1606 Corp. (CBDW)
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1606 Corp. Announces Transition to OTCID Tier, Marking a Major Step for the Company
PHOENIX, ARIZONA / ACCESS Newswire / May 20, 2025 / 1606 Corp. (OTC:CBDW) (the "Company") is pleased to announce that, effective July 1, 2025, the Company will be moving from the OTC Pink to the OTC ID designation within the OTC Markets platform. This upgrade represents a meaningful advancement in the Company's transparency, regulatory compliance, and overall market visibility as it continues to position itself for long-term growth.
1606 Corp. AI Chatbots Innovations, Strategic Partnerships, and 10-K Reporting Update
SEATTLE, WA / ACCESS Newswire / April 2, 2025 / 1606 Corp. (OTC PINK:CBDW) (the "Company," or "1606") continues to make significant strides in its mission to lead the AI-driven customer service and automation sectors. We believe the Company's latest achievements during Q4 have strengthened its market position and advanced its technological capabilities.
1606 Corp. Signs LOI to Be Acquired by Private Group Seeking to Enter the Public Markets and Utilize AI Technologies for Potential Uplisting
SEATTLE, WASHINGTON / ACCESS Newswire / March 11, 2025 / (OTC Pink:CBDW), a pioneer in AI-powered IR, is pleased to announce that it has signed a non-binding Letter of Intent (LOI) with a private group led by Jon Garfield and Chuck Arnold which is focused on acquiring waste management companies, to acquire a controlling position in the Company for $1 million. This agreement marks a significant milestone for 1606 Corp. as the group moves to acquire a controlling position in the Company for $1 million, with consideration specifics to be negotiated at a later date in definitive agreements.
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1606 Corp. Profile
| Tobacco Industry | Consumer Defensive Sector | Mr. Austen Lambrecht CEO | OTC PINK Exchange | US68249C1018 ISIN |
| US Country | 1 Employees | - Last Dividend | - Last Split | - IPO Date |
Overview
1606 Corp. emerges as a pioneering force within the artificial intelligence sector, primarily focusing on the development of chatbot technology. The company, founded in 2019 and based in Phoenix, Arizona, has positioned itself as a key player in the cannabidiol (CBD) market. By dedicating its resources to the creation of merchandising chatbots, 1606 Corp. aims to revolutionize how businesses in the CBD industry engage with their customers, manage their inventory, and enhance their overall sales process. The firm's distinct approach combines advanced AI capabilities with an in-depth understanding of the CBD market's unique demands, setting a new standard for digital customer service and business intelligence in the sector.
Products and Services
ChatCBDW: At the heart of 1606 Corp.'s innovative offerings lies ChatCBDW, a proprietary chatbot designed specifically for the CBD industry. This sophisticated tool is engineered to serve multiple purposes:
- Sales Improvement: By engaging customers in interactive conversations, ChatCBDW acts as a virtual salesperson, guiding them through product selections and facilitating the purchase process. This not only enhances the shopping experience but also drives sales figures, leveraging AI to convert interest into revenue.
- Education on Products: Recognizing the educational gap in the CBD market, ChatCBDW provides valuable information about the products, explaining their benefits, usage, and any other relevant details. This ensures that customers are well informed about their purchases, promoting transparency and trust in the brand.
- Customer Preferences and Behavior Analytics: Beyond serving as a direct sales and educational tool, ChatCBDW collects and analyzes data on customer interactions. This analytics feature allows businesses to gain insights into consumer preferences and behavior, enabling them to tailor their marketing strategies, product development, and inventory management to meet customer demands more effectively.
- Inventory Management: Integrating with business inventory systems, ChatCBDW can provide real-time updates on product availability, suggest restocks, and even predict future inventory needs based on customer interactions and sales trends. This contributes significantly to optimizing inventory levels and reducing overhead costs.
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