NOT logical OR probable. If this CEO wanted to get into the MJ sector, he'd start a new company.
Seriously. This company has no bricks-and-mortar office or facility. They have a CEO, one other officer, and no other employees or staff. They don't have money or funding to get more money. The last time the debt was divulged, it was $15 million. The A/S of 5 billion is used up -- can't get more money there.
The CEO is a businessman, not a doctor. He would have to hire doctors and buy an existing MJ device or drug and try to develop it.
The only reason the MJ rumor worked, IMO, is because this company is dead and cannot and/or will not refute the rumor.