Company: TCRG
Filing Date: 2025-09-09
Form Type: 10-Q
Source: 0001185185-25-001156
Chunk: 24

Company: Cannaisseur Group Inc.
Filing Date: 2025-09-09
Form: 10-Q
Item: Item 1
Chunk 24
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     - 
  
    Other 
     452  
     134  
     545  
     253 
  
    Total operating expenses 
     77,207  
     1,069,581  
     924,115  
     1,153,777 

    Other expense 

    Interest expense 
     1,640  
     1,560  
     3,351  
     3,100 
  
    Total other expense 
     1,640  
     1,560  
     3,351  
     3,100 

    Net loss 
     (79,129) 
     (1,071,626) 
     (927,912) 
     (1,158,956)

    Reconciliation of loss 

    Adjustments and reconciling items 
     -  
     -  
     -  
     - 
  
    Net loss 
     (79,129) 
     (1,071,626) 
     (927,912) 
     (1,158,956)

16

11.
Commitments and Contingencies

Legal
Matters

The
Company leased its retail store in Atlanta, Georgia under a five-year lease executed on January 24, 2019. The monthly cash payment for
this operating lease was approximately $2,000 per month, with the lease term ending on December 24, 2023. On August 14, 2023, the Landlord
initiated a civil action against the Company and Guarantors styled AP 1039 Grant St., LLC v. Inno Medicinals LLC, a/k/a InnoMedicals
Atlanta CBD, Inc., Xavier Carter, and Floretta Gogo, State Court of DeKalb County, Georgia, Case No. 23A03681 for failing to pay
amounts owed under the lease. The Company and Guarantors filed counterclaims against the Landlord for breach of fiduciary duties, breach
of contract, and attorney’s fees.

On
October 18, 2023, the Company entered into a Lease Termination and Settlement Agreement (the “Settlement Agreement”) with
the Landlord, under which the Company surrendered the leased premises, and settled all outstanding obligations and debts. According to
the terms of the Settlement Agreement, the