Cannabis firm pivots into decentralized AI with large-scale blockchain investment
Nasdaq-listed cannabis company Flora Growth (FLGC) is making a bold pivot into blockchain and artificial intelligence, announcing a $401 million treasury initiative to back Zero Gravity (0G), a decentralized AI infrastructure project. The move will see the firm rebrand to ZeroStack while retaining its current Nasdaq ticker.Deal Details
The funding round combines $35 million in cash with $366 million in digital assets, primarily denominated in 0G tokens. The treasury is designed to scale Zero Gravity’s decentralized AI ecosystem, which already boasts the ability to train 107 billion-parameter models using distributed computing clusters.
Institutional participation was led by DeFi Development Corp. (DFDV), alongside Hexstone Capital and Carlsberg SE Asia PTE Ltd, with additional backing from Dao5, Abstract Ventures, and Dispersion Capital.
“We’re thrilled to partner on this fundraise and look forward to driving a deep collaboration between 0G and Solana,” said Joseph Onorati, CEO of DFDV, confirming that part of the treasury will also be held in Solana (SOL) tokens.
Zero Gravity’s AI Edge
Zero Gravity has claimed a 357x efficiency improvement over existing distributed AI frameworks, positioning it as a direct challenger to established cloud providers and major tech firms. Its infrastructure focuses on transparent, verifiable, and privacy-first AI training, a value proposition aimed at both developers and institutional investors.
Incoming CEO Daniel Reis-Faria called the treasury move a way for institutions to gain equity-based exposure to a new class of decentralized AI infrastructure, potentially transforming how large-scale models are built and deployed.
Market Impact and Timeline
Following the announcement, Flora Growth shares rose 5%, reflecting investor enthusiasm for the pivot. The transaction is expected to close by September 26, pending shareholder approval. Certain investors will also receive pre-funded warrants linked to 0G token usage.
By rebranding as ZeroStack and committing a $401M treasury, Flora Growth is signaling a full-scale transition from cannabis operations to AI-driven blockchain infrastructure. With Zero Gravity’s 107B-parameter capability already setting benchmarks, analysts believe the project could position itself as a leading competitor in the fast-emerging decentralized AI space.
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