Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 64

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 1
Chunk 64
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 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 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