Target Group Inc. Reports New Financial Obligation
Ticker: CBDY · Form: 8-K · Filed: Aug 18, 2025 · CIK: 1586554
| Field | Detail |
|---|---|
| Company | Target Group Inc. (CBDY) |
| Form Type | 8-K |
| Filed Date | Aug 18, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financial-obligation
TL;DR
Target Group Inc. just took on a new debt. Keep an eye on their financials.
AI Summary
On August 11, 2025, Target Group Inc. reported the creation of a direct financial obligation. The company, formerly known as River Run Acquisition Corp and Chess Supersite Corp, is incorporated in Delaware and operates in the medicinal chemicals & botanical products sector.
Why It Matters
This filing indicates Target Group Inc. has entered into a new financial commitment, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — The creation of a new financial obligation introduces potential risk related to the company's ability to meet its debt commitments.
Key Players & Entities
- Target Group Inc. (company) — Registrant
- River Run Acquisition Corp (company) — Former company name
- Chess Supersite Corp (company) — Former company name
- August 11, 2025 (date) — Date of earliest event reported
FAQ
What is the nature of the direct financial obligation reported by Target Group Inc.?
The filing states the creation of a direct financial obligation but does not provide specific details on the nature or amount of this obligation.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on August 11, 2025.
What were the former names of Target Group Inc.?
Target Group Inc. was formerly known as River Run Acquisition Corp and Chess Supersite Corp.
In which state is Target Group Inc. incorporated?
Target Group Inc. is incorporated in Delaware.
What is the primary business sector for Target Group Inc.?
Target Group Inc. operates in the Medicinal Chemicals & Botanical Products sector.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 15.9 · Accepted 2025-08-15 18:12:48
Filing Documents
- tm2523682d1_8k.htm (8-K) — 22KB
- 0001104659-25-079347.txt ( ) — 178KB
- cbdy-20250811.xsd (EX-101.SCH) — 3KB
- cbdy-20250811_lab.xml (EX-101.LAB) — 33KB
- cbdy-20250811_pre.xml (EX-101.PRE) — 22KB
- tm2523682d1_8k_htm.xml (XML) — 3KB
03 Creation of a Direct Financial
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant On December 26, 2019, the Company filed a report on Form 8-K disclosing the entry into a financing agreement, dated December 20, 2019 ("Original Loan ") with a private individual ("Lender") who is the brother of the Company's Chief Executive Officer, Anthony Zarcone. The Original Loan was subsequently amended on ten (10) previous occasions as disclosed in reports filed on Form 8-K or 8-K/A on March 17, 2020, April 24, 2020, May 14, 2020, June 22, 2021, February 18, 2022, October 21, 2022, February 2, 2023, March 13, 2023, March 31, 2023, August 4, 2023, November 13, 2023 and August 26, 2024, respectively. Effective August 11, 2025, the Company and Lender entered into an Eleventh Amending Agreement extending the maturity date of the Original Loan to August 31, 2026, or such earlier date as demanded by Lender. The remaining terms and conditions of the Original Loan, as amended, remain in full force and effect.
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TARGET GROUP INC. Dated: August 15, 2025 By: /s/ Anthony Zarcone Chief Executive Officer