Company: TCRG
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0001185185-25-000810
Chunk: 26

Company: Cannaisseur Group Inc.
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 1
Chunk 26
---
 of common stock, borrowings and repayments of debt, and contributed capital from related parties.

For the three months ended March 31, 2025, cash
provided by financing activities was $88,500 consisting of $90,000 in proceeds from the sale of common stock, off set by repayments of
a short-term loan - related party in the amount of $1,500.

For the three months ended March 31, 2024, cash
provided by financing activities was $41,000 consisting of $40,000 in proceeds from convertible notes payable and contributed capital
by related parties of $1,000.

General

Historically, we have financed the Company through
a combination of debt and equity transactions. To meet future capital requirements, we plan to raise additional capital through the sale
of equity securities or through equity-linked or debt-financing arrangements, to the extent our operating cash flow is insufficient to
fund our operations in future periods.

The sale of additional equity or debt securities
may result in additional dilution to our shareholders. If we raise additional funds through the issuance of debt securities or preferred
stock, these securities could have rights senior to those of our common stock and could contain covenants that would restrict our operations.
Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing,
we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations which could
have a material adverse effect on our business, financial condition and results of operations.

19

TCRG expects to raise funds through private investors
and investment firms and is looking to secure a non-recourse loan for work capital and operating expenses. We intend to continue offering
smaller investment opportunities. Long term, we plan to seek larger amounts of investment to expand our operations. TCRG will also look
to attain a non-recourse loan of $50,000.

There can be no assurances that we will be able
to raise additional capital. The inability to raise capital would adversely affect our ability to achieve our business objectives. In
addition, if our operating performance during the next 12 months is below our expectations, our liquidity and ability to operate our business
could be adversely affected. We continue to monitor macro-economic factors such as inflationary pressures, continued Federal Reserve interest
rate hikes and recessionary fears, as well as trends within our industry, all of which may affect our working capital requirements