The cannabis company listed on Nasdaq, Flora Growth, has just launched a $401 million fund initiative to support the Zero Gravity blockchain project (0G), focusing on decentralized AI infrastructure. The deal includes $35 million in cash and $366 million in digital assets in the form of token 0G. Flora will be rebranded as ZeroStack but will retain the stock code FLGC.
The investment is led by DeFi Development Corp., with participation from Hexstone Capital, Carlsberg SE Asia, Dao5, Abstract Ventures, and Dispersion Capital. Flora will also allocate a portion of the funds to SOL tokens.
0G announced that their platform can train an AI model with 107 billion parameters, achieving performance 357 times higher than current distributed AI frameworks. The deal is expected to close on September 26, providing institutional investors access to transparent AI infrastructure while prioritizing privacy.
Meanwhile, Standard Chartered warns that small DAT companies are at risk of being acquired due to declining mNAV.
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