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Replies to #482 on 1606 Corp (CBDW)
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Charlie V

03/20/23 3:24 PM

#485 RE: SriMaharaj #482

From the 10-K there were 36,953,394 restricted shares so those are beginning to be traded now. When this first started trading it was Greg's shares and his three children's 150,000 shares that could be traded. So this started trading with only 475,000 outstanding shares non restricted.

At December 31, 2022 and 2021, 37,428,394 and 37,103,394 shares of the Company’s Common Stock were outstanding, respectively. For the year ended December 31, 2021 calculation, the 36,953,394 shares issued in association with the spin off are treated as issued and outstanding from January 1, 2021, for purposes of calculating basic and diluted earnings per share, as prior to the April 2021 spin off no common shares were issued or outstanding.