---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-005351"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2024-08-28T23:59:59+00:00"
generated_at: "2026-05-31T07:15:41.049029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. restates three 2023 quarterly reports due to former CEO salary accrual errors

## Summary
- Board concluded on April 2, 2024 that Q1-Q3 2023 interim financials were no longer reliable.
- Errors identified in accrued salary of former CEO Gregory Lambrecht.
- Restated financials filed in amendments to 10-Qs on May 15, 2024.
- Independent accountant Turner, Stone & Company was consulted on the restatement.

## SEC filing metadata
- accession: 0001477932-24-005351
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2024-08-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793224005351/0001477932-24-005351-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793224005351/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-005351
- JSON: https://secwatch.observer/filing/0001477932-24-005351.json
- Plain text: https://secwatch.observer/filing/0001477932-24-005351.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.