Target Group Inc. (CBDY): debt financing — Target Group extends related-party loan maturity to June 30, 2024 via Ninth Amending Agreement

Target Group Inc.

Loan from CEO's brother extended to June 30, 2024; all other terms unchanged.
This is the ninth amendment to the original December 2019 financing agreement.
Related-party transaction: Lender is CEO Anthony Zarcone's brother.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Target Group Inc. amended loan with a private individual (Lender) who is the brother of the Company's Chief Executive Officer, Anthony Zarcone maturing June 30, 2024, or such earlier date as demanded by Lender.

Instrument: loan
Counterparty: a private individual (Lender) who is the brother of the Company's Chief Executive Officer, Anthony Zarcone
Maturity: June 30, 2024, or such earlier date as demanded by Lender
Event: amendment

Exact text from the filing

Effective November 7, 2023, the Company and Lender entered into a Ninth Amending Agreement extending the maturity date of the Original Loan to June 30, 2024, or such earlier date as demanded by Lender.

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Target Group Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-116433

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