1606 Corp. (OTC:CBDW) announced that it will be releasing the second version of its artificial intelligence (AI)-powered chatbot ChatCBDW in the spring of 2024.
The first version of the chatbot focused on the CBD sector was released in October.
In its annual letter to shareholders discussing its growth strategies for the new year, the company said it would be expanding ChatCBDW to two additional verticals before the summer of 2024 which are expected to be cannabis and solar.
Looking back on 2023, 1606 noted that the year was full of “spectacular milestones.”
“We set off on a path to reinvent the company while remaining in the CBD industry and pivoted to developing the revolutionary technology ChatCBDW which dazzled the CBD industry,” the company wrote in the letter.
“With the launch of ChatCBDW, a pioneering AI-driven online merchandising tool tailored for the CBD and wellness sector the company effectively went from being an acquisition-based company to a technology start-up and the only AI chatbot developer on the OTC Markets.”
The company also highlighted its partnership with Cool Blue Distribution for the launch of ChatCBDW and the positive response to its chatbot’s BETA program.
“The ChatCBDW BETA Program received an overwhelming embrace from CBD retailers and the ten allotted spots for merchants filled up within the first week of outreach signaling robust market interest and underscoring the potential of this avant-garde technology,” 1606 wrote.
1606 stands at the forefront of technological innovation, particularly in the online CBD industry.