Arizona Company 1606 Raises $20 Million for Industrial Hemp and CBD Acquisition

Phoenix-based industrial hemp and CBD retail and distribution company 1606 Corp. has raised $20 million through an equity financing agreement with GHS Investments. "This $20 million financing will enable us to acquire profitable CBD companies and we will be a great investment opportunity for global investors," said Greg Lambrecht, CEO and chairman of 1606, in a statement. ghs Investments is offering 80% of the market price for 80% of the market price of 1606. 1606 stock is listed from the OTC market (trading as CBDW) to a larger exchange, such as NASDAQ.

Information source: new.qq.com/omn/author/8713560