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.
Michael Heinrich, co-founder of Zero Gravity, will become Executive Chairman of Flora Growth, while Daniel Reis-Faria takes over as CEO. According to Reis-Faria, the goal is to provide institutional investors with equity-based exposure to foundational infrastructure for transparent, large-scale, cost-efficient AI Tech development.
Although Flora Growth still operates brands such as JustCBD and Vessel, its cannabis segment will now take a back seat. Instead, the company will hold most of its treasury in 0G tokens, effectively becoming a proxy for public-market investors who want exposure to emerging AI Tech projects before they go mainstream.
This timing is strategic. The 0G token launches publicly on September 23, 2025, with major exchanges including Binance planning to list it. By investing early, Flora Growth aims to capture upside if Zero Gravity delivers on its promise of more efficient AI Tech training.
For shareholders, the message is clear: Flora Growth is transforming from a cannabis company into a high-stakes player in the AI Tech revolution. If the pivot succeeds, Flora Growth could become one of the first public companies to bridge blockchain, tokens, and large-scale AI Tech innovation.
