Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 135

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 135
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6.5% and has a maturity date of December 26, 2025. The Legacy Foundation Note is convertible into common stock at a
conversion price of $0.015, at the option of the holder any time prior to repayment. During the year ended December 31, 2024 and 2023,
the Company accrued interest in the amount of $2,643 and $36, respectively, on this note.

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.

On
May 17, 2024, the Company issued 1,000,000 shares of common stock with a fair value of $230,000 to one of its directors as compensation.

On
June 4, 2024, the Company issued 1,000,000 shares of common stock with a fair value of $230,000 to each of its Chief Executive Officer
and Interim Chief Financial Officer as compensation for ongoing services.

On
June 30, 2024, the Company issued 500,000 shares of common stock with a fair value of $115,000 to its Corporate Secretary as compensation
for ongoing services.

On
June 30, 2024, the Company issued 500,000 shares of common stock with a fair value of $115,000 to one of its directors as compensation.

During
the year ended December 31, 2024, the Company received capital contributions from related parties in the amounts of $7,000.

On
April 27, 2023, the Company issued 914,286 shares of common stock to a related party for cash proceeds in the amount of $20,000 ($0.022
per share).

On
May 10, 2023, the Company sold 1,066,666 shares of common stock at a price of $0.015 per share for cash proceeds of $16,000 to each of
two related party investors (a total of 2,133,332 shares of common stock for aggregate cash proceeds of $32,000).

During
the year ended December 31, 2023, the Company received capital contributions from related parties in the amounts of $10,502.

8.
Mezzanine Equity

Mezzanine
equity, as of December 31