---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-024248"
form_type: "8-K"
ticker: "CBDY"
cik: "0001586554"
company_name: "Target Group Inc."
filed_at: "2023-02-22T23:59:59+00:00"
generated_at: "2026-06-19T04:50:49.542679+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Target Group Inc. receives additional $250,000 loan from CEO's brother at 43.26% annual interest

## Summary
- Seventh Amending Agreement dated Feb 16, 2023; lender is brother of CEO Anthony Zarcone.
- Additional advance of $250,000; maturity extended to June 1, 2023.
- Interest rate 3.0416% per month (43.26% per annum); $25,000 lender's fee deducted from advance.
- Original loan terms remain in effect; this is a related-party transaction.

## SEC filing metadata
- accession: 0001104659-23-024248
- form_type: 8-K
- ticker: CBDY
- cik: 0001586554
- company_name: Target Group Inc.
- filed_at: 2023-02-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1586554/000110465923024248/0001104659-23-024248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1586554/000110465923024248/tm2228667d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-024248
- JSON: https://secwatch.observer/filing/0001104659-23-024248.json
- Plain text: https://secwatch.observer/filing/0001104659-23-024248.txt

## Key facts
- Debt Financings
  Target Group Inc. incurred loan of US250,000.00 at 3.0416% per month maturing June 1, 2023.
  - Instrument: loan
  - Principal: US250,000.00
  - Rate: 3.0416% per month
  - Maturity: June 1, 2023
  - Event: incurrence
  source text: Effective February 16, 2023, the Company and Lender entered into a Seventh Amending Agreement pursuant to which the Lender advanced the Company an additional US250,000.00 ("Advance") under the Original Loan. . The maturity date of the Original Loan is extended to June 1, 2023. The Original Loan and the Advance carries interest at the rate of 3.0416% per month (43.26% per annum).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1586554/000110465923024248/0001104659-23-024248-index.htm

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