606 Corp, aka CBD.Inc, agrees to buy 51% of Brio Nutrition Pending Ongoing Financial Audit
Phoenix, AZ – McapMediaWire— 1606 Corp (OTC: CBDW), an acquisition-based CBD product distribution company, announced that the company has successfully started trading on the OTC Market under the Ticker Symbol of CBDW. 1606 Corp’s S-1 registration statement became effective on January 22, 2022 and began trading on the OTC Market on January 17th, 2023.
CBDW is a ticker symbol that embodies the business model of 1606 Corp and highlights management’s goal to build a product-driven CBD-Wellness company. CBD.Inc and 1606 Corp. look to accumulate a diverse portfolio of CBD products and companies nationwide. The business model will achieve management goals by consolidating the fragmented CBD industry via acquisitions. The Ticker symbol CBDW will provide market recognition of these goals and the company’s business model.
“It’s always been a critical component of trading on the public markets for companies to utilize a stock symbol that reinforces the mission of the company. We purposefully requested the ticker symbol “CBDW” because that ticker represents us as a business. Our core focus is on buying companies with great wellness products and brands that embody the benefits of CBD, and the ticker says all of that in just four letters.” said Greg Lambrecht, CEO, and Chairman of 1606 Corp.
1606 Corp (OTC: CBDW) has signed a letter of intent (LOI) to purchase 51% of Brio Nutrition’s (https://brionutrition.com/), a profitable CBD development and distribution company. Brio Nutrition’s has agreed to an LOI with 1606 Corp and filed for an audit on September 30th, 2022, which is still pending. Upon completion of the audit, a combination of stock and cash, totaling USD 600,000.00, will be transferred, and the transaction will be complete.
Brio Nutrition Revenue (unaudited)
“Brio Nutrition’s is the first of many acquisitions we intend on closing this year. The CBD market is quite fragmented and growing so we’re on a mission to consolidate the industry by purchasing companies with strong product brands and established distribution. We’ll use these accumulated outlets to cross-pollinate our product line. It’s going to be the key to our success” Said Greg Lambrecht CEO of 1606 Corp DBA CBD Inc.
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