CBDY on OTC

Target Group Inc.

American medicinal chemicals and botanical products company. Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerCBDY on OTC1
  • IndustryMedicinal Chemicals & Botanical Products1
  • HeadquartersDE1
  • Incorporated inDE2
  • Business address20 Hempstead Drive, Hamilton, L8W 2E72
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Target Group Inc. (“Target Group” or the “Company”) was incorporated in the State of Delaware on July 2, 2013, under its original name of River Run Acquisition Corporation. Effective May 13, 2014, the Company changed its name to Chess Supersite Corporation. On July 3, 2018, the Company filed an amendment in its Certificate of Incorporation to change its name to Target Group Inc.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

53.3%Gross margin4
-35.0%Net margin4
-41.1%Revenue growth, 20254

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue47¢$1.8M
  • Other costs53¢$2.1M

Out of $3.9M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$3.9M in 2025
0$2.0M$4.0M$6.0M$8.0M2019: $0$020192020: $30.0K$30.0K20202021: $0$020212022: $0$020222023: $3.7M$3.7M20232024: $6.6M$6.6M2024+77%2025: $3.9M$3.9M2025−41%
Gross profit56894$2.1M in 2025
0$1.0M$2.0M$3.0M$4.0M2019: $0$020192020: $5.0K$5.0K20202022: $0$020222023: $1.7M$1.7M20232024: $3.7M$3.7M2024+125%2025: $2.1M$2.1M2025−44%
Net income567894-$1.4M in 2025−87% since 2019
-$15.0M-$10.0M-$5.0M0$5.0M2019: -$10.4M-$10.4M20192020: -$7.1M-$7.1M2020−32%2021: $272.9K$272.9K20212022: -$4.5M-$4.5M20222023: -$323.7K-$323.7K2023−93%2024: $160.5K$160.5K20242025: -$1.4M-$1.4M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
REVENUE$3.9M$6.6M
COST OF GOOD SOLD-$1.8M-$2.9M
Gross profit$2.1M$3.7M
Advisory and consultancy fee$171.2K$256.2K
Management services fee$405.3K$477.0K
Legal and professional fees$202.0K$218.8K
Depreciation expense$898.4K$916.2K
Operating lease expense$193.9K$217.4K
Office and general$418.6K$515.6K
Travel expenses$7.3K
Total operating expenses$2.3M$2.6M
Change in fair value of derivative and warrant liability$140-$374
Gain on settlement-$36.5K
Interest and bank charges$1.0M$1.2M
Exchange loss (income)$98.6K-$172.6K
Interest income-$34.1K-$30.8K
Recovery of sales tax recoverable-$653-$6.1K
Debt issuance cost$29.7K$49.0K
Total other expense$1.1M$956.2K
Net (loss) income before income taxes-$1.4M$160.5K
Income taxes$0$0
Net (loss) income-$1.4M$160.5K
Foreign currency translation adjustment-$195.6K$304.6K
Comprehensive (loss) income-$1.6M$465.1K
loss per share - basic (in dollars per share)-$0.00$0.00
loss per share - diluted (in dollars per share)-$0.00$0.00
Weighted average shares - basic (in shares)617.0M shares617.0M shares
Weighted average shares - diluted (in shares)617.0M shares727.2M shares

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Leadership

Who has led Target Group Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Rubin Schindermann2015–2019
  2. Alexander Starr2016–2017
  3. Anthony Carlo Zarcone2020

President

  1. James M. Cassidy2014
  2. Alexander Starr2015–2019

Chief financial officer

  1. Azmatali Mehrali2019
201520202025
Board members and other officers (9)

Former names

  • Chess Supersite CorpMay 15, 2014 to Jul 3, 20182
  • River Run Acquisition CorpSep 30, 2013 to May 13, 20142

Timeline

  1. Mar 31, 2020New chief executive Anthony Carlo Zarcone becomes CEO13
  2. Feb 11, 2016New chief executive Alexander Starr becomes CEO14
  3. Mar 9, 2015New chief executive Rubin Schindermann becomes CEO15

Filings

32 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 11 major events. The latest 20:

  1. Aug 13, 202610-Q EDGAR
  2. May 15, 202610-Q EDGAR
  3. Mar 31, 202610-K EDGAR
  4. Nov 7, 202510-Q EDGAR
  5. Aug 18, 20258-K EDGAR
  6. Aug 12, 202510-Q EDGAR
  7. May 9, 202510-Q EDGAR
  8. Mar 27, 202510-K EDGAR
  9. Nov 7, 202410-Q EDGAR
  10. Aug 26, 20248-K EDGAR
  11. Aug 8, 202410-Q EDGAR
  12. May 8, 202410-Q EDGAR
  13. Mar 20, 202410-K EDGAR
  14. Nov 13, 20238-K EDGAR
  15. Nov 8, 202310-Q EDGAR
  16. Aug 9, 202310-Q EDGAR
  17. Aug 4, 20238-K/A EDGAR
  18. May 8, 202310-Q EDGAR
  19. Mar 31, 20238-K/A EDGAR
  20. Mar 27, 20238-K EDGAR

The 32 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Sources

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