Flora Growth announces $401 million financing plan to transform AI infrastructure

According to ChainCatcher, Flora Growth Corp. (NASDAQ: FLGC) announced today that it has received $401 million in financing, including $22.88 million in strategic investment from Defi Development Corp. The company will be renamed ZeroStack, focusing on developing “0G” – a breakthrough AI distributed infrastructure project. The 0G project has achieved distributed training of 107 billion parameter models, which is 357 times higher than Google's existing technology, proving that large-scale AI models can operate efficiently in a decentralized environment. The transaction is expected to close on September 26, 2025, and the company will retain the “FLGC” stock code.