Mergers & Acquisitions ·
On September 16, 2026, 1606 Corp. announced it entered into a non-binding Letter of Intent with Prime Tex Group, USA…
CBDW1606 Corp.
On September 16, 2026, 1606 Corp. announced it entered into a non-binding Letter of Intent with Prime Tex Group, USA regarding Prime Tex's preliminary interest in evaluating a potential acquisition or assignment of the Company’s contractual rights and interests relating to an approximately 132-acre biomass power and data center development property located in Lufkin, Texas. The LOI is non-exclusive, does not create any legally binding obligation to consummate a transaction, and expires on December 31, 2026 unless extended. Prime Tex intends to conduct due diligence on the Project, which includes an existing biomass power generation facility and related infrastructure that 1606 has been evaluating for redevelopment in connection with data center applications. The Company remains free to continue evaluating other strategic alternatives involving the Project while discussions proceed. 1606 Corp. operates in the energy infrastructure sector, focusing on opportunities at the intersection of energy infrastructure, artificial intelligence, and data center development.