Listed company Flora Growth plans to raise US$401 million and implement 0G funding strategy

Flora Growth Corp. (NASDAQ: FLGC) announced a $401 million financing, and the company will implement a 0G funding strategy, an AI-first blockchain with unlimited scalability designed to drive the future development of distributed AI. After the transaction is completed, the company is expected to change its name to ZeroStack and retain the stock code of “FLGC”. The issuance was led by SOL Finance (DAT) company DeFi Dev Corp., as well as Hexstone Capital, Carlsberg SE Asia PTE Ltd (CSAPL), with Dao5, Abstract ventures, Dispersion Capital, Blockchain Builders Fund and Salt. The PIPE transaction is expected to be completed around September 26, 2025.