Company: TCRG
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0001185185-25-000810
Chunk: 4

Company: Cannaisseur Group Inc.
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 4
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    Net Cash Used in Operating Activities 
     (68,663) 
     (57,481)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from sale of common stock 
     90,000  
     - 
  
    Contributed capital - related party 
     -  
     1,000 
  
    Proceeds from convertible notes payable - related party 
     -  
     40,000 
  
    Repayments of short-term loan - related party 
     (1,500) 
     - 
  
    Net Cash Provided by Financing Activities 
     88,500  
     41,000 

    Net increase (decrease) in cash and cash equivalents 
     19,837  
     (16,481)
  
    Cash and cash equivalents, beginning of period 
     563  
     38,390 
  
    Cash and cash equivalents, end of period 
    $20,400  
    $21,909 

    Supplemental cash flow information 

    Cash paid for interest 
    $536  
    $200 
  
    Cash paid for taxes 
    $-  
    $- 

The accompanying notes are an integral part of
these financial statements.

6

The Cannaisseur Group, Inc. 

Notes To the Condensed Consolidated Financial
Statements 

For The Three Months Ended March 31, 2025 and
2024

(Unaudited)

1. Organization and Nature of Operations 

Organization and Combination

The Cannaisseur Group, Inc. (the Company) was
incorporated in the State of Delaware on December 22, 2020.

On January 4, 2021, the Company acquired 51% of
the common stock of Atlanta CBD, Inc. (“Atlanta CDB”), (the “Atlanta CBD Acquisition”). Atlanta CBD, Inc. was
incorporated in the State of Georgia on October 17, 2018.

Principles of Consolidation

The consolidated financial statements include
the accounts of the Company and its majority owned subsidiary Atlanta CBD. At the time of the Atlanta CBD Acquisition, Floretta Gogo and
Xavier Carter owned the majority of Atlanta CBD and controlled the voting rights. Ms. Gogo and Mr. Carter also controlled 38% of The Cannaisseur
Group’s voting rights and were the