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Flora Growth Invests $401M in AI Tech Now
Flora Growth Corp. (Nasdaq: FLGC) is rewriting its playbook. Once known as a cannabis producer, Flora Growth plans to completely change its business model, moving from CBD products to an ambitious role as an AI Tech investment company. The company even intends to rebrand as ZeroStack, though it will keep its ticker symbol FLGC. This dramatic shift highlights how legacy businesses are embracing the fast-growing AI Tech sector.
The centerpiece of this transformation is a $401 million deal to back Zero Gravity, a blockchain-based AI Tech project. Flora Growth will invest $35 million in cash and $366 million in digital 0G tokens valued at $3 each, valuing the Zero Gravity initiative at $3 billion. Several investment groups including DeFi Development Corp., Hexstone Capital, and Carlsberg SE Asia are also involved, underscoring the high level of confidence in this AI Tech platform.
Zero Gravity, also called 0G, is developing technology that allows artificial intelligence models to run entirely on decentralized networks. Its main achievement so far is training a 107-billion-parameter model using distributed computing rather than costly data centers. By supporting Zero Gravity, Flora Growth is betting that decentralized AI Tech will become the next major wave of innovation.
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