Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 169

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1B
Chunk 169
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 Ukraine, inflation and Federal Reserve interest rate increases in response thereto on the economy including the potential
for a recession, downturn in economic activity and the capital markets and a resulting reduction in demand for our offerings, declines
in expenditures for digital marketing campaigns and a trend towards in-housing those functions, our limited operating history and revenue,
our ability to effectively navigate challenges posed by the complex industries we serve including the potential for rapid and unpredictable
technological change, regulatory burdens and an intense competitive environment. We undertake no obligation to publicly update or revise
any forward-looking statements, whether as the result of new information, future events or otherwise.

Background
of the Company

The
Cannaisseur Group, Inc. (the “Company” or “TCRG”) was established in December 2020. On January 4, 2021 the Company
acquired a fifty-one percent (51%) interest in Atlanta CBD Inc. (d/b/a as Inno Medicinals) (“Atlanta CBD”). Atlanta CBD was
formed to engage in hemp cultivation, extraction, manufacturing, distribution, and retail sales through CBD stores. The Company, however,
has now transitioned into a health and wellness company, with the aim of promoting and selling health and wellness products, including
CBD-related products. Currently, the Company’s only assets and operations consist of the 51% interest it owns in Atlanta CBD, Inc.
TCRG manages and operates Atlanta CBD’s business on a day-to-day basis. The Company intends to develop its own hemp cultivation,
extraction, and manufacturing business and work in conjunction with Atlanta CBD to grow the Company’s business operations.

Atlanta
CBD, at its inception, was a hemp products supplier and retailer. It sold its retail hemp products through trade name, Inno Medicinals,
located in Atlanta Georgia. Currently, Atlanta CBD, in order to better reflect the direction of TCRG, intends to sell health and wellness
products through its retail operations. The products offered for sale will also reflect the shift in strategy of TCRG.

Results
of Operations for the Year Ended December 31, 2024 as Compared to the Year Ended December 31, 2023 

Revenue

Revenue
was $700 for the twelve months ended December 31, 2024, compared to $53,130 for the twelve months ended December 31, 2023, a decrease
of $52,430, or 98.7%. The decrease in revenue was due to a decline in retail sales caused