Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 428

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 4
Chunk 428
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    Proceeds from sale of common stock 
     13,300  
     91,518 
  
    Proceeds from short term loan 
     -  
     9,378 
  
    Payments on short term loan 
     -  
     (4,518)
  
    Contributed capital - related party 
     7,000  
     10,502 
  
    Proceeds from convertible notes payable - related party 
     51,000  
     40,000 
  
    Proceeds from (repayments of) short-term loan - related party 
     1,500  
     (950)
  
    Net Cash Provided by Financing Activities 
     72,800  
     145,930 

    Net increase (decrease) in cash and cash equivalents 
     (37,827) 
     19,856 
  
    Cash and cash equivalents, beginning of period 
     38,390  
     18,534 
  
    Cash and cash equivalents, end of period 
    $563  
    $38,390 

    Supplemental cash flow information 

    Cash paid for interest 
    $200  
    $2,470 
  
    Cash paid for taxes 
    $-  
    $- 

    Non-cash investing and financing activities: 

    Cancellation of shares of common stock 
    $475  
    $- 
  
    Settlement of lease obligation 
    $-  
    $18,968 

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

F-5

THE
CANNAISSEUR GROUP, INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

December
31, 2024 and 2023

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