Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 101

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1A
Chunk 101
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 the market price of our common stock. Finally, upon bankruptcy or liquidation,
holders of our debt securities and shares of preferred stock and lenders with respect to other borrowings will receive a distribution
of our available assets prior to the holders of our common stock. Additional equity offerings may dilute the holdings of our existing
stockholders or reduce the market price of our common stock, or both.

Requirements
associated with being a reporting public company will require significant company resources and management attention.

We
have filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (“SEC”). -We are subject
to the reporting requirements of the Exchange Act and the other rules and regulations of the SEC relating to public companies. We are
working with independent legal, accounting and financial advisors to identify those areas in which changes should be made to our
financial and management control systems to manage our growth and our obligations as an SEC reporting company. These areas include
corporate governance, internal control, internal audit, disclosure controls and procedures and financial reporting and accounting
systems. We have made, and will continue to make, changes in these and other areas, including our internal control over financial
reporting. However, we cannot provide assurances that these and other measures we may take will be sufficient to allow us to satisfy
our obligations as an SEC reporting company on a timely basis.

In
addition, compliance with reporting and other requirements applicable to SEC reporting companies will create additional costs for the
Company and will require the time and attention of management and may require the hiring of additional personnel and legal, audit and
other professionals. We cannot predict or estimate the amount of additional costs we may incur, the timing of such costs or the impact
that our management’s attention to these matters will have on our business.

We
are an emerging growth company and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies,
our common stock may be less attractive to investors.

We
are an emerging growth company, as defined in the JOBS Act, and we are eligible to take advantage of certain exemptions from various
reporting requirements applicable to other public companies, but not to emerging growth companies, including, but not limited to, a requirement
to present only two years of audited financial statements, an exemption from the auditor attestation requirement of Section 404
of the Sarbanes-Oxley Act, reduced disclosure about executive compensation arrangements pursuant to the rules applicable to smaller reporting
companies and no requirement to seek non-binding