Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 550

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 6
Chunk 550
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 online only, and no longer operates a physical retail store. The Company may reopen a physical store or
stores in the future if it is advantageous to its operations.  

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction
of liabilities in the normal course of business. The Company has a cumulative net loss since inception of $1,714,976, a working capital
deficit of $227,237, and has required additional capital raises to support its operations. These factors raise substantial doubt about
the ability of the Company to continue as a going concern for a reasonable period of time. The Company’s continuation as a going
concern is dependent upon its ability to create positive cash flows from operations and its ability to continue receiving capital from
shareholders and other related parties and obtain financing from third parties. No assurance can be given that the Company will be successful
in these efforts.

As
a result, management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern within
one year of the date that the accompanying financial statements are issued. The ability of the Company to continue as a going concern
is dependent upon the Company’s ability to raise additional funds and implement its business plan, and to ultimately achieve sustainable
operating revenues and profitability. The accompanying financial statements do not include any adjustments that might be necessary if
the Company is unable to continue as a going concern.

If
cash resources are insufficient to satisfy the Company’s ongoing cash requirements, the Company would be required to obtain funds,
if available, although there can be no certainty, from its shareholders or officers.

2.
Basis of Presentation and Summary of Significant Accounting Policies

Basis
of Presentation 

The
Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”)
and the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) and include the accounts of The Cannaisseur
Group, Inc. and Atlanta CBD.

F-6

The
consolidated financial statements include the accounts of the Company and its majority owned subsidiary Atlanta CBD. At the time of the
Atlanta CBD Acquisition, Floretta Gogo and Xavier Carter owned the majority of Atlanta CBD and controlled the voting rights. Ms. Gogo
and Mr. Carter also controlled 38% of The Cannaisseur Group’s voting rights and were the CEO and COO