1606 Corp. began by offering a tobacco and nicotine free smoking alternative called 1606 Original Hemp and later sold its own brands TRUZ and Singlez before discontinuing that line. In 2023 the company shifted to artificial intelligence chatbots for the CBD sector, launching chatCBDW to answer consumer questions and recommend products, and in 2024 introduced IRChat to help public companies display SEC filings, press releases and other investor information on their websites.…
1606 Corp. began by offering a tobacco and nicotine free smoking alternative called 1606 Original Hemp and later sold its own brands TRUZ and Singlez before discontinuing that line. In 2023 the company shifted to artificial intelligence chatbots for the CBD sector, launching chatCBDW to answer consumer questions and recommend products, and in 2024 introduced IRChat to help public companies display SEC filings, press releases and other investor information on their websites. More recently 1606 Corp. has pursued the acquisition of a 55 megawatt power generation facility and associated 50,000 square foot climate controlled warehouse in Texas to serve as a behind the meter power source for data center and AI related activities. The firm is headquartered in Phoenix, Arizona.
Revenue comes mainly from a monthly licensing fee for its chatbot products, with sales driven through the company website, online advertising, email outreach and independent sales organizations that bundle the chatbot with complementary services such as website design and payment processing. While the Texas power asset is not yet operational, the company anticipates future income from electricity sales and data center hosting once the facility is brought online and contracted operators are in place. The company also intends to explore revenue streams from hosting third party AI workloads on the planned data center once the power asset is operational.
1606 Corp. positions itself as a niche supplier of AI powered chatbots for the CBD and public company sectors, competing against general purpose AI chatbot vendors and specialized CBD technology firms. Its competitive strengths stem from a team with a combined 115 years of technology experience, a focus on industry specific solutions for CBD and public company applications, and ownership of proprietary intellectual property that protects its chatbot algorithms and data handling methods. The global AI market was valued at $428 billion in 2022 and is forecast to reach $2.25 trillion by 2030, reflecting a compound annual growth rate between 33.2% and 38.1%, while the global CBD market was valued at $6.4 billion in 2022 and is expected to grow at a 16.2% compound annual growth rate through 2030.
The company’s customers include CBD brands and retailers that wish to deploy AI chatbots on their ecommerce sites to answer shopper questions and suggest products, as well as public companies that use IRChat to showcase SEC filings, press releases and general corporate information to investors. These customers are reached through independent sales organizations such as CBD distributors, website developers and payment processing providers that offer the chatbot as part of a broader service package.