Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 27

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 27
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On July 31, 2025, the Company issued 1,932,435
shares of common stock, with a fair value of $270,541, for the conversion of principal and accrued interest on notes payable in the amount
of $44,209. The Company recognized a gain on conversion of debt in the amount of $142,086 in additional paid-in capital.

15

On August 14, 2025, the Company issued 757,500
shares of common stock for the conversion of investments made in Atlanta CBD. An aggregate of six investors converted a total of $37,875
in investments at a conversion price of $0.05. The fair value of the shares issued was $106,050, and the Company recognized a loss on
conversion in the amount of $68,175. See Note 8.

On August 17, 2025, the Company issued 380,000
shares of common stock, with a fair value of $53,200, for the settlement of accounts payable in the amount of $57,000. The Company recorded
a gain on settlement of accounts payable in the amount of $3,800.

During the nine months ended September 30, 2025,
the Company received capital contributions from related parties in the amounts of $18,650.

Equity transactions during the nine months
ended September 30, 2024:

On January 16, 2024, the Company received capital
contributions from a related party in the amount of $1,000.

On February 28, 2024, the Company’s Board
of Directors approved the issuance of 1,000,000 shares of common stock with a fair value of $15,000 to its Chief Executive Officer as
a bonus.

On February 28, 2024, the Company’s Board
of Directors approved the issuance of 1,000,000 shares of common stock with a fair value of $15,000 to its Interim Chief Financial Officer
as a bonus.

On May 8, 2024, the Company sold 21,740 shares
of common stock at a price of $0.23 per share for cash proceeds of $5,000.

On May 17, 2024, the Company issued 1,000,000 shares
of common stock with a fair value of $230,000 to one of its directors as compensation.

On June 4, 2024, the Company