Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 267

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1C
Chunk 267
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 are met. The design of
a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative
to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance
that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include those
judgments in decision-making can be faulty and that breakdowns can occur because of simple errors or mistakes.

Additionally,
controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of
the control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events,
and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions; over
time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may
deteriorate. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and
not be detected.

Evaluation
of Disclosure Controls and Procedures

Our
disclosure controls and procedures are designed to ensure that information required to be disclosed in reports that we file or submit
under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the
SEC. Ms. Floretta Gogo, our Chief Executive Officer, and Mr. Xavier Carter, our Chief Financial Officer, have reviewed the effectiveness
of our “disclosure controls and procedures” (as defined in the Exchange Act Rules 13(a)-15(e) and 15(d)-15(e)) as of the
end of the period covered by this Annual Report on Form 10-K and have concluded that our disclosure controls and procedures are not effective
to ensure that material information relating to the Company is recorded, processed, summarized, and reported in a timely manner.

Changes
in Internal Controls over Financial Reporting

There
have been no changes in the Company’s internal control over financial reporting during the period covered by this report that have
materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Item
9B. Other Information

None.

Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Not
Applicable.

26

PART
III

Item
10. Directors, Executive Officers and Corporate Governance