1606 CORP. Overview
Industry: Tobacco
Sector: Consumer Defensive
1606 Corp., an early-stage sales marketing company, manufactures and markets smokable-hemp products in the United States. It offers nicotine and tobacco-free alternative to cigarettes and vaping products using industrial grade hemp. The company sells and distributes its products to distributors, convenience stores, smoke shops, and individual purchasers. It offers its products online through 1606hemp.com. 1606 Corp. was founded in in 2019 and is headquartered in Phoenix, Arizona.
1606 CORP. is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.
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