1606 Corp. Advances Project as MDM and Company Pursues Data Center End Users, Plant Recommissioning and Strategic Sale Opportunities
1606 Corp. (OTC: CBDW) is advancing its acquisition of a 132-acre Texas biomass power facility by engaging MDM Group to market the 55 MW site to AI and data center operators, while simultaneously planning plant recommissioning with a power-generation services provider. The acquisition closing is targeted for October 31, 2026, though financing has not yet been secured and the closing date has been extended multiple times. The company has paid substantial non-refundable amounts that will be forfeited if the acquisition is not completed.