Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 63

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 2
Chunk 63
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Historically, we have financed the Company through
a combination of debt and equity transactions. To meet future capital requirements, we plan to raise additional capital through the sale
of equity securities or through equity-linked or debt-financing arrangements, to the extent our operating cash flow is insufficient to
fund our operations in future periods.

The sale of additional equity or debt securities
may result in additional dilution to our shareholders. If we raise additional funds through the issuance of debt securities or preferred
stock, these securities could have rights senior to those of our common stock and could contain covenants that would restrict our operations.
Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing,
we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations which could
have a material adverse effect on our business, financial condition and results of operations.

20

TCRG expects to raise funds through private investors
and investment firms and is looking to secure a non-recourse loan for work capital and operating expenses. We intend to continue offering
smaller investment opportunities. Long term, we plan to seek larger amounts of investment to expand our operations. TCRG will also look
to attain a non-recourse loan of $50,000.

There can be no assurances that we will be able
to raise additional capital. The inability to raise capital would adversely affect our ability to achieve our business objectives. In
addition, if our operating performance during the next 12 months is below our expectations, our liquidity and ability to operate our business
could be adversely affected. We continue to monitor macro-economic factors such as inflationary pressures, continued Federal Reserve interest
rate hikes and recessionary fears, as well as trends within our industry, all of which may affect our working capital requirements.

Inflation

The amounts presented in our consolidated financial
statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be
greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement
costs or by using other inflation adjustments.

Going Concern

The accompanying financial statements have been
prepared on a going concern basis. For the nine months ended September 30, 2025, the Company had a net loss of $1,706,736, net cash used
in operating activities of $107,570, negative working capital of $128,441, an