Flora Growth(FLGC)
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Flora Growth acquires 772K 0G tokens, advances to decentralized AI treasury (NASDAQ:FLGC)
Seeking Alpha· 2025-10-08 12:23
Group 1 - The article does not provide any specific content or key points related to a company or industry [1]
Flora Growth Corp. Announces First Purchase of 0G, the Fuel of the 0G Decentralized AI Network
Newsfile· 2025-10-08 12:00
Core Insights - Flora Growth Corp. is transitioning to ZeroStack and has made its first purchase of 0G cryptocurrency, acquiring 772,200 tokens at an average price of $2.59, following a $401 million fundraising effort [1][5] - The company aims to establish itself as a leading public vehicle for Decentralized AI exposure, with a long-term strategy to hold and stake the purchased 0G tokens [5][6] - As of October 6, 2025, the company holds a total of 122,538,335 0G tokens, valued at approximately $352 million, with a partially adjusted total of 9,809,754 common shares outstanding [7] Company Strategy - The acquisition of 0G is part of the company's broader vision to connect traditional investors with the Decentralized AI economy, creating a regulated and transparent pathway to 0G [5][6] - The company plans to leverage its treasury strategy to enhance the adoption of 0G and support the growth of the Decentralized AI network [5] Financial Metrics - Total 0G held: 122,538,335 tokens [7] - Total 0G equivalents held (USD): Approximately $352 million [7] - Partially adjusted total common shares outstanding: 9,809,754 shares [7] - 0G per share ("ZGPS"): 12.491 [7] - ZGPS (USD): $35.85 [7]
DeFi Development Strikes ZeroStack Deal To Drive Solana Into Decentralized AI
Yahoo Finance· 2025-09-22 12:16
Group 1 - DeFi Development Corp. (NASDAQ:DFDV) has partnered with Flora Growth Corp., soon to be renamed ZeroStack, to develop the 0G Network, a decentralized blockchain for scaling AI workloads [1][2] - DFDV has exchanged SOL tokens for a convertible note and equity in ZeroStack, which will also manage the SOL as part of its balance sheet [2][3] - The partnership aims to integrate Solana's ecosystem with 0G's decentralized AI platform, facilitating new AI-driven applications [3][6] Group 2 - ZeroStack is preparing for a rebranding and has announced a private placement to raise digital assets and cash, with notable investors including Hexstone Capital and Carlsberg SE Asia PTE Ltd. [4][5] - The funds raised will be used to expand holdings of the 0G token, which is essential for the 0G infrastructure [5] - Leadership changes have been announced, with Michael Heinrich becoming executive chairman and Daniel Reis-Faria as CEO [5] Group 3 - The 0G Network has demonstrated the capability to train a 107 billion-parameter model using distributed clusters, surpassing benchmarks set by Google's DiLoCo project [6] - The network aims to decentralize AI development and lessen reliance on centralized data centers by integrating storage, compute, and training capabilities [6] Group 4 - DFDV will host an X Spaces discussion on September 23, 2025, to update investors on Treasury Accelerator initiatives, including the collaboration with ZeroStack [7] - Following the news, FLGC shares increased by 135.85% to $64.15, while DFDV shares decreased by 5.38% to $16.02 in premarket trading [7]
Morning Market Movers: AGRI, QLGN, FLGC, BOXL See Big Swings
RTTNews· 2025-09-22 11:43
Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - AgriFORCE Growing Systems Ltd. (AGRI) has increased by 263% to $8.73 [3] - Qualigen Therapeutics, Inc. (QLGN) has risen by 212% to $8.87 [3] - Flora Growth Corp. (FLGC) is up 103% at $55.36 [3] - Boxlight Corporation (BOXL) has gained 102% to $3.16 [3] - Platinum Analytics Cayman Limited (PLTS) is up 96% at $14.00 [3] - Metsera, Inc. (MTSR) has increased by 59% to $52.99 [3] - Anywhere Real Estate Inc. (HOUS) is up 51% at $10.72 [3] - Fold Holdings, Inc. (FLD) has risen by 30% to $5.93 [3] - ARB IOT Group Limited (ARBB) is up 28% at $8.02 [3] - MBX Biosciences, Inc. (MBX) has increased by 26% to $12.64 [3] Premarket Losers - AlphaVest Acquisition Corp (ATMV) has decreased by 27% to $15.99 [4] - Helius Medical Technologies, Inc. (HSDT) is down 17% at $20.00 [4] - CEA Industries Inc. (BNC) has fallen by 15% to $8.20 [4] - Simpple Ltd. (SPPL) is down 13% at $5.00 [4] - FatPipe, Inc. (FATN) has decreased by 11% to $7.87 [4] - Tharimmune, Inc. (THAR) is down 11% at $3.20 [4] - Yueda Digital Holding (YDKG) has fallen by 11% to $2.98 [4] - American Battery Technology Company (ABAT) is down 10% at $2.94 [4] - AGM Group Holdings Inc. (AGMH) has decreased by 9% to $9.36 [4] - Antelope Enterprise Holdings Limited (AEHL) is down 5% at $3.38 [4]
DeFi Development Corp. Announces Strategic Collaboration with ZeroStack in Treasury Accelerator Deal
Globenewswire· 2025-09-22 09:00
Core Insights - DeFi Development Corp. has announced a strategic collaboration with ZeroStack to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] - The partnership includes a private placement transaction with Flora Growth Corp., which is expected to rebrand as ZeroStack, involving an in-kind contribution of SOL for a convertible note [2][3] - The collaboration aims to build a bridge to the Solana ecosystem to support decentralized AI applications [3] Company Strategy - DeFi Development Corp. has adopted a treasury policy that primarily allocates its reserves to SOL, providing investors with direct exposure to the asset while participating in the Solana ecosystem's growth [5] - The company operates its own validator infrastructure to generate staking rewards and is actively exploring decentralized finance (DeFi) opportunities [5] Financial Details - The convertible note issued by ZeroStack to DeFi Development Corp. is denominated in SOL and offers an 8.0% annual interest rate, payable quarterly in SOL [3] - The collaboration with ZeroStack allows DeFi Development Corp. to receive an equity stake in the company, further aligning interests [2] Future Initiatives - DeFi Development Corp. will host an event titled "DFDV Dealmaking: An Update on Treasury Accelerator Initiatives" to discuss recent deals and strategic arrangements aimed at fueling SOL Per Share (SPS) growth [4]
DeFi Development Corp. Announces Strategic Collaboration with ZeroStack in Treasury Accelerator Deal
Globenewswire· 2025-09-22 09:00
Core Insights - DeFi Development Corp. has announced a strategic collaboration with ZeroStack to enhance its treasury strategy focused on accumulating Solana (SOL) [1][2] - The partnership includes a private placement transaction with Flora Growth Corp., which is expected to rebrand as ZeroStack, involving an in-kind contribution of SOL for a convertible note [2][3] - The collaboration aims to build a bridge to the Solana ecosystem to support decentralized AI applications [3] Group 1: Strategic Collaboration - The collaboration with ZeroStack allows DeFi Development Corp. to provide services such as asset management and technology support while receiving an equity stake in ZeroStack [2] - The convertible note issued by ZeroStack to DeFi Development Corp. is denominated in SOL and offers an 8.0% annual interest rate, payable quarterly in SOL [3] Group 2: Treasury Strategy - DeFi Development Corp. has adopted a treasury policy that allocates its principal holding to SOL, providing investors with direct exposure to the asset [5] - The company operates its own validator infrastructure to generate staking rewards and is actively exploring decentralized finance opportunities [5] Group 3: Future Initiatives - The DFDV Treasury Accelerator aims to support innovative treasury structures in digital assets, with the collaboration with ZeroStack being a key example [4] - An upcoming X Spaces event will discuss recent deals under the Treasury Accelerator program, including insights into strategic franchise arrangements designed to fuel SOL Per Share (SPS) growth [4]
Cannabis Firm Flora Wins $401M Deal at $3B Valuation for 0G
FinanceFeeds· 2025-09-21 20:06
Core Viewpoint - Flora Growth is transforming from a cannabis company to a player in the blockchain and AI sectors, announcing a $401 million treasury initiative to support the Zero Gravity (0G) blockchain project [1][4]. Financial Details - The deal consists of $35 million in cash and $366 million in digital assets, primarily in 0G tokens, with participation from various firms including DeFi Development Corp. and Hexstone Capital [2][3]. - Flora Growth's treasury will also include Solana (SOL) tokens, enhancing its connection to the Solana ecosystem [2]. Strategic Implications - The incoming CEO described the treasury move as a means to provide institutional investors with equity-based exposure to a transparent and privacy-first AI infrastructure [6]. - The pivot to blockchain and AI reflects a broader trend of companies in struggling industries rebranding to attract capital [13]. Market Reaction - Following the announcement, Flora Growth's shares surged 69% in after-hours trading, reversing a year-to-date decline of 32%, indicating strong investor interest in crypto-AI narratives [8]. Technological Aspirations - Zero Gravity Labs claims to have developed a distributed AI training technology that has achieved a 357x efficiency gain over traditional frameworks, positioning it competitively against major tech firms [5]. Future Prospects - The 0G Foundation plans to airdrop tokens to early supporters, with a projected fully diluted valuation of about $3 billion at a $3 token price, aligning it with other notable projects [7]. - The success of Flora Growth's pivot will depend on the real-world performance of 0G's AI technology and the anticipated exchange listings [12][14].
Flora Growth Corp. (FLGC) Announces $401 Million Funding with a $22.88 Million Strategic Investment from Defi Development Corp. (DFDV) to Initiate Groundbreaking AI Zero Gravity ($0G) Coin Treasury Strategy
Newsfile· 2025-09-19 22:53
Core Viewpoint - Flora Growth Corp. has announced a $401 million funding round, including a strategic investment of $22.88 million from Defi Development Corp., to implement a groundbreaking AI Zero Gravity ($0G) Coin Treasury Strategy, with plans to rebrand as ZeroStack and retain the "FLGC" ticker symbol [1][9]. Funding Details - The funding offering is led by DeFi Dev Corp., with participation from Hexstone Capital, Carlsberg SE Asia PTE Ltd, and several other investors [2]. - The company has secured over $366 million in in-kind digital assets and $35 million in cash commitments, entering a private placement transaction at a purchase price of $25.19 per share [3]. Strategic Partnerships - Defi Development Corp. aims to support AI adoption across the Solana network, and Flora will hold a portion of its treasury in SOL tokens as part of this collaboration [4]. - The company plans to use the proceeds from the PIPE transaction to acquire additional $0G tokens, the native cryptocurrency of the 0G ecosystem [5]. Technological Advancements - The 0G project has successfully trained a 107 billion parameter model using decentralized AI, achieving a 357x improvement over previous research, demonstrating the potential of distributed networks for large-scale AI training [6]. - 0G is the first Web3 AI company to integrate its own storage, compute network, and training marketplace, providing a comprehensive operating system for AI tools [7]. Leadership Changes - Following the funding round, Flora Growth will appoint Michael Heinrich as Executive Chairman and Daniel Reis-Faria as CEO, marking a significant leadership transition [6][9]. Market Position - Flora Growth, soon to be ZeroStack, positions itself as the largest decentralized AI treasury company, focusing on strategic ownership in the 0G AI infrastructure project [9].
Flora Regains Compliance with NASDAQ Minimum Bid Requirement
Newsfile· 2025-08-20 12:31
Core Points - Flora Growth Corp. has regained compliance with Nasdaq's minimum bid price requirement, allowing it to continue trading on the exchange [1][2] - The company was previously notified on February 25, 2025, that it was not in compliance due to its stock price falling below $1.00 for 30 consecutive business days [2] - Following a 180-day compliance period, Flora's shares maintained a closing bid price above $1.00 for 10 consecutive trading days from August 4 to August 15, 2025 [2] Compliance Details - The minimum bid price requirement set by Nasdaq is $1.00 per common share [2] - The company was given a 180-calendar day period to regain compliance after the initial notification [2] - The matter of non-compliance has now been closed as the company has met the necessary criteria [2]
Flora Growth Corp. (FLGC) Reports Q2 Loss, Tops Revenue Estimates
ZACKS· 2025-08-01 22:16
Core Insights - Flora Growth Corp. reported a quarterly loss of $0.11 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.06, marking an earnings surprise of -83.33% [1] - The company generated revenues of $14.8 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 25.71%, but down from $15.68 million year-over-year [2] - Flora Growth shares have declined approximately 42.9% year-to-date, contrasting with the S&P 500's gain of 7.8% [3] Financial Performance - Over the last four quarters, Flora Growth has consistently failed to meet consensus EPS estimates [2] - The current consensus EPS estimate for the upcoming quarter is -$0.06 on revenues of $12.52 million, and for the current fiscal year, it is -$0.40 on revenues of $47.63 million [7] Industry Context - The Medical - Products industry, to which Flora Growth belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Flora Growth's stock may be influenced by the overall outlook of the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [8]