Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 22

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 22
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 operating activities

    ●
    Available
    cash and cash investments

    ●
    Capital
    raised through debt and equity offerings

17

Current
conditions in the capital markets are such that traditional sources of capital may not be available to us when needed or may be available
only on unfavorable terms. Our ability to raise additional capital, if needed, will depend on conditions in the capital markets, economic
conditions and a number of other factors, many of which are outside our control. Accordingly, we cannot assure you that we will be able
to successfully raise additional capital at all or on terms that are acceptable to us. If we cannot raise additional capital when needed,
it may have a material adverse effect on our liquidity, financial condition, results of operations and prospects. Further, if we
raise capital by issuing stock, the holdings of our existing stockholders will be diluted.

If
we raise capital by issuing debt securities, such debt securities would rank senior to our common stock upon our bankruptcy or liquidation.
In addition, we may raise capital by issuing equity securities that may be senior to our common stock for the purposes of dividend and
liquidating distributions, which may adversely affect the market price of our common stock. Finally, upon bankruptcy or liquidation,
holders of our debt securities and shares of preferred stock and lenders with respect to other borrowings will receive a distribution
of our available assets prior to the holders of our common stock. Additional equity offerings may dilute the holdings of our existing
stockholders or reduce the market price of our common stock, or both.

Requirements
associated with being a reporting public company will require significant company resources and management attention.

We
have filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“SEC”). -We are subject
to the reporting requirements of the Exchange Act and the other rules and regulations of the SEC relating to public companies. We are
working with independent legal, accounting and financial advisors to identify those areas in which changes should be made to our
financial and management control systems to manage our growth and our obligations as an SEC reporting company. These areas include
corporate governance, internal control, internal audit, disclosure controls and procedures and financial reporting and accounting
systems. We have made, and will continue to make, changes in these and other areas, including our internal control over financial
reporting. However, we cannot provide assurances that these and other measures we may take will be sufficient to allow us to satisfy
our obligations as an SEC reporting