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Flora Growth ( (FLGC) ) has issued an update.
Flora Growth Corp., transitioning to ZeroStack, has appointed BitGo Trust Company as the custodian for its $0G treasury, emphasizing security and regulatory compliance. This move underscores the company’s commitment to transparency and operational control as it continues to offer institutional investors exposure to AI infrastructure, positioning itself strategically in the digital asset market.
The most recent analyst rating on (FLGC) stock is a Hold with a $23.50 price target. To see the full list of analyst forecasts on Flora Growth stock, see the FLGC Stock Forecast page.
Spark’s Take on FLGC Stock
According to Spark, TipRanks’ AI Analyst, FLGC is a Neutral.
Flora Growth’s overall stock score is primarily impacted by its weak financial performance, characterized by declining revenue, persistent losses, and increased leverage. The technical analysis provides mixed signals, with some potential for short-term volatility. The valuation is particularly weak due to the negative P/E ratio and lack of dividend yield, further weighing down the overall score.
To see Spark’s full report on FLGC stock, click here.
More about Flora Growth
Flora Growth Corp., soon to be rebranded as ZeroStack, is the first and largest decentralized AI treasury company. It invests in AI infrastructure through strategic ownership in 0G, an AI infrastructure firm that has developed an open and decentralized AI network powered by the $0G token. Additionally, it operates as a global pharmaceutical distributor through its subsidiary Phatebo GmbH.
Average Trading Volume: 44,751
Technical Sentiment Signal: Sell
Current Market Cap: $14.21M
Find detailed analytics on FLGC stock on TipRanks’ Stock Analysis page.