---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-079347"
form_type: "8-K"
ticker: "CBDY"
cik: "0001586554"
company_name: "Target Group Inc."
filed_at: "2025-08-18T23:59:59+00:00"
generated_at: "2026-05-17T11:55:50.752607+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Target Group Inc. extends loan maturity to August 2026 via Eleventh Amending Agreement with CEO's brother

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-079347
- form_type: 8-K
- ticker: CBDY
- cik: 0001586554
- company_name: Target Group Inc.
- filed_at: 2025-08-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1586554/000110465925079347/0001104659-25-079347-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1586554/000110465925079347/tm2523682d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-079347
- JSON: https://secwatch.observer/filing/0001104659-25-079347.json
- Plain text: https://secwatch.observer/filing/0001104659-25-079347.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1586554/000110465925079347/0001104659-25-079347-index.htm

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