 Hi, how you guys doing this is rich from your steve live and yesterday I brought you guys the news that Can trust has officially had their license suspended Told you guys that most likely the stocks going to go down on this news people are going to panic sell everywhere and it's going to bring the stock down and as predicted stocks down 8% last time I looked and I just don't see how they keep the stock over a dollar at this point. It's probably gonna go under a dollar Michael at his lowest 50 cents Before we see a bottom To be quite honest, I don't see how anyone buys the stock until health Canada reinstates Can't trust his license, which I don't know if they will or when they will or how they will So it's a very very risky opportunity right now with so many other good companies out there that don't have this Luring lingering over their heads I would be very careful if you're interested in buying can't trust right now and I would wait a lot of people yesterday Like I'm gonna buy can't trust. I'm like, well wait it's gonna go lower and As predicted it's going lower. So If you are interested in buying can't trust and taking a risk with the company that's just had their license suspended I would give it some time. Let the dust settle. Let's see how the market responds to this. Let's see if There's some type of catalyst that can turn this around but in my opinion, this is gonna go under a dollar There's a lot of companies out there that don't have a license suspended that are under dollar So you have to imagine that we're going to see can't trust under a dollar now Two things are gonna happen here or three things could happen Worst case scenario they do something wrong again Health Canada finds them to be irresponsible and they just take away their license completely and their ability to do business And they're done That's worst case scenario second scenario they keep their nose clean and Health Canada reinstates their license Probably in six months to a year. That's kind of what I'm thinking is the most likely scenario third scenario Somebody comes in like an aphria. We've heard aphria is very interested and they come in and They buy them out. They come in they acquire them They buy them out and they save the day they go under and they operate under, you know, aphria is umbrella health Canada Likes aphria most likely they're okay with them. They've got a good relationship with them They say, okay, you know what we give these guys a license back and we're back to Back to making you know back to making business back to making cannabis and selling cannabis and CBD products. So Those are the three options. I Think that the second one is probably the most likely scenario because If I Am a company, why would I want to acquire a company with all of that baggage? Yeah, there's some good assets there, but there's always going to be that baggage. So I Don't know. It's it's a tough call. I personally would stay away from them completely. Why would you want that baggage is my opinion, but You know, if those assets go, I mean, they're really cheap already But if they go even cheaper it might be too good to pass up on it might be too Appealing to refuse that opportunity. So It's going to be interesting to see what's going to happen But as predicted it's down today and I'm not really surprised. I Can't see how we would have gone up after this news. So I Think it goes lower. I think it goes under a dollar Canadian. That's my prediction. I hope I'm wrong But I believe it will go under a dollar Canadian Now I did say that if it went to a dollar, I would buy 10,000 shares But because they've lost or they've had their license suspended I'm just not willing to just throw away $10,000. So I'm gonna keep my eye on it. If I do buy it. I'll let you guys know I mean, I wouldn't be surprised to see it go to even 50 cents. Honestly Because they can't sell cannabis. They can't produce cannabis. So Right now they have no business So it's a tough situation. I really feel bad for shareholders and the entire sector is kind of being affected by this You know investors are going to think twice before they invest investors are going to look at this sector like it's very Dangerous It's very risky Volatile Filled with scammers and scandal and drug dealers Illegal dealings and growing Canada's behind walls. So I could I can understand that I Totally understand that so be careful. I wouldn't suggest you go and you buy cantras just like that. I would Definitely watch it for a little bit. A lot of people yesterday are like, oh, I'm gonna buy it and I was just like, well Why wouldn't you just wait? It's going to go down. So here it is. It's going down as predicted. I'm not really surprised I'm not happy that it's going down. I don't want it to go down. I don't actually own shares of cantras but man It's been a tough road let's just put it that way for cantras and I don't see how it gets really any easier until They get that license reinstated And I have no idea how long it's going to take But in my opinion, it's probably going to take six months to a year of them keeping their nose clean and proving to health Canada That they've eliminated everybody that was doing the dirty dealings That they've gone in a new direction that they've really changed their business practices to be one of quality and assurance and Transparency with health Canada and operating under the rules and regulations as set forth by health Canada But at the end of the day, I have no idea when and that puts a huge Dark cloud hovering over cantrust today's the first day of their new direction and Clearly the stock is going down. It's under selling pressure And I just can't see what catalyst is going to turn this around so love to know you guys opinion on cantrust Are any of you guys buying this dip right now? Are you guys waiting? Are you guys staying away from cantras completely? Yeah, what's up Danny boy? Yeah, good point I mean you could make a killing on cantrust if you buy it at the bottom But that's assuming that they get their license back Right now they have no license to operate All their cannabis and all their cannabis products have been Seized by health Canada So clearly they're in a really bad situation And yeah, there is an opportunity to make some big money if you can find the bottom But with so many stocks at the bottom, why would cantras be your first pick? We're finding so many great companies at the bottom Why would cantras be your first pick at this point? Yeah, it's It used to be a great company. It used to have a great reputation. They used to have everything going for them until this scandal Now you got to look at them differently They're not the same company. They were before the scandal The scandal will always be hovering over their head In my opinion if I was cantrust and cantras if you guys are watching I would do a few things I Would do a name change I would probably file an S1 registration To start over Start fresh do an S1 registration do a name change Maybe look for a partner or someone that has a great reputation that you can operate under to kind of start fresh In my opinion, that's the only way you're going to turn this around Everybody is now calling you can't trust How are you going to operate in this marketplace with the same name and the same brand after a scandal? I Just can't see how that Turns around I Think you need to do something drastic a Name change would be a good start an S1 registration is kind of like Going to confession if you do an S1 registration It's like confessing your sins and with the S1 registration you could do a name change and That might be good enough for you to start over and start fresh go to confession repent all your sins and Start over I think that's your best bet In my opinion, that's your best bet. You can't operate anyways. So while you can't operate do a name change Do something you can't just operate as can't trust You can't be called can trust when people can't trust you anymore. So you need to change your name This is some free advice from rich TV live. We've been doing this for two and a half years We've been around the game for a long time I've seen this type of thing before you need to do at least a name change and an S1 registration Danny boy says personally, I don't see them failing. They got rid of the CEO, which is a good first step Yeah, they got rid of the CEO and they got rid of One of their keyboard members. I don't think that's enough. I don't think that that's enough in my opinion They need to do more. I think a name change is warranted at this point. There's too many jokes about can't trust out there They need to do a name change Yeah, Danny boy things that they see motivated to turn this around if not someone's going to buy them out But what would motivate you to buy them out right now? Yeah, all the assets for dirt cheap, but that scandal Will now be a part of your company So do you really want that scandal to be a part of your company? Unless you have some type of 100% assurance that will never happen again, but how do you have that assurance? What guarantee do you have that that's not going to happen again? Was it just the CEO was the bad apple or was he just the fall guy? How many bad apples are involved in this company? I'm not internally involved in the company. I have no idea You know, I was shocked like everybody else to see it happen Every time I seen can't trust or I've dealt with cantrust. It was always very professional Here at the cannabis conferences in Vancouver, they've had Quite frankly, they had the nicest booth. They had the most employees working. They had the best branding They probably spent the most on their booth as well They just look like the best. They look like top five producer so to see them go so far down and Hit a all-time high of $12 and now be at $1.50 It's kind of mind-boggling It's not surprising considering what they've been through But it's a little mind-boggling to think that They were at $12 and now they're at $1.50 So the question is how low are they gonna go? I think they go under a dollar I wouldn't be surprised to see them at 50 cents. I am not a holder of cantrust I'm not looking for this stock to go down. I just want to know your guys opinion I want to know what you guys think you guys like this video smash the like button comment down below share the video everywhere You know, we've been doing this for two and a half years. This is the third company now. That's had this issue So, you know one company year isn't bad considering how many companies are out there But it's just the fact that it was one of the biggest one of the best One of the most professional one of the most recognized brands. That's Why it's so shocking It's the fact that they were one of the biggest boys biggest girls on the street One of the biggest players on the block and now this happens Reefer all joints as worst case would be a hedge fund buying them liquidating them all price drops Yeah, I mean The price is already dropping. We've seen that so that's already happening. They've now lost their license through suspension We have no idea when it will be implemented if it will be implemented How it will be implemented again So this is definitely not a good scenario for investors. This is definitely not a good scenario for Can't trust insiders shareholders directors management employees It's not a good situation But we're in the most Danny Boy says if I invest it won't be for several weeks too much baggage and Sigma of a catchphrase Yeah, there's just so much uncertainty right now surrounding this company. I Definitely don't think it would be a good idea to be investing at this point. I'm not here to tell you not to invest at all It's not what I do. There may be a buying opportunity at some point. I Just think it's important to see the dust settle and see them turn it around and see health Canada Give them that license back Reinstate that license Yeah, I mean too much baggage and stigma of that catchphrase can't trust exactly Which is why I think you need to do a name change or you need to get acquired Or if you plan to do this on your own again and rebuild your brand you need to do an S1 registration repent your sins admit your wrongs Do a name change and start over You're not going to be doing any business for months anyways, so you might as well just come clean Do an S1 registration repent all your sins and do a name change and Maybe come up with a new name based on building trust like Instead of being can trust Maybe call yourself the Phoenix Rising The Phoenix rising from the ashes Something like that, you know something that Gives the impression that You're going to make a comeback or maybe just something completely different altogether, so people just forget Then the day you got to do something You got to do something What's your thoughts on bringing them on rich TV I Mean I would love to have them on rich TV If you guys want to contact them and get them on rich TV, I'd love to speak with them I love to hear what they plan to do. I Don't know if they'll come on our show, but I absolutely love to have them on the show. I would love to have them on our show I love to have any public company on their show or private company in the cannabis sector we are a cannabis enthusiast here we're an influencer and We've been in the sector for a long time We're going to continue to be and good bad or ugly We're going to have an opinion and our community is going to have an opinion about everything that's happening and I think that can't trust needs to do something serious here, but they need to do a facelift Yeah, try to get them on a show love to have them on our show I'd love to speak with them I'd love to speak with the new management and see how they plan to move forward and how closely they're working with Health Canada to clear the air clean their name rebrand And get back out there as soon as possible. Yeah, I mean the sector has been definitely under a lot of pressure This is a newly regulated newly legal sector I must remind you that legalization in Canada has only been implemented for 11 months We're not even one year old the sector is still a baby and it's going to go through ups and downs There's going to be a lot of volatility Not too long ago. There wasn't it wasn't too long ago that Everybody was buying cannabis stocks in Canada and nobody was talking about any other stocks in Canada other than cannabis stocks Now that's changed In my opinion that had to happen If you're in another sector you probably got tired of hearing everybody talk about cannabis stocks I Think the people that make the big decisions the guys upstairs and the girls upstairs that make the big decisions Were tired of hearing so much chatter about cannabis stocks They not they needed to flip the script and turn the sector on its head very similar to what happened with cryptocurrencies If you remember very closely and correctly and if you've been watching rich TV live for two and a half years You know for a fact that cryptocurrency was taken over the world. Everybody was making money. Everyone was talking about it until it crashed It crashed for a year That took a lot of the people out of the game only the real true enthusiasts held on and Then Bitcoin went all the way from 21,000 down to 3000 and then it exploded again back up to 15,000 And now it's come and settled down back around 10,000, but it's still dramatically up from that 3000 mark In my opinion, we are going to see the same thing in the cannabis sector. I hope it's not going to be a year It's already been six months of red How long will we see this? I don't know But there will be a resurrection and when the resurrection comes it's going to be epic It will be epic because the reality is If you're in gold if you're in technology if you're in oil and gas if you're in the car sector if you're in Organic if you're in foods You're tired of hearing about cannabis Because all they were talking about here on the TSX Toronto Stock Exchange was cannabis So the key players the billionaires and the whales and the hedge funds and the money managers and the institutional investors Had to do something They had to do something to slow this down Because people weren't putting money into gas stocks people weren't putting money into oil and gas stocks People weren't putting money into gold stocks people weren't putting money into tech stocks Everybody was putting their money into cannabis And there's no way that they were going to let that happen forever. I'm just saying man I'm just saying man Call me crazy, but I'm just saying now Nobody's talking about cannabis stocks anymore You don't hear all the chatter on the TSX about cannabis stocks anymore. I agree Martha's style reefer all joints as Martha's style Martha Stewart style rebranding is needed for Cannabusted exactly so obviously cantress is gonna have a lot of jokes about their name They need to do a rebranding that which is going to be very expensive. So I know that's probably their biggest fear But the name has been tarnished You need to do something now the name has been tarnished you need to do something now to Start fresh rebrand get your name back out there and Start selling product and start rebuilding trust within your patients within your investors within your partners It's going to take some time. I believe they can do it But they need to take the necessary steps now Start moving in that direction in my opinion If they don't It's gonna be a tough road. It's going to be a very tough road trying to turn this around After everything they've gone through in my opinion Without doing something drastic Yeah, you fired your CEO you fired a director You pulled all your products off the shelves. That's drastic. I agree But you still need to do more You know heard a lot of people make jokes about the name and can't trust You need to really consider cantrust what you're gonna do about that in my opinion At the very least you need to do a name change at the very least you need to do a name change Thank you guys for being here. We got 42 people watching and 11 likes. I don't like that ratio We need to up the ratio guys. Come on. Smash that like button Your boys live more than anybody I Believe that we have more stock market education on rich TV live than anybody on the planet. I Believe we've got more hours and videos of stock market education now for free on YouTube than anybody on the planet and I promise you it's my modus operandi to continue to give you guys more We're going to implement options trading, which I've been doing on the side very quietly and just testing with great results And we're going to be implementing futures trading So if you're interested in options trading and futures trading to other types of trading that I've done and I've had success. 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It's taking rich TV live to Wall Street Which I feel very blessed to even have the opportunity Futures trading is pretty amazing because futures trading we just my partners trade the S&P 500 mini futures And all they do is bet that the markets either going to go up or going to go down And you're making money either betting the markets going up or you're making money betting the markets going down So you're essentially either shorting the S&P or longing the S&P That's coming So stay tuned guys because we have lots and lots and lots of more content coming And that's really our modus operandi here. I've told you guys since the beginning Do not go on buy a stock just because I'm talking about it. Okay. There's a lot of shorters that are watching And they're shorting my pick Don't go up with that stock good bad or ugly Because stocks are gonna go up and stocks are gonna go down and stocks are gonna go around So you have to really understand that my job as an influencer is just to educate the public about all the companies that exist I'm not telling you guys what stocks to buy went to buy them how to buy them I Just want to educate you guys about all the companies that exist And I want to bring you those companies first Sometimes they're gonna go up sometimes they're gonna go down It's up to you to decide what you want to do when you want to buy them if you want to buy them and for us as a