Flora Growth Corp., a global pharmaceutical distributor, has announced a $401 million raise to fund an ambitious treasury initiative tied to the Zero Gravity (0G) token. The funding includes $22.88 million from DeFi Development Corp., a Solana-focused treasury firm. As part of the initiative, Flora expects to rebrand itself as ZeroStack while continuing under the “FLGC” ticker symbol.
The company has secured $366 million in digital assets and $35 million in cash, while entering a PIPE deal that prices shares at $25.19. Contributions include in-kind loans of 0G tokens valued at $3.00 each. Certain investors will also receive pre-funded warrants, exercisable upon shareholder approval.
Incoming CEO Daniel Reis-Faria emphasized that AI is reshaping business infrastructure and that Flora’s AI-driven treasury will offer institutional investors equity-backed exposure to scalable, transparent, and privacy-first AI solutions. The firm highlighted 0G’s ability to train a 107-billion-parameter model on distributed networks, outperforming Google’s DiLoCo benchmarks by over 350 times.
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