Company: TCRG
Filing Date: 2025-08-28
Form Type: 8-K
Source: 0001185185-25-001088
Chunk: 1

Company: Cannaisseur Group Inc.
Filing Date: 2025-08-28
Form: 8-K
Item: Item 7.01
Chunk 1
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 of the consideration, TCRG issued convertible
preferred equity to the sellers and assumed approximately $500,000 in existing debt. Legacy TCRG shareholders will retain no less than6.5%of the post-transaction equity on a fully diluted basis.

The Company notes that it is currently delinquent
in its periodic disclosures with OTC Markets. These filings are in process and will be brought current shortly. The delay was primarily
attributable to the scope of diligence and legal coordination required to complete the transaction. Upon the filing of the Q2 quarterly
report, TCRG intends to re-establish current information status and initiate preparations for an OTCQB uplist.

The Company also expects that the transaction
will lead to increased liquidity, institutional engagement, and potential grant eligibility, particularly in the agriculture and functional
nutrition sectors. With substantial assets now in place, the Company intends to execute a disciplined operating strategy aligned with
national priorities in food resilience, domestic innovation, and advanced safety technologies.

The Company believes this transaction aligns with macro-level investment
trends - including federal support for agricultural infrastructure, demand for domestic protein innovation, and realignment of capital
toward resilient, revenue-generating platforms, providing TCRG with the tangible scale and operational profile that management believes
can support an eventual uplist trajectory, including NASDAQ candidacy.

The incoming management team are currently evaluating
strategic appointments, operational rollout plans, and potential downstream acquisitions. Additional details will be provided in the coming
months.

Forward-Looking Statements

This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are
forward-looking statements, including but not limited to statements regarding future operating plans, uplisting goals, financial performance,
integration of acquired assets, capital formation, and shareholder value creation. These statements involve known and unknown risks, uncertainties,
and other factors that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place
undue reliance on these forward-looking statements. The Company undertakes no obligation to update these statements, except as required
by law.

Item 9.01 Financial Statements and Exhibits.