Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 142

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 142
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90-day
term, and no interest was accrued.

In
January 2025, the Company sold 642,857 shares of common stock at a price of $0.14 per share for cash proceeds of $90,000.

On
February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Executive Officer as
compensation for ongoing services.

On
February 4, 2025, the Company issued 2,000,000 shares of common stock with a fair value of $280,000 to its Chief Financial Officer as
compensation for ongoing services.

On
February 4, 2025, the Company issued 1,000,000 shares of common stock with a fair value of $140,000 to its Corporate Secretary as compensation
for ongoing services.

F-17

Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure

Not
Applicable.

Item
9A. Controls and Procedures

Conclusion
Regarding the Effectiveness of Disclosure Controls and Procedures

We
maintain a set of disclosure controls and procedures designed to ensure that information required to be disclosed by us in the reports
filed under the Securities Exchange Act, is recorded, processed, summarized and reported within the time periods specified by the Commission’s
rules and forms. Disclosure controls are also designed with the objective of ensuring that this information is accumulated and communicated
to our management, including our chief executive officer and principal financial officer, as appropriate, to allow timely decisions regarding
required disclosure. We evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the
Securities Exchange Act of 1934, as amended) as of the end of the period covered by this report. As a result of this evaluation, management
concluded that our disclosure controls and procedures were not effective as of December 31, 2024 for the same reasons that our internal
control over financial reporting was not effective.

Management’s
Annual Report on Internal Control Over Financial Reporting

Management
does not expect that its internal controls over financial reporting will prevent all errors and all fraud. Control systems, no matter
how well-conceived and managed, can provide only reasonable assurance that the objectives of the control system 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