1606 Corp. Updates Planned Acquisition of Lufkin Power Campus

What Happened

• On August 25, 2026, 1606 Corp. (CBDW) filed an Item 7.01 Regulation FD disclosure and issued a press release updating its planned acquisition and redevelopment of an approximately 132‑acre East Texas (Lufkin) power campus that includes an approximately 55 MW biomass generation facility and existing industrial infrastructure.
• The company said it has engaged MDM Group LLC to identify and introduce prospective long‑term capacity off‑takers, AI and high‑performance computing operators, strategic partners and potential purchasers, and has engaged a power‑generation services company to support planned operation and recommissioning. The filing notes the company is continuing efforts to complete the acquisition under its existing purchase agreement.

Key Details

• Date: Press release and Form 8‑K filed August 25, 2026.
• Site: ~132 acres in Lufkin, East Texas, with ~55 MW biomass generation capacity.
• Advisors/engagements: MDM Group LLC retained to source off‑takers and partners; an unnamed power‑generation services firm retained to assist with operation/recommissioning.
• Status: Acquisition not yet completed; update on ongoing efforts under existing purchase agreement. The press release contains forward‑looking statements and notes penny stock safe harbor limits.

Why It Matters

• The update signals 1606 Corp. is actively pursuing redevelopment and commercial pathways (capacity contracts, AI/HPC operators, partnerships or sale) for an existing industrial power asset, which could create new revenue or strategic options if the acquisition and commercialization proceed.
• Investors should note this is an operational/transaction update, not a report of closed transaction terms or financial results; completion remains subject to the purchase agreement and future developments. The press release includes forward‑looking statements and cautions that certain legal safe harbors may not apply because the stock is a penny stock.