Company: TCRG
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001185185-25-001785
Chunk: 26

Company: Cannaisseur Group Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 26
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 a former director, who returned the shares to the Company upon his resignation from the Board of Directors. The
Company recorded the cancellation of these shares at their par value and charged the amount of $30 to additional paid-in capital.

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 15, 2025, the Company issued 1,987,732
shares of common stock, with a fair value of $278,282, for the conversion of principal and accrued interest on notes payable in the amount
of $44,095. The Company recognized a loss on conversion of debt in the amount of $177,474 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.

On July 31, 2025, the Company issued 235,444 shares
of common stock, with a fair value of $32,962, to its former corporate secretary as compensation