TORONTO, July 18, 2018 /CNW/ - Park Lawn Company Limited (the "Company") PRL announced today that it has completed a transaction to invest $750,000 in Maritime Cold Storage Ltd.  ("Maritime"), a private company. The Company will hold preferred shares and 10% of the common shares reflecting its investment interest in Maritime. Maritime owns a 55,000 square foot cold storage unit that can accommodate 2.2 million cubic feet of perishable goods. The facility is based in Moncton, New Brunswick, and is strategically located to serve New Brunswick, Nova Scotia and P.E.I.  The facility serves a range of seafood companies and producers of fresh produce.

About Park Lawn
In addition to its continued involvement in the development of the 57 Linelle Street site, Park Lawn Company Limited holds 37,092 shares of Park Lawn Corporation and an investment in the private equity fund, Slate Canadian Real Estate Opportunity Fund 1.  The company holds a range of short term investments and cash and is actively seeking additional long-term investment opportunities.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Park Lawn Company Limited

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