{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-040103","form_type":"8-K/A","ticker":"CBDY","cik":"0001586554","company_name":"Target Group Inc.","filed_at":"2023-03-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.718086+00:00","generated_at":"2026-06-17T07:52:28.578818+00:00","sec_items":["2.03"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Target Group receives additional CDN$500k loan from CEO's brother at 43.26% annual interest","bullets":["Entered Eighth Amending Agreement; lender (brother of CEO) advanced additional CDN$500,000 under existing loan.","Entire principal plus accrued interest due by September 28, 2023.","Interest rate of 3.0416% per month (43.26% per annum).","Lender's fee of CDN$50,000 deducted from advance.","Loan is a related-party transaction; CEO Anthony Zarcone's brother is lender."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-040103","json":"https://secwatch.observer/filing/0001104659-23-040103.json","markdown":"https://secwatch.observer/filing/0001104659-23-040103.md","text":"https://secwatch.observer/filing/0001104659-23-040103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1586554/000110465923040103/0001104659-23-040103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1586554/000110465923040103/tm2311193d1_8ka.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T07:52:28.578818+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dd278bce505201f6e4ed916a2f403f785c5beac3","claim":"Target Group Inc. incurred loan of CDN$500,000.00 Advance with private individual who is the brother of the Company's Chief Executive Officer, Anthony Zarcone at 3.0416% per month (43.26% per annum) maturing September 28, 2023.","evidence_excerpt":"Effective March 28 2023, the Company and Lender entered into a Eighth Amending Agreement pursuant to which the Lender advanced the Company an additional CDN$500,000.00 (“Advance”) under the Original Loan.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1586554/000110465923040103/0001104659-23-040103-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"CDN$500,000.00 Advance"},{"label":"Counterparty","value":"private individual who is the brother of the Company's Chief Executive Officer, Anthony Zarcone"},{"label":"Rate","value":"3.0416% per month (43.26% per annum)"},{"label":"Maturity","value":"September 28, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}