Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 7

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 7
---
 Operating Activities 
     (107,570) 
     (98,158)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Proceeds from sale of common stock 
     90,000  
     7,300 
  
    Contributed capital - related party 
     18,650  
     7,000 
  
    Proceeds from convertible notes payable - related party 
     —  
     46,000 
  
    Repayments of short-term loan - related party 
     (1,500) 
     — 
  
    Net Cash Provided by Financing Activities 
     107,150  
     60,300 

    Net increase (decrease) in cash and cash equivalents 
     (420) 
     (37,858)
  
    Cash and cash equivalents, beginning of period 
     563  
     38,390 
  
    Cash and cash equivalents, end of period 
    $143  
    $532 

    Supplemental cash flow information 

    Cash paid for interest 
    $1,206  
    $200 
  
    Cash paid for taxes 
    $—  
    $— 

    Non-cash investing and financing activities: 

    Shares issued for conversion of convertible notes payable 
    $99,759  
    $— 
  
    Shares issued for conversion of accrued salaries 
    $211,000  
    $— 
  
    Shares issued for settlement of accounts payable 
    $57,000  
    $— 
  
    Shares issued for conversion of mezzanine equity 
    $37,875  
    $— 
  
    Cancellation of shares of common stock 
    $—  
    $475 

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 and Nine Months Ended September
30, 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