Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 21

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 21
---
, 2025:

On
January 22, 2025, the Company sold 642,857 shares of common stock at a price of $0.14 per share for cash proceeds of $90,000.

On
February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Executive
Officer as compensation for ongoing services.

On
February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Financial
Officer as compensation for ongoing services.

On
February 4, 2025, the Company issued 1,000,000 shares of common stock with a fair value of $140,000 to its Corporate Secretary
as compensation for ongoing services.

One
June 2, 2025, the Company issued 76,365 shares of common stock, with a fair value of $10,691, for the conversion of principal and accrued
interest on notes payable in the amount of $11,454. The Company recognized a gain on conversion of debt in the amount of $763 in additional
paid-in capital.

One
June 2, 2025, the Company cancelled 300,000 shares of common stock held by a former director, who returned the shares to the
Company upon his resignation from the Board of Directors. The Company recorded the cancellation of these shares at their par value and
charged the amount of $30 to additional paid-in capital.

Equity
transactions during the six months ended June 30, 2024:

On
January 16, 2024, the Company received capital contributions from a related party in the amount of $1,000.

On
February 28, 2024, the Company’s Board of Directors approved the issuance of 1,000,000 shares of common stock with a fair value
of $15,000 to its Chief Executive Officer as a bonus.

On
February 28, 2024, the Company’s Board of Directors approved the issuance of 1,000,000 shares of common stock with a fair value
of $15,000 to its Interim Chief Financial Officer as a bonus.

On
May 8, 2024, the Company sold 21,740 shares of common stock at a price of $0.23 per share for