21.09.2025 13:24
In a significant strategic pivot, Flora Growth, a company previously known for its cannabis and derivatives production, is undergoing a profound metamorphosis, rebranding as ZeroStack following a substantial $401 million funding round. This sweeping corporate transformation, as reported across various internet sources, sees the entity retaining its Nasdaq ticker FLGC while embarking on an ambitious new trajectory centered on advanced blockchain technology and artificial intelligence. Central to this strategic overhaul is the adoption of a novel treasury approach that integrates the 0G token, the native digital asset of the innovative Zero Gravity blockchain.
The Zero Gravity network represents a pivotal element of ZeroStack's future, designed as a layer-one blockchain specifically engineered to power decentralized AI applications. Its architecture is built for compatibility with the Ethereum Virtual Machine (EVM), positioning it at the forefront of the burgeoning AI-blockchain convergence. Demonstrating its technical prowess, 0G Labs, the development team behind the network, recently showcased the blockchain’s modular design by successfully training a colossal model comprising 107 billion parameters. This impressive feat was achieved using distributed clusters linked via limited-bandwidth internet, underscoring the network’s capacity for running complex AI solutions directly on-chain.
This strategic reorientation is underpinned by a robust $401 million private placement (PIPE) transaction. The funding mechanism involved $35 million in cash, complemented by a substantial $366 million in crypto assets, predominantly denominated in the 0G token at a valuation of $3 per token. This substantial capital infusion has attracted a diverse group of prominent investors, including DeFi Development Corp., Hexstone Capital, and Carlsberg SE Asia PTE Ltd., among other key backers. Slated for closure on September 26, 2025, the proceeds from this placement are earmarked for the aggressive expansion of the company's burgeoning portfolio.
The new direction also solidifies key partnerships within the decentralized finance ecosystem. Joseph Onorati, CEO of DeFi Development Corp., expressed enthusiasm for the collaboration, stating his organization was "thrilled to partner with FLGC on this fundraising effort" and looked forward to fostering "a close partnership between 0G and Solana." He further articulated DFDV's commitment to "support Solana’s AI efforts," highlighting a broader strategic alliance. Aligning with this vision, ZeroStack has confirmed that a portion of its reserves will be strategically allocated to Solana, underscoring its commitment to a multi-faceted blockchain strategy that leverages established and emerging technologies to drive its AI-centric future.
