Flora Growth Corp., an international pharmaceutical distributor, has announced a $401 million funding initiative, including a $22.88 million strategic investment from DeFi Development Corp., a leading Solana treasury company. This collaboration aims to launch an innovative AI-powered treasury strategy for Zero Gravity (0G) coin.
In its official news blog, Flora said that upon closing the transaction, the company expects to rebrand itself as ZeroStack and retain the “FLGC” ticker symbol. Flora has initiated this investment collaboration to incorporate innovative DeFi solutions into conventional business models and utilize AI technology to enhance treasury management.
Flora has raised more than $366 million in digital assets and $35 million in cash and is now involved in a private placement transaction (“PIPE transaction”) to buy and sell its common shares at $25.19 per share. In this deal, each 0G token contributed in-kind loans, valued at $3.00. Additionally, certain cash investors and those who fund their purchases with 0G tokens will receive pre-funded warrants that can be exercised once the company receives shareholder approval.
“AI isn’t just transforming what companies do, it’s transforming how they must build infrastructure,” said Daniel Reis-Faria, incoming Flora Growth CEO. “This treasury strategy offers institutional investors equity-based exposure to the foundational infrastructure enabling transparent, verifiable, large-scale, cost-efficient, and privacy-first AI development.”
The firm also said that 0G has been successful in training a 107 billion parameter model using distributed clusters over low-throughput internet connections. This shows a 357 times better performance than previous research from Google (DiLoCo) and proves that large AI models can be trained well without needing a central system. Additionally, distributed networks can now manage the complex computing tasks that were once believed to need centralized data centers.
0G’s leap into decentralized AI infrastructures
0G is the first-ever Web3 AI company to vertically integrate its proprietary storage network, compute network, and training marketplace to fully decentralize AI workloads. This infrastructure is bundled into an all-in-one operating system, offering highly performant AI tools for seamless integration by Web2 and Web3 builders.
DeFi Development Corp. is at the forefront of the investment. It is the first Solana-based Digital Asset Treasury (DAT) company, which accumulates and compounds SOL tokens. Other firms participating in the investment are Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt.
“We’re thrilled to partner with FLGC on this fundraiser and look forward to driving a deep collaboration between 0g and Solana,” said Joseph Onorati, CEO of Defi Development Corp, adding, “DFDV is excited to support AI adoption across Solana.”
Following the closing of this PIPE transaction, which is expected to be around September 26, subject to customary closing conditions, Flora intends to use the proceeds of the deal to acquire additional 0G token, the native cryptocurrency of the 0G ecosystem.
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