### Comment:
No total market cap is ~3B. MO basically invested 1.8B for 45% of stake - an investment in MO is by default an investment in CRON but obviously not the other way. Right now 45% of market cap is ~ 1.4B, so MO is investing long term. Up to the market to determine if they (or how much) they overpaid by.  
  
 Basically a leap put on CRON is saying MO overpaid in the long term. Any short term puts/shorts would be just saying that's it's overbought essentially

### REPLY:
Ah got it. MO always overpays it seems, especially with the JUUL deal

### END.