#FGC #og The million-dollar financing of Flora Growth Corp.
Flora Growth Corp. has announced that it has secured $401 million in private investment funding. This financing includes $366 million in digital assets and $35 million in cash. The company will primarily use these funds to acquire OG tokens, the native cryptocurrency of the OG ecosystem.
This move represents a significant strategic shift for the company, which is transitioning to become a cryptocurrency company focused on artificial intelligence (AI). The company's new strategy will be to maintain the OG token as its primary reserve asset.
As part of this reorientation, Flora Growth will be renamed Zero Stack and will appoint Michael Heinrich, co-founder of OG, as its new executive chairman, and Daniel Reis Faria as CEO. The OG token, which will be launched through an airdrop on Monday, is part of a scalable AI blockchain designed to drive the future of distributed AI.