Target Group Inc. (CBDY): debt financing — Target Group Inc. extends loan maturity to August 2026 via Eleventh Amending Agreement with CEO's brother

Target Group Inc.

On August 11, 2025, Target Group entered into the Eleventh Amending Agreement with a private individual who is the brother of CEO Anthony Zarcone.
The amendment extends the maturity date of the original December 2019 loan to August 31, 2026, or earlier if demanded by the lender.
All other terms and conditions of the original loan, as previously amended on ten prior occasions, remain unchanged.
The loan is a related-party obligation; the lender is the CEO'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 who is the brother of the Company’s Chief Executive Officer, Anthony Zarcone maturing extending the maturity date of the Original Loan to August 31, 2026, or such earlier date as demanded by Lender.

Instrument: loan
Counterparty: a private individual who is the brother of the Company’s Chief Executive Officer, Anthony Zarcone
Maturity: extending the maturity date of the Original Loan to August 31, 2026, or such earlier date as demanded by Lender
Event: amendment

Exact text from the filing

Effective August 11, 2025, the Company and Lender entered into an Eleventh Amending Agreement extending the maturity date of the Original Loan to August 31, 2026, or such earlier date as demanded by Lender.

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Target Group Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-079347

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