Company: TCRG
Filing Date: 2025-03-21
Form Type: 10-K
Source: 0001185185-25-000206
Chunk: 602

Company: Cannaisseur Group Inc.
Filing Date: 2025-03-21
Form: 10-K
Item: Item 7
Chunk 602
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 affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities,
and the reported revenues and expenses.

Most
Recent accounting pronouncements

Refer
to Note 2 in the accompanying consolidated financial statements.

Impact
of Most Recent Accounting Pronouncements

There
were no recent accounting pronouncements that have had a material effect on the Company’s financial position or results of operations.

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
applicable.

25

Item
8. Financial Statements and Supplementary Data

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and

Shareholders
of The Cannaisseur Group, Inc.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of The Cannaisseur Group, Inc. (the Company) as of December 31, 2024 and 2023,
and the related consolidated statements of operations, changes stockholders’ equity / (deficit), and cash flows for each of the
years in the two-year period ended December 31, 2024 and the related notes (collectively referred to as the financial statements). In
our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December
31, 2024 and 2023 and the results of its operations and its cash flows for each of the years in the two-year period ended December 31,
2024 in conformity with accounting principles generally accepted in the United States of America.

Going
Concern

The
accompanying financial statements have been prepared assuming the Company will continue as a going concern. As discussed in Note 1 to
the financial statements, the Company suffered a net loss from operations, a decline in overall revenue and had negative cash flows from
operations, which raises substantial doubt about its ability to continue as a going concern. Management’s plans regarding those
matters are also described in Note 1. The financial statements do not include any adjustments that might result from the outcome of this
uncertainty.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal