Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 28

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 28
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 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.

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.

On July 31, 2024, the Company sold 10,000 shares
of common stock at a price of $0.23 per share for cash proceeds of $2,300.

During the nine months ended September 30, 2024,
the Company received capital contributions from a related party in the amount of $7,000.

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 CODM assesses performance for the single segment based on gross profit, net income (loss) and
significant expenses, as shown below. The measure of