secwatch.observer — SEC 8-K summary
======================================

Issuer:     1606 CORP. (CBDW)
CIK:        0001877461
Form:       8-K
Filed at:   2024-08-28T23:59:59+00:00
Accession:  0001477932-24-005351
Event type: other_material
Sentiment:  negative
Materiality: 0.50
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224005351/0001477932-24-005351-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877461/000147793224005351/cbdw_8k.htm
  HTML page:      https://secwatch.observer/filing/0001477932-24-005351

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer