 What's going on everybody? Aaron here from Cardinal, you're here with Rich TV Live, how you doing Rich? I'm doing great, how you doing buddy? Good, good, we're actually seeing some green today. Yeah, I mean, it's not a lot of green, but it's better than what we've been getting, right? So, I mean, a tiny bit of green is better than that 20% drop, right? Yeah man, it's been definitely a great buying opportunity for everybody involved, but I think that what we need to do is we need to stay patient right now, and we are bottom hunters, so when people are crying, that's when we are buying. So realistically right now, we are seeing a lot of unbelievable buying opportunities, and what we are seeing right now, I believe, is an early correction. Yeah. I think it's like, well, how do you think financials are gonna be this quarter, like as we get into earning season for the cannabis stocks? I think they're gonna go ballistic. These companies are all legal now, they can sell cannabis. The OCS, the Ontario Cannabis Store has been getting sold out, so they're not having issues with sales as far as interest. They're having issues with demand. They cannot meet the demand. They don't have enough supply to meet the demand. So this will get ramped up. Yeah, in terms of economics, I mean, that's a good problem to have for the companies. Absolutely. Of course. I believe that they're gonna get ramped up. It's brand new, it's just getting started. Everything has gone down because everything was overvalued. Yeah, it's true. Everything was overvalued. We knew this. Everything's trading at 250 times revenue. Aurora Cannabis was trading at 250 times revenue. Cannabis Growth was trading at 250 times revenue. Tilray was trading at 250 times revenue. Now they're coming back. They're still trading at 100 times revenue. Yeah, there's still high, high, high multiples, but I think, well, it still could come down a bit more, but I hope that the sell-off has, like we've seen a massive sell-off, so. Eventually we're gonna find the floor. Eventually we're gonna find the floor. Yeah, I mean, we've gotten a lot of it. I hope we've gotten a lot of that correction out of the way so far. Well, if you look at Cannabis Growth, you will remember at this time last year they were under $10. They went to 70. Now they've come back in the 40s and everybody's panicking. There's still up 400% since this day last year. 400%, what do you think is gonna happen? Look at Aurora Cannabis. At this time last year, what were they priced at? Yeah, what was Aurora last year at this time? I believe it was probably around the same price, maybe a little bit lower. I think it was lower. I think it was like at two, three, four bucks at this time. So it still was lower than what it is right now. Now it ran to 15 and fell and crashed, as of January 9th, everything crashed last at the beginning of this year. And we saw Aurora at 15, then we saw Aurora go all the way down to five in August and we saw another epic run all the way to 16 again and now we saw it go back down to seven. So this is what it does. So when you see it do what it does, how can you honestly be so surprised? Yeah, I mean, I've been saying it for the last week or two, history is repeating itself, but people never, when you're in the crash, you're freaking out. I mean, I can understand if you started buying it when it was in the double digits. Like, I mean, I'd be pissed off, I'd be freaking out too, but I mean, at the same time, you're just kind of jumping on that wave of speculation and hopefully making some money, but that's when you have to set your stops, I think, personally. Well, how many times do we say buy in the red, sell in the green? Yeah. Buy in the red, sell in the green. And then things go down, everybody's panicking and like, guys, what are you panicking? We've been waiting for this. I always say buy in the red, sell in the green. Now obviously, when everything goes down, do I feel good about it? No, I feel like crap comes. Yeah, of course. I was feeling sick yesterday, I couldn't eat, okay? So I'm not good when anybody loses money. Let's make that very clear. Yeah, me either. However, however, this is the time to buy when everything is beaten up and everything is chewed up and everything is getting decimated, that's the perfect time to buy. It doesn't matter from the housing sector if you're in cryptocurrencies or if you're in cannabis stocks. When things are beaten up and things are down, that's when you buy. When everybody's crying, that's what I'm buying. That as an investor, stay in the cash and when things are down, that's what you buy. I mean, just ask anyone who's made money in any markets. That's how you make money. Yeah, exactly. I mean, when everyone feels like it can't get any worse and maybe it can't get any worse then that's definitely the time to buy because the tides, it's amazing how fast the tides change. I remember the day when Aurora hit five bucks, I was buying Aurora in the eights and then it went all the way down to five bucks and I said, this is, you want to throw in the towel but you guys stay strong and stick with it and then it. And then look what it did. So yeah, I mean, it doesn't surprise me. Yeah, I'm just saying like right now everyone feels like things are just, it couldn't get any worse. No, it can get worse. Should I sell my shares? No, no, like, I mean, especially not now. I think it can get worse. If you need to sell shares because you need the money then sell your shares. Yeah, exactly. Like don't stress out about it, just sell it. Put a 10% stop loss and sell it. Get out of the stock. I'm in the market. We have a CBD company. We have a media company. We have a data company. We have a co-packaging plant. If your cannabis company and you need any of those things, holler at your boy, we're in the game. We're not just investing. We're not just investing. We've got a media company, co-packaging company, CBD company, CBD water beverage company. We're working with licensed LPs and we're gonna be announcing a lot of these partnerships very, very soon. So trust me when I tell you guys, I ain't going nowhere. I don't care if the market goes down because I know it's gonna go up. And I wanna be here to see the bottom. I wanna be here to buy the bottom. And when it's really high up, instead of beating my chest and talking about how great I am, I wanna be selling. So when Aurora was at 13, I told everybody I was selling. Everybody's like, Rich, why are you selling? I'm like, well, look at the chart. Just look at the chart. It's approaching a 52-week high. So I'm selling. And then everyone's like, when are you gonna buy Aurora? I'm like, when it hits the floor. When's the floor? I'm like, I'll tell you when I see it. Haven't seen it yet. This doesn't necessarily mean it's a floor just because we've seen a little green and we see a little red. I don't know if this is the floor. I don't know. We'll see. I can't tell you this is the floor. We are bottom hunting. I will tell you when I see it. Haven't seen it yet. Yeah, exactly. We'll see what happens. I mean, like we said, today's a lot better than yesterday and we'll take it day by day and see what we see. So two more interesting stocks. Next one we can talk about quickly, Afria going on the NYSC, so that's some new news. I think that's great news. I think first we had obviously Chronos Group, they were first to go through the NASDAQ. Then we had Aurora Cannabis. Sorry, then we had Cannon Growth. Yep. Then we had Tilray. Yep. Now we have Aurora who's just gone to different stocks. So just to interrupt quickly one second, why do you think Aurora was just bad timing as to why this stock has fallen so far? Yeah, I don't think it has anything to do with the listing. It was just the timing of the market. The market is collapsing. It's resetting, it's consolidating. The whole market did. Because everybody's like, oh, Aurora is dropping because of the listing, but honestly, everything's dropping. So that's not just... It has nothing to do with Aurora. Aurora is part of this industry. The whole sector went down 15% yesterday. So clearly Aurora is going to go down. Regardless of whatever sector, whatever index they're on, they're going to go down. So it is what it is. But when the sector gets really, really hot, we're going to see them resurrect. And this is only going to create more interest in Aurora because everybody that thought they were overvalued, hence the institutions, wink, wink, are all loading up, obviously. So you think it was orchestrated by the elite, maybe? Wink, wink. I mean, come on. I don't control the markets, guys. I tell you, I don't. There's way bigger guys than me out there. You know, like, there's way bigger guys than Andrew left, too. Andrew left has power, but he's part of the industry. He alone cannot take this industry down, and he knows that, right? I alone cannot take this industry up, and I know that. But as a unit, as a whole, we may have lost the battle. Short-term, we may have lost the battle, but let's remember two, three weeks ago, we hit all-time highs for the sector. So when the stock goes all the way up to all-time highs, what's the natural thing that's gonna happen? It's going to have a correction, and then it's going to do it again. So I honestly believe that we are going to see a epic rise between now and Christmas. Mark my words, you heard it here first. I believe we will have an epic rise between now and Christmas, just a gut feeling. You heard it here first. That would be very nice. And I'm sure everyone would be happy about that. Well, what goes down must go up, right? What goes down must go up. And we just, three weeks ago, we had all-time highs. Three weeks ago, now everybody's jumping off the ship, like, oh my God, this industry is crashing. I'm like, no, it just started. No, it just started. It actually just started, and these companies are actually able to sell weed now. Yeah, I know exactly. What is it? One of the companies, Alcana, in one day made like $1.3 million in sales. Wait until we- We've done it in only eight stores or something like that. That's right, wait until we start seeing all these companies show revenue. Just wait till you guys see what's happening. And I was on the phone with a license LP yesterday. You know who I'm talking about. And trust me when I tell you, they are going to explode. You can ask me who they are. We can talk about it right now, actually. Yeah, sure. I mean, yeah, let's talk about it. I mean, you were talking with, who was it? Sean Dullinger of Namaskar. Yeah. Yeah. So let's hear about it. So yeah, I was speaking with Sean and I'm just very impressed. I believe that he's the type of CEO that thinks big. And he reminds me of like Jeff Bezos of Amazon and how they want to be the Amazon of the cannabis industry. I think the way he was speaking with me falls in line with that. And he wants to build a $100 million company in revenue, in revenue, in real revenue. And he said to me, he said, Rich, if we build a company that is doing $100 million a year in real revenue, how can you not say that we're worth at least a billion dollars? That's 10 to one revenue. 10 to one. And the cannabis sector is trading, we know 25 to 100 to one. Yeah, yeah, yeah. So do the math. And that's all I can say. I mean, I'm not gonna disclose too much. All I can say is Rich TV Live is very, very excited about having a relationship with Namaste, whether that is through collaborations and videos, whether we find a way to work with them and bring them CBD partnerships, CBD distribution opportunities. However, we can work with them. We wanna be able to provide value for Namaste and for all the companies in the cannabis sector. And in all of the sectors in the globe, not only Rich TV Live, but Departures Capital, we are working with the companies globally to bring you guys awareness, to bring you guys exposure, to help you get identified, to help you become not so undervalued, not so underappreciated and not so under exposed. We wanna help you create value. I think you've done an amazing job, Aaron. Honestly, I'm really impressed with your channel and your growth. And you've really helped my channel as well in a lot of ways. And I think this collaboration is great. And I feel that we are going to be doing some crazy things in the next couple of months that you guys are gonna see and you're gonna see a lot more collaborations with other YouTubers. You're gonna see collaborations with licensed LPs. You're gonna see collaborations with public companies. You're gonna see collaborations and news breaking on our channels with these companies. So we're really excited about the future and we're in this industry, we're in this game and we're not gonna run, we're at war and when we get under attack and we're bleeding, trust me, we're bleeding just like you at home and we're not happy about it. So we're gonna work really, really hard to find the bottoms so that we can make money in this time so when it resurrects and it explodes, we can all profit and we can all maximize on this downturn. Cause that's what this is about. Take the emotion out of it, leave your, check your emotion at the door. We're bottom hunters, we're gonna buy in the red and we're gonna sell on the green. Rinse, repeat, rinse, repeat, rinse, repeat. So you make money. Exactly. Like you see all these huge institutions pouring hundreds of millions and billions into companies. At certain prices, do you think that they're willing to take an L? Yeah, no, they're not in it to lose. They're not investing millions of billions of dollars. Well, what price did Constellation Brands buy Kennedy Growth at? 38. Okay. Wasn't 38? Around there. So you think it's gonna go much lower than that? I'm just saying, you know what I mean? Like you gotta, success leaves clues. No, it's true. Take a look at all the big institutions, look at the prices they've invested in these companies. And if they're down, you have to know at some point they will go up because these institutions are gonna do everything they can to make sure it does. Oh, for sure. I mean, who spends over four billion for just because, oh yeah, well, if it goes down, no, I don't think that's gonna happen. They got enough money to take it up themselves, believe me. Yep. I think so. So yeah, this was an awesome collab. I think we're much more positive this time. I think this is what everybody needed in this time. You know, the past two weeks have been rough for any canvas investor. For sure, for sure. So let's hope for at least some stabilization, whether we trade sideways or eventually make, start to pick back up, that'd be ideal. So always great collabing with D-Rich. All right, guys, remember, if you're not winning, you're not watching. Rich Studio Live is strictly for education, entertainment purposes, do your due diligence, do your research, invest with caution, buying the red, the deep red, selling the green, taking the emotion out of it. We are freedom fighters, we're fighting for your freedom. And yeah, we may have lost the battle, but we will win the war. That's what I'm talking about. Have a good day, Rich. All right, brother.