High Fusion Inc. Announces Change of Auditor
Toronto, Ontario--(Newsfile Corp. - July 21, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announces that it has changed its auditors from Harbourside CPA LLP (the "Former Auditor") to BF Borgers CPA PC (the "Successor Auditor"). The Former Auditor resigned as the auditor of the Company effective July 14, 2021. The Company has appointed the Successor Auditor on July 18, 2021, until the next annual shareholders' meeting of the Company.The Company confirms that there...
2022-07-21 8:10 AM EDT
High Fusion Inc. Announces Financial Results for the Third Quarter Ending April 30, 2022
Toronto, Ontario--(Newsfile Corp. - July 4, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce its financial results for the third quarter ended April 30, 2022.Third Quarter HighlightsDuring the third quarter and nine-month period ended April 30, 2022, the Company achieved sales of $1,294,792 and $4,668,401 respectively compared with $50,753 during the corresponding periods of 2021. This increase was due to the inclusion of the business of OutCo Labs...
2022-07-04 2:16 PM EDT
High Fusion Announces Application for Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - June 24, 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, Chief Financial Officer and certain...
2022-06-24 6:51 PM EDT
High Fusion Announces Changes to Its Board of Directors
Toronto, Ontario--(Newsfile Corp. - June 20, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has added two new members to its board of directors. Rachel Wright CPA will join the board and chair the audit committee and Lincoln Fish, co-founder of OutCo and now head of the California operations for High Fusion Inc. The appointment of Rachel Wright and Lincoln Fish to the board is subsequent to the...
2022-06-20 9:15 AM EDT
High Fusion Enters into Agreement to Sell Dispensary and Closes Financing
Toronto, Ontario--(Newsfile Corp. - June 17, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has signed an agreement to sell its San Diego Natural dispensary in Escondido, California ("SDN"). In addition, the Company has agreed to enter into a one-year, secured loan facility in the principal amount of US$400,000 ("Second Loan Facility"). As part of the acquisition of the business of OutCo Labs in 2021, the Company acquired...
2022-06-17 11:21 AM EDT
High Fusion Announces Payables Conversions
Toronto, Ontario--(Newsfile Corp. - April 29, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that yesterday it has completed a conversion of certain outstanding payables. The Company has settled outstanding payables representing $434,524.87 with the issuance of subordinate voting shares of the Company ("Payables Conversion"). Pursuant to the Payables Conversion, High Fusion has issued 8,301,637 subordinate voting shares. Following the completion...
2022-04-29 10:05 AM EDT
High Fusion Inc. Announces Financial Results for the Second Quarter Ending January 31, 2022
Toronto, Ontario--(Newsfile Corp. - April 4, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce its financial results for the second quarter ended January 31, 2022.First Quarter HighlightsDuring the quarter ended January 31, 2022 the Company achieved sales of $2,061,750 compared with $0 during the corresponding quarter of 2021. This increase was due to the inclusion of the business of OutCo Labs Inc. ("OutCo") acquired in the first quarter.During the...
2022-04-04 10:37 AM EDT
High Fusion Closes Financing
Toronto, Ontario--(Newsfile Corp. - March 14, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has agreed to enter into a one-year, secured, loan facility in the principal amount of US$472,500 ("Loan Facility"). "We have entered into this loan as a bridge financing to an anticipated asset sale by the Company," said Robert Wilson, Chief Financial Officer of High Fusion. "This financing provides the Company with working capital...
2022-03-14 4:30 PM EDT
High Fusion Signs a Distribution Agreement with Punch Edibles and Closes Financing
Toronto, Ontario--(Newsfile Corp. - March 4, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it has signed a distribution agreement with Punch Edibles. Effective immediately, Punch Media LLC have agreed to distribute High Fusion's products through its subsidiary, Punch Edibles which sells to approximately 300 stores throughout California. The Company together with Punch will be working with a defined marketing budget to promote its...
2022-03-04 7:30 AM EST
High Fusion Announces Debt and Payables Conversions
Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that it will complete a conversion of its second secured debentures and certain outstanding payables.Holders of all the Company's 9% Subordinated Secured Convertible Debentures (the "Debentures") have approved an amendment to the conversion price from $4.00 to $0.06 and in connection there with have agreed to convert such indebtedness into subordinate...
2022-02-14 5:41 PM EST
High Fusion Psychedelic Cacti-Focused Subsidiary Closes $750,000 Seed Financing
Toronto, Ontario--(Newsfile Corp. - February 3, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce that its subsidiary, Neural Therapeutics Inc. ("Neural Therapeutics"), formerly Psychedelic Science Corp. has closed a financing for gross proceeds of $750,000 ("Financing"). Neural TherapeuticsT
2022-02-03 6:24 PM EST
High Fusion Inc. Announces RSU Grant to Management and Directors
Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announces the grant of restricted share units to management and directors.The compensation committee and board of directors of the Company have approved the grant of 8,773,000 restricted share units (RSUs) to officers and directors of the Company. These RSUs will expire 3 years from the date of issue and have fully vested. About High Fusion Inc. High Fusion Inc. (formerly...
2022-01-31 4:15 PM EST
High Fusion Inc. Announces Financial Results for the First Quarter Ending October 31, 2021
Toronto, Ontario--(Newsfile Corp. - January 20, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce its financial results for the first quarter ended October 31, 2021.First Quarter Financial HighlightsOn August 31, 2021 the Company closed the acquisition of the business of OutCo Labs Inc. ("OutCo") through the purchase of substantially all the assets associated with the business including: control and management of all licenced entities; intellectual...
2022-01-20 8:32 AM EST
High Fusion Inc. Provides an Update to the Management Cease Trade Order and Correction to News Release Dated November 26, 2021
Toronto, Ontario--(Newsfile Corp. - January 14, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") provides this bi-weekly default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203"). In the Company's initial default announcement of December 16, 2021 (the "Default Notice"), the Company announced the delay in the filing of its audited annual financial statements for the first quarter ended October 31,...
2022-01-14 4:15 PM EST
High Fusion Inc. Announces the Filing of a Business Acquisition Report and Audited Financials for Its Recent California Acquisition
Toronto, Ontario--(Newsfile Corp. - January 4, 2022) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce the filing of a business acquisition report including financial results for the California business acquired from OutCo Labs Inc. ("OutCo") in August 2021. "We are pleased to report that our California business acquired in August 2021 performed well during the past 2 years with revenues in excess of $10MM and breakeven EBITDA," stated John Durfy, CEO of...
2022-01-04 9:25 AM EST
High Fusion Announces Granting of Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - December 31, 2021) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announced that, as requested by the Company, it has been granted a Management Cease Trade Order ("MCTO") today by the Ontario Securities Commission ("OSC") as a result of its December 16, 2021 announcement that it would be late in filing its interim financial statements for the three month period ended October 31, 2021 and related Management's Discussion & Analysis, and CEO...
2021-12-31 7:55 PM EST
High Fusion Announces Application for Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - December 16, 2021) - High Fusion Inc. (CSE: FUZN) ("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, Chief Financial Officer and certain other insiders of...
2021-12-16 6:18 PM EST
High Fusion Inc. Announces Financial Results for the Fiscal Year Ending July 31, 2021
Toronto, Ontario--(Newsfile Corp. - December 15, 2021) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") is pleased to announce its financial results for the fiscal year ended July 31, 2021.Fiscal 2021 Financial HighlightsFor the year ended, July 31, 2021, revenues from Calyx Brands Inc. ("Calyx") have been categorized as discontinued operations and therefore the reported revenues for 2021 are negligible and only represent the business of Palo Verde LLC ("Palo Verde") which was...
2021-12-15 9:25 AM EST
High Fusion Announces Issuance of Failure-To-File Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - December 6, 2021) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company") announces that, on Friday December 3, 2021, the Ontario Securities Commission (the "OSC") issued a Failure-to-File Cease Trade Order against the Company (the "FFCTO") as a result of the Company not having filed audited financial statements on or before November 29, 2021 for the year ended July 31, 2021 (the "Audited Financial Statements"). The FFCTO, a copy of which has been...
2021-12-06 4:40 PM EST
High Fusion: Correction to News Release Dated November 24, 2021
Toronto, Ontario--(Newsfile Corp. - November 24, 2021) - High Fusion Inc. (CSE: FUZN) ("High Fusion" or the "Company"), announces that the original news release captioned "High Fusion Announces Receipt of Recreational Licences and Issuance of Securities Under the Earnout and Other Issuances" published on November 24, 2021 referred, incorrectly, to the number of multiple voting shares issued under the earnout as 3,623,243 where the correct number issued was 2,684,318.Below is the corrected...
2021-11-24 5:27 PM EST