Flora Growth Raises $401 Million to Kickstart the 0G Treasury Strategy

BlockBeats News, September 20th. Nasdaq-listed company Flora Growth Corp. (stock code: FLGC) announced today that it has secured a $401 million financing, including over $366 million in physical digital assets and $35 million in cash and cash-equivalent commitments to launch the 0G Treasury strategy. The transaction includes physical contributions and partial physical loans priced at $3.00 per 0G token. Following the completion of the transaction, the company is expected to rebrand as ZeroStack while retaining the "FLGC" stock code.

This financing round was led by Solana-backed DeFi Dev Corp. Hexstone Capital, Carlsberg SE Asia PTE Ltd (CSAPL), as well as Dao5, Abstract Ventures, Dispersion Capital, Blockchain Builders Fund, and Salt, among others, participated in the investment.