Target Group Inc. is a diversified and vertically integrated, progressive company with a focus on both national and international presence. The Company owns and operates Canary Rx Inc, a Canadian licensed producer, regulated under The Cannabis Act. Canary Rx Inc operates a 44,000 square foot facility located in Norfolk County, Ontario, and has partnered with Dutch breeder, Serious Seeds, to cultivate exclusive & world-class proprietary genetics. The Company has begun structuring multiple international production and distribution platforms and intends to continue rapidly expanding its global footprint as it focuses on building an iconic brand portfolio whose focus aims at developing cutting-edge Intellectual Property among the medical and recreational cannabis markets. Target Group is committed to building industry-leading companies that transform the perception of cannabis and responsibly elevate the overall consumer experience.
Company profile
Ticker
CBDY
Exchange
Website
CEO
Brian C. Cornell
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Chess Supersite Corp, River Run Acquisition Corp
SEC CIK
CBDY stock data
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K/A
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
4 Aug 23
10-Q
2023 Q1
Quarterly report
8 May 23
8-K/A
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
31 Mar 23
8-K
Departure of Directors or Certain Officers
27 Mar 23
10-K
2022 FY
Annual report
17 Mar 23
8-K/A
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
13 Mar 23
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
22 Feb 23
10-Q
2022 Q3
Quarterly report
7 Nov 22
8-K
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
21 Oct 22
Latest ownership filings
3
BARRY ALAN KATZMAN
5 Nov 20
4/A
Rubin Schindermann
21 Aug 20
4/A
Rubin Schindermann
21 Aug 20
3/A
Anthony Carlo Zarcone
31 Mar 20
3/A
Anthony Carlo Zarcone
8 Nov 19
3
Frank Michael Monte
25 Oct 19
3
Saul Niddam
25 Oct 19
3
Anthony Carlo Zarcone
25 Oct 19
4/A
Rubin Schindermann
27 Sep 19
3
Azmatali Mehrali
19 Jun 19
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 1.06 mm | 1.06 mm | 1.06 mm | 1.06 mm | 1.06 mm | 1.06 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 332.49 k | 40.69 k | 10.37 k |
| Cash used (since last report) | n/a | n/a | n/a | 904.82 k | 110.73 k | 28.23 k |
| Cash remaining | n/a | n/a | n/a | 151.69 k | 945.79 k | 1.03 mm |
| Runway (months of cash) | n/a | n/a | n/a | 0.5 | 23.2 | 99.1 |
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