EX-99.1 2 cbdw_ex991.htm PRESS RELEASE cbdw_ex991.htm EXHIBIT 99.1 1606 Corp. Advances Power Acquisition as Financing Discussions Accelerate PHOENIX, AZ - June 3, 2026 - 1606 Corp. (OTC: CBDW) announced continued progress toward the acquisition of the power generation and infrastructure project, including the execution of an Amendment to its Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC, extending the closing date to October 31, 2026. The Company currently anticipates completing the transaction prior to the extension deadline. The amendment reflects the continued commitment of both parties to complete the acquisition while providing additional time to finalize financing and satisfy remaining closing requirements. As part of the amendment, 1606 Corp. has made an extension payment and continues to work closely with the seller to advance the transaction toward closing. Over the past several weeks, management has been actively engaged with a broad range of institutional investors, family offices, and energy-focused financing groups regarding both the acquisition and long-term development of the project. The Company has received multiple indications of inter…
Open exhibit ↗Current Report · Items 7.01, 9.01 · 8-K
1606 CORP
CBDWOTCEQUITYCurrent
Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure. On June 3, 2026, 1606 Corp., a Nevada corporation (the “Company”), filed a press release which announced continued progress toward the acquisition of the power generation and infrastructure project, including the execution of an Amendment to its Purchase and Sale Agreement with Jefferson Enterprise Energy, LLC, extending the closing date to October 31, 2026.…
Company context
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.