Feb. 23 at 2:14 PM
$CBDW $CBDW -1606 Corp. signs term sheet for
$11.7M Texas power deal; 606 Corp (OTC:CBDW) entered a non-binding term sheet to acquire a 55 MW power generation facility and a 50,000 sq ft data-center ready, climate-controlled warehouse on ~132 acres in Lufkin, Texas.
Total consideration is approximately
$11.67 million (
$7.5M cash plus assumption of ~
$4.17M debt); the company will deposit
$500,000 earnest money and expects to close on or before March 11, 2026, subject to definitive documentation and a 15-day inspection period. https://www.stocktitan.net/news/CBDW/1606-corp-otc-cbdw-enters-into-term-sheet-to-acquire-texas-55-mw-expfn70vjy0i.html#:~:text=1606%20Corp%20(OTC%3ACBDW)%20entered%20a,~132%20acres%20in%20Lufkin%2C%20Texas.