Cannabis producer Flora Growth will create a $401 million 0G reserve.
Date: 2025-09-22 Author: Gabriel Deangelo Categories: BUSINESS
Flora Growth, a publicly traded American company known for its cannabis and derivatives products, announced major changes: the company plans to rebrand and create a $401 million reserve in its native token, 0G. This asset belongs to the Zero Gravity ecosystem, a layer-one blockchain focused on decentralized AI solutions.
Zero Gravity is EVM-compatible and based on a modular architecture. The network's developer, 0G Labs, recently unveiled an AI model with 107 billion parameters. Training was conducted using distributed clusters, even on low internet speeds, highlighting the network's flexibility.
The 0G token (TGE) launch is scheduled for September 22, 2025. Among the centralized exchanges that have already confirmed the asset's listing are Kraken and Gemini.
Against these backdrops, Flora Growth announced the creation of its own treasury in 0G and an upcoming name change to ZeroStack. The ticker symbol FLGC will remain the same.
As part of its new strategy, the firm initiated a $401 million private placement (PIPE). DeFi Development Corp., Hexstone Capital, Carlsberg SE Asia PTE Ltd., and other investors participated in the deal. Of the total amount, $35 million will be contributed in cash, and $366 million will be contributed in cryptocurrency, primarily in 0G at a price of $3 per token. The deal is expected to close on September 26, 2025. After that, the company plans to expand its investment portfolio and strengthen its positions in related areas.
According to Joseph Onorati, CEO of DeFi Development Corp., the partnership with Flora Growth opens up new opportunities: "We are excited to participate in this round and support the integration of artificial intelligence into Solana." The announcement also noted that a portion of the reserve fund will be allocated specifically to Solana (SOL).
The market reacted positively to the news: FLGC shares rose to $53 in premarket trading, a sharp jump.
Earlier in September, the 0G Foundation announced the launch of an $88.88 million fund to support AI-powered decentralized financial solutions. Flora Growth's new move is a logical continuation of the trend of integrating blockchain technologies and AI into real-world businesses.
