CBDW
1606 Corp.0.0010
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
295.84KP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
Term sheet for Texas power plant
1606 Corp. entered a non-binding term sheet on February 17, 2026, to acquire a 55 MW power generation facility, 50,000 sq ft climate-controlled data-center ready warehouse, and 132 acres in Lufkin, Texas, for $11.67 million ($7.5 million cash plus $4.17 million debt assumption). Closing is targeted by March 11 after a 15-day inspection and $500,000 earnest deposit. This bolsters their power assets for AI infrastructure. Deal hinges on definitive agreements.
8-K
Secures $6M investment commitment
1606 Corp. secured a $6 million investment commitment letter from ENMAS EPC Power Projects Limited on December 3, 2025, to fund strategic growth including potential power plant acquisition and AI data center buildout. Funding hinges on definitive agreements and due diligence. This bolsters execution amid its pending Sim Agro merger. Commitment not yet finalized.
8-K
Signs term sheet for acquisition
1606 Corp. signed a nonbinding term sheet on November 18, 2025, for Sim Agro Inc. to acquire a controlling interest, gaining public status under ticker CBDW. Sim Agro brings power plant expertise and a first right of refusal on a data center-capable warehouse and power plant to fuel AI infrastructure. Deal awaits due diligence and approvals. Risks include funding needs.
10-Q
Q3 FY2025 results
1606 Corp posted a narrower Q3 operating loss of $111K, down sharply from $3.2M a year ago, thanks to no repeat of last year's $3M stock-based comp hit; nine-month net loss shrank to $803K from $4.2M. Cash dwindled to $998 amid $349K operating burn, offset by $348K financing from note proceeds and $83K stock sales, while convertible notes net $487K and derivative liabilities ballooned to $1.7M. Shares outstanding doubled to 201M. Operating cash flow exceeded capex (zero). Losses widen beyond operations due to $317K interest expense. Disclosure controls remain ineffective.
8-K
Note amended, principal rises
1606 Corp. amended its promissory note to former CEO Gregory Lambrecht on October 21, 2025, boosting the principal to $1,829,550 from prior loans. The note now allows conversion of all principal and interest into common stock at a 25% discount to the closing bid price, capped by a 4.99% ownership limit. This bolsters liquidity for the emerging growth company. Yet risks linger if conversion floods shares.
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