Highest-materiality recent filing
1606 Corp. extends power plant acquisition closing to Oct 31; financing talks continue
Amendment with Jefferson Enterprise Energy extends closing to October 31, 2026; extension payment made.
1606 Corp. extends closing for Angelina County property purchase to Oct 31, 2026; pays $312K fee
Total purchase price unchanged at $11,168,864 for real property in Angelina County, Texas.
1606 Corp. signs definitive agreement to acquire 51% of Sim Agro Inc. for stock and assumed debt
Acquiring 51% of Sim Agro; consideration: 150M shares at closing plus 100M shares or $2.1M cash in Jan 2027.
First Amendment extends closing from April 15 to May 22, 2026.
1606 Corp. files 10-K, highlights data center pivot and 132-acre acquisition progress
Filed annual report (10-K) for 2025, reflecting strategic repositioning into data center infrastructure powered by captive energy.
1606 Corp. issues $1.885M convertible promissory note to former CEO Gregory Lambrecht
Note principal of $1,885,050 issued effective Dec 31, 2025 with same maturity date.
1606 Corp. engages Moody Capital as placement agent for data center acquisition financing
Engaged Moody Capital Solutions (FINRA/SIPC) as sole exclusive placement agent/financial advisor.
1606 Corp. signs agreement to acquire 132-acre data-center-ready property in Texas for $11.2M
Purchase price $11.2M ($7M cash plus assumption of ~$4.2M mechanic's lien).
1606 Corp. agrees to buy Texas property for $11.2M in cash plus assumed lien
Purchase price $11,168,864: $7M cash at closing plus assumption of mechanic's lien.
Total consideration $11.67M: $7.5M cash plus assumption of $4.17M debt; $500K earnest money upon definitive agreement.
1606 Corp. receives $6M investment commitment from ENMAS EPC for power and AI infrastructure
$6M investment commitment from ENMAS EPC Power Projects Limited, subject to definitive agreements and due diligence.
1606 Corp. signs nonbinding term sheet to be acquired by Sim Agro Inc.
Sim Agro Inc., a private power and sustainable energy firm, will acquire a controlling interest in 1606 Corp. (CBDW).
1606 Corp. increases note principal to $1.83M from ex-CEO Lambrecht; adds 25% discount conversion
October 21, 2025 addendum raises promissory note principal to $1,829,550 from $1,528,550.
1606 Corp. to attend 151st NIBA Conference; exploring M&A and uplisting
Company attending NIBA Conference in Fort Lauderdale on September 16, 2025.
1606 Corp. announces timely Q2 10-Q filing, increased trading volume, M&A interest
Filed Q2 2025 10-Q on time; maintains continuous SEC compliance since inception.
1606 Corp. amends promissory note; principal raised to $1.74M, adds 25% discount conversion
Principal increased to $1,739,550 from $1,528,550, an increase of $211,000.
1606 Corp. common stock approved for quotation on OTCID platform
Common stock (OTC: CBDW) begins trading on OTC Markets OTCID tier as of July 1, 2025.
1606 Corp. to upgrade OTC listing from Pink to OTC ID effective July 1, 2025
1606 Corp. (OTC: CBDW) will move from OTC Pink to OTC ID tier effective July 1, 2025.
1606 Corp. extends $20M equity line with GHS Investments through May 2027
Amendment dated May 14, 2025 extends termination to 24 months from that date, replacing original Feb 2023 term.
1606 Corp. issues $1.53M promissory note to former CEO Gregory Lambrecht
Principal amount of $1,528,550, amended from $1,220,550, issued March 31, 2025.
1606 Corp. files 2024 10-K, attends IPO Summit, pursues M&A and up-list
Filed annual 10-K for FY2024 ending Dec 31, 2024; remains current on all SEC filings since inception.
1606 Corp. signs non-binding LOI for $1M controlling stake by Garfield/Arnold group
Private group led by Jon Garfield and Chuck Arnold to acquire controlling position for $1 million.
1606 Corp. comments on RedChip's RedChat launch as validation of its own AI chatbot
Press release dated Feb 11, 2025, reacts to RedChip's new AI chatbot RedChat for microcap/small-cap research.
1606 Corp. announces AI services partnership with GPO Plus to enhance PRISM+ platform
1606 Corp. will provide AI development, data integration, edge computing, training, and performance monitoring for GPOX's PRISM+ platform.
1606 Corp. to leverage lower AI costs from DeepSeek for $99/month chatbot solutions
Plans to benefit from industry-wide drop in data management costs, citing DeepSeek price reductions.
Amended and restated promissory note principal amount $1,365,550 issued to former CEO Gregory Lambrecht on Dec 31, 2024.
1606 Corp. expresses strong support for strategic investment target Adnexus Biotechnologies after Trapicolast announcement.
1606 Corp. supports Adnexus AI health tech; LOI terminated but still pursuing deal
1606 Corp. issued press release supporting Adnexus Biotechnologies' Neural Temporal Fingerprinting AI technology for personalized health monitoring using EEG/ECG.
1606 Corp. files Q3 10-Q, signs LOI with Adnexus Biotechnologies
Filed Q3 10-Q for period ended September 30, 2024, maintaining continuous quarterly filings since inception.
1606 Corp. target Adnexus merges with Sanctum for HIV and COVID-19 assets
Adnexus Biotechnologies completed acquisition of Sanctum Therapeutics' core tech assets for HIV and SARS-CoV-2.
1606 Corp amends promissory note to former CEO, increasing principal to $1.22M
Issued Amended and Restated Promissory Note to former CEO Gregory Lambrecht on Nov 1, 2024 for $1,220,550.
1606 Corp. dismisses auditor Turner, Stone; engages Salberg & Company
Dismissed Turner, Stone & Company as independent auditor effective October 21, 2024; no disagreements.
Webinar on October 10, 2024 at 4:15 p.m. ET, hosted by RedChip Companies.
1606 Corp. signs LOI for strategic stake in AI drug-discovery firm Adnexus Biotechnologies
Signed LOI to acquire a strategic stake in Adnexus Biotechnologies; no deal value disclosed.
1606 Corp. signs non-binding LOI to acquire strategic stake in AI biotech Adnexus
LOI for a strategic stake in Adnexus, an AI biotech focused on early drug discovery and infectious disease research.
1606 Corp. restates three 2023 quarterly reports due to former CEO salary accrual errors
Board concluded on April 2, 2024 that Q1-Q3 2023 interim financials were no longer reliable.
1606 Corp. announces new CEO Austen Lambrecht, Q2 filing, AI chatbot marketing launch
Austen Lambrecht appointed CEO in May 2024; driving AI strategy and M&A discussions.
1606 Corp. appoints Austen Lambrecht as CEO and Chairman, effective May 31, 2024
Austen Lambrecht named CEO and Chairman of the Board, succeeding Greg Lambrecht.
CEO Austen Lambrecht gains voting control via Series B preferred stock gift from father
Gregory Lambrecht gifted 60 shares of Series B Preferred Stock to his son Austen Lambrecht, the current CEO.
1606 Corp. announces June 11 investor webinar with CEO Austen Lambrecht
Webinar on June 11, 2024 at 4:15 p.m. ET, hosted by RedChip Companies.
Gregory Lambrecht resigned as CEO, CFO, and Chairman effective May 28, 2024, not due to any disagreement with the company.
1606 Corp. reports increased Q1 revenue, signs first IR Chat client Singlepoint, partners with ISO
Partnered with an Independent Sales Organization (ISO) with a network of 50+ clients to expand IR Chat sales channels.
1606 Corp. announces successful participation at Planet MicroCap Showcase; launches IR Chat chatbot
Participated in Planet MicroCap Showcase (April 30 - May 2, 2024, Las Vegas) to market its new IR Chat chatbot.
1606 Corp. launches IR Chat AI bot for investor relations at Planet Microcap show
IR Chat is a proprietary AI chatbot built on Microsoft Azure, Copilot, and ChatGPT; fully owned by 1606.
Effective May 28, 2024, the Board of Directors of the Company (with Austen Lambrecht abstaining) appointed Austen Lambrecht, age 26, as Chief Executive Officer (Principal Executive Officer), Chief Financial Officer (Principal Financial and Accounting Officer), and Chairman of the Board of the Company.
Effective May 28, 2024, Gregory Lambrecht resigned as the Chief Executive Officer, Chief Financial Officer, and Chairman of the Board of 1606 Corp., a Nevada corporation (the “ Company ”).
Max materiality 0.75 · Median 0.53 · Most common event other_material