The post Cannabis Company Flora Growth Makes $401 Million Bet on AI Technology appeared on BitcoinEthereumNews.com.

The company plans to completely change its business. Instead of focusing on cannabis products, Flora Growth will become an AI investment company. They will even change their name to ZeroStack, though they’ll keep the same stock ticker symbol. A cannabis company is making a big change. Flora Growth Corp., which trades on the Nasdaq stock exchange under the symbol FLGC, just announced a $401 million deal to back an artificial intelligence project called Zero Gravity. This deal shows how some companies are willing to make major changes to get into the growing AI market. Flora Growth’s stock price jumped 69% after hours when they announced the news. The Deal Structure The $401 million comes in two parts. Flora Growth will put in $35 million in cash. The remaining $366 million comes from digital tokens called 0G tokens, which are worth $3 each. This values the entire Zero Gravity project at $3 billion. Several investment firms are backing this deal. DeFi Development Corp., which focuses on the Solana blockchain, is leading the investment with $22.88 million. Other investors include Hexstone Capital and Carlsberg SE Asia, plus several smaller firms. The deal should close around September 26, 2025, but shareholders need to approve it first. Some investors will get special warrants that let them buy more tokens later. What Zero Gravity Does Zero Gravity, also called 0G, is building technology for AI that runs on blockchain networks. Their main achievement is training a massive AI model with 107 billion parameters using computers spread across the internet. This is a big deal because most AI training happens in expensive data centers. Zero Gravity claims their method is 357 times more efficient than similar research from Google. The company has already raised $75 million in earlier funding and secured a $250 million token purchase…

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Filed under: News - @ September 21, 2025 11:29 pm