Flora Cannabis Secures $401M Agreement at a $3B Valuation for 0G
Flora Growth's Strategic Shift: Flora Growth, a cannabis company, is transforming into a blockchain and AI player with a $401 million treasury initiative to support Zero Gravity (0G), a decentralized AI infrastructure project, while planning to rebrand as ZeroStack.
Investor Interest and Market Reaction: Following the announcement, Flora's shares surged 69% in after-hours trading, indicating strong investor interest in the crypto-AI narrative, despite the company's departure from its cannabis roots.
0G's AI Infrastructure Goals: Zero Gravity Labs aims to revolutionize distributed AI training, claiming significant efficiency gains over traditional models, and plans to airdrop tokens to early supporters, with major exchange listings anticipated.
Broader Industry Implications: The Flora-0G deal reflects a trend of companies in struggling sectors rebranding into crypto and AI to attract investment, with potential risks and rewards for investors as the project develops.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00935 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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