Overview
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- TickerCBDW on OTC1
- IndustryServices-Prepackaged Software1
- HeadquartersPhoenix, Arizona1
- Incorporated inNV2
- Business address2425 E. Camelback Rd, Suite 150, Phoenix, Az 850162
- Filer category, Emerging growth company2
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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.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue, net of discounts | $0 | $7.2K |
| Cost of goods sold | $0 | $7.3K |
| Gross profit (loss) | $0 | -$118 |
| Selling, general and administrative | $485.7K | $4.1M |
| Write-off of notes receivable and investments | $0 | $21.5K |
| Total operating expenses | $485.7K | $4.1M |
| Operating loss | -$485.7K | -$4.1M |
| Interest expense | -$953.7K | -$491.4K |
| Gain on debt extinguishment | $55.3K | $37.5K |
| Initial derivative expense | -$142.7K | $0 |
| Change in fair value of derivative liabilities | $231.9K | $77.2K |
| Total other expenses | -$809.3K | -$376.7K |
| Loss from operations before income taxes | -$1.3M | -$4.5M |
| Provision for income taxes | $0 | $0 |
| Net Loss | -$1.3M | -$4.5M |
| Deemed dividend | $0 | $0 |
| Net Loss attributable to common stockholders | -$1.3M | -$4.5M |
| Net loss per share - basic and diluted | -$0.01 | -$0.06 |
| Weighted average common shares - basic and diluted | 195.3M shares | 78.2M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $0 | $2.1K | $48.9K |
| Prepaids & other current assets | $16.1K | $8.1K | |
| Total Current Assets | $16.1K | $10.1K | |
| Total Assets | $16.1K | $10.1K | |
| Accounts payable and accrued liabilities | $565.2K | $499.2K | |
| Accrued interest | $103.4K | $48.5K | |
| Note payable to related party | $63.5K | $63.5K | |
| Convertible notes, net of discount | $29.8K | $188.3K | |
| Derivative liability | $1.6M | $40.6K | |
| Convertible notes, net of discount, related party shareholder | $902.4K | $0 | |
| Note payable to related party shareholder | $0 | $1.4M | |
| Total Current Liabilities | $3.2M | $2.2M | |
| Total Liabilities | $3.2M | $2.2M | |
| Common stock, par value $0.0001 per share, 5,000,000,000 shares authorized; 472,426,803 and 112,711,945 shares issued and outstanding, respectively | $47.2K | $11.3K | |
| Additional Paid-in Capital | $5.0M | $4.7M | |
| Accumulated Deficit | -$8.2M | -$6.9M | |
| Total Stockholders' Deficit | -$3.2M | -$2.2M | -$1.4M |
| Total Liabilities and Stockholders' Deficit | $16.1K | $10.1K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 5.0B shares | 5.0B shares | |
| Common stock, shares issued | 472.4M shares | 112.7M shares | |
| Common stock, shares outstanding | 472.4M shares | 112.7M shares | |
| Preferred stock, par value | $0.00 | ||
| Preferred stock, shares authorized | 100.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $0 | $2.1K | $48.9K |
| Prepaids & other current assets | $16.1K | $8.1K | |
| Total Current Assets | $16.1K | $10.1K | |
| Total Assets | $16.1K | $10.1K | |
| Accounts payable and accrued liabilities | $565.2K | $499.2K | |
| Accrued interest | $103.4K | $48.5K | |
| Note payable to related party | $63.5K | $63.5K | |
| Convertible notes, net of discount | $29.8K | $188.3K | |
| Derivative liability | $1.6M | $40.6K | |
| Convertible notes, net of discount, related party shareholder | $902.4K | $0 | |
| Note payable to related party shareholder | $0 | $1.4M | |
| Total Current Liabilities | $3.2M | $2.2M | |
| Total Liabilities | $3.2M | $2.2M | |
| Common stock, par value $0.0001 per share, 5,000,000,000 shares authorized; 472,426,803 and 112,711,945 shares issued and outstanding, respectively | $47.2K | $11.3K | |
| Additional Paid-in Capital | $5.0M | $4.7M | |
| Accumulated Deficit | -$8.2M | -$6.9M | |
| Total Stockholders' Deficit | -$3.2M | -$2.2M | -$1.4M |
| Total Liabilities and Stockholders' Deficit | $16.1K | $10.1K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 5.0B shares | 5.0B shares | |
| Common stock, shares issued | 472.4M shares | 112.7M shares | |
| Common stock, shares outstanding | 472.4M shares | 112.7M shares | |
| Preferred stock, par value | $0.00 | ||
| Preferred stock, shares authorized | 100.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$1.3M | -$4.5M |
| Shares issued for services provided | $15.0K | $3.0M |
| Amortization of debt discount | $850.8K | $360.8K |
| Change in fair value of derivative liabilities | -$231.9K | -$77.2K |
| Gain on debt extinguishment | -$55.3K | -$37.5K |
| Initial derivative expense | $142.7K | $0 |
| Write-off of note receivable and investments | $0 | $21.5K |
| Inventory write-off | $0 | $72.9K |
| Accounts receivable | $0 | $3.6K |
| Prepaids & other current assets | -$8.0K | -$6.6K |
| Accounts payable and accrued liabilities | $66.0K | $204.2K |
| Accrued interest | $55.0K | $48.9K |
| Net cash used in operating activities | -$460.8K | -$891.0K |
| Net cash used in investing activities | $0 | $0 |
| Proceeds from note payable to shareholder, net | $539.5K | $415.0K |
| Proceeds from convertible notes | $146.0K | $494.5K |
| Repayment of convertible notes | -$309.9K | -$436.4K |
| Proceeds from sale of common stock | $83.1K | $371.1K |
| Net cash provided by financing activities | $458.7K | $844.1K |
| Net increase (decrease) in cash | -$2.1K | -$46.9K |
| Interest paid | $0 | $0 |
| Income tax paid | $0 | $0 |
| Discount on convertible notes payable from derivative liability | $1.8M | $147.8K |
| Conversion of loans and accrued interest into common stock | $0 | $144.4K |
No quarter-by-quarter statement was filed.
Corporate structure
1606 CORP. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of 1606 CORP.
- Greg Paul Lambrecht Filed SCHEDULE 13G on 1606 CORP., latest Apr 23, 2026
- 1606 CORP. Phoenix, Arizona
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What 1606 CORP. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Inventory
Properties, in its own words
The Company leases approximately 100 square feet of office space at 2425 E. Camelback Road, Suite 150, Phoenix, AZ 85016, at a monthly base rent of $580. The lease is on a month-to-month basis.
Item 2 of the 10-K filed Mar 27, 2026.3
Timeline
- Oct 6, 20268-K Regulation FD disclosure11
- Oct 2, 20268-K Entered a material agreement; Ended a material agreement12
- Sep 16, 20268-K Regulation FD disclosure13
- Sep 8, 20268-K Regulation FD disclosure14
- Aug 25, 20268-K Regulation FD disclosure15
- Aug 11, 20268-K Regulation FD disclosure16
- Jul 24, 20268-K Entered a material agreement; New debt or obligation; Executive or director change17
- Jun 3, 20268-K Regulation FD disclosure18
- Jun 2, 20268-K Entered a material agreement19
- May 4, 20268-K Entered a material agreement; Regulation FD disclosure20
- Apr 16, 20268-K Entered a material agreement21
- Mar 31, 20268-K Regulation FD disclosure22
Filings
168 filings to the SEC since October 2021: 5 annual reports, 17 quarterly reports, 76 major events, 1 large holders, 69 other. The latest 20:
- Oct 6, 20268-K EDGAR
- Oct 2, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Sep 8, 20268-K EDGAR
- Aug 25, 20268-K EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 11, 20268-K EDGAR
- Jul 24, 20268-K EDGAR
- Jun 3, 20268-K EDGAR
- Jun 2, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 4, 20268-K EDGAR
- Apr 28, 2026424B3 EDGAR
- Apr 23, 2026144 EDGAR
- Apr 23, 2026SCHEDULE 13G EDGAR
- Apr 22, 2026EFFECT EDGAR
- Apr 17, 2026POS AM EDGAR
- Apr 16, 20268-K EDGAR
- Mar 31, 20268-K EDGAR
- Mar 27, 202610-K EDGAR
The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Greg Paul LambrechtSCHEDULE 13G, 1 filing Apr 23, 202623
SEC filer profile
How 1606 CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGAR1606 CORP.1
- CIK0001877461
- Employer ID (EIN)86-14973463
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
- Incorporated inNevada3
- Fiscal year endsDecember 311
- Industry code (SIC)7372 Services-Prepackaged Software1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address2425 E. Camelback Rd, Suite 150, Phoenix, AZ 850161
- Phone602-481-15441
- Shares outstanding1,342,039,105 as of Aug 14, 202610
- Public float$3.3M as of Jun 30, 20253
- AuditorSALBERG & COMPANY, P.A., Boca Raton, Florida PCAOB ID 106; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceAug 11, 20211
- Filings171 in all: 8-K (76), 10-Q (14), S-1/A (9), UPLOAD (9), 144 (8), CORRESP (8), EFFECT (7), 10-K (5)1
All 24 form types
NT 10-Q (5), S-1 (5), 424B3 (4), 1-A/A (3), 10-Q/A (3), 424B4 (3), NT 10-K (2), POS AM (2), 1-A (1), 253G1 (1), 8-A12G (1), D (1), DEF 14C (1), PRE 14C (1), QUALIF (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 14, 2026
Latest 8-K (8-K) Oct 6, 2026
Risk factors and legal proceedings
Legal proceedings
From time-to-time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. We are not presently a party to any material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGAR1606 CORP. filings on SEC EDGAR
- 2SEC EDGAR1606 CORP. filings on SEC EDGAR
- 3
- 4SEC EDGAR1606 CORP. 10-K for fiscal 2025
- 5SEC EDGAR1606 CORP. 10-K for fiscal 2020
- 6SEC EDGAR1606 CORP. 10-K for fiscal 2021
- 7SEC EDGAR1606 CORP. 10-K for fiscal 2022
- 8SEC EDGAR1606 CORP. 10-K for fiscal 2023
- 9SEC EDGAR1606 CORP. 10-Q for fiscal 2026
- 10SEC EDGAR1606 CORP. 10-Q for fiscal 2026
- 11SEC EDGARRegulation FD disclosure
- 12
- 13SEC EDGARRegulation FD disclosure
- 14SEC EDGARRegulation FD disclosure
- 15SEC EDGARRegulation FD disclosure
- 16SEC EDGARRegulation FD disclosure
- 17
- 18SEC EDGARRegulation FD disclosure
- 19SEC EDGAREntered a material agreement
- 20
- 21SEC EDGAREntered a material agreement
- 22SEC EDGARRegulation FD disclosure
- 23