1606 Corp signs LOI with EthosEnergy for O&M of Lufkin 55 MW power facility

1606 CORP.

1606 Corp (OTC: CBDW) executed non-binding LOI with EthosEnergy O&M for O&M of its ~55 MW Lufkin, TX power facility.
EEOM, a Brown and Root Industrial Services company, manages ~30 GW across 200+ power-generation facilities.
Upon successful acquisition of Lufkin project, 1606 intends to exclusively negotiate a definitive O&M agreement with EEOM.
Company states no reverse stock split is currently planned; capital structure evaluation ongoing.

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