1606 Corp. (OTCPK:CBDW) entered into a letter of intent to acquire 51% stake in Brio Nutrition for $0.6 million on September 30, 2022. Brio Nutrition's has agreed to an LOI with 1606 Corp and filed for an audit on September 30, 2022, which is still pending. Upon completion of the audit, a combination of stock and cash, totaling $600,000, will be transferred, and the transaction will be complete. As of December 31, 2021, Brio Nutrition reported Revenue of $763,079. The acquisitions intend to close this year.

1606 Corp. (OTCPK:CBDW) completed the acquisition of a 51% stake in Brio Nutrition on March 6, 2023.