Flora Growth Corp. (NASDAQ: FLGC) announced a $401 million funding package including a $22.88 million strategic investment from Defi Development Corp. (DFDV) to implement an AI Zero Gravity (0G) coin treasury strategy, with 0G designated as the company’s primary reserve asset.
Florida Cannabis Firm Rebrands as 0G Crypto Treasury Company With $401M in Funding
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The deal, led by DeFi Dev Corp., Hexstone Capital and Carlsberg SE Asia, secures over $366 million in in‑kind digital assets plus $35 million in cash/equivalents via a PIPE priced at $25.19 per share (and $3.00 value per 0G token contributed), with some investors to receive pre-funded warrants pending shareholder approval. Flora will rebrand as Zerostack, retain the FLGC ticker, and appoint 0G co-founder Michael Heinrich as Executive Chairman and Daniel Reis-Faria as CEO. The company also plans modest SOL holdings and intends to use PIPE proceeds to acquire additional 0G, supporting 0G’s claim as a first-to-market AI-based digital asset treasury.
