Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 13

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 13
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 controls to monitor and mitigate these threats,
there can be no assurance that these procedures and controls will be sufficient to prevent penetrations or disruptions to our systems.
Furthermore, a penetrated or compromised data system or the intentional, inadvertent or negligent release or disclosure of data could
result in theft, loss, fraudulent or unlawful use of customer, employee, or company data which could harm our reputation or result in
remedial and other costs, fines or lawsuits and require significant management attention and resources to be spent. In addition, our
insurance coverage and indemnification arrangements that we enter into, if any, may not be adequate to cover all the costs related to
cyber security attacks or disruptions resulting from such events.

Risks
Relating to Our Financial Condition

All
businesses are affected by an unstable economy.

Even
though there may be downturns in the economy, consumers will always need essential goods and services regardless of the economy. However,
economic downturns almost inevitably signal cutbacks in overall spending, which would translate specifically to us as decreased revenue,
if any, as we expect that part of our income stream will be commissions on customer purchases and interest on customers’ balances.

We
have a limited operating history and operate in a new industry, and we may not succeed.

The
consumer products business is a highly competitive and risky business, and such competition from companies much bigger than us could
adversely affect our operating results.

We
compete with many national, regional, and local businesses. We could experience increased competition from existing or new companies
in our channel, which could create increasing pressures to grow ours. If we are unable to maintain our competitive position, we could
experience downward pressure on prices, lower demand for our products, reduced margins, the inability to take advantage of new business
opportunities and the loss of channel share, which would have an adverse effect on our operating results. Other factors that could affect
our business are:

    ●
    Consumer
    tastes

    ●
    National,
    regional, or local economic conditions

    ●
    Disposable
    purchasing power

    ●
    Demographic
    trends; and

    ●
    The
    price of special ingredients that go into our products.

11

Our
financial statements may not be comparable to those of other companies.

Pursuant
to Section 107(b) of the JOBS Act, we have elected to use the extended transition period for complying with new or revised accounting
standards under Section