1606 Corp Announces Pivotal Distribution Deal With a Premier CBD Distributor
March 29 2023 - 02:01PM
InvestorsHub NewsWire
PHOENIX, AZ -- March 29, 2023 -- InvestorsHub NewsWire --
1606
Corp (OTC:
CBDW), an acquisition-based CBD company, announces the company
has formally entered into a product distribution agreement with one
of the industry's premier CBD distribution companies, Cool Blue
Distribution (www.coolbluedist.com). Effective as
of April 1st, 2023, the new distributor will
represent the 1606 line of products under the brand of Brio
Nutrition on a compensated and incentivized basis.
"This monumental partnership provides CBDW with the ability to
double, if not triple, our current revenue which is a conservative
estimate. We're very proud to be working with one of the country's
largest CBD distributors which has been our goal since day one. As
a result of the efforts by the 1606 team, our growth strategy is
quickly becoming a reality". Said Shannon Shell, CEO of Brio
Nutrition, a subsidiary of 1606 Corp.
About Brio Nutrition;
Brio Nutrition is a premium CBD product developer, supplier, and
wellness company providing the highest quality hemp derivatives and
formulations for people and pets. Brio Nutrition develops and
supplies CBD gummies, topicals, capsules, topicals, and oils to
assist in treating pain, anxiety, sleep performance, and depression
for all those in need. The products developed and distributed by
Brio provide holistic solutions designed to ensure a higher quality
of life for all living beings. Learn more by
visiting Brio
Nutrition.
About 1606 Corp;
1606 Corp (OTC
| CBDW) is an acquisition-based CBD-focused holding company
with over 45 individual retail products currently being sold in the
US. 1606 Corp is focused on strategically acquiring established CBD
brands in order to capture sufficient revenue to qualify for a
listing on a national stock exchange within the next 24 months.
Industry Information;
Rates of cannabidiol (CBD) usage in the United States are
projected to surge in 2023, according to Stirling
CBD. With recent studies suggesting as high as a 10%
year-over-year (YoY) increase in usage, Stirling CBD predicts that
2023 will be a pivotal year for the industry as the widespread
adoption of CBD-infused products across the health and wellness,
beauty, and food and beverage industries. Data from 2022 provides
insight into the nature of CBD-infused products. The Center for
Advancing Health (CFAH) reported that 26% of Americans used CBD in
2022, and according to ClevelandClinic.org, 42% of people who take CBD
use it for sleep-related reasons. It is also often marketed toward
individuals struggling with anxiety, depression, quitting smoking,
fitness recovery, and post-traumatic stress disorder (PTSD).
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 several 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 concerning, 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.
Company Websites;
www.1606hemp.com
www.CBD.Inc
www.brionutrition.com
https://www.coolbluedist.com/product-category/whats-next/brio/
SOURCE 1606 Corp
1606 (PK) (USOTC:CBDW)
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