M&A - Cannaisseur Group Inc.

Form Type: 8-K

Filing Date: 2025-05-05

Corporate Action: Acquisition

Type: New

Accession Number: 000118518525000398

Filing Summary: On May 2, 2025, Valarie Grant resigned from her position as Corporate Secretary of Cannaisseur Group, Inc. following an emergency meeting of the Board of Directors that addressed her conduct and potential breaches of fiduciary duty. The Board ratified the administrative leave and accepted her resignation during a subsequent meeting. In connection with its strategic plans, the Company announced the formation of a Transition Team to manage the execution of a strategic transaction involving the acquisition of approximately $35 million in agricultural technology and sensor-based security assets, following a Letter of Intent dated April 4, 2025. An informational shareholder meeting is scheduled for May 13, 2025, to update shareholders on the transaction with no voting on matters expected at this meeting. A preliminary proxy statement will also be filed with the SEC regarding the proposed acquisition.