 How you guys doing? This is Rich from Rich to be live the number one cannabis stock influencer in the world and I wanted to thank you guys for joining me here on a holiday in Canada So you see the beard kind of let it grow I'll let it grow a little bit Letting the beard grow kind of similar to letting the cannabis stocks grow I Wish everybody a happy Thanksgiving in Canada happy Columbus Day to everybody in America a lot of people don't know this But Christopher Columbus was Portuguese. It's true. I know Italians are taking credit for it, but he He used the He used the Italian ships But he's Portuguese believe me well after you go up another 40% tomorrow I don't think so, but it's possible. I heard the CEO talking about the fact that He anticipates good results so I Wouldn't be surprised to see them go up 40% but I don't think it will just because the marker right now is under So much negative sentiment. It's like they're stuck in the mud. It's like we're stuck in the mud But in my opinion, this is the best time to buy cannabis stocks in two years There is the these are the lowest prices we've seen in the cannabis sector in two Years so while the prices are coming down for the entire sector for the most part The revenues keep going up Eventually as these prices come down and the revenues go up We are going to meet a situation where these companies are now no longer Overvalued overappreciated overexposed and soon we're going to see a sector where Everything is undervalued underappreciated Underexposed and that's when we see the skyrocket in my opinion all the top cannabis companies are going to double Or our cannabis will double aphria will double canopy growth will double till Ray will double Cush bottles will double Cure leaf will double true leave will double Harvest health and recreation will double green growth brands will double Green thumbs will double When we see the next resurrection All the top cannabis companies will double so the people that get it now are the ones that are going to make bank The people that get in at these levels right now are going to make Bank you can book it these prices are I mean, they're not ridiculously low, but the lowest we've seen in two years It's a holiday in Canada. It's a Thanksgiving and the markets are closing Canada I would not be surprised to see aphria push the markets up tomorrow I think there's going to be some stocks that are going to go up a hundred percent I think some stocks are going to go up two hundred percent some stocks will go up a thousand percent We needed the market to come back down this sector in order to be healthy Needed for these stocks to come down to real valuations based on real fundamentals real revenue and real profit These stocks are not trading on real profit. There's little to no profit in the entire sector We're just starting to now see revenue so now we're starting to see revenue and now we're starting to see some profit, but it's a little profit when we start seeing bigger revenues and when we see bigger profits, you're going to see bigger prices and Everybody that bought at these levels is going to win big But I tell you guys invest in the best because the best is blessed Invest in the best. Don't just buy these penny stocks right now. Don't buy a bunch of cannabis companies because they're low Okay, invest in the best companies Aurora cannabis aphria true leaf cure leaf Green thumb those are the best Those are the ones that are blessed. They give you the best chance to win great companies at Reasonable prices I'm staying away from everything like the till raise that are too high. Can it be gross that are too high the II PRs that are too high The GW farmers that are too high in my opinion. I just think that they're very very risky I do think GW pharma goes way higher, but I am buying anything in the cannabis sector at a hundred bucks I'm buying anything at 20 bucks. I'm buying anything over 10 bucks to be honest with you. I've been saying this since Since the beginning I'm not buying anything over 10 bucks because none of these companies can justify their price point None of them. All you got to do is go to B&M Bloomberg Listen to B&M Bloomberg for a few days listen to when People call in the fund managers. Okay, when they call in the fund managers and they say oh, hi Hi, sir. Can you give me your opinion on Aurora cannabis? They're like Yeah, no, and then they're like why and they say well because I can't wrap my head around the valuations They got no profit, but yet they're trading at this price. This makes no sense This is what I've been hearing from B&M Bloomberg for literally the last two years Now that these prices are starting to come down and down and down and down to almost ridiculous levels Are they really ridiculous or were these prices ridiculous before in my opinion the prices were ridiculous before So now what's happening is they're bringing the prices down to more realistic levels and the revenue is growing and the Profitability is growing while they bring the prices down soon. We're gonna see them at a price where They should be and at that point when we start to see more and more profit growing growing growing and guess what? Edibles legalizations coming which is gonna be more profit. That's an additional 30 to 40 percent profit for all of these companies in Canada Starting in 60 days So in 60 days, they're gonna have even more profit So as the profits keep growing and growing and the revenues keep growing and growing and the prices keep coming down eventually we're gonna see a bottom and Then the entire conversation is going to be different Everybody's gonna come up with article after article coming out talking about how undervalued they are how underappreciated they are How under exposed they are and how it's a great time to buy and how everything could double Just remember who told you first they're all gonna double your boy Remember who told you first they're all gonna double because remember this people are not gonna stop smoking cannabis People are not gonna stop using cannabis products People are not going to stop using CBDs. They're just getting started people are not going to stop using hemp product That's just getting started people are not going to stop using edibles. That's just getting started Do you see what's coming here? Do you see what's coming here? Cannabis infused beverages hasn't even started That's coming edibles hasn't even started That's coming marijuana legalization in America hasn't even really started That's coming Catalyst after catalyst after catalyst after catalyst but what needed to happen was that these valuations had to come down So that the big institutions the big guys and girls that make all decisions at the top They could buy The valuations needed to come down to realistic numbers So that the real investors the institutional investors The big money managers the hedge funds the whales so that they could buy They needed to wrap their heads around these valuations. How can anybody wrap their head around canopy growth? trading at 70 bucks and Losing 1.2 billion a quarter. It didn't make any sense These numbers didn't make any sense. They had to slash the prices down They had to take them down so they could take them up it's a game, okay, it's a game and Eventually the revenues will get bigger and bigger and bigger until it gets to the point Where this is the fastest growing most profitable sector in the world and at that point in time you're gonna you're gonna be too late Everything's already gonna double from here. So this may be the last time I Said maybe I don't know for sure because I'm not the guy that makes those decisions This may be the last time we ever see these prices again in the cannabis sector We may never see these low levels again Because as the prices keep coming down due to the fact that they're overvalued overappreciated overexposed and the revenues go up eventually They're going to be undervalued underappreciated Underexposed and they're gonna have no more room to come down They're only going to go up from there So the key right now is to really really really position yourself in the best companies at the lowest prices These prices are a gift Can it be growth aurora cannabis aphria at these prices is a gift Now just because I say it's a gift. It doesn't mean it can't go lower. It can definitely go lower. I Also believe it can go way way higher But a lot of times they're gonna go lower Before they go higher a Lot of times they're going to go lower before they go higher that's the market and the reality is You know, I can't control the markets I'm just an investor like everybody else what I can do is I can control my emotions and Right now. I'm just sitting on the sidelines and I'm watching these prices go down down down down And I'm sitting and just watching like, okay Let's just keep watching Let's just keep watching. Let's keep watching and Eventually you're going to see the prices hit the bottom Which if they haven't already hit the prices, they're pretty damn close Like we're pretty close to the bottom now. Remember there are a couple reasons why They could go lower. One is tax law season. We're going into tax law season in Canada so anybody who wants to show a loss for 2019 all they got to do is sell for a loss in the next couple months here and they'll be able to show a loss so That's gonna put in my opinion a lot of negative pressure on these stocks over the next couple months So I wouldn't be surprised to see them go lower Initially, I thought that we're gonna see a resurrection in September first week of September we did Since then it's come back down. I think they I'm starting to think That the next big resurrection is gonna come in January last year. We had a huge resurrection in January after months of negative beat downs on the sector Right after legalization. It was just negative negative negative the entire sector got beat down everything went down and then out of nowhere in January everything exploded so We have a lot to look forward to in January like Edibles legalization Which is happening December 17th. It's happening this Thursday in Canada October 17th this Thursday Edibles legalization is official But it will be delayed for 60 days before any companies can actually put any products on the shelves So mid December is when Edibles legalization will actually take place, which means we won't really see any real substantial revenue for companies until January So January February March, I believe is going to be huge for these companies because they're going to start showing Additional revenue thanks to Edibles specifically in Canada in January February March of 2020 so we'll probably start seeing some of that revenue growth in Q2 2020 Q3 2020 so now we're going into 2020 so Yeah, the next couple months are going to be tough. It's going to be a grind I would not be surprised to see it be go down even lower over the next 10 weeks now It's not to say that they can't explode. They could explode tomorrow. Okay? I'm just saying that with tax-selling season coming With all the negative press coming out right now in the cannabis sector with the cantrust Scandal still, you know swerving around and we're waiting for for health Canada to see what they're going to do As far as yeah, they've taken the license away, but will they give it back? Nobody knows. I Still think there's a lot of negative press that's going to hold this down for a few more weeks in my opinion We probably see this stay down until January now. That's my opinion. Hope I'm wrong I hope this turns around tomorrow. I really do I just don't see it happening yet. I don't see it happening yet I still think that The powers that be the elite they want to take these prices lower. They want these prices to go to Real fundamental levels that a market maker a hedge fund a fund manager Mutual fund manager somebody that's in the fund Business somebody that's in the finance financial sector can actually look at these companies Look at their fundamentals and say hmm. This is a good company. Look at their revenue Look at their profitability. Look at their revenue growth. Look at the sector. They're in look at their cost program This is a good investment for me and people can park their money This is the process of going from illegal to legal To going from an illegal business for a century Or longer to going legal in less than a year Nobody said it was going to be easy And there's been huge runs up And there's been huge runs down I think when they're down is the time to buy and when they're up that's the time to sell We got 109 people here in 22 likes. You guys got to get your likes game up, man You guys got to get the likes game up 20 likes Come on guys Who else is showing up here man on a holiday? Giving you guys this education bringing you guys winners every single day for the last two and a half years Citation growth corp another one of my picks that I brought you guys is up again today, by the way Another company that's been going up that everyone has been talking about in our community is medicine man Congratulations to anybody who's been winning on medicine man. They've been climbing up Even though the entire sector has been getting beat up So even though the entire sector is getting beat up. There's still a lot of examples of companies that have done well Oh, we're gonna make it happen. I promise you that just like that. We're up to 47 likes. Thank you guys. I appreciate you guys Thank you guys. We just doubled our likes like that just like that Let's double it again So, you know, I'm gonna be here every step of the way. Um, I fully anticipate after you're having good numbers It could be a catalyst. It could turn things around I honestly feel like this entire sector is down because it had to be I think this entire sector is down because it had to be Yeah, definitely the sector is under a lot of attack But it had to be It had to be The sector had to be under attack because we were overpriced. We were overvalued. We were over appreciated We were overexposed the prices could not Be justified these companies had no profit And in my opinion the way the market works Based on if you look at any company that's on a senior exchange Typically, you're going to see a stock trade $10 for every billion in sales That's kind of typical. Well, there's not even one company other than scott's milk will grow that has a billion in sales There's not even one company Not even one company other than scott's milk will grow that has a billion in sales And scott's milk will grow has three billion in sales 372 million in net income and they're trading over a hundred dollars That's where these companies are going That's where these companies are going Yeah, well in a couple more earnings acb will be profitable that will be at the time when you see acb resurrect until then I believe that we are going to see a Tougher time in the markets and nobody's really going to see anything No one's going to see anything really happen in the sector until we start seeing some substantial profits And the companies that start seeing substantial profits will be the ones that will explode The companies that don't will just consistently struggle And you're not going to see their share prices go up unless they're doing Some type of a marketing campaign Which will be short-lived They'll be short-lived. So a stock will only sustain A high share price if they have good fundamentals to justify the share price so If you are looking to invest in a cannabis company You need to really start looking at their fundamentals. You need to look at their financials You need to look at their revenue. You need to look at their profitability If you listen to any institutional investor, they all say that they are not buying cannabis companies If you're an investor And you're an institutional investor and you're not buying cannabis companies Ask yourself why an investor that invests in stocks that are going to go up is not buying Cannabis companies ask yourself why? They're not stupid. If they have a chance to make money, they're going to make it Why wouldn't they be buying these cannabis companies? Ask yourself that question They can't wrap their head around The fundamentals they can't wrap their head around companies that are trading at 10 bucks 20 bucks 30 bucks and have no profitability They can't wrap their head around it because that's not normal That's not normal for the street So This sector will blow up when the institutions Look at these companies and say okay Aurora cannabis is making 300 million a quarter And their profit is 50 million a quarter Now they can wrap their head around those numbers. Now they can look at it and justify Where it's trading or where it should be trading or where the future price should trade at The market is all knowing Don't think that there's cannabis stocks out there And institutions don't know They know believe me. They know Why are they not buying Ask yourself that why are they not buying? If this is the biggest most exciting opportunity In the stock market in 20 30 years Why are all the large institutions not buying? Ask yourself that ask yourself that Why are all the large institutions not buying if this is the highest most exciting Most lucrative opportunity of our generation They must know something right They are not buying Because the prices are too high When the prices come down which they're down now And they get to a point where they're Justifiable based on companies fundamentals based on companies revenues based on companies profitability Then you're going to see the large institutions start pouring in Pouring in and pouring in and i'm talking about institutions that have billions Only the small ones have millions the bigger ones. They all have billions to invest And then they're not going to buy one or two they're going to buy them all They're going to buy them all and they're going to buy them cheap They're going to buy them all and they're going to buy them cheap Dillon Fraser says institutions are in aphria That's for sure. Why? Because they're profitable exactly And institutions are in aurora and institutions are into canopy growth And institutions are into labs Institutions are going to get into the companies that have the most profitability Institutions will get into companies that have the most profitability Thank you guys for the 56 likes we got 118 people watching happy Thanksgiving to everybody in canada happy columbus day to everyone in america You are watching your boy from rich TV live I am a influencer in the cannabis sector have been for two and a half years. I will continue to be And man, this is a crazy sector. This is a crazy sector. There's crazy highs And crazy lows And there's insiders that are selling stock. There's funders that are shorting stock There's financiers that are doing debt spirals on these stocks And that's what makes the sector so crazy So engaging so interesting so Addictive is the amount of highs and lows in the sector You can make money up and you can make money down I've been telling you guys if you want to make money down you can buy puts You can be buying puts right now on aurora if you think it's going to go lower You can buy puts right now on tilray if you think it's going to go lower You can buy puts right now on canopy growth if you think it's going to go lower You can buy puts right now on hexo if you think it's going to go lower hexo just had some bad news come out Um, they're being investigated by the sec right now That's not going to help hexo So would not be surprised to see them go lower which they are today on that news That's a fantastic put if You want to position yourself in a company that's going to go lower And you know that a company is going to be getting sued Or that there is going to be an sec investigation That's a perfect opportunity for you to either short that stock or put a put on that stock Buying contracts betting that it's going to go low and making money on the way down Another way to make money in the cannabis sector if you think it's going to go lower is the hmji etf You could purchase the hmji etf which is the short etf And as the sector goes down you could be making money on friday the hmji etf went up 8% 8% and i told you guys about them the week before telling you hey if you think that this market's going to go down HMji etf is a great way to make money Since i said that and made that video the hmji etf is up 10% So it's gone up another 10% since i brought you that video And that's really kind of what i want to do is use this as a platform to educate people about this sector clearly if you're Buying stocks in the cannabis sector to make money and you want to make quick money Buying long term for these stocks is very risky because we don't know when it's going to get better We don't know when it's going to get better nobody does So just buying these stocks right now and hoping for the future is not the best way to make quick money Okay Why isn't sena price updating? In canada the market's close today. You got to look at the us symbol If you guys want to look at cannabis stocks today, you got to look at the american ones Zenibus symbol in america is zb isf That is the american symbol for zenibus But this is a new sector the sector is going to go through ups and downs It's definitely going through a downtime right now, which in my opinion is actually a really good thing In my opinion, this is a good thing Can I cover extraction stocks? Well, I think everybody knows I love labs. I've been loving them since the beginning I'm a very big fan of valence grow works Pump is okay. They got a lot of shares to shoot not standing I also like radiant technologies even though they've done poorly and the stock hasn't done anything I do like their technology and I think radiant technologies long-term is going to do very well I like fire. I like the underlying business and fire. They just suck with their stock They're like a lot of the companies right now. They just are struggling to do anything with their stock But I really like the underlying business Yeah, I think after your earnings are going to be strong tomorrow I anticipate their earnings to be very strong If I had to pick just one pot stock to break out, which one would it be? um I think a roar is going to go way higher I think a roar is going to go way higher I think aphria is going to go way higher I think cure leaf is going to go way higher. I think true leaves going to go way higher I think green thumb is going to go way higher. I just gave you guys five Adrien asks rich fsd split your thoughts. I don't like splits Um, I think in this situation, they really had no choice Uh, clearly they can't control all the selling which is funny because I mean It's their company. So when you can't control the selling it shows you kind of You know, they've lost control. Um, but yeah, so FSD pharma does a reverse split stock is going to go way higher amount of shares are going to go way lower in In theory, this is a good thing, right? In theory, this is a good thing because it can have less shares less solution higher share price however What we've already seen with fsd pharma is that and what we've seen in the past from Me being involved in many reverse splits over the years is that 99.9% of the time companies that do reverse splits fail right after the reverse split And they go right back down right after the reverse. Why? Because shareholders don't like it when the amount of shares they had Shrinks. So all of a sudden the company does a hundred to one reverse and then a hundred thousand shares All of a sudden now they have a thousand shares people don't like that They don't So a lot of times what people do is they're going to sell before the reverse which we saw on friday tons of selling And they're going to sell after the reverse This is pretty standard 99.9% of the time this is going to happen The 0.1% that actually works It's because the company actually has a plan The company Is going to do everything they can to make sure that after the reverse that they're going to keep the share structure tight They're not going to be diluting the stock that they have to buy it back themselves that they have to In order to get the stock going in the right direction If they're able to get it going in the right direction post reverse It could be a huge success because at that point in time they're going to have way less dilution Way tighter share structure Higher share price should be easier for them to raise capital. There's a lot of positives But a lot of times what happens is right after the reverse Everybody starts selling and the stock will go right back from let's say goes from five cents to a dollar It's going to go right back from a dollar back down to five cents And then that turns into just the worst nightmare you could ever imagine and I've seen it many many many times No zina is not profitable yet And that's why it's easy for these market makers to take these stocks under a dollar Because how can you justify being trading over a dollar if you have no profits? And like I said in my opinion based on being around the markets for a long time A company should trade at a dollar for every 100 million in revenue So if zina is at 25 million in revenue They shouldn't be at a dollar anyways Because they're not even at 100 million in revenue and if you want to trade at 10 dollars You should be doing at least a billion in revenue And none of these companies are doing a billion in revenue with the exception of scott's miracle grow Which is doing three billion in revenue has 55 million shares issued outstanding 372 million in net income and it's trading at a hundred dollars That's the markets so If you want to be scott's miracle grow you need to get into the billions in revenue And you need to get into the hundreds of millions of net income If you want to be at that level And that is the example that every single canada's company should be aspiring to in my opinion Yeah, I think a lot of these companies are going to go down based on the fact that their revenues are nowhere close to where they should be And that's why a lot of people are still saying that these companies are overvalued That's the thing kronos group doesn't make a lot of cash not yet Doesn't have a ton of revenue yet, but they've got a billion dollar partner behind them Similar to canopy growth and that's why the prices were so high But if you ask an institutional investor all the institutional investors will tell you that they're not buying canopy growth in kronos group Because they can't wrap their heads around the valuations Is acb overvalued in my opinion? Yes In my opinion everyone in the cannabis sector is overvalued Everybody And we needed the sector to come back down to real valuations so that real investors can really position themselves What we're seeing right now in the cannabis sector is that the risky investors are getting in guys like me Um cannabis enthusiasts are getting in people like me But it's not the real street guys that are buying canopy growth Okay, the real hedge funds the real institutional investors the real Big players on the street the only thing they're doing right now is shorting these stocks and buying puts That's a fact Because they can't wrap their heads around these valuations Yeah, in my opinion a rural cannabis is still overvalued at four dollars Because a rural cannabis has no profit until they actually show profit They're overvalued The street wants profitability And until they actually show profits they are overvalued Yeah, you made a hundred million in sales, but you still lost money. There's no profit The street wants profit. I mean it's possible for everything to go lower If a stock like zina goes from 680 to 60 cents, why can't they go to 30 cents? Why can't they go to 10 cents? They're going to go as low as they go. I can't control that All I can do is when I see them get really really low and I feel like they're at the bottom I can buy a bunch of more shares cheap I can buy a bunch of more shares cheap. So in my opinion This is the best time for investors to get into the cannabis stocks Thank you guys for the 67 likes. We got 118 people watching If you guys haven't hit the like button, please smash the like button share the video everywhere We are talking cannabis stocks It's been crazy for the last seven months A lot of people have been panicking for the last seven months But in my opinion, this is the best thing that could have ever happened to the cannabis sector We needed this to happen to start getting all the big boys From bay street and wall street investing in our sector And believe me, it's coming It's coming because at some point these companies are going to start to show profit And when the profits get exponential and they just keep growing quarter over quarter That's when you're going to see these companies explode. Look at true leave. True leave is a great example Other than scott's miracle grow that the number one most profitable company in the entire sector Over the last two months. Well, everybody's been falling true leave has been climbing And I told you guys they were my number one pick in august Told you my they were my number one pick in september And I told you they're my number one pick in october and over the last three months What everybody else has been falling true leave was falling And now they've been slowly climbing up what everybody else is falling True leave has been climbing and I told you guys why because they're profitable They're profitable profitable companies will be the biggest and the best companies in this sector Yeah, but you know what the problem with tilt is tilt has amazing sales tilt is another zenith tilt took four businesses one two Three four and said let's amalgamate into one Then All four companies receive shares So guess what they're doing? They're all fighting each other to sell those shares Those people from those four companies that came together are all fighting each other To sell shares it's driving the price down This is the problem with these companies They understand how to grow weed some of them They're very good at making revenue in the weed business But they know nothing about the public sector And when you take four companies and you give them all shares say all right everyone go to town They did and they went to town so aggressively that they took the entire price down They cratered the price of tilt In my opinion tilt is one of the most undervalued companies in the entire sector But as long as you have all of those people selling shares It's going to continue to take the prices down It's going to continue to take the prices down You got four companies everyone's been issued blocks of shares Everybody's fighting each other to sell. What do you think is going to happen? It's Armageddon And the brokers have those shares on their desk. They see oh Can accord's like okay. There's four people from this company all trying to sell They call up their buddies In Zurich say hey Um, I got all these shares on my desk. I got a hundred million shares and these guys all want to sell Maybe you guys should short So they call up their buddies in Zurich in germany tell them to short They start shorting that stock all the way down from two bucks down to wherever it's at right now At some point they're going to cover and it's going to come back up but it's just ridiculous the amount of Games that are being played in these markets If I bring a limit it says I pick up 50 shares of cgc for 17 dollars 1798 us I never thought I would get them so cheap It's a perfect time to load up. See you're thinking smart thinking smart and canopy growth is got more institutional funding and more institutional investors than anybody They got more institutional investors than anybody So They are like The mothership as far as cannabis stocks They got more institutional funding More institutional investors tied up in that stock than anybody because they were the first They were the first And they were the biggest And that's why everybody's poured into canopy a lot of people right now are making money shorting canopy Since bruce linting off fired canopy was the short Canopy is down over 50 percent since bruce got fired. That was the short Joe cracker says do you think zena will be a top 10 company within five years? I think zena has what it takes to be a top 10 company as far as the underlying business As far as a stock is concerned. I'm disgusted with the way management is managing their stock disgusted Well, I think that anybody that's a cannabis stock investor or enthusiast Is going to go through ups and downs over the next few years as this industry matures But if you give yourself some time and you give the industry time to grow and mature And flourish you will win big you will win very very big Remember the uh the dot-com bubble Out of the dot-com bubble what came out of it amazon google Facebook These are all companies that thrive off of the internet without the internet these companies don't exist twitter These companies don't even exist without the internet and some of these companies are now the biggest companies in the world I anticipate the same thing happening in the cannabis sector Not only will these companies become powerful players They will be some of the most powerful companies in the world. I'm talking about canopy growth I'm talking about aurora cannabis. I'm talking about afria I'm talking about Cure leaf. I'm talking about green thumb. I'm talking about true leave I believe that some of these are going to talk about c-web Tilray these are going to be some of the most powerful cannabis companies in the world Yes, I did hear about fsd pharma doing a reverse and like I said, I think in their situation it might be a good thing Um, however in 99.9 of the time when companies do a reverse split it ends up in ruins so I would be very careful with fsd pharma. They've clearly turned into a nightmare Drinks and edibles are going to be a giant says five finger limited. I agree with you 100% I agree with you 100% Yep, the cfo for axo resigned Yeah And whenever you see a cfo or a ceo resigned from any company, it's always bad news Yeah, I wouldn't be surprised to see more bad news to come But like I said this before and I'll say it again When this type of bad news comes it's an amazing buying opportunity You were in a wedding this weekend and everybody was eating edibles Yeah, that's the future man. That's the future Edibles cbd's cannabis infused beverages Old people young people middle-aged people. Yeah, I'm not surprised What do I think about green growth brands? Well, I was the first one to bring green growth brands Um, I think they have a great ceo. I think they're in the right business in the cbd space I think they have huge upside. I really really like them. I like them a lot So yeah, hold in there hang in there. This cannabis sector is only going to mature and get bigger and better I mean, it's hard to justify what anything share price is when you're showing losses Gotta show some profits Well, hey man, you know what the sector is gonna go through ups and downs and when it's down You know, I'm gonna be here and when it's up, I'm gonna be here and when it's down I'm gonna be telling everyone to buy and when it's up. I'm gonna be telling everybody to sell And this is not the first time it's been down and it won't be the last And when it goes up, it won't be the first time it's up and it won't be the last No, no updates on so come on minerals minerals So I just wanted to Say what's up to everybody? Everyone's been wondering where I've been all weekend. It's been a long weekend I didn't really want to bother with too many videos. I didn't really feel like there was that much to talk about More negatives and positives recently However, through it all we have identified some winners Citation growth corp brought it to you guys. It's now 46% since I did my first video It's been flying. I'm gonna continue to find you guys winners. We're gonna continue to do due diligence. We're gonna continue to Educate the public about cannabis companies. We're gonna continue to bring the news good bad or ugly And we're gonna be here. We're gonna be here every step of the way We're gonna be here every step of the way And I foresee a day five 10 20 years down the road where Everybody that's investing now and learning about these stocks and everybody that's positioned themselves in this sector Are going to become very very wealthy Very wealthy because we are mastering this sector We are mastering this game Two and a half years ago. I didn't know this much about the cannabis stocks. I was just learning Two and a half years later. I feel like I've started to learn a lot more about these companies Uh, I feel like we're getting more and more in depth with what it's going to take to Identify which are going to be the winners and I think if you look back Two and a half years ago to when we started to where we are now I think like we are so in the right lane You know like yeah, I mean five years ago It would have been nice to get in but nobody really knew like five years ago When I was talking about cannabis companies and I would go to a broker and try to deposit that stock They wouldn't even take it You couldn't deposit a cannabis company five years ago. You couldn't You couldn't deposit a cannabis stock four years ago. I don't even think you could really deposit a cannabis stock Yeah, maybe about four years ago. It started where you could actually deposit those stocks So we've come a really long way a lot of people don't understand you couldn't even deposit the stock Now we're getting to the point where not only can you deposit the stock But there's cannabis companies that are on the senior exchange The nasdaq and the new york stock exchange would come a long way in four years From not being able to deposit the stock to now being on senior exchanges And now that we're on a senior exchange Now that we're playing with the big boys What's the next level now the banks need to start funding these companies the safe banking act in america? So big because if they can start actually funding these companies now we're going to go from Not being able to deposit the stocks To being able to deposit the stocks to actually having them listed on a senior exchange And then actually having banks investing in them in america and canada and internationally Hey, man I don't know about you guys, but I see progress. I see it everywhere Now, yeah, they probably got overhyped. They got over promoted overexposed Overappreciated people made tons of money on the first wave up congratulations Now we're waiting on the next wave where more institutionals will get it More big money is going to get it more investors. You're going to get More and more money is just going to keep pouring into this sector And as that money starts to pour in the sector, we're going to see them explode again And when they explode from these prices, I anticipate the upside to be anywhere from 50 to 100 on the low side to 500 to a thousand percent or higher on the high side That's how much upside I see coming in this sector because remember they've been dragging them down based on Little to no real fundamentals while the revenues are growing Soon the revenues are going to be so big that they're going to be undeniable And then the profits are going to be big They'll be undeniable and then they're going to be undervalued underappreciated underexposed and then you're going to see them skyrocket They can't go down forever while the revenues are growing. It's not like they're coming down while the revenues are going down They're coming down while the revenues are skyrocketing Delta nine is a great example. I was talking about delta nine last week delta nine revenues grew by 11 100 percent in one year 11 100 percent in one year That is staggering growth That is staggering growth Staggering growth Yeah, you know if you're an investor and you see companies that are growing by a thousand percent and they're going down You know at some point It's going to hit the bottom because the revenue is going to keep growing And now what is essentially being said is revenue is not enough. We want to see profit We want to see profit We want to see profit so All right cannabis companies It's time to show profit time to flex your muscles time to show the world what you guys are capable of Everybody knows the cannabis sector is lucrative. Everybody knows that there's tons of money to be made in the cannabis sector The key now is these companies need to start turning a profit And then once they start turning a profit those profits need to grow quarter over quarter over quarter A year ago, we were not even close to where we're at We weren't we weren't even close to where we're at despite the fact that we're way lower We are not even close to where we were a year ago. The revenue growth has grown exponentially For the majority if not all of these cannabis companies that we talk about every day So where are we going to be a year from now? Companies that are doing 100 million a quarter like Aurora cannabis We'll probably be doing 200 million a quarter By this time next year companies like Zenibus that are doing 25 million a quarter We'll probably be doing 100 million a quarter by this time next year. That's the growth potential It's exponential growth And at that point you would hope that these companies will start showing profitability And at that point that's when you're going to see a lot of these stocks start to skyrocket And trade Where they should based on their profit Thank you guys for watching. I hope you guys have a fantastic Thanksgiving, I hope you have a fantastic Columbus day Everyone that's watching all over the world. Have a great day Don't panic. Don't get concerned with where the prices are to date. Okay If you got caught buying too high Be patient wait for the turnaround because it's going to come If you've got a really good company that you like and you feel like it's really low And you feel like the prices are a gift My opinion is buy more at those lower levels lower your cost get a bunch of cheap shares So that when the stocks skyrocket, you'll be able to take your profits off the table And stay in cash and then wait for another Apocalypse in the cannabis sector because it seems to happen quite readily and That's the time to buy like right now if you're in cash, it could not be a better time to buy Really, this is the literally the perfect time to buy now in saying that it could go lower It could still go lower folks. We could still go lower And that will be even a better buying opportunity But just because we can go lower It doesn't mean that we're not going to go higher because when we do go higher and we will It's going to be epic It's going to be epic mark my words and don't say I didn't warn you and don't say I didn't prepare you And don't say I didn't educate you because that's all I've done since day one And we're going to be launching a options trading course So very soon you guys will be able to make money on the way down You guys can buy the h.m. J.I. E.T.F. So you can make money on the way down And you guys can short stocks too So if you want to make money and you think that these stocks are going to keep going down And you want to follow the trend you can short stocks You can short cannabis stocks and you can make money on the way down too Okay, guys. Thank you guys for watching. This is rich from rich to be live If you're not winning you're not watching we're bringing the winners and we'll bring them to you first Look at citation growth corp brought it to you last week. It was up thursday friday up again today Bring your winners. We'll bring them to you first. It's true your boy rich from rich to be live And i'm out peace Happy thanksgiving everybody. Happy columbus day. I'm out