Stock Symbol CBDW -
Introduction & Press Release (Sept - 26 -
2023)
Investors should now pay
close attention to Stock Symbol CBDW as the company has
successfully pivoted from being a CBD distributor to a chatbot
developer with a strong emphasis on addressing customer service
challenges within the rapidly expanding CBD industry. This
strategic shift aligns CBDW with the growing demand for reliable
information and guidance in the CBD sector, where customers seek
trust and confidence when making CBD purchases. With the launch of
ChatCBD, an AI-driven merchandising chatbot, CBDW is uniquely
positioned to cater to these needs, offering customers personalized
assistance and accurate, real-time responses.
(Full
Release)
1606 Corp. Partners with Cool Blue To Launch ChatCBD, a New AI
Customer Experience
Seattle WA -- September 26, 2023
-- InvestorsHub NewsWire -- 1606 Corp is excited to announce an
upcoming launch of ChatCBD, the company's revolutionary AI chatbot
designed to transform customer experiences. This conversational
e-commerce tool will initially be installed in partnership with
Cool Blue Distribution. Under this agreement, 1606 will install its
proprietary AI merchandizing ChatBot on Coll Blue's website.
ChatCBD has been specifically designed to answer customer questions
about CBD and make product recommendations from retail brands
currently being offered by Cool Blue Distribution which is a top
CBD distributor in the US. (For a full list of retailers see
www.CoolBlueDist.com).
This merchandizing AI provides
1606 Corp with new channels of revenue from licensing, product
sales, payment processing and more. Conversational e-commerce
technology personified by 1606's new merchandising Chatbot opens
the door for the company to enter bigger markets such as
nutraceuticals, cosmetics, and supplements to name a
few.
One of the largest problems in
online sales of CBD products, as expressed by real CBD
users,
is that as consumers they are
inundated with hundreds of product choices at a time resulting in a
lack of understanding due to the unregulated status of the CBD
industry. More often than not, this results in cart abandonment,
lost sales, and a lack of trust in the industry. CBD customers are
comfortable discussing their CBD uses, dosages, and product type
with a knowledgeable CBD expert more typically found in a dedicated
CBD retail location (CBD Shops). ChatCBD doubles as an in-store
resource for CBD retailers allowing employees to advise and educate
at a scale previously unavailable to the industry. When it comes to
CBD, online sales remain the dominant distribution channel,
accounting for 66% of overall sales according to American
Marijuana.Org, and 1606, in partnership with Cool Blue, will aim to
blend the best brick-and-mortar CBD customer service and online
product selection with the use of the new AI ChatBot,
ChatCBD.
Key Features of
ChatCBD:
-
Natural Language Processing (NLP): ChatCBD leverages
state-of-the-art NLP technology, enabling her to understand and
respond to customer queries with human-like precision and
comprehension.
-
24/7 Availability: ChatCBD is always available to assist customers,
ensuring round-the-clock support and resolving issues promptly,
even outside of regular business hours.
-
Seamless Integration: ChatCBD seamlessly integrates with existing
customer support systems, allowing businesses to enhance their
services without disrupting their current workflows.
-
Personalized Engagement: ChatCBD can personalize interactions by
analyzing customer data, preferences, and behavior patterns,
delivering tailored solutions and recommendations.
-
Multi-Platform Compatibility: ChatCBD can be deployed across
various digital platforms, including websites, social media, and
messaging apps, providing a consistent and accessible customer
experience.
-
Scalability: ChatCBD capabilities can scale with your business,
adapting to increased customer demands without compromising on
performance.
-
Data Analytics: ChatCBD collects and analyzes customer interaction
data to provide valuable insights, enabling businesses to make
informed decisions and optimize their services.
The CEO of 1606 Corp, Greg
Lambrecht, expressed enthusiasm about the launch, stating, "ChatCBD
marks a significant milestone in our commitment to empowering
businesses with AI technology. We believe that ChatCBD advanced AI
capabilities will revolutionize how companies engage with their
customers, fostering loyalty and trust in an increasingly
competitive marketplace."
Early adopters of ChatCBD will
experience substantial improvements in customer satisfaction,
reduced response times, and increased efficiency in their customer
service operations. As CBD businesses continue to adapt to evolving
consumer expectations, ChatCBD stands as a powerful tool for
delivering exceptional customer experiences.
To learn more about ChatCBD and
how 1606 Corp can help your business leverage this groundbreaking
AI chatbot, please visit www.CBDW.ai
or contact our head of business
development, Austen Lambrecht at austen@1606corp.com.
Why ChatCBD and why
now?
A Forbes Health
Survey of 2,000 U.S. adults conducted by OnePoll found 60% of
respondents have tried a CBD product and believe it offers some
medicinal benefits. According to a 2018 cross-sectional survey of
over 2,400 people published in Cannabis and
Cannabinoid Research, almost 62% of CBD users
report using the cannabinoid to treat a medical condition
specifically. The top three medical conditions treated with CBD
include pain, anxiety and depression according to
Forbes.
About
CBDW
At 1606 Corp. We are not just a
CBD company anymore; we are 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. Established as an acquisition-based company,
CBDW has developed a vision to redefine the CBD industry through
both acquisitions and technology development. 1606 Corp. stands at
the intersection of cutting-edge technology and visionary
collaborations to help you, the CBD consumer. Our mission is clear
- to revolutionize the CBD industry by seamlessly integrating
technology into the core operations of all CBD companies in the
United States. We strive to empower businesses, both large and
small, with enterprise solutions that drive efficiency, foster
online sales growth, and open doors to unprecedented education and
usage by CBD customers.
Industry
Information
Rates of cannabidiol (CBD) usage
in the United States are projected to surge in 2023, according to
Stirling CBD. With recent studies suggesting as high as a 10%
year-over-year (YoY) increase in usage, Stirling CBD predicts that
2023 will be a pivotal year for the industry as the widespread
adoption of CBD-infused products is set to take place across the
health and wellness, beauty, and food and beverage industries. The
Global CBD industry is projected to hit $20 billion in sales by
2024 according to Business News Daily.
Forward-Looking
Statements
This press release contains
statements that constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements appear in a number of places in this release and
include all statements that are not statements of historical fact
regarding the intent, belief, or current expectations of 1606 Corp
(the "Company"), its directors, or its officers with respect to,
among other things: (i) financing plans; (ii) trends affecting its
financial condition or results of operations; (iii) growth strategy
and operating strategy. The words "may," "would," "will," "expect,"
"estimate," "can," "believe," "potential" and similar expressions
and variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's
ability to control, and actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. You should not place undue reliance on
forward-looking statements since they involve known and unknown
risks, uncertainties, and other factors, which are, in some cases,
beyond the Company's control and which could, and likely will
materially affect actual results, levels of activity, performance,
or achievements. The Company assumes no obligation to publicly
update or revise these forward-looking statements for any reason,
or to update the reasons actual results could differ materially
from those anticipated in these forward-looking statements, even if
new information becomes available in the future. Important factors
that could cause actual results to differ materially from the
company's expectations include but are not limited to, those
factors that are disclosed under the heading "Risk Factors" and
elsewhere in documents filed by the company from time to time with
the United States Securities and Exchange Commission and other
regulatory authorities.
For Investor
Information:
Derek McCarthy -
Communications
www.CBDW.ai
(Contact Us)
Business Development:
Austen Lambrecht
Austen@1606corp.com
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