1606 Corp.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $268.4K
- Price
- $0.0002
- % Change (Daily % change from the live per-ticker quote feed.)
- 0.00%
- Volume
- 90.0K
About
1606 Corp. is an artificial intelligence chatbot firm specializing in e-commerce solutions tailored for the cannabidiol (CBD) industry. Its flagship offering, ChatCBDW, is a proprietary conversational AI platform seamlessly integrated to elevate sales performance, enlighten consumers about product specifics, and deliver valuable analytics regarding customer preferences and behavioral patterns, concurrently supporting efficient inventory management. This enterprise was established in 2019 and operates from its main office in Phoenix, Arizona.
Quick stats
Shares outstanding1.3B
Computed float1.3B
Float / shares99.8%
Key info
SectorTechnology
IndustrySoftware - Infrastructure
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001877461
Websitehttps://cbdw.ai
AI Summary
AI-generated1/7
minorbullishoperations update
1606 Corp. Provides East Texas Project Update Following Week of On-Site Meetings
1606 Corp. hosted a week of site visits and meetings at its East Texas project with prospective acquirers, financing groups, data center operators, power offtakers and engineering firms.
Discussions covered potential acquisition of the property and project rights, financing and recommissioning of the existing biomass generation facility, power offtake arrangements and joint venture structures for on-site data center development.
No agreement has been reached; the proposed acquisition remains contingent on unsecured financing and an October 31, 2026 PSA closing deadline, with pending tax and litigation matters affecting clear title.
Red flags
- acquisition financing has not been secured
- PSA closing deadline of October 31, 2026 with multiple prior amendments and non-refundable fees paid
- facility acquired 'as-is, where-is' and may require substantial recommissioning
- pending tax and litigation matters affecting clear title to the property
- penny stock with no PSLRA safe harbor