1606 Corp announced that it has completed a distribution deal with Nasdaq-listed SurgePays, Inc, in which SurgePays has agreed to distribute 1606 Corp's Hemp smokable products to its thousands of registered retail store customers.
The acquisition-based CBD company said SurgePays has already taken possession of 1,000 six-pack displays and is currently distributing them to registered retail store customers, along with 1606's CBD Singlz brand.
“With the growing demand for tobacco alternatives, this distribution agreement comes at just the right time for the company,” 1606 Corp CEO Greg Lambrecht said in a statement.
“We aim to add shareholder value through increased revenue and with demand mounting for our products and products like ours, this deal puts us in a great position to capture market share,” Lambrecht added.
1606's six-pack display is a ready- to-go, point-of-sale display that holds six-packs of the traditional 20 pack of hemp smokables, according to the company.
1606 also noted that with over 50 individual products, it will continue to pursue additional distribution partnerships and has several more deals in the diligence phase of its pipeline.
A spin-off from SinglePoint, 1606 is an acquisition-based CBD holding company with tobacco alternative products.
Contact Sean at sean@proactiveinvestors.com