1606 Corp. (OTC |
CBDW) to Produce a New Inventory of CBD Smokables to Supply an
Additional 2500 Retail Outlets, Engages Direct Marketing Expert to
Head Efforts
Phoenix, AZ -- February 1,
2023 -- InvestorsHub NewsWire -- 1606 Corp (OTC:
CBDW), an acquisition-based CBD + Hemp retail product
distribution company, announces that the company's products are
sold in retail locations in the United States. 1606 products are
now actively engaged in a modern direct marketing campaign to
continue the growth into individual retail stores and have hired a
direct marketing industry veteran, Brent Duskin. Mr. Duskin has
worked with fortune 500 companies that complement CEO Greg
Lambrecht's experience and connections in retail distribution. Mr.
Lambrecht has personally conducted business with over 30,000 retail
stores in his career and is the foundation of the recent growth of
1606 CBD products.
The company's main product skew is CBD SINGLZ,
which is a smokable CDB product. The displays hold three 25ct
Singlz containing mango-flavored CBD rolls, Original Flavor, and
Menthol. These products are enthusiastically being used by
cigarette smokers to quit their addiction to nicotine. 1606 Corp
currently has enough inventory to fill orders for an additional
2500 retail locations.

"The gap left as a result of the flavor ban on
vaping and tobacco products has left a lot of shelves open, so
we're aggressively taking advantage of that opportunity," said CEO
and Chairman - Greg Lambrecht.
CEO & Chairman of the Board -
Greg Lambrecht
Visionary entrepreneur backed by a robust tenure in
company operations, investor relations, and corporate leadership,
has a successful track record in founding and leading start-up
companies. As the founder of PCI, a leading consumer product
distribution company, Greg negotiated agreements with the nation's
largest retail outlets such as 7-11 (Southland Corp), Albertson's,
and Costco representing 25,000 retail accounts. Greg led PCI
through a NASDAQ-listed IPO, raising $10,000,000. Greg is a
graduate of Western Washington University with a degree in
marketing communications.
Since taking PCI public several years ago, Greg
completed a reverse merger in 2011 into a company now called
Singlepoint. Greg resigned as Chairman/CEO/Director and spun out
1606 Corp (Doing Business AS CBD.INC (OTC | CBDW) is a public
company from Singlepoint. Greg has now taken three companies
public, raising millions of dollars in the process.
About Brent Duskin;
Brent's expertise includes direct marketing
strategic planning, offer development, platform testing, and
rollout. Brent has worked on, developed, and created well over
10,000 new customer lead generation and acquisitions programs for
companies such as Time Warner Cable, AT&T & Fisher
Investments.
Brent's portfolio includes examples of joint-agency
direct marketing campaign collaborations where he developed offline
awareness and fulfillment campaigns that included brands such as:
Kevin O'Leary, Robert Herjavec, Barbara Corcoran from "Shark Tank",
Scott McGillivray of "Income Properties", Jonathan & Drew
Scott, AKA "The Property Brothers", Scott & Amie Yancey of
"Flipping Vegas", Josh Altman from "Million Dollar Listings LA",
Scott Disick of "Flip it Like Disick", Dean Graziosi, "The
Millionaire Mentor", and many others.
About 1606 Corp;
1606 Corp acquires and develops CBD brands
including Truz and CBD Singlez, (www.1606hemp.com).
The company utilizes an acquisition model aimed at consolidating
the fragmented CBD industry. 1606 Corp has a primary focus on Hemp
and CBD products, brand development, and establishing distribution
channels. 1606 Corp. was awarded the ticker symbol CBDW on January
12th, 2022, and began trading on the OTC Market on January 17th,
2023.
Industry
Information;
The Cannabidiol (CBD) market accounted for USD 12.8
billion in 2021 and is estimated to grow with a 21.7% CAGR between
2022 and 2028, according to Grand view research (link).
The global cannabidiol (CBD) market size was valued at $5.18
billion in 2021 and is expected to expand, at a compounded annual
growth rate (CAGR) of 16.8% from 2022 to 2030. Cannabidiol (CBD) is
a chemical compound that is found in the cannabis Sativa plant, and
is extracted from hemp or cannabis, generally from hemp due to its
naturally high cannabidiol (CBD) content…
Forward-Looking Statements
This press release contains
statements that constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements appear in a number of places in this release and
include all statements that are not statements of historical fact
regarding the intent, belief, or current expectations of 1606 Corp
(the "Company"), its directors, or its officers with respect to,
among other things: (i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy
and operating strategy. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties, and other factors, which are, in some cases,
beyond the Company's control and which could, and likely will
materially affect actual results, levels of activity, performance,
or achievements. The Company assumes no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future. Important factors
that could cause actual results to differ materially from the
company's expectations include, but are not limited to, those
factors that are disclosed under the heading "Risk Factors" and
elsewhere in documents filed by the company from time to time with
the United States Securities and Exchange Commission and other
regulatory authorities.
Contact:
Greg Lambrecht
greg@1606corp.com
CBD.inc
Austen Lambrecht
austen@1606corp.com
CBD.inc
888-223-9510
Company Websites;
www.1606hemp.com
www.CBD.Inc
Contact Details
Greg Lambrecht
greg@1606corp.com
Austen Lambrecht
austen@1606corp.com