---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-003310"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T18:53:37.351749+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. issues $1.53M promissory note to former CEO Gregory Lambrecht

## Summary
- Principal amount of $1,528,550, amended from $1,220,550, issued March 31, 2025.
- Note matures December 31, 2025, with no accrued interest.
- Issued to former CEO/director Gregory Lambrecht; board approved May 2, 2025.
- Events of default include non-payment, covenant breach, and bankruptcy.
- Obligation creates a direct financial liability for the company.

## SEC filing metadata
- accession: 0001477932-25-003310
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- 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/1877461/000147793225003310/0001477932-25-003310-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793225003310/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-003310
- JSON: https://secwatch.observer/filing/0001477932-25-003310.json
- Plain text: https://secwatch.observer/filing/0001477932-25-003310.txt

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