Transaction Creates a Public Vehicle for Scaling Captive Power Assets and Data Center Infrastructure, Targeting High-Growth data center and AI Markets
CBDW to be acquired by Sim Agro Company to purchase Power Assets for Data Centers Sim Agro has a proven record of power asset management New co to provide energy for AI infrastructure and Data Centers
PHOENIX, Nov. 18, 2025 (GLOBE NEWSWIRE) -- 1606 Corp. (OTCID: CBDW) (“1606” or the “Company”) a leading AI company, is thrilled to announce that it has signed an Acquisition Term Sheet to be acquired by Sim Agro Inc. (“Sim Agro”), a leading privately held power and sustainable energy company with extensive experience in energy generation and infrastructure development for various sectors including manufacturing and datacenters. Sim Agro has a first right of refusal contract to acquire a data center capable warehouse and power plant. After the acquisition, Sim Agro will become publicly-traded under the ticker “CBDW.”
“This is an exciting step for 1606 Corp.,” said Austen Lambrecht, CEO of 1606 Corp. “Sim Agro Inc.’s extensive experience in developing and operating power plants provides a strong foundation to support the next generation of data centers with reliable, efficient, and sustainable energy. Power is the lifeblood of data centers, and as demand for cloud services, AI, and digital infrastructure grows exponentially, the need for high-quality, uninterrupted energy has never been more critical. This acquisition positions 1606 Corp. to participate in a rapidly growing sector, and we plan to pursue an up-listing to a senior exchange once the transaction is completed.”
Lambrecht continued, “Under the Term Sheet, Sim Agro Inc. intends to acquire a controlling interest in 1606 Corp., creating a public platform for the company’s strategic expansion into captive power generation for AI and new frontier digital infrastructure as well as setup data centers for these purposes. We believe the transaction positions 1606 Corp. to play a key role in the rapidly expanding sector of data center and AI by providing reliable, scalable, captive energy and data center infrastructure solutions critical to powering the global digital economy.”
Sim Agro Inc., led by President Dr. Karthik Raghavan PhD, brings along with a global team based in the U.S., India, South Korea, and the Middle East, extensive expertise in developing, managing and operating power-generation assets throughout the world. The company also has a first right of refusal contract to acquire a data center capable warehouse and power plant along with 100+ acres of additional land with pending funding, further strengthening its capacity for exponential growth.
Sim Agro Inc. has identified several such assets and plans to develop and operate captive power-generation facilities specifically designed to meet the rigorous demands of datacenter and AI infrastructure operations as well as construct data centers in conjunction with several partners in an effort to provide a complete solution. This approach ensures consistent, high-quality captive power with grid backup, making AI and new generation digital frontiers more reliable to support and flourish without having to worry about their power and other infrastructure needs. This use of captive power also sidesteps the controversies surrounding the usage of grid power that potentially impact residential and other business consumers.
Dr. Karthik Raghavan PhD, President of Sim Agro Inc., added, “By acquiring 1606 Corp., we gain a public-company platform to raise funds and execute our strategy of delivering reliable power for data centers. Data centers are the backbone of the digital economy and ensuring uninterrupted energy supply is essential for their operation. Our experience in international power assets enables us to deliver scalable, dependable energy solutions that meet the demanding needs of this vital industry.”
The Term Sheet outlines the framework under which Sim Agro Inc. will pursue the acquisition of a controlling position in 1606 Corp. and is subject to customary due diligence, regulatory approvals, and execution of definitive agreements. The transaction is expected to close in the coming months.
Following the completion of the deal, Sim Agro Inc. intends to pursue the development of power-generation assets and datacenter infrastructure dedicated to AI and digital operations, combining operational expertise with strategic energy assets and planning to meet the growing global demand for reliable and sustainable power.
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