Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 36

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 36
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 Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error
or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits
provide a reasonable basis for our opinion.

Critical
Audit Matter

The
critical audit matter communicated below are arising from the current period audit of the financial statements that were communicated
or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial
statements and (2) involved our especially challenging, subjective, or complex judgments. The communication of critical audit matter
does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit
matter below, providing separate opinions on the critical audit matter or on the accounts or disclosures to which they relate.

As
discussed in Note 1 to the financial statements, the Company had a going concern due to a negative working capital and consecutive losses
from operations.

Auditing
management’s evaluation of a going concern can be a significant judgment given the fact that the Company uses management estimates
on future revenues and expenses which are not able to be substantiated.

To
evaluate the appropriateness of the going concern, we examined and evaluate the financial information that was the initial cause along
with managements’ plans to mitigate the going concern and managements’ disclosure on going concern.

/s/
M&K CPAS, PLLC

We
have served as the Company’s auditor since 2021.

The
Woodlands, Texas

March
21, 2025

F-1

THE
CANNAISSEUR GROUP, INC.

CONSOLIDATED
BALANCE SHEETS

    December 31,  
    December 31, 

    2024  
    2023 
  
    ASSETS 

    Current Assets: 

    Cash 
    $563  
    $38,390 
  
    Accounts receivable 
     285  
     - 
  
    Inventory 
     1,028  
     5,303 
  
    Total current assets 
     1,