---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-116433"
form_type: "8-K"
ticker: "CBDY"
cik: "0001586554"
company_name: "Target Group Inc."
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T05:09:47.034558+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Target Group extends related-party loan maturity to June 30, 2024 via Ninth Amending Agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-116433
- form_type: 8-K
- ticker: CBDY
- cik: 0001586554
- company_name: Target Group Inc.
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1586554/000110465923116433/0001104659-23-116433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1586554/000110465923116433/tm2330325d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-116433
- JSON: https://secwatch.observer/filing/0001104659-23-116433.json
- Plain text: https://secwatch.observer/filing/0001104659-23-116433.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1586554/000110465923116433/0001104659-23-116433-index.htm

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