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Flora Growth Completes $401 Million 0G Deal to Pivot to Blockchain AI

The Nasdaq-listed cannabis firm is shifting to blockchain-based AI infrastructure through a token-heavy treasury move tied to Zero Gravity’s 0G launch.

Overview

  • The financing totals $401 million — $35 million in cash and $366 million in 0G tokens priced at $3 — led by Solana-focused DeFi Development Corp., implying a $3 billion fully diluted valuation for 0G.
  • Flora will seek shareholder approval to rebrand to ZeroStack while retaining its FLGC ticker, becoming the first publicly traded company to hold 0G tokens.
  • Binance set a September 22 listing for 0G, with the 0G Foundation scheduling an airdrop to early supporters on September 23.
  • Flora Growth shares jumped about 69% in after-hours trading following the announcement.
  • Zero Gravity says its decentralized network can train large models, including a 107 billion-parameter system, with a reported 357x efficiency gain that has not been independently verified.