1606 Corp. signs non-binding LOI for $1M controlling stake by Garfield/Arnold group

1606 CORP.

Private group led by Jon Garfield and Chuck Arnold to acquire controlling position for $1 million.
Group plans to acquire waste management companies and use 1606's AI platform for industry innovation.
Key management expected to remain post-acquisition; transaction subject to due diligence and definitive agreements.
Goal is to use 1606 as a public entity to consolidate waste management firms and potentially uplist.

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