Target Group Inc. (CBDY) Form 10-Q — May 15, 2026
Target Group Inc. (CBDY) reported a net loss of $550,356 for the quarter ended March 31, 2026, driven by a 37% year-over-year revenue decline to $879,442. The company disclosed a working capital deficit of $11.3 million and an accumulated deficit of $32.8 million, raising substantial doubt about its ability to continue as a going concern. To sustain operations, the company secured a $330,000 CAD loan tranche from shareholder Jerry Zarcone at an annualized interest rate of 43.26%, bringing total related-party payables to over $10.4 million.
Key figures
- Revenue
- 879442
- Total Debt
- 14619688
- Cash Position
- 201647
- Shares Outstanding
- 617025999
- Accumulated Deficit
- 32856882
- Related Party Payable
- 10423034
- Working Capital Deficit
- 11342944
- Market Value Non Affiliates
- 4627695
- Shareholder Loan Outstanding
- 2235691
- Shareholder Loan Interest Rate
- 43.26
Price after filing
Close on the filing date to close N calendar days later (from $0.00). Historical, not a forecast.
AI analysis
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