1606 Corp. (OTC:CBDW), a company standing at the intersection of cutting-edge technology and collaboration, has hit a new milestone in its bid to enhance customer experience in the multibillion-dollar can-na-bis industry. The dynamic think tank focused on innovative technology solutions to solve online customer service problems has inked a strategic partnership with Cool Blue Distribution, a top distributor in the US.
AI ChatCBD Chatbot
The strategic partnership comes as the company plans to launch ChatCBD, a revolutionary artificial intelligence-powered chatbot designed to transform customer experiences. Plans are underway to install the conversational e-commerce tool on Cool Blue's website to enhance product recommendations for retail brands being served on the website.
The chatbot seeks to solve the long-running problems in online sales whereby customers always need clarification about which products to purchase. The AI-powered tool leverages natural language processing, therefore being able to understand and respond to customer queries with human-like precision. The tool also integrates seamlessly with customer support systems, therefore allowing businesses to enhance their services without disrupting current workflows.
The chatbot came into being at 1606 Corp. in a strategic collaboration with AR XTLabs, a leading backend development firm. The two collaborated to develop an advanced AI natural language processing chatbot tailored for the industry.
Empowering businesses with AI
The chatbot was designed to elevate customer interactions and deliver an educational resource. The tool is to double up as an in-store resource for retailers, therefore allowing users to advise and educate clients at scale. Nevertheless, its primary goal is to facilitate and enhance new customer interactions. 1606 Corp. intends to license the technology within the United States to CBD brands and retailers.
With hundreds of products on offer on Cool Blue Websites, the chatbot will make it easy for customers to settle on the ideal product based on their underlying needs. As chatbot enhances product recommendations on various platforms, it should unlock new revenue opportunities for 1606 Corp. Additionally, the artificial intelligence-powered chatbot opens the door for 1606 Corp. to enter into new and bigger markets, from nutraceuticals to cosmetics and supplements.
The unveiling of the new AI-powered chatbot follows the launch of a new website on September 12, affirming the company's commitment to AI technology and customer-centric solutions. The new website is dedicated to offering customers and investors valuable information on the proprietary AI customer experience.
The unveiling of the chatbot should enhance 1606 Corp.'s bid to target more customers with its Brio Nutrition product line. The rapidly growing health and wellness brand has been eliciting strong demand, prompting the company to pursue a distribution deal. The distribution deal with Cool Blue Distribution will see the brand made available to an extensive network of over 800 stores.
In May, the company ordered $150,000 in new inventory to accommodate the high demand in the market. The products have been well received, resulting in a significant increase in sales due to their high-quality, innovative formulations.
"The partnership with Cool Blue has been great, which gives us access to their network, which is why we have to place a new inventory order. Our margins are great, so this is a big step for Brio and for CBDW," said Greg Lambrecht, CEO of 1606 Corp.
With online sales remaining the dominant distribution channel, 1606 Corp. aims to blend the best brick-and-mortar customer service with online production to enhance customer service as part of its partnership with Cool Blue.
Bottom Line
1606 Corp. is on the right trajectory in its bid to redefine the multi-billion-dollar industry by seamlessly integrating technology into core operations for all companies. The unveiling of AI ChatCBD positions the company to solve online customer service problems when it comes to buying products. By licensing the technology, the company stands to generate significant value. Likewise, the technology should make it easy for the company to make its Brio Nutrition brand available to the mass market by influencing customers' choices in the sector.
Other notable stocks to Curaleaf Holdings (CURLF), Green Thumb Industries (GTBIF), Verano Holdings (VRNOF), Trulieve (TCNNF), Cresco Labs (CRLBF), Glass House Brands (GLASF), Columbia Care (CCHWF), WM Technology (MAPS).
Source: https://finance.yahoo.com/news/1606-announces-launch-chatcbd-revolutionary-174629316.html
Disclaimer: FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Please ensure to fully read and comprehend our disclaimer found at https://investorbrandmedia.com/disclaimer/. InvestorBrandMedia.com has been compensated one thousand dollars by a 3rd party Bullzeyemedia LLC for advertisement and content distribution services on CBDW, from 10/01/2023 to 10/04/2023. We own zero shares of CBDW. InvestorBrandMedia.com is neither an investment advisor nor a registered broker. No current owner, employee, or independent contractor of InvestorBrandMedia.com is registered as a securities broker-dealer, broker, investment advisor, or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. This article may contain forward-looking statements as defined under Section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. These statements, often incorporating terms like "believes," "anticipates," "estimates," "expects," "projects," "intends," or similar expressions about future performance or conduct, are based on present expectations, estimates, and projections, and are not historical facts. They carry various risks and uncertainties that may result in significant deviation from the anticipated results or events. Past performance does not guarantee future results.InvestorBrandMedia.com does not commit to updating forward-looking statements based on new information or future events. Readers are encouraged to review all public SEC filings made by the profiled companies at https://www.sec.gov/edgar/searchedgar/companysearch. It is always important to conduct thorough due diligence and exercise caution in trading.InvestorBrandMedia.com is not managed by a licensed broker, a dealer, or a registered investment adviser. The content here is purely informational and should not be taken as investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor regarding forward-looking statements. Any statement that projects, foresees, expects, anticipates, estimates, believes, or understands certain actions to possibly occur are not historical facts and may be forward-looking statements. These statements are based on expectations, estimates, and projections that could cause actual results to differ greatly from those anticipated. Investing in micro-cap and growth securities is speculative and entails a high degree of risk, potentially leading to a total or substantial loss of investment. Please note that no content published here constitutes a recommendation to buy or sell a security. It is solely informational, and you should not construe it as legal, tax, investment, financial, or other advice. No content in this article constitutes an offer or solicitation by InvestorBrandMedia.com or any third-party service provider to buy or sell securities or other financial instruments. The content in this article does not address the circumstances of any specific individual or entity and does not constitute professional and/or financial advice. InvestorBrandMedia.com is not a fiduciary by virtue of any person's use of or access to this content.
Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: investorbrandmedia@gmail.com
Phone: (954) 593-5597
Country: United States
Website: https://investorbrandmedia.com/
