Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 92

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 92
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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 102(b)(2) of The JOBS Act. This election allows us to delay the adoption of new or revised accounting standards
that have different effective dates for public and private companies until those standards apply to private companies. As a result, our
financial statements may not be comparable to companies that comply with public company effective dates, and our stockholders and
potential investors may have difficulty in analyzing our operating results if comparing us to such companies.

The
success of our new and existing products and services is uncertain.

We
have committed, and expect to continue to commit, significant resources and capital to develop and market existing product enhancements
and new products. We cannot assure that we will achieve market acceptance for all of our products, or of new products that we may offer
in the future. Moreover, these new products may be subject to significant competition with offerings by new and existing competitors.
In addition, new products and enhancements may pose a variety of challenges and require us to attract additional qualified employees.
The failure to successfully develop and market these new products or enhancements could seriously harm our business, financial condition
and results of operations.

We
cannot predict our future capital needs, and we may not