Target Group Inc.

Overview

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• TickerCBDY on OTC¹
• IndustryMedicinal Chemicals & Botanical Products¹
• HeadquartersDE¹
• Incorporated inDE²
• Business address20 Hempstead Drive, Hamilton, L8W 2E7²
• Filer categoryNon-accelerated filer, Smaller reporting company²

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Target Group Inc. (“Target Group” or the “Company”) was incorporated in the State of Delaware on July 2, 2013, under its original name of River Run Acquisition Corporation. Effective May 13, 2014, the Company changed its name to Chess Supersite Corporation. On July 3, 2018, the Company filed an amendment in its Certificate of Incorporation to change its name to Target Group Inc.³ From its latest annual report

What it owns

What Target Group Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Real estate and locations

Intangibles and goodwill

Inventory

Properties, in its own words

We do not own any properties at this time and do not have presently any agreements to acquire any properties.

Our principal executive office is located at 20 Hempstead Drive, Hamilton, Ontario, Canada.

Item 2 of the 10-K filed Mar 31, 2026.³

Leadership

Who has led Target Group Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerAnthony Carlo Zarcone Mar 31, 2020 to Mar 31, 2020¹³
• Chief executive officerAlexander Starr Feb 11, 2016 to Mar 23, 2017¹⁴
• Chief executive officerRubin Schindermann Mar 9, 2015 to Sep 27, 2019¹⁵
• PresidentAlexander Starr Mar 9, 2015 to Apr 9, 2019¹⁶
• PresidentJames M. Cassidy Feb 19, 2014 to Feb 19, 2014¹⁷
• Chief financial officerAzmatali Mehrali Jun 19, 2019 to Jun 19, 2019¹⁸

Former names

• Chess Supersite CorpMay 15, 2014 to Jul 3, 2018²
• River Run Acquisition CorpSep 30, 2013 to May 13, 2014²

Timeline

1. Aug 18, 20258-K New debt or obligation²⁴
2. Aug 26, 20248-K New debt or obligation²⁵
3. Nov 13, 20238-K New debt or obligation²⁶
4. Aug 4, 20238-K New debt or obligation²⁷
5. Mar 31, 20238-K New debt or obligation²⁸
6. Mar 27, 20238-K Executive or director change²⁹
7. Mar 13, 20238-K New debt or obligation³⁰
8. Feb 22, 20238-K New debt or obligation³¹
9. Oct 21, 20228-K New debt or obligation³²
10. May 9, 20228-K Entered a material agreement³³
11. Feb 18, 20228-K New debt or obligation³⁴
12. Mar 31, 2020New chief executive Anthony Carlo Zarcone becomes CEO¹³
13. Feb 11, 2016New chief executive Alexander Starr becomes CEO¹⁴
14. Mar 9, 2015New chief executive Rubin Schindermann becomes CEO¹⁵

Filings

32 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 11 major events. The latest 20:

1. Aug 13, 202610-Q EDGAR
2. May 15, 202610-Q EDGAR
3. Mar 31, 202610-K EDGAR
4. Nov 7, 202510-Q EDGAR
5. Aug 18, 20258-K EDGAR
6. Aug 12, 202510-Q EDGAR
7. May 9, 202510-Q EDGAR
8. Mar 27, 202510-K EDGAR
9. Nov 7, 202410-Q EDGAR
10. Aug 26, 20248-K EDGAR
11. Aug 8, 202410-Q EDGAR
12. May 8, 202410-Q EDGAR
13. Mar 20, 202410-K EDGAR
14. Nov 13, 20238-K EDGAR
15. Nov 8, 202310-Q EDGAR
16. Aug 9, 202310-Q EDGAR
17. Aug 4, 20238-K/A EDGAR
18. May 8, 202310-Q EDGAR
19. Mar 31, 20238-K/A EDGAR
20. Mar 27, 20238-K EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Target Group Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARTarget Group Inc.¹
• CIK0001586554
• Employer ID (EIN)46-3621499³
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company³
• Incorporated inDelaware³
• Fiscal year endsDecember 31¹
• Industry code (SIC)2833 Medicinal Chemicals & Botanical Products¹
• SEC reviewing officeOffice of Life Sciences, Division of Corporation Finance¹
• Business address20 Hempstead Drive, Hamilton, L8W 2E7, Ontario, Canada¹
• Mailing address55 Administration Road, Unit 13, Vaughan, L4K-4G9, Ontario, Canada¹
• Phone905-541-3833¹
• Shares outstanding617,025,999 as of Aug 13, 2026¹¹
• Public float$4.6M as of Jun 30, 2025³
• AuditorFruci & Associates II, PLLC, Spokane, Washington PCAOB ID 5525; no auditor attestation of internal control over financial reporting³
• On EDGAR sinceSep 30, 2013¹
• Filings254 in all: 8-K (80), 10-Q (38), 4 (26), 10-K (13), 4/A (12), 3 (11), CORRESP (8), 8-K/A (7)¹
  All 28 form types

  UPLOAD (7), 10-Q/A (6), SC 13G (6), D (5), PRE 14C (5), DEF 14C (4), S-1/A (4), 3/A (3), NT 10-Q (3), S-8 (3), 10-12G/A (2), S-1 (2), SC 13G/A (2), 10-12G (1), 10-K/A (1), 424B3 (1), 5 (1), EFFECT (1), NT 10-K (1), SC 13D (1)

• Latest filingsAnnual report (10-K) Mar 31, 2026
  Quarterly report (10-Q) Aug 13, 2026
  Latest 8-K (8-K) Aug 18, 2025

Securities registered for trading

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).³

Risk factors and legal proceedings

The risks Target Group Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 13 risks under these headings, as written.³

• Risks Related to Our Cannabis Business and the Cannabis Industry in the United States
• Our business is dependent on state laws pertaining to the marijuana industry, which are uncertain and subject to change
• Cannabis remains illegal under U.S. federal law.
• Laws and regulations affecting the cannabis industry are constantly changing, which could detrimentally affect our business.
• Any potential growth in the cannabis industry continues to be subject to new and changing state and local laws and regulations.
• Our potential customers, clients and companies with which we may elect to invest directly may have difficulty accessing the services of U.S. banks which may make it difficult for them to operate.
• Operational risks of the cannabis industry.
• Rescheduling Uncertainty
• Hemp More Narrowly Defined
• Risks Related to Our Cannabis Business and the Cannabis Industry in Canada
• The Canadian cannabis market is subject to an evolving and complex regulatory framework that may adversely affect our business, results of operations, and financial condition.
• The recreational adult-use cannabis market in Canada may experience periods of oversupply, which could adversely affect pricing, sales and profitability

Legal proceedings

During the year ended December 31, 2019, a terminated employee of Canary has filed a lawsuit against the Company amounting to approximately $1,529,414 (CAD $2,100,000) in Ontario, Canada. Currently, the Company is defending its position and believes that the ultimate decision will be in favor of the Company.

A complaint for damages of $150,000 was lodged against CannaKorp by the former Chief Financial Officer of CannaKorp for outstanding professional fees. No claim has been registered. The management is of the view that no material losses will arise in respect of the legal claim at the date of these consolidated financial statements.

During the year ended December 31, 2020, a claim for damages of approximately $95,245 (CAD $130,778) was lodged against Canary by a vendor for breach of contract. The management is of the view that no material losses will arise in respect of the legal claim at the date of these consolidated financial statements. As of December 31, 2025, $100,795 (CAD 138,150) has been recorded in the Canary’s payable based on past accruals. Due to the uncertainty of timing and the amount of estimated future cash flows, if any, relating to this claim, no further amount has been recognized.

The opening of Item 3, Legal Proceedings.³