1606 Corp (CBDW)

[AveragePenny]

$CBDW 1606 Corp. Receives up to $6 Million Investment Commitment to Acquire Power Assets and Advance AI and Data Center

https://www.globenewswire.com/news-release/2025/12/03/3198797/0/en/1606-Corp-Receives-up-to-6-Million-Investment-Commitment-to-Acquire-Power-Assets-and-Advance-AI-and-Data-Center.html

Company secures $6M to accelerate captive power acquisitions and expand AI-ready data center infrastructure amid strategic merger developments

1606 Corp. secures a $6 million investment commitment to accelerate its acquisition of captive power assets and expand its AI-centric infrastructure strategy.
Company advances toward a strategic merger with Sim Agro, strengthening its global footprint across energy and data-center development.
Funding supports expansion of AI-ready data centers, enabling scalable, reliable power capacity for high-demand AI compute workloads.

PHOENIX, Dec. 03, 2025 (GLOBE NEWSWIRE) -- 1606 Corp. (OTCID: CBDW) (“1606” or the “Company”), a publicly traded company focused on AI and next-generation power infrastructure, today announced it has received a $6 million Investment Commitment Letter from ENMAS EPC Power Projects Limited to support the Company’s strategic growth and expansion initiatives. These initiatives include the potential acquisition of a power plant and buildout of AI and datacenter infrastructure.

The investment commitment provides for $6 million in funding and remains subject to the execution of definitive agreements, due diligence, and customary closing conditions. The capital is designated to accelerate and facilitate the Company’s potential acquisition of a power plant, power generation, and energy infrastructure for AI and data center operations, while supporting strategic acquisitions, corporate development, and operational scaling.

“This investment commitment reflects strong confidence in our strategy and long-term vision in our previously announced potential merger transaction with Sim Agro inc.,” said Austen Lambrecht, Chief Executive Officer of 1606 Corp. “As demand for AI computer and data center capacity continues to accelerate globally, scalable and reliable power has become one of the most critical bottlenecks in digital infrastructure. This capital will strengthen our ability to execute across power infrastructure, AI deployment, and next-generation data center initiatives.”

Sim Agro Inc. Term Sheet

The Company previously announced that it entered into an acquisition term sheet with Sim Agro Inc., a privately held power and sustainable energy company, under which Sim Agro inc. agreed to acquire a controlling interest in the Company. Sim Agro inc. also holds a first right of refusal to acquire a data center–capable warehouse and power plant. The previously announced term sheet outlines the Company’s strategic path into captive power generation and data center infrastructure development for AI and next-generation digital operations.