Flora Growth(US:FLGC) Newsfileยท2025-09-19 22:53Core 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].