Seattle, WA | January 30th 2024
SEATTLE, Jan. 30, 2024 /PRNewswire/ — 1606 Corp (OTC Pink: CBDW) (the “Company”), an industry leader in the development of AI-powered merchandising chatbots, is pleased to announce its Chairman and CEO, Greg Lambrecht has issued a letter to shareholders.
Dear Shareholders,
As we embark on another pioneering year at CBDW.ai, we are thrilled to share the remarkable milestones and exponential growth achieved in the past year. Our journey, underscored by the successful implementation and market reception of ChatCBDW, our AI-driven merchandising chatbot, heralds a new era of innovation and customer engagement in the CBD industry.
Unprecedented Growth and Market Acceptance
The overwhelming response to the ChatCBDW BETA program, and our exceptional December 2023 marketing program results signifying a pivotal moment in our history.
These achievements in signing merchants and onboarding new customers underscores the high demand and scalability of our AI solutions in the competitive digital landscape.
Our participation in the Consumer Electronics Show (CES) in Las Vegas and the formation of a dedicated sales team for ChatCBDW have further cemented our position as a leader in AI-driven conversational merchandising. We are not just revolutionizing the CBD industry; we are redefining customer engagement across all online platforms.
Strategic Partnerships and Technological Advancements
The partnership with Cool Blue Distribution and the integration of a second large Independent Sales Organization (ISO), CannaSite is a testament to our commitment to expanding our reach and enhancing our technological capabilities. The global artificial intelligence market’s remarkable growth, valued at $428 billion in 2022 and projected to reach $2.25 trillion by 2030, places us at the forefront of this rapidly evolving sector.
Looking Ahead: A Vision for 2024 and Beyond
As we progress into 2024, our focus remains steadfast on innovation, quality, and customer satisfaction as we plan to release V2 of ChatCBDW in early Summer 2024.
We anticipate a profitable second quarter, and we’re poised for rapid expansion thanks to our ISO expansion model, and thanks to our visionary approach and strategic initiatives we’re signing new ISO’s monthly. Our commitment to transforming the CBD industry through cutting-edge AI-centric solutions is stronger than ever and that’s why we’ve partnered with Cool Blue Distribution, one of the country’s largest suppliers of CBD and Cannasite, a top rated website development company also focused on CBD merchants. .
We invite you to join us on this exhilarating journey as we continue to set new benchmarks for success and customer satisfaction and we thank all of our new investors and longtime shareholders for their recent support of our mission to change online shopping experiences for all merchants in the US with our proprietary AI driven chatbot engines.
For more information on ChatCBDW, investor updates, and our future endeavors, please visit our website www.CBDW.ai.
Thank you for your continued support and trust in 1606 Corp, Stock Symbol CBDW. Together, we are shaping the future of e-commerce and AI technology, so thank you!
Sincerely,
Greg Lambrecht
CEO and Chairman
About 1606 Corp.
1606 Corp. stands at the forefront of technological innovation, particularly in the online CBD industry. Our mission is to revolutionize customer service, addressing the most significant challenges faced by consumers in the digital marketplace. We are dedicated to transforming the CBD industry through cutting-edge AI centric solutions, ensuring a seamless and efficient customer experience.
As a visionary enterprise, 1606 Corp. equips businesses with the advanced tools they need to excel in the competitive digital landscape. Our commitment to innovation and quality positions us as a leader in the field, driving the industry forward and setting new benchmarks for success and customer satisfaction.
Industry Information
The global artificial intelligence market has seen remarkable growth, valued at $428 billion in 2022 and projected to reach $2.25 trillion by 2030. With a compound annual growth rate (CAGR) ranging from 33.2% to 38.1%, AI’s global impact is undeniable, with as many as 97 million individuals expected to work in the AI sector by 2025, according to fortunebusinessinsights.com
Forward-Looking Statements
This press release includes statements that may be deemed to be “forward-looking statements” under federal securities laws, and we intend that such forward-looking statements be subject to the safe-harbor created thereby. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as “should”, “may,” “intends,” “anticipates,” “believes,” “estimates,” “projects,” “forecasts,” “expects,” “plans,” and “proposes.” Specific forward-looking statements in this press release include, among others, statements regarding the expected trading of our shares on The Nasdaq Capital Market, the expected closing of the offering, and the intended use of the net proceeds of the offering. Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially and adversely from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in the prospectus included in the Registration Statement and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and 1606 Corp. does not undertake any duty to update any forward-looking statements except as may be required by law. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
SOURCE 1606 Corp