---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-26-001521"
form_type: "8-K"
ticker: "CBDW"
cik: "0001877461"
company_name: "1606 CORP."
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:24:27.076766+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 1606 Corp. issues $1.885M convertible promissory note to former CEO Gregory Lambrecht

## Summary
- Note principal of $1,885,050 issued effective Dec 31, 2025 with same maturity date.
- Convertible at option of holder into common stock at 25% discount to closing bid price on conversion date.
- Conversion subject to 9.99% beneficial ownership limitation.
- Note replaces prior $1,220,550 promissory note from November 2024.

## SEC filing metadata
- accession: 0001477932-26-001521
- form_type: 8-K
- ticker: CBDW
- cik: 0001877461
- company_name: 1606 CORP.
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001521/0001477932-26-001521-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001521/cbdw_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-26-001521
- JSON: https://secwatch.observer/filing/0001477932-26-001521.json
- Plain text: https://secwatch.observer/filing/0001477932-26-001521.txt

## Source-grounded claims
- claim_id: 154b5a5d9fe976ff749ec65a477e099a0b33411b
  claim: 1606 CORP. incurred convertible notes of $1,885,050 with Gregory Lambrecht maturing December 31, 2025.
  evidence_excerpt: on March 17, 2026 the board of directors of the Company approved the issuance to Mr. Lambrecht (the “ Holder ”) an Amended and Restated Promissory Note in the principal amount of $1,885,050 (the “ Note ”). The Note is issued effective December 31, 2025, matures December 31, 2025
  evidence_url: https://www.sec.gov/Archives/edgar/data/1877461/000147793226001521/0001477932-26-001521-index.htm

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