22:28:03 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



High Fusion Inc
Symbol FUZN
Shares Issued 53,168,509
Close 2022-06-24 C$ 0.02
Market Cap C$ 1,063,370
Recent Sedar Documents

High Fusion to be late in filing Q3 results

2022-06-24 19:01 ET - News Release

Mr. Robert Wilson reports

HIGH FUSION ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

High Fusion Inc. 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), which, if granted, will prohibit trading in securities of the company by its chief executive officer, chief financial officer and certain other insiders of the company, whether direct or indirect, so long as the third quarter 2022 filings (as defined below) remain outstanding. The issuance of an MCTO would generally not affect the ability of persons who are not, or who have not been, directors, officers or other insiders of the company to trade in the company's securities.

The company has determined that it is not able to meet the June 30, 2022, filing deadline for its third quarter interim financial statements, management's discussion and analysis, and the related chief executive officer and chief financial officer certification relating to the third quarter 2022 financial statements.

Although the company remains confident in its ability to complete the Q3 2022 filings, it requires an extension and has therefore applied for an MCTO. In particular, the company is co-ordinating specific tasks to be completed on a daily basis and will use its best efforts to complete the process within this timeline. The company anticipates that, subject to current conditions remaining the same, it will require approximately four additional weeks to complete the process and, in either event, will use its best efforts to complete the process within the timeline indicated.

The company intends to satisfy the provisions of the alternative information guidelines set out in sections 9 and 10 of NP 12-203 so long as the Q3 2022 filings are outstanding.

About High Fusion Inc.

High Fusion (formerly Nutritional High International Inc.) is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, prorolls, vapes, edibles and oil extracts for medical and adult recreational use. The company operates and controls licences in California, Colorado and Oregon.

High Fusion has manufacturing, retail and grow operations in California through its acquisition of the business of OutCo, and owns and operates oil extraction and edible manufacturing facilities in Colorado and Oregon. The company's brand portfolio includes its award-winning FLI edibles and vape product, along with a number of new brands, including Red Octopus and Dubbi Brothers, in addition to the OutCo and Thrive brands recently acquired.

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