DeFi Development announces strategic collaboration with Flora Growth

DeFi Development (DFDV) announced a strategic collaboration with ZeroStack. As part of the relationship, the company participated in a private placement transaction by Flora Growth (FLGC), which expects to rebrand as ZeroStack, through an in-kind contribution of SOL in exchange for a convertible note, and also entered into an agreement to provide ZeroStack with services such as asset management, accounting/finance support, and technology services. In addition, the company received an equity stake in ZeroStack. Through this collaboration, ZeroStack and the 0G network will be building a bridge to the Solana (SOL-USD) ecosystem to support development of decentralized AI applications across both chains. Additionally, ZeroStack will hold the SOL invested by DFDV on their balance sheet. The convertible note issued to the company by ZeroStack is denominated in SOL and provides for interest payments to the company at an 8% annual rate, payable on a quarterly basis in SOL.