1606 Corp. Signs Term Sheet with Sim Agro Inc. to Acquire Power Assets for Supplying Captive Energy to Data Centers and AI

PHOENIX, ARIZONA / ACCESS Newswire / November 18, 2025 / 1606 Corp. (OTCID:CBDW) ("1606" or the "Company") a leading AI company, is thrilled to announce that it has signed an Acquisition Term Sheet to be acquired by Sim Agro Inc. ("Sim Agro"), a leading privately held power and sustainable energy company with extensive experience in energy generation and infrastructure development for various sectors including manufacturing and datacenters. Sim Agro has a first right of refusal contract to acquire a data center capable warehouse and power plant. After the acquisition, Sim Agro will become publicly-traded under the ticker "CBDW."

Foto: Accesswire

Plant to be acquired

"This is an exciting step for 1606 Corp.," said Austen Lambrecht, CEO of 1606 Corp. "Sim Agro Inc.'s extensive experience in developing and operating power plants provides a strong foundation to support the next generation of data centers with reliable, efficient, and sustainable energy. Power is the lifeblood of data centers, and as demand for cloud services, AI, and digital infrastructure grows exponentially, the need for high-quality, uninterrupted energy has never been more critical. This acquisition positions 1606 Corp. to participate in a rapidly growing sector, and we plan to pursue an up-listing to a senior exchange once the transaction is completed.

Lambrecht continued, "Under the Term Sheet, Sim Agro Inc. intends to acquire a controlling interest in 1606 Corp., creating a public platform for the company's strategic expansion into captive power generation for AI and new frontier digital infrastructure as well as setup data centers for these purposes. We believe the transaction positions 1606 Corp. to play a key role in the rapidly expanding sector of data center and AI by providing reliable, scalable, captive energy and data center infrastructure solutions critical to powering the global digital economy."

Sim Agro Inc., led by President Dr. Karthik Raghavan PhD, brings along with a global team based in the U.S., India, South Korea, and the Middle East, extensive expertise in developing, managing and operating power-generation assets throughout the world. The company also has a first right of refusal contract to acquire a data center capable warehouse and power plant along with 100+ acres of additional land with pending funding, further strengthening its capacity for exponential growth.