Company: TCRG
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0001185185-25-000810
Chunk: 19

Company: Cannaisseur Group Inc.
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 19
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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.

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 each of its Chief Executive Officer
and Interim Chief Financial Officer as a bonus.

During the three months ended March 31, 2025 and
2024, the Company received capital contributions from related parties in the amounts of $0 and $1,000, respectively.

8. Mezzanine Equity

Mezzanine equity, as of March 31, 2025 and December
31, 2024, consists of 1,518 shares of preferred stock of Atlanta CBD with redeemable features that allow the investors (“Investors”)
to request repayment of their investment. The Investors are also entitled to profit distributions equal to the lesser of (i) 25% interest,
(ii) the difference between the ownership percentage of management and 50%, which will be distributed to management, until a 35% profit
goal achieved. Preferred shareholders are entitled to a return of their investment upon 15 days’ notice given to the Company after
any distribution. No payments have been made on the Mezzanine Equity as of March 31, 2025.

14

9. Stockholders’ Equity

The Company is authorized to issue up to 500,000,000
shares of common stock, $0.0001 par value per share. At March 31, 2025 and December 31, 2024, the Company had 49,980,414 and 44,337,557
shares of common stock, respectively, issued and outstanding.

Equity transactions during the three months
ended March 31, 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