secwatch.observer — SEC 8-K summary
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Issuer:     Target Group Inc. (CBDY)
CIK:        0001586554
Form:       8-K
Filed at:   2022-02-18T23:59:59+00:00
Accession:  0001104659-22-025127
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1586554/000110465922025127/0001104659-22-025127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1586554/000110465922025127/tm227195d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-025127

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer