Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 20

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 20
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 interest in the amount of $693 and $1,350, respectively, on this note.

On
February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to each of its Chief
Executive Officer and 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.

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 and six months ended June 30, 2025, the Company received capital contributions from related parties in the amounts of $0 and
$1,000, respectively. During the three and six months ended June 30, 2024, the Company received capital contributions from related parties
in the amounts of $4,000 and $5,000, respectively.

8.
Mezzanine Equity

Mezzanine
equity, as of June 30, 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 June
30, 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 June 30, 2025 and December 31,
2024, the Company had 49,756,779 and 44,337,557 shares of common stock, respectively, issued and outstanding.

Equity
transactions during the six months ended June 30