1606 Corp Secures $20,000,000 In Financing For The Purpose Of Acquiring Cbd Businesses
Amount Raised
$20 Million
Round Type
Funding Round
PhoenixOtherBiotechnologyAgriculture and FarmingFashionCannabisInvestors
Description
1606 Corp (OTC: CBDW), an acquisition-based CBD + Hemp retail product distribution company, announces that 1606 Corporation has entered into an Equity Financing Agreement and Registration Rights with GHS Investments LLC. Under the terms of the Equity Financing Agreement, GHS agreed to provide 1606 Corp with, up to $20,000,000, to be used for acquisition financing after the registration of an S-1 filed with the U.S. Securities and Exchange Commission.
Quick answer
1606 Corp raised $20 Million in a Funding Round round, dated February 16, 2023. Investors: Ghs and GHS Investments LLC. 1606 Corp is based in Phoenix, Arizona, United States.
- How much did 1606 Corp raise?
- 1606 Corp raised $20 Million in a Funding Round round on February 16, 2023.
- Who invested in 1606 Corp?
- Ghs and GHS Investments LLC are named as investors in this round.
- What does 1606 Corp do?
- 1606 Corp. is a company incorporated in Nevada, primarily engaged in the production and distribution of cannabis products.
- Where is 1606 Corp based and how big is it?
- 1606 Corp is based in Phoenix, Arizona, United States.
- Who are the decision-makers at 1606 Corp?
- Fundz holds 1 contact at 1606 Corp, including the Founder & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Agriculture and Farming and Fashion around the same time
Companies in the same sectors as 1606 Corp that raised within 45 days of this round, from Fundz verified event records.
- Klutch Cannabis raised $26M on March 31, 2023.
- Greentank Technologies raised an undisclosed amount (Series B) on March 31, 2023.
- Rhizocore Technologies Ltd raised $4.3M (Seed) on March 28, 2023.
- PMGC Holdings Inc. raised $294K (Seed) on March 14, 2023.
- Pineapple Express, Inc. raised $250K on March 8, 2023.
- Chromologics raised an undisclosed amount (Seed) on March 6, 2023.
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