Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 32

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 32
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 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 of which
may affect our working capital requirements.

Inflation

The
amounts presented in our consolidated financial statements do not provide for the effect of inflation on our operations or financial
position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging
operations with amounts that represent replacement costs or by using other inflation adjustments.

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis. For the twelve months ended December 31, 2024, the Company
had a net loss of $1,273,006, net cash used in operating activities of $110,627, negative working capital of $227,237, an accumulated
deficit of $1,714,976 and total stockholders’ deficit of $341,575. These matters raise substantial doubt about the Company’s
ability to continue as a going concern for a period of one year from the date of this filing. The Company’s ability to continue
as a going concern is dependent upon its ability to obtain the necessary financing to meet its obligations and repay its liabilities
arising from normal business operations when they come due, to fund possible future acquisitions, and to generate profitable operations
in the future. Management plans to provide for the Company’s capital requirements by continuing to issue additional equity and