- ZeroStack, the new name for Flora Growth Corp, embarks on a bold blockchain and AI pivot.
- Pioneers blockchain-based AI for cannabis finance.
- $401M treasury initiative marks a first for Nasdaq-listed cannabis firms.
Nasdaq-listed Flora Growth Corp. has rebranded as ZeroStack, pivoting into blockchain and AI with a $401 million treasury initiative, announced publicly on [date], aiming to enhance cannabis finance.
This strategic move positions ZeroStack to leverage decentralized AI, reshaping cannabis industry finance while facing regulatory challenges, attracting significant institutional investment toward the new $0G blockchain.
The Transition
With Michael Heinrich, co-founder of 0G Labs, now serving as Executive Chairman, ZeroStack is steering its focus on decentralized AI and blockchain. The firm’s Nasdaq listing remained under the FLGC ticker, indicating a public market identity continuity. Heinrich shared,
“Our $0G Coin Treasury Strategy makes ZeroStack the first Nasdaq cannabis firm to adopt decentralized AI and blockchain as its financial backbone, tackling supply chain and compliance pain points with web3 tools.”
Financial Impact
The market has responded with cautious interest to ZeroStack’s bold move. The firm’s financial strategy also attracts significant attention due to its significant scale within the cannabis and blockchain space, promising transformative industry effects.
The $401M fund is structured with $366M in digital assets and $35M in cash. This signals a major shift in financing for the cannabis industry, potentially impacting market regulations and financial operations across sectors.
Technological and Regulatory Challenges
The shift will likely pose challenges due to regulatory uncertainties in the intersection of cannabis and blockchain sectors. Institutions are expected to monitor these developments closely as they could trigger broader implications.
Historically, the integration of blockchain in cannabis primarily aimed to facilitate supply chain and logistics. ZeroStack’s approach uses AI for automated compliance and real-time auditability, presenting unique technological outcomes unseen at this scale previously, explained by DeFi Dev Corp., “ZeroStack’s treasury leverages web3 compliance to finally solve banking for cannabis—real AML, real audit trails, no more cash-only headaches.”
