1606 Corp. (OTC:CBDW) announced that its artificial intelligence (AI)-driven online merchandising technology designed for the CBD and wellness industries ChatCBDW is now live.
The tool, a proprietary chatbot fully integrated with OpenAI’s ChatGPT language model, offers CBD and wellness retailers the ability to increase their sales by providing users with product recommendations and tracking user behavior for inventory management.
The company said merchants interested in trying out the platform in a beta test can register to do so on its website.
1606's partner Cool Blue Distribution is now a North American licensed reseller of ChatCBDW and is set to engage its network of more than 800 CBD retailers immediately, the company added.
The company will provide onboarding process materials and merchant presentations to assist Cool Blue in its marketing efforts, in turn driving sales for 1606.
A direct-to-merchant marketing campaign for ChatCBDW is also set to commence by mid-November, 2023, with the goal of generating “notable” revenue by January 1, 2024.
"Having a viable AI merchandising product puts us into a new revenue-generating mode for the company,” 1606 CEO Greg Lambrecht said in a statement.
“We will, of course, continue developing new features but the company is now focused on what's next. Now that merchants are actively testing ChatCBDW, the company will begin exploring additional verticals such as probiotics, supplements, vitamins, and nutraceuticals."
1606 is a dynamic think tank with innovative technology solutions that are aimed at solving the top online customer service problems in the CBD industry and all industries with online customers.
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