{"url_path":"/sec/cbdy/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/1586554/0001104659-26-062758-index.html","accession_number":"0001104659-26-062758","cik":"0001586554","ticker":"CBDY","issuer_name":"Target Group Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1586554/0001104659-26-062758-index.html","primary_entity_key":"0001586554","primary_entity_name":"Target Group Inc."},"word_count":664,"has_tables":true,"body_markdown":"TARGET GROUP INC._March 31, 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of Contents](#TOC)\n\n​\n\n​\n\n**UNITED STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n​\n\n**FORM ****10-Q**\n\n​\n\n​\n\n☒\n\n**QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n​\n\nFor the quarterly period ended March 31, 2026\n\n​\n\nor\n\n​\n\n☐\n\n**TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**\n\n​\n\nFor the transition period from                      to                    \n\n​\n\nCommission file number: 000-55066\n\n​\n\n**TARGET GROUP INC.**\n\n(Exact name of registrant as specified in its charter)\n\n​\n\n**Delaware**\n\n**46-3621499**\n\n(State or Other Jurisdiction of\nIncorporation or Organization)\n\n(I.R.S. Employer\nIdentification No.)\n\n​\n\n​\n\n**20 Hempstead Drive**\n\n**Hamilton****,****Ontario****,****Canada**\n\n**L8W 2E7**\n\n(Address of principal executive officers)\n\n(Zip Code)\n\n​\n\n**+****1********905****-****541-3833**\n\n(Registrant’s telephone number, including area code)\n\n(Former name, former address and former fiscal year, if changed since last report)\n\nSecurities registered under Section 12(b) of the Act:\n\nNone\n\nSecurities registered under Section 12(g) of the Act:\n\nCommon Stock, Par Value $0.0001\n\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the last 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “small reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer ☐\n\nAccelerated filer ☐\n\nNon-accelerated filer ☒\n\nSmaller reporting company ☒\n\n \n\nEmerging growth company ☐\n\n​\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nSecurities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:\n\n**Title of each class**\n\n  ​ ​ ​\n\n**Trading symbol**\n\n  ​ ​ ​\n\n**Name of each exchange on which registered**\n\nN/A\n\nN/A\n\n​\n\nN/A\n\n​\n\nState the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed second fiscal quarter was $4,627,695 as of June 30, 2025.\n\nState the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: As of May 15, 2026, the registrant had 617,025,999 shares of Common Stock issued and outstanding.\n\n​\n\n​\n\n​\n\n​\n\n[Table of Contents](#TOC)\n\nTABLE OF CONTENTS\n\n​\n\n​\n\n​\n\n​\n\n[PART I – FINANCIAL INFORMATION](#PARTIFINANCIALINFORMATION_313640)\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#ITEM1UNAUDITEDCONDENSEDCONSOLIDATEDINTER)\n\n[Condensed Consolidated Interim Financial Statements (Unaudited)](#ITEM1UNAUDITEDCONDENSEDCONSOLIDATEDINTER)\n\n3\n\n​\n\n​\n\n​\n\n[Item 2.](#ITEM2MANAGEMENTSDISCUSSIONANDANALYSISOFF)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#ITEM2MANAGEMENTSDISCUSSIONANDANALYSISOFF)\n\n4\n\n​\n\n​\n\n​\n\n[Item 3.](#ITEM3QUANTITATIVEANDQUALITATIVEDISCLOSUR)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#ITEM3QUANTITATIVEANDQUALITATIVEDISCLOSUR)\n\n9\n\n​\n\n​\n\n​\n\n[Item 4.](#ITEM4CONTROLSANDPROCEDURES_962104)\n\n[Controls and Procedures](#ITEM4CONTROLSANDPROCEDURES_962104)\n\n9\n\n​\n\n​\n\n​\n\n[PART II – OTHER INFORMATION](#PARTIIOTHERINFORMATION_406682)\n\n​\n\n​\n\n​\n\n​\n\n[Item 1.](#ITEM1LEGALPROCEEDINGS_872995)\n\n[Legal Proceedings](#ITEM1LEGALPROCEEDINGS_872995)\n\n10\n\n​\n\n​\n\n​\n\n[Item 2.](#ITEM2UNREGISTEREDSALESOFEQUITYSECURITIES)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#ITEM2UNREGISTEREDSALESOFEQUITYSECURITIES)\n\n10\n\n​\n\n​\n\n​\n\n[Item 3.](#ITEM3DEFAULTSUPONSENIORSECURITIES_368292)\n\n[Defaults Upon Senior Securities](#ITEM3DEFAULTSUPONSENIORSECURITIES_368292)\n\n10\n\n​\n\n​\n\n​\n\n[Item 4.](#ITEM4MINESAFETYDISCLOSURES_899757)\n\n[Mine Safety Disclosures](#ITEM4MINESAFETYDISCLOSURES_899757)\n\n10\n\n​\n\n​\n\n​\n\n[Item 5.](#ITEM5OTHERINFORMATION_814884)\n\n[Other Information](#ITEM5OTHERINFORMATION_814884)\n\n10\n\n​\n\n​\n\n​\n\n[Item 6.](#ITEM6EXHIBITS_19745)\n\n[Exhibits](#ITEM6EXHIBITS_19745)\n\n11\n\n​\n\n​\n\n​\n\n​\n\n2\n\n[Table of Contents](#TOC)\n\nPART I – FINANCIAL INFORMATION"}