Vertical Peak Announces LOI to Sell California Operation and Board of Director Change
Vancouver, British Columbia--(Newsfile Corp. - August 17, 2023) - Vertical Peak Holdings Inc. (CSE: MJMJ) (OTC PINK: SPLIF) (formerly High Fusion Inc.) ("Vertical Peak" or the "Corporation") wishes to announce that it has entered into binding letter of intent ("LOI") dated August 9, 2023 to sell all its California operations ("Transaction") to Downwind Holdings Inc. ("DHI").Transaction OverviewPursuant to the terms of the LOI, DHI agreed to acquire from Vertical Peak all assets relating to...
2023-08-17 6:18 AM EDT
Vertical Peak and Neural Therapeutics Announce Completion of the Plan of Arrangement
Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Vertical Peak Holdings Inc. (CSE: MJMJ) (formerly High Fusion Inc.) ("Vertical Peak" or the "Corporation") and Neural Therapeutics Inc. ("Neural"), are pleased to announce closing of the previously announced proposed spin-out of Neural through a plan of arrangement under the British Columbia Business Corporations Act (the "Plan of Arrangement"), pursuant to the amended and restated arrangement agreement dated February 24, 2023...
2023-05-25 5:00 PM EDT
Vertical Peak Announces Record Date and Targeted Effective Date for the Spin-Out of Neural Therapeutics
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2023) - Vertical Peak Holdings Inc. (CSE: MJMJ) (OTC Pink: SPLIF) ("Vertical Peak" or the "Corporation") is pleased to announce an update on the previously announced proposed spin-out of a portion of its holdings of common shares ("Neural Shares") of Neural Therapeutics Inc. ("Neural") through a plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement").All of the conditions precedent to...
2023-05-17 1:37 PM EDT
Vertical Peak Announces Corporate Updates and Annual Meeting Results
Vancouver, British Columbia--(Newsfile Corp. - May 4, 2023) - Vertical Peak Holdings Inc. (CSE: FUZN) (OTC Pink: SPLIF) (formerly High Fusion Inc.) ("Vertical Peak" or the "Corporation"), is pleased to announce the results of its Annual General and Special Meeting ("Meeting") held on May 1, 2023, completion of the name change and timeline for completing the plan of arrangement ("Plan of Arrangement") to distribute shares of Neural Therapeutics Inc. ("Neural") to the Corporation's shareholders...
2023-05-04 4:01 PM EDT
High Fusion Files Circular Supplement
Toronto, Ontario--(Newsfile Corp. - April 14, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") High Fusion wishes to announce that it has filed a supplement ("Supplement") to the management information circular dated March 15, 2023 ("Circular") which was filed on SEDAR on March 20, 2023. The Circular sets out a form of the new Articles (the "New Articles") that are to be adopted as a result of the proposed continuance of High Fusion (the "Continuance") from Canada...
2023-04-14 4:31 PM EDT
High Fusion Announces Management Changes
Toronto, Ontario--(Newsfile Corp. - April 3, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") wishes to announce management changes.Effective March 31, 2023 John Durfy has stepped down as CEO of High Fusion and will remain on the board of directors of the Company to aid in the transition. Mr. Durfy's duties will be transitioned to Mr. William Gillespie who will become the CEO of High Fusion effective as of the same date. Mr. Gillespie is an...
2023-04-03 8:53 AM EDT
High Fusion Files Management Information Circular for Proposed Arrangement with Neural Therapeutics
Toronto, Ontario--(Newsfile Corp. - March 21, 2023) - High Fusion Inc. (CSE: FUZN) (OTC Pink: SPLIF) ("High Fusion") is pleased to announce that it has filed on www.sedar.com its management information circular (the "Circular") and related materials in connection with the annual and special meeting (the "Meeting") of High Fusion shareholders (the "High Fusion Shareholders") to be held at 10:00 a.m. (Eastern Time) on May 1, 2023 at High Fusion's head office to approve, among other things, the...
2023-03-21 8:00 AM EDT
High Fusion Announces an Agreement to Amend the Terms and Extend the Maturity of Its First Loan Facility
Toronto, Ontario--(Newsfile Corp. - March 16, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that yesterday, it has agreed to amend the terms of its First Loan Facility.Company has agreed with the lenders of the Company's First Loan Facility to amend the terms to provide for one-year extensions of the maturities and a reduction in interest rate to 12% per annum payable at the new maturity dates of February 10, 2024, February 23, 2024 and...
2023-03-16 9:24 AM EDT
High Fusion Announces the Sale of Its Colorado Property, Repayment of Debentures and Settlement of Director's Compensation
Toronto, Ontario--(Newsfile Corp. - March 13, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that on March 9, 2023, it closed the sale of the Company's property in Pueblo Colorado ("Property") with funds received on March 10, 2023 to be applied to the repayment of the 2020 Debentures. The Company also announces settlement of director's fees.Colorado Property Sale and Repayment of 2020 DebenturesUnder the terms of a purchase agreement for the sale...
2023-03-13 9:12 AM EDT
High Fusion and Its Psychedlics Subsidiary Neural Therapeutics Enter into Amended and Restated Arrangement Agreement
Toronto, Ontario--(Newsfile Corp. - February 28, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has entered into an amended and restated arrangement agreement, effective February 24, 2023 with (the "Agreement") with Neural Therapeutics Inc. ("Neural") with respect to the distribution of a part of High Fusion's shareholdings in Neural to High Fusion shareholders (the "Transaction" or the "Plan of Arrangement").High Fusion CEO John Durfy...
2023-02-28 8:46 AM EST
High Fusion Inc. Announces a Licensing Agreement for Direct Delivery of Cannabis in California and Amendments to Debentures
Toronto, Ontario--(Newsfile Corp. - February 23, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that yesterday it has entered into a licensing agreement ("Licensing Agreement") with MJ Direct Inc. and has an agreement to amend certain terms of the August 2018 senior secured convertible debentures ("Debentures").MJ Direct agreementThe Licensing Agreement with MJ Direct Inc. pertains to the licensing of a software application for direct delivery of...
2023-02-23 8:51 AM EST
High Fusion Inc. Extension of Debentures
Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce an extension of the term of the August 2018 senior secured debentures ("Debentures") from February 3, 2023 to March 3, 2023.The extension of the Debentures has been approved by the majority of the holders of the Debentures. The Company expects that the maturity of the Debentures to be extended further in the context of additional contemplated near...
2023-02-07 4:30 PM EST
High Fusion Inc. Announces Replacement of Director
Toronto, Ontario--(Newsfile Corp. - January 31, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announces the replacement of one of its directors.Effective immediately, Aaron Johnson has resigned his position as director of the Company. The board position will be replaced by Mr. Ross Mitgang. Ross currently serves as controller of Plaza Capital, a boutique merchant banking and advisory firm and is a director on several public and private companies."We would like to thank...
2023-01-31 4:45 PM EST
High Fusion Inc. Announces Change to Board of Directors and Compensation to Management and Directors
Toronto, Ontario--(Newsfile Corp. - January 20, 2023) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announces the replacement of one of its directors and grant of compensation to management and directors.Effective immediately, Lincoln Fish has resigned his position as director and executive of the Company. The board position will be replaced by Austin Birch who will be included in the proposed slate of directors at the upcoming meeting of the shareholders to be announced...
2023-01-20 4:45 PM EST
High Fusion Inc. Announces Closing of Investments
Toronto, Ontario--(Newsfile Corp. - December 28, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has successfully completed two investments in the aggregate amount of approximately US$250,000.The first investment of US$100,000 ($135,000) represents a purchase of 1,350,000 multiple voting shares of the Company at a price of $.10 per share based on the price of the listed subordinate voting shares as determined by policies of the Canadian...
2022-12-28 12:57 PM EST
High Fusion Announces Application for Management Cease Trade Order Is Denied
Toronto, Ontario--(Newsfile Corp. - November 17, 2022) - High Fusion Inc. (CSE: FUZN) (OTC Pink: SPLIF) ("High Fusion" or the "Company") announces that its request for a Management Cease Trade Order ("MCTO") was denied on November 16, 2022, by the Ontario Securities Commission ("OSC").Pursuant to National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"), the Company notified OSC on November 15, 2022, that it anticipated a delay in filing its financial statements for the year-ended...
2022-11-17 9:50 AM EST
High Fusion Announces Application for Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - November 15, 2022) - High Fusion Inc. (CSE: FUZN) (OTC Pink: SPLIF) ("High Fusion" or the "Company") announces today that it has made an application to the Ontario Securities Commission to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"), which, if granted, will prohibit trading in securities of the Company by its Chief Executive Officer and Chief Financial Officer so long...
2022-11-15 2:13 PM EST
High Fusion and Its Psychedelics Subsidiary Neural Therapeutics Enter into Arrangement Agreement
Toronto, Ontario--(Newsfile Corp. - November 4, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement (the "Agreement") with Neural Therapeutics Inc. ("Neural") with respect to the distribution of a approximately one quarter of High Fusion's shareholdings in Neural to High Fusion shareholders ("Transaction").High Fusion CEO John Durfy commented, "This strategic spin-out of our holdings in...
2022-11-04 8:00 AM EDT
High Fusion's Psychedelics Subsidiary Neural Therapeutics Announces Significant Business and Corporate Milestones
Toronto, Ontario--(Newsfile Corp. - September 12, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce a corporate strategy update of its partially-owned subsidiary, Neural Therapeutics Inc. ("Neural").Intellectual Property AchievementsIn partnership and collaboration with its extraction partners based in Nevada, Neural has developed a new and novel extraction methodology for full spectrum Mescaline and Mescaline isolate from the San Pedro plant. Neural...
2022-09-12 9:04 AM EDT
High Fusion Inc. Announces Amendment to Debentures
Toronto, Ontario--(Newsfile Corp. - August 3, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce an extension of the term of the August 2018 senior secured debentures ("Debentures") from August 3, 2022 to February 3, 2023.With the extension of the maturity date of the Debentures, the interest on the debentures to maturity will increase to 24% per annum. One half of the interest on the Debentures shall be added to the principal amount...
2022-08-03 9:22 AM EDT