Coinpaper
2025-09-21 13:20:14

Cannabis Producer Flora Growth Secures $401M to Expand Into Blockchain and AI

Key Highlights Flora Growth rebrands to ZeroStack after securing $401M New treasury strategy centers on 0G blockchain token Backed by DeFi firms, Solana, and major crypto exchanges A Bold Strategy Centered on Blockchain and AI Flora Growth, a cannabis and derivatives producer, has announced a sweeping transformation that combines a $401 million funding deal with a complete corporate rebrand. The company will soon operate under the name ZeroStack while keeping its Nasdaq ticker FLGC. At the core of the move is a new treasury strategy tied to 0G, the native token of the Zero Gravity blockchain. Zero Gravity is a layer-one network designed for decentralized AI applications and built to be compatible with the Ethereum Virtual Machine (EVM). According to the company’s statement, 0G Labs, the network’s developer, recently trained a model with 107 billion parameters using distributed clusters connected through limited-bandwidth internet. This highlights the blockchain’s modular architecture for running AI solutions directly on-chain. Funding Details and Market Impact As part of its strategic shift, Flora Growth revealed details of a $401 million private placement (PIPE). The deal attracted participants including DeFi Development Corp., Hexstone Capital, Carlsberg SE Asia PTE Ltd., and other major backers. The breakdown of the funding includes $35 million in cash and $366 million in crypto assets, primarily denominated in 0G at a price of $3 per token. The transaction is scheduled to close on September 26, 2025, with proceeds earmarked to expand the company’s portfolio. Joseph Onorati, CEO of DeFi Development Corp., welcomed the partnership: “We are thrilled to partner with FLGC on this fundraising effort and look forward to developing a close partnership between 0G and Solana. DFDV is excited to support Solana’s AI efforts.” Alongside its 0G strategy, the company confirmed that a portion of its reserves will be allocated to Solana (SOL). The announcement had an immediate impact on the market. In premarket trading, FLGC stock spiked to $53 , signaling strong investor enthusiasm for the rebrand and blockchain-focused strategy. Looking Ahead The token generation event (TGE) for 0G is slated for September 22, 2025 , with major centralized exchanges such as Kraken and Gemini already confirming listings. Earlier this year, the 0G Foundation launched an $88.88 million fund to accelerate decentralized financial applications powered by artificial intelligence — a move that complements Flora Growth’s pivot. If the execution matches the vision, ZeroStack could position itself at the intersection of blockchain, AI, and next-generation finance.

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.