secwatch.observer — SEC 8-K summary
======================================

Issuer:     Target Group Inc. (CBDY)
CIK:        0001586554
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001104659-23-024248
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1586554/000110465923024248/0001104659-23-024248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1586554/000110465923024248/tm2228667d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-024248

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