---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-001601"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:00:42.074766+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-25-001601
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793225001601/0001477932-25-001601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793225001601/onesix_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-001601
- JSON: https://secwatch.observer/filing/0001477932-25-001601.json
- Plain text: https://secwatch.observer/filing/0001477932-25-001601.txt

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