1606 Corp 8-K, filed Jan 25, 2024
1606 Corp. (CBDW)
About this 8-K
1606 Corp filed this 8-K on January 25, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
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Item 7.01. | Regulation FD Disclosure. |
On January 25, 2024, 1606 Corp., a Nevada corporation (the “Company”), filed a press release which announced the successful closing of multiple new chatbot customers through the Company’s partnership with Cannasite.
The furnishing of the press release is not an admission as to the materiality of any information therein. The information contained in the press release is summary information that is intended to be considered in the context of more complete information included in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise the information contained in this report, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.
The information in this Item 7.01 of this Current Report on Form 8-K and the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 7.01 and in the press release shall not be incorporated by reference into any filing with the SEC made by the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
Exhibit No. |
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104 |
| Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: January 25, 2024 | By: | /s/ Gregory Lambrecht |
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| Gregory Lambrecht, Chief Executive Officer |
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EXHIBIT 99.1
1606 Corp.’s AI Chatbot Generates Immediate Revenue Growth from New ISO Partnership
Seattle, WA, January 25, 2024 –1606 Corp. (Stock Symbol: CBDW), an industry leader in the development of AI-powered merchandising chatbots, is pleased to announce a remarkable achievement related to its brand new partnership with Cannasite, a reseller of CBDW’s AI-driven merchandising chatbot. Within just three days of signing the partnership with CannaSite, CBDW has successfully closed multiple new chatbot customers. This instant impact of revenue growth underscores the effectiveness and readiness of our marketing strategies.
The early success with CannaSite, even before the commencement of CBDW’s targeted marketing efforts to their extensive client base of over 300 CBD merchants, highlights the strong demand and potential of ChatCBDW. This quick start, leading to immediate revenue generation, promises a bright future for the program and sets a high bar for the upcoming official marketing campaign.
Greg Lambrecht, CEO of 1606 Corp., expressed his enthusiasm: “The immediate onboarding of customers through our partnership with CannaSite is a testament to the market’s readiness for advanced AI solutions. We are not only witnessing swift integration of our chatbots but also the tremendous potential for revenue and growth with web platform sales in partnership with CannaSite.”
The Rising Trend of Retail Chatbot Usage
The retail industry is increasingly embracing chatbot technology to meet the evolving needs of the digital consumer. Chatbots offer a range of benefits including 24/7 customer service, personalized shopping experiences, and efficient handling of customer inquiries. This trend is reflective of a broader shift towards AI-driven solutions in the retail sector, which is why we believe CBDW is in the right place at the right time.
About CannaSite
CannaSite is a leading provider of web design and digital marketing services in the cannabis industry with a robust client base and significant industry connections. Offering website packages for every cannabis company in any stage of business, their mission is to provide strategic website design that keeps the user eager for more. Their partnership with 1606 Corp. is set to revolutionize the AI merchandising landscape in the cannabis sector.
About 1606 Corp.
1606 Corp. stands at the forefront of technological innovation, particularly in the online CBD industry. Our mission is to revolutionize customer service, addressing the most significant challenges faced by consumers in the digital marketplace. We are dedicated to transforming the CBD industry through cutting-edge AI centric solutions, ensuring a seamless and efficient customer experience.
As a visionary enterprise, 1606 Corp. equips businesses with the advanced tools they need to excel in the competitive digital landscape. Our commitment to innovation and quality positions us as a leader in the field, driving the industry forward and setting new benchmarks for success and customer satisfaction.
Industry Information
The global artificial intelligence market has seen remarkable growth, valued at $428 billion in 2022 and projected to reach $2.25 trillion by 2030. With a compound annual growth rate (CAGR) ranging from 33.2% to 38.1%, AI’s global impact is undeniable, with as many as 97 million individuals expected to work in the AI sector by 2025, according to fortunebusinessinsights.com
Forward-Looking Statements
This press release includes statements that may be deemed to be “forward-looking statements” under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Specific forward-looking statements in this press release include, among others, statements regarding the expected trading of our shares on The Nasdaq Capital Market, the expected closing of the offering, and the intended use of the net proceeds of the offering. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially and adversely from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the prospectus included in the Registration Statement and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and 1606 Corp. does not undertake any duty to update any forward-looking statements except as may be required by law. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
SOURCE 1606 Corp
Contact
(Greg Lambrecht // Greg@1606corp.com // CBDW.AI)
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