Target Group Inc.

Target Group Inc. cultivates, processes, and distributes curated cannabis products for both medical and adult-use recreational markets in Canada. The company was incorporated in Delaware on July 2, 2013, as River Run Acquisition Corporation, changing its name to Chess Supersite Corporation on May 13, 2014, and then to Target Group Inc. on July 3, 2018. Effective July 1, 2025, its common stock is quoted on the Pink Limited Market under the symbol "CBDY". Canada legalized adult-use cannabis at the national federal level in October 2018. The Canadian adult-use market was projected to range from CDN$4.9 billion to CDN$8.7 billion annually in a 2016 Deloitte publication, and from CDN$1.8 billion to CDN$4.3 billion in 2019 according to a 2018 Deloitte publication. From October 2018 through 2024, the Canadian legal cannabis industry generated CDN$28.7 billion in cumulative nationwide sales, primarily from recreational products, as reported by the Ontario Cannabis Store (OCS) and Deloitte Canada in 2025. The Canadian medical cannabis industry has seen significant growth since 2014. The company also evaluates opportunities in the United States where cannabis is legalized by state legislation or related to rescheduling.