Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 24

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 24
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2024, the Company’s Board
of Directors approved the issuance of 1,000,000 shares of common stock with a fair value of $15,000 to each of its Chief Executive Officer
and Interim Chief Financial Officer as a bonus.

On July 14, 2025, the Company issued 766,667 shares
of common stock, at a conversion rate of $0.15 per share, to its Chief Executive Officer for the conversion of accrued salaries in the
amount of $115,000. The Company recognized a gain on conversion in the amount of $7,667, based on a market price of $0.14 per share, in
additional paid-in capital.

On July 14, 2025, the Company issued 643,333 shares
of common stock, at a conversion rate of $0.15 per share, to its Chief Financial Officer for the conversion of accrued salaries in the
amount of $96,000. The Company recognized a gain on conversion in the amount of $5,933, based on a market price of $0.14 per share, in
additional paid-in capital.

On July 25, 2025, the Company issued 1,000,000
shares of common stock with a fair value of $140,000 to its Chief Executive Officer as compensation.

On July 25, 2025, the Company issued 1,000,000
shares of common stock with a fair value of $140,000 to its Chief Financial Officer as compensation.

On July 25, 2025, the Company issued 1,500,000
shares of common stock with a fair value of $210,000 to one of its directors as compensation.

On July 25, 2025, the Company issued 500,000 shares
of common stock with a fair value of $70,000 to one of its directors as compensation.

During the three and nine months ended September
30, 2025, the Company received capital contributions from related parties in the amounts of $18,650 and $18,650, respectively.

14

8. Mezzanine Equity

Mezzanine equity, as of September 30, 2025 and
December 31, 2024, consists of 0 and 1,518 shares, respectively, of preferred stock of Atlanta CBD with redeemable features that allow
the investors (“Investors”) to request repayment of their investment. The Investors are also entitled to profit distributions
equal