Target Group Inc. (OTC: CBDY)

Target Group Inc. is a company engaged in the cultivation, processing, and distribution of cannabis products for both medical and adult-use recreational markets in Canada and, where legally permitted, in the United States. The company operates within the cannabis industry, which has seen significant growth and regulatory changes in recent years. Target Group Inc. was originally incorporated as River Run Acquisition Corporation in 2013 and has since undergone several name changes, most recently to Target Group Inc. in 2018. The company's common stock is quoted on the OTCQB platform under the symbol CBDY.

Target Group Inc. generates revenue through the sale of a variety of cannabis products, including cannabis flower pods for vaporizer use, cannabis extract pods for vaporizer use, cannabis pre-rolls, K-Cup infused coffee and tea pods, infused cannabis beverages, infused cannabis edibles, and infused topical products and CBD wellness products. The company's primary customer base includes medical cannabis patients and adult-use recreational consumers in Canada. Additionally, Target Group Inc. provides wholesale and co-packaging services to accommodate all consumer-packaged goods intended for the sophisticated cannabis market and consumer in Canada and internationally.

• Cannabis Business-Canada: This segment involves the cultivation, processing, and distribution of cannabis products for the medical and adult-use recreational cannabis market in Canada. The company operates a 44,000 square foot facility located in Ontario's Garden Norfolk County for the production of cannabis. Canary Rx Inc., a subsidiary of Target Group Inc., is a Canadian Licensed Producer under Health Canada's Cannabis Act. The facility has the capacity to grow up to 4 million grams of cannabis annually once it is at full capacity. The company has curated a bank of 3,500 seeds, comprised of more than 125 strains, including the entire Serious Seeds collection. The company's product manufacturing includes cannabis flower pods for vaporizer use, cannabis extract pods for vaporizer use, cannabis pre-rolls, K-Cup infused coffee and tea pods, infused cannabis beverages, infused cannabis edibles, and infused topical products and CBD wellness products.

Target Group Inc. holds a competitive position within the cannabis industry, particularly in the Canadian market. The company's strategic acquisitions and agreements have strengthened its market presence. For instance, the acquisition of Visava Inc. and Canary Rx Inc. provided Target Group Inc. with a licensed production facility and a curated bank of cannabis seeds. Additionally, the company entered into a Distribution, Collaboration, and Licensing Agreement with Serious Seeds B.V., granting Canary exclusive distribution rights in Canada and other legal markets globally for Serious Seeds' proprietary cannabis seed strains and related products. This agreement also includes the development of collaborative products, further enhancing the company's product offerings.

The company's customer base primarily consists of medical cannabis patients and adult-use recreational consumers in Canada. Target Group Inc. also serves wholesale and co-packaging clients, catering to the broader cannabis market. The company's strategic agreements and acquisitions have positioned it to capitalize on the growing demand for cannabis products in Canada and internationally. As the cannabis industry continues to evolve, Target Group Inc. is well-positioned to leverage its competitive advantages and expand its market reach.