OTC: CNFN

Our principal offices are located at 600 E. 8th Street, Whitefish, Montana 59937. Our telephone number there is: (833) 420-2636. Our corporate website is: www.cfnenterprisesinc.com, the contents of which are not part of this annual report.

Our Common Stock is quoted on the OTCQB Marketplace under the symbol “CNFN.”

Recent Acquisitions

J Street Capital Partners, LLC

On May 29, 2025, the Company entered into a Securities Purchase Agreement to acquire 100% of the equity interests of J Street Capital Partners, LLC, a Florida limited liability company. The acquisition closed on July 1, 2025, and in connection therewith, the Company issued 150,000 shares of its common stock to the seller. J Street was historically engaged in the import and wholesale distribution of wines and alcoholic beverages. The transaction was accounted for as an asset acquisition under ASC 805-50, as substantially all of the fair value of the gross assets acquired was concentrated in inventory and intangible assets (trademarks and licenses), and no substantive processes or workforce were acquired. The total purchase consideration of $435,000 (150,000 shares at $2.90 per share) was allocated to inventories ($413,250) and trademarks and licenses ($21,750).

Prestige Worldwide Wine Company, LLC

On November 3, 2025, the Company, through J Street, acquired 100% of the issued and outstanding membership interests of Prestige Worldwide Wine Company, LLC, a California limited liability company, from Thomas Hinde pursuant to a Securities Purchase Agreement. Prestige is a winemaking consulting company that provides winemaking services to third parties. The acquisition of Prestige includes its global wine-related trademarks, intellectual property, proprietary wine formulations and its distributor network and client base. In connection with the acquisition, the Company issued 150,000 shares of its common stock. The transaction was accounted for as an asset acquisition under ASC 805-50. See “Item 8 – Note 3: Asset Acquisitions” for additional information.

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In connection with the Prestige acquisition, the Company also entered into a one-year Consulting Agreement with Wine Trends Marketing, LLC, an entity controlled by Mr. Hinde, for winemaking services at an annual fee of $120,000, and a Lock-Up/Leak-Out Agreement with Mr. Hinde providing for a 12-month lock-up period and a 48-month leak-out period on the shares issued.

Interstice Cellars LLC

In October 2025, the Company, through J Street, participated in the formation of Interstice Cellars LLC (“Interstice”), a Delaware limited liability company, formed to operate as a developer and retailer of specialty wines. J Street serves as the managing member and holds a 51% membership interest ($165,000 capital contribution). The remaining 49% is held by two unaffiliated members, Alpha Echo Consulting LLC (24.5%) and J Vision Investments LLC (24.5%), each contributing $30,000. The Company consolidates Interstice and records a non-controlling interest for the 49% not owned by J Street. See “Item 8 – Note 9: Non-Controlling Interests” for additional information.

Description of Our Business Segments

CFN/Wine Segment

This segment includes the operations of J Street, Prestige, Interstice Cellars, the CFN Media business, and the legacy CNP Operating subsidiary. J Street generates revenue through the sale of wine and other alcoholic beverages to customers including bars, restaurants, casinos and hotels. Prestige generates revenue through winemaking consulting services. The CFN Business generates revenue through sponsored content, including articles, press releases, videos, podcasts, advertisements and other media, email advertisements and other marketing campaigns run on behalf of public and private companies in the cannabis, hemp and wellness industries.

Ranco-AGP Segment

This segment consisted of the related party transactions with AGP Holdings LLC, an entity wholly owned by Allen Park, the Company’s former Chief Operating Officer and Controller, on arm’s length terms. The products consisted of mitragynine-related bulk raw material, which was then sold by the Company to third-party customers. On October 1, 2025, the arrangement was terminated by the Company. Effective with the classification of Ranco as a discontinued operation in the fourth quarter of 2025, the results of this segment are presented within discontinued operations for all periods presented. See “Item 8 – Note 12: Discontinued Operations.”

Ranco-Legacy Segment

This segment consisted of the remaining operations of Ranco LLC, including white label manufacturing and co-packing, third-party logistics, and overseas product sourcing for the hemp and wellness industries. Effective with the classification of Ranco as a discontinued operation in the fourth quarter of 2025, the results of this segment are presented within discontinued operations for all periods presented. See “Item 8 – Note 12: Discontinued Operations.”

Competition

We compete with other importers, wholesalers, and producers in the wine and beverage sector, as well as other public relations firms and online publishers for our CFN Media business. The wine industry is highly fragmented, and we compete with a range of established and emerging brands, distributors and importers. We believe our competitive advantages include the integration of direct-to-consumer commerce, performance marketing capabilities, and the operational infrastructure obtained through recent acquisitions.

Government Regulation

Wine and Beverage Business

The production, importation, distribution and sale of alcoholic beverages is a highly regulated industry. We are subject to extensive federal, state and local laws and regulations, including those administered by the Alcohol and Tobacco Tax and Trade Bureau (“TTB”) at the federal level, and state alcohol beverage control agencies in each state where we distribute products, including California, Nevada, New York, New Jersey and Florida. These regulations govern virtually every aspect of our operations, including production, labeling, advertising, distribution, pricing, trade

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practices, and the maintenance of required permits and licenses. Failure to comply with applicable laws and regulations could result in the suspension or revocation of our permits and licenses, fines, or other penalties.

CFN Business

The CFN Business is regulated by rules established by the SEC, FINRA, and certain federal and state cannabis regulations.

Hemp and CBD Regulation – Impact of H.R. 5371

On November 12, 2025, the President signed H.R. 5371, the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026, which includes provisions banning intoxicating hemp-derived consumable products nationally effective November 12, 2026. This legislation was a significant factor in the Company’s decision to discontinue the operations of Ranco LLC. See “