1606 Corp. signs nonbinding term sheet to be acquired by Sim Agro Inc.

1606 CORP.

Sim Agro Inc., a private power and sustainable energy firm, will acquire a controlling interest in 1606 Corp. (CBDW).
Sim Agro has first right of refusal to acquire a data-center-capable warehouse, power plant, and 100+ acres of land.
Transaction subject to due diligence, regulatory approvals, and definitive agreements; expected close in coming months.
Sim Agro, led by President Dr. Karthik Raghavan PhD, has a global team in US, India, South Korea, and Middle East.
Post-acquisition, Sim Agro plans to develop captive power generation and data center infrastructure for AI and digital operations.

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