Why Did Big Tobacco Buy the Most Advanced Medical Marijuana Inhaler Company for 0,000,000?

Why Did Big Tobacco Buy the Most Advanced Medical Marijuana Inhaler Company for $650,000,000?

The potential acquisition of Syqe Medical by Phillip Morris represents a significant strategic move for the tobacco giant, signaling its entry into the flourishing marijuana industry. With an initial investment of $130 million to support Syqe’s FDA approval process, followed by a possible $650 million acquisition, this deal can potentially make Syqe one of the largest cannabis companies globally. Moreover, Syqe’s innovative inhaler, utilizing raw cannabis inflorescence, could secure FDA approval, positioning the company as a trailblazer in the medical cannabis sector.