| 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 shortly. "We would like to thank Lincoln for his role in the growth of OutCo Labs Inc. and his continued work with High Fusion since we acquired the business in October 2021," said John Durfy, CEO of High Fusion. "Lincoln's position on the board of the Company will be filled by a co-founder of OutCo, Austin Birch who we welcome as a director." In addition, the compensation committee and board of directors of the Company have approved th e grant of 6,625,000 restricted share units (RSUs) and $214,000 in deferred compensation to officers and directors of the Company. The RSUs will expire 3 years from the date of issue and are fully vested. There is insufficient availability under the Company's Option Plan and RSU Plan to settle these director fees at the current time and, as such, this obligation will be settled at a later date. About High Fusion Inc. High Fusion Inc. (formerly Nutritional High International Inc.) is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pre-rolls, vapes, edibles and oil extracts for medical and adult recreational use. The Company operates and controls licenses in California and Colorado. High Fusion has manufacturing, retail and grow operations in California through its acquisition of the business of OutCo The Company's brand portfolio includes its award winning FL™ edibles and vape producti on addition to the OutCo and Thrive brands recently acquired. For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please visit www.high-fusion.com. For further information, please contact:
High Fusion Inc.
Robert Wilson, Chief Financial Officer
416-666-4005
Email: rwilson@nutritionalhigh.com |