---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-24-006943"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:55:11.729476+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp amends promissory note to former CEO, increasing principal to $1.22M

## Summary
- Issued Amended and Restated Promissory Note to former CEO Gregory Lambrecht on Nov 1, 2024 for $1,220,550.
- Note replaces prior June 2023 note of $755,050 and includes additional loans; matures Dec 31, 2025.
- Note carries zero interest; default triggers include failure to pay at maturity or bankruptcy filing.
- Obligation is a direct financial liability – no off-balance-sheet treatment.

## SEC filing metadata
- accession: 0001477932-24-006943
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793224006943/0001477932-24-006943-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793224006943/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-24-006943
- JSON: https://secwatch.observer/filing/0001477932-24-006943.json
- Plain text: https://secwatch.observer/filing/0001477932-24-006943.txt

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