Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 110

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 110
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 the
sale of common stock, contributed capital by related parties of $7,000, proceeds from convertible note payable of $51,000, and proceeds
from related party debt of $1,500.

For
the twelve months ended December 31, 2023, cash provided by financing activities of $145,930 consisted of $91,518 in proceeds from the
sale of common stock, $9,378 in proceeds from short term loans offset by repayments of $4,518, contributed capital by related parties
of $10,502, proceeds from convertible note payable of $40,000, and repayments of related party debt of $950.

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.

23

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.

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