---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-000360"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:28:50.408311+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. issues $1.37M promissory note to former CEO Gregory Lambrecht; matures Dec 31, 2025, no interest

## Summary
- Amended and restated promissory note principal amount $1,365,550 issued to former CEO Gregory Lambrecht on Dec 31, 2024.
- Original note of $1,220,550 on Nov 1, 2024; amended to $1,365,550 reflecting additional loans.
- Board approved issuance on Jan 15, 2025; note matures Dec 31, 2025 with no interest.
- Events of default include non-payment, bankruptcy, breach of covenants, and cross-default on other debt.

## SEC filing metadata
- accession: 0001477932-25-000360
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793225000360/0001477932-25-000360-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793225000360/onesix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-000360
- JSON: https://secwatch.observer/filing/0001477932-25-000360.json
- Plain text: https://secwatch.observer/filing/0001477932-25-000360.txt

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