---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-001322"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2026-03-13T23:59:59+00:00"
generated_at: "2026-05-15T12:41:49.148081+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. agrees to buy Texas property for $11.2M in cash plus assumed lien

## Summary
- Purchase price $11,168,864: $7M cash at closing plus assumption of mechanic's lien.
- $250,000 earnest money deposited; nonrefundable except if seller fails to perform.
- Closing scheduled April 15, 2026; property sold on an AS-IS, WHERE-IS basis.
- Property in Angelina County, TX includes land, improvements, equipment, and permits.

## SEC filing metadata
- accession: 0001477932-26-001322
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2026-03-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001322/0001477932-26-001322-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001322/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-001322
- JSON: https://secwatch.observer/filing/0001477932-26-001322.json
- Plain text: https://secwatch.observer/filing/0001477932-26-001322.txt

## Key facts
- Material Agreements
  1606 CORP. entered into Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC valued at $11,168,864 (effective 2026-03-12).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Jefferson Enterprise Energy, LLC
  - Value: $11,168,864
  - Effective: 2026-03-12
  source text: On March 12, 2026, 1606 Corp., a Nevada corporation (the " Company "), entered into a Purchase and Sale Agreement (the " Agreement ") with Jefferson Enterprise Energy, LLC, a Texas limited liability company (" Seller "), pursuant to which the Company agreed to purchase certain real property located in Angelina County, Texas, including land, improvements, equipment, permits, warranties and related documents (collectively, the " Property "). The total purchase price for the Property is $11,168,864, consisting of (i) $7,000,000 in cash payable at closing and (ii) the Company's assumption of a mechanic's and materialman's lien recorded as Instrument No. 2025-00458298 in the Official Public Records of Angelina County, Texas (the " Sim Agro Lien ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001322/0001477932-26-001322-index.htm

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