special meeting of shareholders held on March 10, 2022 (the “Meeting”). The Meeting had a very strong shareholder turnout with holders of approximately 86% of the issued and outstanding… [Read More]
RealServus Acquires Property.ca Including Condos.ca and MrLoft.ca, Capturing a Greater Share of the Residential Real Estate Market
Proptech investment and management services firm focused on technology solutions expands its reach through premium Canadian residential real estate brands.
TORONTO–(BUSINESS WIRE)–RealServus announced today that it has acquired online brokerage Property.ca, which includes the Condos.ca and MrLoft.ca brands. These brands complement RealServus’ focus on assembling proven residential real estate and ancillary service brands under one umbrella. Each brand will benefit from improved access to capital, technology and industry expertise as they scale under the RealServus ownership banner.
Launched in 2014, Property.ca along with its brands Condos.ca and MrLoft.ca have quickly risen in the real estate ranks to become the leading tools used to search and analyze all homes and condos for sale and rent in the Greater Toronto Area. With more than a million registered site users and over 1 billion dollars in sales volume in the last year, the brokerage is focused on inventing new tools, implementing innovative new technologies, and continuously introducing better ways to guide consumers and their agents on their real estate journey.
With the support of investors, including a significant investment from Round13 Capital, RealServus is Canada’s leading privately held company focused on increasing market share within the residential real estate sector. This latest acquisition adds to a growing portfolio of proven brands and ancillary service providers that support the industry.
“We are thrilled to bring Property.ca and its 250+ productive agents under the RealServus umbrella as they embody the values of our company and the offering we provide,” said Ron Peddicord, President and co-founder of RealServus. “The technology and innovation fueling each site are ground-breaking. And now, under the RealServus umbrella, we can provide the capital investment needed to fuel ongoing technological innovation and add services and expertise to help them flourish. These investments will help them become the most advanced lead generation tech brokerage in the country and expand into new market segments including new construction.”
Property.ca and its associated brands will continue to operate as Toronto’s leading property search tools.
“The residential real estate and proptech sectors have been on our radar for some time now, and we are thrilled to partner with RealServus to build the leading platform in the space,” said Brahm Klar, Partner at Round13 Capital. “The team at RealServus shares our vision around the potential for this market and has the experience needed to execute on the opportunity.”
Peddicord added, “This acquisition is a major milestone in our plan to invest in individual proptech-enabled brands in the Canadian residential real estate market.”
The transaction has closed, the terms of which have not been disclosed.
About RealServus
RealServus is Canada’s leading proptech investment and management services firm. Together with its strategic technology and capital investment partners, RealServus acquires and transforms residential real estate brands through expertise, technology and investments to accelerate growth. The RealServus brands include Real Access Capital, RealServus Brokerage Services Division, Property.ca, Condos.ca and Mr.Loft.ca.
Visit www.realservus.com
Contacts
Ray McIlroy
Kaiser & Partners
647.680.8316
ray.mcilroy@kaiserpartners.com
Tokens.com Announces Lease Agreement with Skechers on its Fashion Street Estate
TORONTO–(BUSINESS WIRE)–Tokens.com Corp. (NEO Exchange Canada: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or “the Company”), a publicly-traded company that invests in Web3 crypto assets and businesses linked to the Metaverse and NFTs, is pleased to announce that its subsidiary company Metaverse Group has signed a lease agreement with Skechers USA, Inc. (NYSE: SKX), the third largest athletic footwear brand in the world.
Skechers has leased the equivalent of a 5,000-square-foot space on virtual land owned by Metaverse Group to build an experiential store on the Fashion Street Estate located in the Decentraland Metaverse.
“Our collaboration with Skechers marks a pivotal evolution in our Metaverse strategy. This partnership establishes our subsidiary, Metaverse Group, as one of the first virtual landlords to successfully lease out its Metaverse real estate,” commented Andrew Kiguel, Tokens.com CEO and Metaverse Group Executive Chairman. “We not only own valuable virtual real estate but also generate recurring revenue, similar to landlords in the physical world and online advertising platforms such as large search engines and social media networks.”
“Our Decentraland agreement is an investment in our future,” said Michael Greenberg, president of Skechers. “We look forward to embarking on this virtual era, and exploring creative ways for our brand to engage with new customers and audiences as we launch the new Skechers experience.”
Brands seeking to participate in the Metaverse or landowners seeking to sell virtual land are encouraged to reach out to landsales@metaversegroup.com for more information.
About Tokens.com
Tokens.com Corp is a publicly traded Web3 company that owns an inventory of Metaverse, P2E, DeFi and NFT based digital assets. Tokens.com is the majority owner of Metaverse Group, one of the world’s first virtual real estate companies. Hulk Labs, a wholly-owned Tokens.com subsidiary, focuses on investing in Play-to-Earn revenue generating gaming tokens and NFTs. Additionally, Tokens.com owns and stakes crypto assets to earn additional tokens. Through its growing digital assets and NFTs, Tokens.com provides public market investors with a simple and secure way to gain exposure to Web3.
Visit Tokens.com to learn more.
Keep up-to-date on Tokens.com developments and join our online communities at Twitter, LinkedIn, and YouTube.
About Metaverse Group
The Metaverse Group is a vertically integrated NFT based metaverse real estate company. The group, with its global headquarters in Decentraland’s Crypto Valley, also owns an eight-figure real estate portfolio across many leading virtual worlds. The company intends to continue to purchase, develop and rent out its portfolio of real estate assets. Tokens.com, a publicly- traded company, is the majority owner of Metaverse Group.
For further information please visit https://metaversegroup.com
About SKECHERS USA, Inc.
Skechers USA, Inc. (NYSE:SKX), The Comfort Technology Company™ based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in the United States and over 180 countries and territories via department and specialty stores, and direct to consumers through 4,306 Company and third-party-owned retail stores and e-commerce websites. The Company manages its international business through a network of global distributors, joint venture partners in Asia, Israel and Mexico, and wholly-owned subsidiaries in Canada, Japan, India, Europe and Latin America. For more information, please visit about.skechers.com and follow us on Facebook, Instagram, Twitter, and TikTok.
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may,” “will,” “plan,” “expect,” “anticipate,” “estimate,” “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
Contacts
For further information:
Tokens.com Corp.
Andrew Kiguel, CEO
Telephone: +1-647-578-7490
Email: contact@tokens.com
Jennifer Karkula, Head of Communications
Email: contact@tokens.com
Media Contact: Ryleigh Ebron – Talk Shop Media
Email: ryleigh@talkshopmedia.com
Colliers adds leading regional engineering & design firm
Acquisition strengthens scale and capabilities in the fast-growing Southwest market TORONTO and SAN ANTONIO, March 10, 2022 (GLOBE NEWSWIRE) — Leading global professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) today announced that its Colliers Engineering & Design (“CED”) business unit has acquired KFW Engineers & Surveying (“KFW”), a San Antonio-based civil… [Read More]
BTB Announces its Distribution for the Month of March 2022
MONTRÃAL, March 10, 2022 /CNW Telbec/ – BTB Real Estate Investment Trust (TSX: BTB.UN) (“BTB” or the “REIT“) announced today that the monthly cash distribution for the month of March 2022 is $0.025 per unit, representing $0.30 per unit on an annualized basis. The cash distribution will be paid April 18th, 2022, to unitholders of… [Read More]
Invesque Inc. Reports Fourth Quarter and Full Year 2021 Results
Strengthened Portfolio Throughout 2021 With Sale of US$213 Million of Non-Core Assets and Reduction of Overall Company Leverage by over 300 Basis Points TORONTO, March 10, 2022 /CNW/ – Invesque Inc. (TSX: IVQ.U) (TSX: IVQ) (the “Company” or “Invesque”) today announced its results for the three- and twelve-months ended December 31, 2021. Fourth Quarter 2021 Highlights… [Read More]
Continued Strength at Empire Delivers Strong Growth in Earnings and Free Cash Flow in Third Quarter Fiscal 2022
Third Quarter Summary: Earnings per share of $0.77, an increase of 16.7% compared to $0.66 last year Same-store sales excluding fuel decreased by 1.7% compared to elevated sales last year Same-store sales grew 8.3% over fiscal 2020 Gross margin, excluding fuel, increased by 41 basis points EBITDA margin increased by 50 basis points Project Horizon… [Read More]
Imbrium® Systems Jellyfish® Filter Receives New ISO 14034 ETV Verification
Technology Demonstrates Exceptional TSS and Total Phosphorus Removal in TAPE Field Study
TORONTO–(BUSINESS WIRE)–#ISO–Imbrium® Systems announced the receipt of a new ISO 14034 ETV Verification for its Jellyfish® Filter stormwater treatment technology. This latest verification is for exceptional Total Suspended Solids (TSS) and Total Phosphorus treatment performance demonstrated in field testing conducted in accordance with the Washington State Department of Ecology TAPE protocol. This is the second ISO 14034 ETV verification for Jellyfish Filter field testing performance, with the earlier verification based on treatment demonstrated in field monitoring conducted in accordance with the TARP Tier II protocol.
“We’re pleased to receive this latest third-party verification for our updated Jellyfish Filter technology,” noted Imbrium Regulatory Manager Joel Garbon. “We’ve made improvements to the technology over the years since the first field test verification, and this is reflected in the treatment performance for TSS and Total Phosphorus, with median removal values of 90% and 77%, respectively.” Garbon continued, “Lab testing alone is insufficient when it comes to stormwater filtration technologies. Real-world stormwater runoff contains a complex mixture of inorganic and organic pollutants and continuously varying water chemistry. Lab testing is typically performed with clean water and clean sand-like test sediment and does not mimic the dynamic and challenging pollutant characteristics and environmental conditions that will confront the technology in field conditions. We believe it is critical to demonstrate performance in the real world, and feedback from consultants and regulators consistently shows that they have more confidence in the technology that has performed well under the rigors of actual urban installation sites.”
The Jellyfish Filter combines gravitational pretreatment (sedimentation and floatation) and high flow rate membrane filtration in a single compact structure. When maintenance is required, the membrane filter cartridges are typically rinsed and re-commissioned, unlike filter systems that use granular media that must be disposed of after each maintenance.
GLOBE Performance Solutions conducted the ISO 14034 ETV verification in collaboration with the Centre for Advancement of Water and Wastewater Technologies, which provided the technical expertise. The Verification Statement is posted on the Canadian ETV website https://etvcanada.ca/home/verify-your-technology/current-verified-technologies/
Information about Imbrium Systems portfolio of stormwater treatment technologies, including Jellyfish® Filter, Stormceptor®, and Filterra®, can be found at Imbrium’s website https://www.imbriumsystems.com/
About Imbrium Systems
Imbrium Systems is a company that designs and manufactures engineered stormwater treatment solutions for the protection of water resources from harmful pollutants. By developing technologies to address the long-term impact of urban runoff, Imbrium ensures its clients’ projects are compliant with government water quality regulations. Imbrium’s Stormceptor® and Jellyfish® Filter technologies are sold through a network of value-added licensees, providing the highest level of service at every stage of your project.
Contacts
Media Contact:
David Corr
Marketing Director
Imbrium Systems
513-645-7130
dcorr@imbriumsystems.com
Dream Industrial REIT Completes $230 Million Equity Offering
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
TORONTO–(BUSINESS WIRE)–DREAM INDUSTRIAL REIT (DIR.UN-TSX) (“Dream Industrial REIT” or the “Trust”) announced today the closing of its previously announced equity offering of units of the Trust (“Units”) at a price of $16.30 per Unit (the “Offering”). The syndicate of underwriters, led by TD Securities Inc., elected to exercise its over-allotment option in full, resulting in a total of 14,110,500 Units being issued today for total gross proceeds of approximately $230 million.
The Trust intends to use the net proceeds from the Offering, together with cash on hand and the Trust’s credit facility to fund the closing of acquisitions, the Trust’s commitment to a private U.S. industrial fund, as well as development and value-add capital initiatives, and for general trust purposes.
This press release is not an offer of securities for sale in the United States (“U.S.”). The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the U.S., its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act.
About Dream Industrial REIT
Dream Industrial REIT is an unincorporated, open-ended real estate investment trust. As at December 31, 2021, Dream Industrial REIT owns, manages and operates a portfolio of 239 industrial assets (351 buildings) comprising approximately 43 million square feet of gross leasable area in key markets across Canada, Europe, and the U.S. Dream Industrial REIT’s objective is to continue to grow and upgrade the quality of its portfolio which primarily consists of distribution and urban logistics properties and to provide attractive overall returns to its unitholders. For more information, please visit www.dreamindustrialreit.ca.
Forward looking information
This press release may contain forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Some of the specific forward-looking information in this press release may include, among other things, statements regarding the intended use of proceeds of the Offering. 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; risks associated with unexpected or ongoing geopolitical events, including disputes between nations, war, terrorism or other acts of violence, international sanctions and the disruption of the free movement and provision of goods and services across jurisdictions; the financial condition of tenants; leasing risks, including those associated with the ability to lease vacant space; rental rates and the strength of rental rate growth on future leasing; and interest and currency rate fluctuations. The Trust’s 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, historically low rates and rising replacement costs in the Trust’s operating markets remain steady, geopolitical events will not disrupt global economies, 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 the date of this press release. 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 contained in the Trust’s filings with securities regulators, including its latest annual information form and MD&A. These filings are also available at the Trust’s website at www.dreamindustrialreit.ca.
Contacts
Dream Industrial REIT
Brian Pauls
Chief Executive Officer
(416) 365-2365
bpauls@dream.ca
Lenis Quan
Chief Financial Officer
(416) 365-2353
lquan@dream.ca
Alexander Sannikov
Chief Operating Officer
(416) 365-4106
asannikov@dream.ca
Kontrol Technologies awarded $9.7 Million HVAC and Automation Project from Canadian Multi-Family High Rise Customer
TORONTO–(BUSINESS WIRE)–Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”), a leader in smart buildings and cities through IoT, Cloud and SaaS technology, has been awarded a $9.7 Million HVAC and Automation project, through its wholly owned subsidiary Global HVAC and Automation (“Global”) for a new high rise building in the Greater Toronto Area.
As described in the Company’s press release dated December 28, 2021, the Company has been quoting and bidding on various opportunities and this represents the awarding of one of those opportunities. Following the award of the project to Global a binding Letter of Intent (“LOI”) has been signed and a contract is in process of being drafted, with completion of that contract expected to take place in Q2, 2022. The project is anticipated to commence in Q3, 2022, with estimated completion in Q4, 2023.
“We are pleased that we are able to win these larger opportunities with our Global team,” says Paul Ghezzi, CEO of Kontrol Technologies. “Global provides us with a larger project footprint and capability that we seek to expand while we also focus on adding recurring revenues through an integrated building technology and service platform.”
Vertical Integration
Following the acquisition of Global in August of 2021, the Company has been focused on vertically integrating in-house capabilities around the inclusion of more energy efficient solutions such as heat pumps and VRV technology. Further, Global now offers ongoing service and asset management capabilities which the Company seeks to grow over time.
“We seek to lead the building efficiency market by offering our customers advanced solutions as part of our overall building integration and service platform,” continues Ghezzi. “Now more than ever, energy savings in buildings and the corresponding reduction in GHG emissions is critical to lower operating costs and improved sustainability.”
The customer for the project described above is a leading Canadian developer in the multi-family high rise sector with a significant number of projects in various stages of development. For industry competitive purposes the customer will not be named.
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking statements in this press release include, but are not limited to, statements with respect to the following: entering into of the CDCC contract described in the press release and the timing of completion thereof; completion of the activities contemplated in the LOI and the timing thereof; and the Company’s future business plans and operations.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation: that sufficient capital will be available to the Company and that technology will be as effective as anticipated; that the Company will be able to enter into the CDCC contract described in this press release on the terms and in the timeframe as currently anticipated; that the activities contemplated in the LOI will be completed on the timeframe as currently anticipated; and that the Company’s customers will continue to utilize the Company’s products as currently anticipated.
However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking
statements. Such risks include, but are not limited to the following: that the Company will not enter into the CDCC contract described in this press release on such terms as are currently anticipated, or at all; that the Company may encounter delays in carrying out the activities contemplated in the LOI; that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that the Company’s technologies will not prove as effective as expected; that customers and potential customers will not be as accepting of the Company’s product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
Contacts
Kontrol Technologies Corp.
Paul Ghezzi
CEO
info@kontrolcorp.com
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
KNRLF@mzgroup.us
Tel: +1 (949) 546.6326
Brookfield Infrastructure Corporation Completes Annual Filings
BROOKFIELD, NEWS, March 09, 2022 (GLOBE NEWSWIRE) — Brookfield Infrastructure Corporation (NYSE: BIPC; TSX: BIPC) today announced that it has filed its 2021 annual report on Form 20-F (the “Annual Report”), including its audited financial statements for the year ended December 31, 2021, with the SEC on EDGAR as well as with the Canadian securities… [Read More]
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