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Close of 5 Nov 2026, in USD
About 1606
From its filings with the US Securities and Exchange Commission
1606 is based in Phoenix, Arizona and is incorporated in Nevada. Its shares trade on OTC under the ticker CBDW. The SEC classifies its business as prepackaged software. In the fiscal year to 31 December 2025, it reported revenue of $0 and a net loss of $1.3m. At that date it held total assets of $16,058 and shareholders' equity of −$3.2m.
1606 Corp., a Nevada corporation (the “Company,” “we,” or “us”) was incorporated in Nevada in February 2021 as a spin-off from Singlepoint Inc. in April 2021. We started by offering a tobacco- and nicotine-free smoking alternative called “1606 Original Hemp.” We started to sell hemp, aroma-free cigarettes, first by reselling the star brand, and eventually our own brand called “TRUZ.” The brands expanded to include “Singlez,” an individually packeted version of the TRUZ hemp cigarettes. This business has been discontinued.
In August of 2023, we decided to use our knowledge of the cannabidiol (“CBD”) industry to move into AI chatbots specifically made for the CBD industry. We partnered with ARXT Labs to create a proprietary Chatbot using AI to answer customer questions and recommend a product based on their answers and preferences. We then signed a distribution contract with Cool Blue Distribution to sell the service to CBD companies as well as offer their CBD expertise through Cool Blue’s owner, Don Flanagan. In late 2023, we debuted our first chat bot, “chatCBDW by CBDW AI,” and began signing up customers to test and implement the bot on their CBD websites.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Consumer Staples
- Industry
- Tobacco
- Listed since
- 12 Jan 2023
- Employees
- 2
- Head office
- 2425 E. CAMELBACK RD, PHOENIX, AZ, 85016
- Incorporated in
- NV
- Classification
- Services-Prepackaged Software
- Filer status
- <br>Emerging growth company
Leadership
Pay as last reported
- Mr. Austen LambrechtChairman of the Board, Chief Executive Officer, Chief Financial Officer, since 2021
- Mr. Venugopal AravamudanIndependent Director
- Mr. Govindan GowrishankarIndependent Director
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- 1606 Corp manufactures nicotine-free hemp cigarettes with organic growth and no pesticides.
- The company sells products directly online through www.1606hemp.com and ships within the US.
- 1606 Corp offers pre-rolled hemp cigarettes in 20-packs and single sticks for retail customers.
Weaknesses
- 1606 Corp employs only 2 full-time employees in Phoenix, Arizona.
- The company's IPO occurred on 12 January 2023, limiting its market presence.
- 1606 Corp's products are sold in over 300 retail stores but lack international distribution.
Opportunities
- 1606 Corp can expand its product line to include more health-focused hemp products.
- The growing demand for nicotine-free alternatives in the Consumer Staples sector presents growth potential.
- 1606 Corp could target new markets in the US with its online sales platform.
Threats
- 1606 Corp faces competition from traditional tobacco companies in the Consumer Staples sector.
- Regulatory changes in the US could impact the sale of hemp products.
- The company's limited employee count may hinder its ability to scale operations.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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