Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 22

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 22
---
 cash proceeds of $5,000.

On
May 17, 2024, the Company issued 1,000,000 shares of common stock with a fair value of $230,000 to one of its directors
as compensation.

On
June 4, 2024, the Company issued 1,000,000 shares of common stock with a fair value of $230,000 to its Chief Executive
Officer as compensation for ongoing services.

On
June 4, 2024, the Company issued 1,000,000 shares of common stock with a fair value of $230,000 to its Interim Chief Financial
Officer as compensation for ongoing services.

On
June 30, 2024, the Company issued 500,000 shares of common stock with a fair value of $115,000 to its Corporate Secretary
as compensation for ongoing services.

15

On
June 30, 2024, the Company issued 500,000 shares of common stock with a fair value of $115,000 to one of its directors
as compensation.

On
June 30, 2024, the Company issued 400,000 shares of common stock with a fair value of $115,000 for services.

During
the three months ended June 30, 2024, the Company cancelled 4,750,000 shares of common stock which were held by service providers.
These service providers returned these shares to the Company as the services were not performed. The Company recorded the cancellation
of these shares at their par value and charged the amount of $475 to additional paid-in capital.

During
the three months ended June 30, 2024, the Company received capital contributions from a related party in the amount of $4,000.

10.
Segment Information

The
Company operates in one reportable segment: CBD hemp products for retail. Through its majority owned subsidiary, Atlanta CBD, the Company
offers a variety of CBD wellness products for sale directly to customers via its website. The Company has determined that it operates
in one reportable segment, because the chief operating decision maker (“CODM”) reviews financial information for our entire
consolidated operations when making decisions related to assessing operating performance.

The
accounting policies of the single segment are the same as those described in the summary of significant accounting policies. The Company’s
CODM includes the chief executive officer and chief financial officer. The COD