1606 Corp., a Nevada-based company, reported no revenue for the fiscal year ending December 31, 2025, a significant decline from the $7,195 generated in 2024. The company’s cost of goods sold remained at zero for both years, resulting in a gross loss of $0 for 2025, compared to a gross loss of $118 in the previous year. Operating expenses decreased sharply to $485,738 from $4,138,157, primarily due to the absence of stock-based compensation, which had accounted for approximately $3.033 million in 2024. Consequently, the net loss for 2025 was $1,295,041, down from $4,514,971 in 2024, reflecting improved cost management.
In terms of strategic developments, 1606 Corp. has shifted its focus from the CBD chatbot market to the acquisition and development of power infrastructure and energy assets. In November 2025, the company signed a non-binding Letter of Intent (LOI) with Sim Agro Inc., aiming to create a public platform for Sim Agro's expansion into power generation and data center infrastructure. Additionally, on March 12, 2026, the company entered a Purchase and Sale Agreement to acquire approximately 132 acres of real property in Texas, which includes a 55-megawatt power generation facility and a climate-controlled warehouse. The total purchase price is set at $11,168,864, with closing scheduled for April 15, 2026, contingent on securing necessary financing.
The company has also made strides in its AI chatbot technology, launching "chatCBDW by CBDW AI" in late 2023, designed specifically for the CBD industry. This chatbot aims to enhance customer engagement by providing tailored product recommendations based on user interactions. The company has partnered with Cool Blue Distribution to expand its reach within the CBD market. Furthermore, a second chatbot, "IRChat," was introduced for public companies, allowing users to access vital information directly from corporate websites.
As of December 31, 2025, 1606 Corp. had one full-time employee, its CEO Austen Lambrecht, and relied on independent contractors for additional support. The company has not yet achieved profitable operations and anticipates needing approximately $1 million to sustain operations over the next 12 months, excluding the Texas property acquisition. The company is exploring various capital sources, including an investment commitment from ENMAS EPC Power Projects Limited, to fund its strategic initiatives.
Looking ahead, 1606 Corp. acknowledges the uncertainty surrounding its ability to secure financing for the Texas acquisition and the operational readiness of the power generation facility. The company’s future revenue is expected to shift from chatbot licensing to power generation and data center services, contingent on the successful completion of its ongoing negotiations and acquisitions. The management remains focused on navigating these transitions while addressing the challenges of achieving sustainable growth and profitability.
About 1606 CORP.
1606 Corp. is an emerging technology company based in Phoenix, Arizona, focusing on AI-driven chatbot solutions tailored for the CBD industry. Following a strategic pivot in 2023, it launched "chatCBDW," an AI chatbot designed to enhance customer engagement for CBD retailers. With the global AI market projected to reach $2.25 trillion by 2030, 1606 aims to leverage this growth, expanding its services to various consumer-facing industries.
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