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Flora Growth ( (FLGC) ) has shared an update.
Flora Growth Corp. is changing its corporate name to ZeroStack Corp. and will begin trading on the Nasdaq Capital Market under the new ticker symbol “ZSTK,” marking a formal rebranding around its strategy as an AI-focused asset manager centered on decentralized AI. The move, which leaves the company’s share capital structure unchanged, underscores its pivot toward a concentrated digital asset approach built around its roughly 123 million $0G tokens and related yield-generating activities, positioning the firm as a specialized vehicle for exposure to decentralized AI while maintaining its existing pharmaceutical distribution operations.
The most recent analyst rating on (FLGC) stock is a Hold with a $6.50 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.
The score is held down primarily by weak financial performance (ongoing losses, declining revenue, and negative free cash flow) and bearish technicals (price below key moving averages with negative MACD). Valuation is difficult to assess due to negative earnings and no dividend support. Offsetting factors include constructive corporate events that improve governance and provide financing flexibility.
To see Spark’s full report on FLGC stock, click here.
More about Flora Growth
Flora Growth Corp., soon to be rebranded as ZeroStack Corp., is a Nasdaq-listed asset management company focused on providing investor exposure to decentralized artificial intelligence (AI) through digital assets. The company holds a substantial position in $0G, the native token of the 0G decentralized AI operating system, and seeks to generate yield and fee-based income via staking validators, compute power technology companies, and related businesses in the $0G ecosystem and broader AI market. In addition to its AI-focused asset management activities, the company operates a global pharmaceutical distribution business through its wholly owned subsidiary, Phatebo GmbH.
Average Trading Volume: 34,261
Technical Sentiment Signal: Sell
Current Market Cap: $6.61M
For a thorough assessment of FLGC stock, go to TipRanks’ Stock Analysis page.