1606 net loss widens to $1.07 million in Q1 FY26; revenue unchanged at no revenue

1606 CORP

1606 CORP

CBDW

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  • 1606 Corp. posted a net loss of USD 1.07 million for quarter ended March 31, 2026, widening from USD 208,339 a year earlier.
  • Revenue was no revenue, while operating expenses edged down to USD 168,472 from USD 174,232.
  • Interest expense climbed to USD 544,468 from USD 62,054, driven by amortization of debt discount on convertible notes.
  • Results also reflected a USD 250,000 non-refundable acquisition extension fee tied to a pending Texas purchase of a 55-megawatt power facility and 50,000-square-foot warehouse in Lufkin.
  • Strategic focus shifted toward power infrastructure and data-center operations, with a May 4, 2026 definitive agreement to acquire a majority controlling stake in Sim Agro, subject to closing conditions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1606 Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-003209), on May 15, 2026, and is solely responsible for the information contained therein.

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