---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-025127"
form_type: "8-K"
ticker: "CBDY"
cik: "0001586554"
company_name: "Target Group Inc."
filed_at: "2022-02-18T23:59:59+00:00"
generated_at: "2026-06-27T06:36:55.350378+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Target Group Inc. borrows $100,000 from CEO's brother at 43.26% annual interest

## Summary
- Additional $100,000 loan from Jerry Zarcone, brother of CEO Anthony Zarcone, under Fifth Amending Agreement effective Feb 16, 2022.
- Loan carries interest at 3.0146% per month (43.26% per annum) and maturity extended to June 1, 2023.
- Total principal under Second Tranche now $1,400,000; lender's fee of $20,000 deducted from advance.

## SEC filing metadata
- accession: 0001104659-22-025127
- form_type: 8-K
- ticker: CBDY
- cik: 0001586554
- company_name: Target Group Inc.
- filed_at: 2022-02-18T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1586554/000110465922025127/0001104659-22-025127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1586554/000110465922025127/tm227195d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-025127
- JSON: https://secwatch.observer/filing/0001104659-22-025127.json
- Plain text: https://secwatch.observer/filing/0001104659-22-025127.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.