Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 90

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 90
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 to protect our brand and branded products.
The success of our business depends on our continued ability to use our existing and future trademarks to increase brand awareness and
further develop our branded products in both domestic and international markets. We have registered, or will register, certain trademarks
in the United States and may elsewhere. We may not be able to adequately protect our trademarks and our use of these trademarks may result
in liability for trademark infringement, trademark dilution or unfair competition. We may from time to time be required to institute
litigation to enforce our trademarks or other intellectual property rights, or to protect our trade secrets. Such litigation could result
in substantial costs and diversion of resources and could negatively affect our sales, profitability and business results regardless
of whether we are able to successfully enforce our rights.

Pandemics,
natural disasters and geo-political events could adversely affect the Company’s business.

Pandemics,
natural disasters, including hurricanes, cyclones, typhoons, tropical storms, floods, earthquakes and tsunamis, weather conditions, including
winter storms, droughts and tornadoes, whether as a result of climate change or otherwise, and geo-political events, including civil
unrest or terrorist attacks, that affect the Company, or other service providers, could adversely affect the Company’s business.

We
do not have any outside Board of Directors which could create a conflict of interests and pose a risk from a corporate
governance perspective.

Our
Board of Directors consists of five directors, which means that we have no outside or independent directors. The lack of independent
directors may prevent the Board from being independent from management in its judgments and decisions and its ability to pursue the Board
responsibilities without undue influence. For example, an independent Board can serve as a check on management, which can limit management
taking unnecessary risks. Furthermore, the lack of independent directors creates the potential for conflicts between management and the
diligent independent decision-making process of the Board. Furthermore, our lack of outside directors deprives our company of the benefits
of various viewpoints and experience when confronting the challenges we face. With no independent director sitting on the Board of Directors,
it will be difficult for the Board to fulfill its traditional role as overseeing management.

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Cyber
security risks and the failure to maintain the integrity of internal, partner, and consumer data could result in damages to our reputation,
the disruption of operations and/or subject us to costs, fines or lawsuits.

We
have and will continue