Flora Growth Corporation raises 401 million USD through PIPE funding

Flora Growth Corporation announced on September 20th that it has secured 401 million USD through PIPE funding. The funding includes a strategic investment of 22.88 million USD and 0G tokens from DeFi Development Corp, among others.

Flora is set to rebrand as ZeroStack while retaining the stock symbol FLGC. New appointments include 0G co-founder Michael Heinrich as executive chairman and Daniel Reis-Faria as CEO, with plans to use 0G and hold a portion of SOL.

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