Why Flora Growth Is Building A Treasury With The 0G Token
The post Why Flora Growth Is Building A Treasury With The 0G Token appeared on BitcoinEthereumNews.com.
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…
Filed under: News - @ September 21, 2025 1:24 pm