DeFi Development Invests in Flora Growth's ZeroStack Rebrand

MT Newswires Live

2025/09/22

DeFi Development (DFDV) said Monday it contributed Solana in exchange for a convertible note in a private placement with Flora Growth (FLGC), which plans to rebrand as ZeroStack.

The convertible note pays 8% annual interest in Solana, the company said.

DeFi Development also acquired an equity stake in ZeroStack and will provide asset management, accounting, finance and technology services, the company said.

Shares of DeFi Development were down over 6% in recent Monday premarket trading.

Price: 15.88, Change: -1.05, Percent Change: -6.20

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