1606 Corp. (OTC:CBDW) said its board and shareholders have approved its name change to CBDW AI, a name it believes aligns more closely with its strategy of identifying itself as a technology company to access more meaningful revenue channels in the CBD space.
While the company said it would continue to operate within the CBD sector, management plans to move the company towards a more exclusive focus on enterprise technology with an emphasis on artificial intelligence (AI) solutions.
The company plans to leverage its enterprise AI technology to address and resolve customer experience challenges within the CBD industry, it said.
The company said it is launching a new website that will serve as a hub for industry professionals and enthusiasts, providing valuable insights, resources, and updates on its latest innovations in AI solutions for the CBD sector.
1606 bills itself as not just a CBD company but also a dynamic think tank with innovative technology solutions aimed at solving the top online customer service problems in the CBD industry.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie