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

Issuer:     Target Group Inc. (CBDY)
CIK:        0001586554
Form:       8-K/A
Filed at:   2023-03-31T23:59:59+00:00
Accession:  0001104659-23-040103
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Target Group receives additional CDN$500k loan from CEO's brother at 43.26% annual interest
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1586554/000110465923040103/0001104659-23-040103-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1586554/000110465923040103/tm2311193d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-040103

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