Flora Growth Corp. (FLGC) Leaps Into Web3 With $1M Crypto Bet

We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Flora Growth Corp. stands twelfth on our list.

Flora Growth Corp. (NASDAQ:FLGC) is among the cheap pot stocks to buy. It is a global cannabis company headquartered in Fort Lauderdale, Florida, operating in over 15 countries. It offers a wide range of products, including pharmaceuticals, CBD wellness goods, food and beverages, and THC-infused products through a vertically integrated model.

In 2025, Flora Growth Corp. (NASDAQ:FLGC) made a strategic move into digital assets, investing $1 million across Ethereum, Solana, Sui, and Ripple. CEO Clifford Starke highlighted this step as a push toward Web3 innovation and long-term value creation, with more digital ventures expected. This unique approach in the cannabis sector marks the company as a forward-thinking player, aligning itself with emerging digital trends.

The business is also rapidly expanding its THC-infused beverage operations. It appointed Sammy Dorf, co-founder of Verano Holdings, as Executive Chairman to lead product growth. New brands like “Melo” and “Cloud Cola” have launched in major U.S. retail outlets, supported by a new facility and partnerships with distributors such as Sunshine State Distributing. These efforts aim to capture the growing demand as more states legalize THC beverages.

Internationally, Flora Growth Corp. (NASDAQ:FLGC) is entering Germany’s cannabis pilot program with a supply agreement via Curaleaf and the appointment of Dr. Manfred Ziegler to lead regional operations. This move positions the corporation to capitalize early on Europe’s emerging legal cannabis market.

Flora Growth Corp. (FLGC) Leaps Into Web3 With $1M Crypto Bet

A closeup of an analytical scientist analyzing a medicinal cannabis derivative product in a laboratory.

At its 2025 shareholder meeting, Flora Growth Corp. (NASDAQ:FLGC) approved key changes, including increasing its incentive plan share cap and authorizing a reverse stock split to enhance market flexibility. New board members were also elected to support growth in wellness, beverages, and digital assets.

While we acknowledge the risk and potential of FLGC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLGC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.