1606 Corp Announces Pivotal Distribution Deal With a Premier CBD Distributor
1606 Corp (OTC: CBDW) has announced a new product distribution agreement with Cool Blue Distribution, effective April 1, 2023. This partnership aims to significantly boost CBDW's revenue, with estimates suggesting a potential doubling or tripling. Shannon Shell, CEO of Brio Nutrition, noted that this collaboration aligns with the company's strategic growth goals. Brio Nutrition offers a range of CBD products aimed at improving health and wellness. With rising CBD usage projected for 2023, this deal positions CBDW to capitalize on the growing market for CBD-infused products.
- New distribution agreement with Cool Blue Distribution expected to significantly boost revenues.
- Potential to double or triple current revenue, reflecting strong growth outlook.
- None.
PHOENIX, March 28, 2023 /PRNewswire/ -- 1606 Corp (OTC: CBDW), an acquisition-based CBD company, announces the company has formally entered into a product distribution agreement with one of the industry's premier CBD distribution companies, Cool Blue Distribution (www.coolbluedist.com). Effective as of April 1st, 2023, the new distributor will represent the 1606 line of products under the brand of Brio Nutrition on a compensated and incentivized basis.
"This monumental partnership provides CBDW with the ability to double, if not triple, our current revenue which is a conservative estimate. We're very proud to be working with one of the country's largest CBD distributors which has been our goal since day one. As a result of the efforts by the 1606 team, our growth strategy is quickly becoming a reality". Said Shannon Shell, CEO of Brio Nutrition, a subsidiary of 1606 Corp.
About Brio Nutrition;
Brio Nutrition is a premium CBD product developer, supplier, and wellness company providing the highest quality hemp derivatives and formulations for people and pets. Brio Nutrition develops and supplies CBD gummies, topicals, capsules, topicals, and oils to assist in treating pain, anxiety, sleep performance, and depression for all those in need. The products developed and distributed by Brio provide holistic solutions designed to ensure a higher quality of life for all living beings. Learn more by visiting Brio Nutrition.
About 1606 Corp;
1606 Corp (OTC | CBDW) is an acquisition-based CBD-focused holding company with over 45 individual retail products currently being sold in the US. 1606 Corp is focused on strategically acquiring established CBD brands in order to capture sufficient revenue to qualify for a listing on a national stock exchange within the next 24 months.
Industry Information;
Rates of cannabidiol (CBD) usage in the United States are projected to surge in 2023, according to Stirling CBD. With recent studies suggesting as high as a
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of 1606 Corp (the "Company"), its directors, or its officers concerning, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the Company's control and which could, and likely will materially affect actual results, levels of activity, performance, or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
Company Websites;
www.1606hemp.com
www.CBD.Inc
www.brionutrition.com
https://www.coolbluedist.com/product-category/whats-next/brio/
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SOURCE 1606 Corp
FAQ
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