other_material
confidence high
sentiment neutral
materiality 0.95
Flora Growth raises ~$402M in placements, exits cannabis, pivots to digital asset treasury
ZeroStack Corp.
- CEO Clifford Starke and Executive Chairman Sammy Dorf resigned; replaced by Daniel Reis-Faria (CEO) and Michael Heinrich (Executive Chairman).
- Raised ~$13.66M cash, ~$215.3M in tokens, ~$22.88M Solana note, and ~$150M Zero Gravity convertible note.
- Exits hemp/cannabis business by transferring subsidiaries to settle $2.22M promissory notes.
- Proceeds to fund digital asset treasury strategy linked to $0G token on 0G Chain decentralized AI blockchain.
- New CEO receives options for 3% of pro-forma shares, vesting at VWAP targets from $40.80 to $95.20.
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