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

ChainCatcher news, Flora Growth Corp. (NASDAQ: FLGC) today announced it has secured $401 million in financing, including a strategic investment of $22.88 million from Defi Development Corp. The company will be renamed ZeroStack, focusing on the development of "0G"------a groundbreaking AI distributed infrastructure project.

The 0G project has achieved distributed training of a 107 billion parameter model, improving upon Google's existing technology by 357 times, demonstrating that large-scale AI models can operate efficiently in a decentralized environment. The transaction is expected to be completed on September 26, 2025, and the company will retain the "FLGC" stock ticker.