1606 Corp
OTC:CBDW
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| US |
1
|
1606 Corp
OTC:CBDW
|
330k USD |
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|
|
| US |
|
Philip Morris International Inc
NYSE:PM
|
289.7B USD |
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|
|
| UK |
|
British American Tobacco PLC
LSE:BATS
|
94.8B GBP |
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|
|
| US |
|
Altria Group Inc
NYSE:MO
|
110.2B USD |
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|
|
| JP |
|
Japan Tobacco Inc
TSE:2914
|
10.9T JPY |
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|
|
| IN |
|
ITC Ltd
NSE:ITC
|
4T INR |
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|
|
| UK |
|
Imperial Brands PLC
LSE:IMB
|
26.1B GBP |
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|
|
| SE |
S
|
Swedish Match AB
F:SWMC
|
15.2B EUR |
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|
|
| KR |
|
KT&G Corp
KRX:033780
|
18.5T KRW |
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|
|
| CN |
|
Smoore International Holdings Ltd
HKEX:6969
|
80.6B HKD |
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|
|
| ID |
|
Hanjaya Mandala Sampoerna Tbk PT
IDX:HMSP
|
97.1T IDR |
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|
Market Distribution
| Min | -24 813% |
| 30th Percentile | 28.9% |
| Median | 43% |
| 70th Percentile | 60.5% |
| Max | 10 905 714.3% |
Other Profitability Ratios
1606 Corp
Glance View
1606 Corp. manufactures tobacco products. The company is headquartered in Phoenix, Arizona and currently employs 2 full-time employees. The company went IPO on 2023-01-12. The company is engaged in providing smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco, and promote health benefits, such as pain management, reduced anxiety and enhanced wakefulness. Its hemp cigarettes are manufactured with hemp flowers and are nicotine-free, tobacco-free and organically grown free of pesticides and other contaminants. Its customers comprises of distributors and retail customers, including convenience stores, smoke shops and individual purchasers. The company sells its products directly online through its website, www.1606hemp.com, and ship them directly to anywhere within the United States. Its products are also sold in over 300 retail stores. The company distributes and markets industrial grade smokable filtered hemp. The company offers pre-rolled hemp cigarettes in the traditional 20-pack casing and single stick offered in a plastic casing.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for 1606 Corp is 50.7%, which is above its 3-year median of 46.3%.
Over the last 7 months, 1606 Corp’s Gross Margin has increased from 37.5% to 50.7%. During this period, it reached a low of 37.5% on Dec 1, 2023 and a high of 50.7% on Jul 30, 2024.
