 Hi guys, this is rich from rich to be live. I am I ombra. I am on my Hawaii iPad or tablet and I wanted to test it out for the first time see the quality of the sound You guys can see me this is the tablet so Cannabis stocks crashed Again, which has been the trend for the last five months We knew this would happen because we're still in August the last few days and I think we all know that it's because canopy growth keeps going down now. The question is What do we do about it? Right, can it be girls gonna keep going down? So what are we gonna do about it? right canopy growth is gonna keep going down. So what are we gonna do about it and how is How are things gonna change in the sector? This is a Very concerning situation with canopy growth I mean they had a massive drop today and It seems as though every time canopy growth goes down the entire sector goes down so I'm gonna be honest with you. I am kind of concerned right now And I feel like canopy growth might be putting a little wrench into our plans Because when you have the biggest When you have the biggest company by market cap in the entire sector and They are losing that market cap. They're losing their credibility. They're losing their power and their control In the sector That's gonna hurt the whole sector and the reality is canopy growth right now because canopy growth is struggling They are hurting the entire sector that's a fact and As long as canopy growth continues to go down, I think everything will continue to go down That's my opinion. I think as long as canopy growth keeps going down everything learned about it because Can it be showing some massive losses and if they want their stock to go up they're gonna have to show profit and Apparently their CEO came out and said that they're two years away from profitability And if they are two years away from profitability, then it's gonna be a really bumpy ride for canopy growth for the next two years Alfonso, the lapenia says we need Aurora to step it up. Yeah, I think Aurora will do well and They could save the sector right now from just obliteration But the thing that I'm concerned about is Tilray and Canopy growth those two have been falling Free falling Tilray from 300 all the way to under 30 can it be from 70 all the way down to 30 $31 wherever it's at right now. It's very concerning and I feel as though they're bringing down the entire sector and They have no CEO right now. They haven't hired a new CEO. Oh, they fired Bruce Linden. What June 4th, June 5th, I mean What a joke I mean since they fired him it was at $53 when they fired him since they fired him The stock is down 40% So let's just admit now That it was a mistake You guys should not have fired Bruce Linton just admit it was a mistake Could you just admit it was a mistake? You should not have fired Bruce Linton? Okay? Just admit it You know hire him back hire him back The sector needs it clearly hire him back Pull a Steve Jobs Apple did it it worked for Apple. Why can't it work for canopy growth? Can it be growth if you guys are listening? hire Bruce back Bruce's heart is with canopy growth. He's buying the stock man What else do you want from the guy? It's crazy. It's absolutely nuts and Can it be growth when they're going down and they've got the largest market cap in the entire sector to meet its equivalent to when Bitcoin goes down? Bitcoin it's got the largest market cap in the cryptocurrency world when Bitcoin goes down all the altcoins go down okay, when Can it be growth goes down all the other stocks go down all the other stocks go down? That's a fact So it's a major problem. It needs to be addressed So I'm just using my highway Tablet this new tablet. I just got just want to test it out Let me know if you guys like the phone quality or the tablet quality the camera quality Testing it out. I'm looking at the markets today, and I'm just like what the hell is going on here I guess like what the hell is going on here They better take them back Can it be growth hire back Bruce you guys need Bruce Since you Fired Bruce you guys have sucked Let's just be honest your stock has sucked since you fired Bruce your stock has sucked Facts those are facts. I'm just trying to be factual I just want to be factual Since you fired Bruce You guys have sucked That's the fact and you've brought back down the entire sector with you No, I know the lighting is messing up. I'm just learning how to use this tablet. Okay. I apologize my first time I don't know why the lighting is going in and out um Good video, but it has light stability issues Hey, man, if you're focused on the light man, I don't know what to tell you man I don't know what to say. I'm focused on the content. Let's focus on the conversation. Okay. Let's focus on canopy growth Let's focus on canopy growth. What the hell is going on with canopy growth They fire their CEO the founder the guy who created the company They just fired them discarded them tossed them to the side like trash At $53 The stock has come down to where it is now $31 Since they fired him like What do you guys do? Then you go and you report a 1.2 billion dollar loss Like hello McFly. Are you kidding me? Are you kidding me? A 1.2 billion dollar loss So you fired him because he was spending too much money You fired him because you wanted to show profit And then immediately after you fire him the stock goes from $53 to 31 and then and then On top of that you then follow that up by dropping a 1.2 billion dollar loss It's a head scratcher It's a little bit of a head scratcher and when canopy growth had bruce at the helm They were the best There was no doubt about it. They were number one Say whatever you want spending money losing money. Whatever you want. They were number one Until you fired bruce linton You guys were number one until you fired bruce linton. You were number one by so far It didn't look like anyone ever have catch you And then you you fired bruce linton Kind of a head scratcher It's got me scratching my head. I'm a little bit confused You fired the guy from his own company that he built that he made number one And you have not hired another ceo since That's a head scratcher The stock has gone down from $53 to $31 That's a head scratcher Then you go and you report a 1.2 billion dollar loss Like What are you guys doing over there canopy growth? You guys said that you could do it better without bruce. I heard all the analysts I came out and said it was a huge mistake day one Day one see the videos rich dv live Take a look at the videos Take a look and and Everybody on tv was like this is a great move for canopy They're gonna skyrocket now great move for canopy. They got rid of they got rid of the the loose change They got rid of the canadian He was the problem The problem they were number one Canopy was number one. In fact, I made a song you want to hear it? We made a song Because bruce was The king of the street He is the king of the cannabis sector the fastest growing sector in the world And you guys discarded him like trash and threw him to the curb Thank you guys for the 12 likes 59 people watching and joining me here in the last 10 minutes Thank you guys for joining me here today. I appreciate you guys. I love you guys You guys are the best, but I'm scratching my head today I'm scratching my head. I'm confused. I'm perplexed Canopy growth is going down every day They fired bruce. They're down 40 percent says they fired them They report a 1.2 billion dollar loss They have not hired a new ceo What do you what are you doing? canopy growth What are you doing Re hire bruce. Yes frank rehire bruce. Should we start the rehire bruce? like Petition or something does the cannabis sector have to start a petition To make people realize that canopy growth needs bruce linton bruce linton is buying your guy stock That you clearly I don't want to say it I don't want to say it, but man you guys are clearly fucking it up You fired the canadian get rid of that loose change. He's just canadian Forget about that guy. It's canadian Get rid of that canadian loser billionaire Leader of the cannabis sector number one in the world. So what let's just discard him He has no value We don't need him Hell yeah, you rehire him You offer him a billion dollars to come back That's how bad it is. You guys just lost 40 percent of your market cap 40 percent Of your market cap Would you even think about rehiring him? Of course you rehire him You guys clearly don't know what you're doing clearly But as an investor it's a great buying opportunity But i'm honestly I wouldn't even consider buying it right now until they hire bruce back So canopy Listen Ain't nobody gonna buy your stock until you hire bruce back That's it. I am buying your stock Until you hire bruce back. That's it. I'm putting it out there If you guys agree with me hit the like button. Thank you. I'm not buying your stock Until you rehire bruce linton zena is going up because zena went down Every stock is going to find its bottom zena went down And it came up a little bit today. They had some good news It was up as high as a dollar 17 and then it came back down But at the end of the day, I think that the entire sector is going to go up However canopy growth They don't have the same leadership anymore And I'm concerned about that Because canopy growth was the leader of the whole sector Pretty soon. They're no longer going to be the leader of the sector scott's miracle grow is getting very close to passing them As far as market cap I wouldn't be surprised to see aurora pass them. I wouldn't be surprised to see aphria pass them I wouldn't be surprised to see lots of people pass them at this point unless they rehire bruce And like I said canopy unless you rehire bruce I'm not going to buy your stock I don't like the way you guys did this you guys fired your your ceo your founder stock's gone down 40 percent You report a 1.2 billion dollar loss And you've got your ceo going out and telling people that you don't think could be profitable for two years What exactly are you guys trying to do? What exactly are you trying to do? Are you trying to create an amazing buying opportunity for everybody in the cannabis sector because if you have That's your goal mission accomplished canopy growth Mission accomplished You've got our attention The whole sector is down big because canopy growth is down big That's what you guys have to understand canopy growth was the leader of this sector They had the biggest market cap when canopy growth goes down the entire sector comes down Canopy growth has been coming down consistently till ray has been coming down consistently. Both of them have fallen dramatically Aurora has come down aphria has come down. Those are four of the biggest players in the entire sector They've all come down all canadian companies all come down Some of the companies that have stayed high up which might take over our scots miracle grow IIPR And gw pharma Those are three stocks that actually have maintained their price Everybody else has gone down Everybody else has gone down for the most part so And uh grow generation corp Which went down today Funny enough. I talked about them. They went up for one one more day one and a half more days And then they went down so you shorters have a good sense of humor. I know you shorters are watching So if you're a shorter smash that like button, okay, because I know you like rich tv I know you do so if you're shorter to smash that like button. I know you're here Okay, if you're a day trader smash that like button um If you're a member of the rich tv lab community smash that like button If you are new to this channel smash that like button And if you're a hater smash that like button because hey, you know what? Uh I got no hate for nobody Honestly, I got no hate for nobody. I only want the best for everybody You're holding canopy. You think it's a buying opportunity. Keep buying the way down average down. Yeah, um It could be a buying opportunity, you know, uh, I'd like to see them do something to turn around the momentum Raja says if you were If you were short, what would your top pick be and there's so many there's so many I don't short So I I don't even know where to start with that, but probably can trust Mark York Michael York says cannabis will rule and grow and dominate VH says rivers or a usa I like rivers Do I think it's a ploy for a buying opportunity? When october comes and edibles becomes legal um I think the sector is only going to get bigger. I think the sector will only get better I think there's there's going to be a lot of buying opportunities along the way So my attitude is just to accumulate, you know Just to accumulate just to accumulate and accumulate and accumulate over time And invest in the best companies and then over time everything will go up and we'll make a killing That's my attitude. I mean I've been doing this for two and a half years. This is what I've seen has been the trend Um, I've seen these thoughts go up. I've seen them go down I've seen them go up again. I've seen them come down And they don't hold their 52 week highs very few of them do and pretty much none of them do and And they don't hold their 52 week lows But when they're at their 52 week lows like they are right now, it feels like it's going to last forever It feels like it's going to last forever you can see the sunset like this You see that Sunsetting It's pretty cool, right? Five acres. Imagine how much hemp and how much cannabis we can grow in here Black Friday sales have been on for five months And if I had known it was going to go to the very last days of august I would not have I would not have bought a bunch of stock mid july That was definitely a mistake in retrospect and All I can do now is wait and I mean I can buy more stocks And I think right now is a good time to buy more but right now I'm a little bit hesitant because everything just keeps going lower And I keep seeing canopy growth leading the charge canopy growth wants to leave the charge with the going down So they seem to be like a shorter dream right now and they just keep going down Will the philip altria merger deal be good for cronos? I think cronos is one of the most overhyped stocks in the sector I think they've been helped a lot by altria. I don't see why they're trading at these levels their revenue is dwarfed by So many companies across north america. So I really like cronos group. I've liked them since they were at two bucks I've been talking about them for two and a half years, but they're not worth $15. They're just not so I think a lot of these stocks are going where they should be based on their revenue And the street is pulling them back to try to get them to closer to what the street thinks is real fundamental values Which I think is a good thing for this sector And it's going to make it easier for more institutional investors to get in for more retail investors to get in for more day traders to get in For more shorters to get in for more banks to get in It's going to just make it easier for everyone to get in as this becomes less volatile and it becomes more Real as far as like stocks trading based on not hype, but based on fundamentals Because the reality is these stocks are not trading on fundamentals. They're trading on hype Who's the biggest hype machine? Who's the biggest hype master? Who can build the most hype? That's how they've been trading and a lot of people have become millionaires and billionaires because of it People have made money and a lot of people have lost money. Okay Now I've made a lot of money trading these stocks because I've been buying them at the bottom And then when they go up, I sell them. I have never sold for a loss I try not to if I have sold for a loss. It's because I Just needed the money, I guess, but the reality is um, you know, like I don't know like I haven't sold for a loss in a long time Not a cannabis stock and really not any stock like I'd rather wait for the stock to die, man I have such a hard-headed guy I'd rather wait for the stock to die and I'll just lower my cost and lower my cost and lower my cost Until eventually the stock will come back up. It'll do a dead cap bounce and I'll get out And I've been able to do that with pretty much every stock There's a few that I've been holding for a long time and they haven't gone back up One of those is vivo Another one is oxley. I've had those for a really long time and I don't really talk about it because they just dead, you know So what are you gonna do? You're gonna talk about like dead stocks. I had hip for a long time And then they got acquired by hexo. Now I have hexo shares, you know Some of these stocks are not gonna succeed, right? Some of them are gonna fail. Some of them are going to be acquired You're going to make mistakes along the way. You're gonna win on some trades. You're gonna lose on some trades Overall, I'm up very big over the last two and a half years But like 2017 was a great year for me last year Not as good, you know, I mean things like that happen in the markets You're gonna have good years. You're gonna have bad years. Hopefully this year so far It's been a good year, but hopefully like the last few months or the last month anyways Since I got back in it hasn't been good Right. It hasn't been good. I'm not gonna lie, but I also realized that I'm getting in near the bottom in the summertime and Chances are they're going to go back up because the sector is getting bigger And it goes up every single fall and every single winter So unless we have a fall and winter where it doesn't go up Which I mean, I think anything's possible, but I don't see it happening Then I think we're in for a crazy ride and it's going to be epic What do I think about rivers north and trust? I like rivers a lot. I like north a lot can't trust. I like it too, but they're highly risky I want to wait to see what happens with health canada what type of sanctions or what type of Penalties they impose on them and then once we get a chance to see what they're going to do then Then I would you know make a decision Yeah, you know, I like in med too in meds another company that I haven't really talked about much You know, they've been a huge disappointment There's been lots of companies that have been huge disappoint disappointments in med is another one They had a big day today. These companies A lot of them will succeed. It just won't happen necessarily when we want it And it's sometimes like when you least expect it is when they're going to jump I mean in med has gone all the way down. It was a tsx stock It is a tsx stock and and it's like at 29 cents and it had a huge explosion today I don't know exactly where it finished, but I mean, it's just ridiculous Some of these prices are ridiculous On the low end and then some of the prices are ridiculous on the high end like ii pr. They're not worth 100 bucks They're not gw pharma. I don't think they're worth 100 bucks either, but they have a huge huge huge Technology and one day they might be worth even more. So who am I to say that? You know, I just don't think they're worth it now. That's my opinion Um, I'm not gonna buy them, but I do like them. I just don't think they're worth 100 bucks 150 bucks I just don't uh scott's miracle grow You know, they're a much bigger company. They've been bigger for a long time. They might be worth 100 bucks, right? But I'll be honest with you. I don't think I don't think too many of these companies are worth 100 bucks I think as their revenues grow In my opinion the way I look at the markets is You should be A dollar for every 100 million in revenue You should be at a dollar So if you produce a billion dollars in revenue, you should be at $10 If you produce two billion dollars in revenue, you should be at $20 If you produce Three billion dollars in revenue you should be at $30. If you produce Um 10 billion dollars in revenue You should be at $100. This is kind of the way my brain thinks Maybe those numbers are off. Maybe it should even be higher because you look at facebook and they're trading like around 200 bucks And they're like a 400 million dollar company So I don't know but a lot of these companies are overvalued because none of them are making that much money None of them So Based on those metrics Everything is overvalued How much is a cb worth? Well if a cb Makes 100 million in revenue Makes 100 million in revenue and The zenebis is at a dollar and they make 25 million in revenue then Should a cb be at four dollars Because zenebis is at a dollar and they made 25 million in revenue So this is what i'm trying to say like how do you justify any of these stocks? You can't Nobody knows what these companies should be worth if Aurora generates 100 million in revenue and grows quarterly sales They should be worth about a dollar When they generate 10 billion they should be worth 10 dollars That's what I think That's the way I think Yeah, no, sorry, what if they generate 100 million in revenue They should be at a dollar if they generate a billion in revenue They should be at 10 dollars if they generate 10 billion in revenue. They should be at 100 dollars That's the way my brain thinks so right now. I think a lot of these stocks are overvalued um and some of these Companies like meta and zenebis Compared to their peers in my opinion are undervalued I think tilt medmen zenebis Tilt medmen zenebis and meta those four Are four of the most undervalued companies in the entire cannabis sector. I think canopy could blow up any day. I've just I'm just confused with what they're doing. I didn't like the firing of bruce Um, I don't know why they're reporting a 1.2 billion dollar loss I don't know why the ceo is going out and saying it's going to take two years to generate profit I just think all three of those things are mistakes. So I don't understand exactly what they're doing I have to wonder what they're doing because they're the leader of the cannabis sector And they're going down every day and they're taking the sector down with it So if canopy announces a huge deal or some massive revenues and it explodes back up Then I fully anticipate canopy to go back up. But for now, I don't know what catalyst they have until their next report And based on this report, I'm kind of scared to see their next report Yeah, I'm high on tgif 1933 industries Yeah, since they uh fired bruce linton the entire sector has gone down I like valence, but I think valence has been a little bit overvalued. They don't have much Revenue in comparison to Meta farm labs, but the price is getting getting closer to meta farm labs I think they're going down because they just their revenues and the profits are just not there And I think when people start really looking at the financials and they start looking at profits and they look at losses This is the reason why stocks are going down and we always knew this could happen because they've always been pumped up They've always been pumped up now. They're coming back down. This is a shorter dream But as quickly as we've seen them come down and we've seen them come down before We've also seen them explode back up And when they do explode back up that will be the opportunity to sell And there's been lots of stocks that I held and then they went up and I just sold I I lowered my costs lowered my costs and I sold Stocks I didn't want to hold anymore You know that I got tired of and I just got out of them, you know And sometimes I would sell them for like a small little loss, but nothing major I try not to take a big loss. I'm not going to try to take more than a 10% loss in anything So typically if I'm down on a stock, I'll lower my cost and if I try to get out I get out and Try to get out with like about a 10% loss Because that's not really significant to me Tilray not sitting on four billion of cash Do I think Dixie is supplying zenibus? Yeah, if I was owning Tilray and it hit 290 I would have sold I mean you got to take those opportunities, right? Like I mean look at Tilray now It's funny because I said a lot of people are like, oh, what's Tilray worth? I said, well, they're worth what everybody else is worth So if their revenue is 25 to 30 million then they should be worth like around 5 to 10 bucks That's what everybody else is at So some of these companies are trading higher like C web is trading higher because they're the biggest CBD company in the world Some companies are going to trade higher. Some companies are going to trade lower, but It doesn't mean they're worth it You know, it doesn't mean they're worth it. The hottest in my opinion company right now in the cannabis sector is Trueleaf Trueleaf has the best business because they're making money They're making money. They're profitable. So my opinion Trueleaf is the best they've been going down If you want to own the best and you want to own what's blessed own Trueleaf At what price do you think we can sell ACB? I think if we're patient we could sell ACB eventually one day at $100 ACB will only get bigger ACB will only get better ACB is in 25 countries There are more countries than any other cannabis company legally in the world. They are a freaking giant They're going to get bigger. They're going to get better. It's going to take time But eventually going to be huge Loblaws buying Zina think about it shoppers drug Mart Zina is going to be a giant Afri is going to be a giant Canopy growth is going to be a giant Aurora cannabis is going to be a giant These companies are going to be giants. There's going to be ups and downs along the way But they're going to make mistakes too Canopy firing bruce linton was clearly a mistake Canopy They made a lot of mistakes. Let's just put it that way. I don't really want to pound them into the ground But canopies made a lot of mistakes now can't trust Can't trust Just put the entire sector back like big time Because they just made everybody Think that this entire sector is filled with frauds now And a lot of people writing articles saying that this sector is filled with frauds and scammers It's not good. So when Guys, we have 112 people here and 47 likes. Can we get 100 likes? We've got to get 100 likes 115 people here 47 likes Smash that like button people and thank you guys for the people that did hit the 48 likes. I appreciate you guys. Thank you guys Anthony says, hey rich. What's up, brother? Any gold stocks right now? I keep hearing that gold is going to explode to 10 k and ounce. Yeah fiori gold. That's my pick, man Fiori gold. Thank you guys for the 56 likes. Let's hit 100 Let's hit 100. There's 115 people here. We could do it like this We could just do it like that. There's 117 people here. Let's just do it. Just press it Can't be that difficult So yeah, like uh fiori gold, man Fiori gold being promoted by national inflation association BSR Bluestone resources, absolutely another company that we've interviewed and Stay tuned man. There's way more interviews coming Way more interviews coming way more videos coming I'm uh, I've spoken to still canna. I'm gonna be doing a video in still canna tomorrow. I'm a very big fan of still canna They've been getting slaughtered. I think that they're gonna be so big They're working in europe guys. You know why europe is so big because they're making euros So just imagine being in canada or being in the united states and getting paid euros for your cbd Or for your cannabis still canna is working in romania and in poland With their cbd business and they're going to be making euros And when you convert that back in canada, that's huge It's so big the conversion is so big So i'm so excited to see what is going to come of still canna And I just love the european market because of the exchange rates, especially compared to canada. It's enormous And that's why I love america too because of the exchange rates. I love america. I love europe I love all of these opportunities in the cannabis sector in the cbd sector in the Cannabis infused beverage sector In the hemp sector. I just love this sector. I think there's so much potential I think there's so much upside and it's just exciting to be a part of it And I know the sector right now is going down. I know it's hard for everyone that's holding stock It's hard for me. I'm holding stock, but I've also seen it before I've been doing this for two and a half years live publicly so You know, I've seen this before and I'm pretty sure I'm going to see it again So you just got to just wait, you know, ride the weight and just ride it out, you know, just ride it out and uh, it'll pass and it'll get better and When it does it won't just get better like oh five ten percent. It's going to be like a hundred two hundred percent That's what's going to be just the same way everything's come down It's as quickly as it could come up As quickly as everything came down it can just quickly go up Kira reported today positive ebita, but losses bigger than expected Yeah, I think kira is going to be a giant. I love kira and like I said when everything's going down It's just a buying opportunity. Yeah, I'm not giving up on cgc I just don't like what they've done and I think they should hire bad bruce linton I think we're going to be very happy and like I said in the meantime I'm just going to keep buying more and more and more and next year instead of getting in in mid july Which is what I did this year I'm going to get in in the end of august like the last day of august because it looks as though We're literally going to the last day of august of this bloody red cycle, which has lasted for five months And congratulations if you've been holding for five months because I got a lot of respect for you If you're willing to hold that long it shows that you're a true investor And when you do that You deserve returns When you're willing to wait and you're patient as a long-term investor you deserve returns so Keep lowering your cost and eventually the stocks will rebound and when they do they're going to rebound big And just as they've all come down like canopy not too long ago was a 70 bucks right now. They're a 31 You know zenibus not too long ago was a 685 now. They're at a dollar These are buying opportunities clearly. So these companies are just going to get bigger. They're going to get better And the street the market makers are going to say they're not worth what they're trading at They're not worth what they're trading at short them down short them down short them down Eventually the revenues are going to be staggering The profits are going to be astronomical And then you're not going to be able to hold them down. That's when they explode So we're going through a little bit of a transition period. It's been a tough five months Can't say I've enjoyed it, but I'm still here and I plan to be here next month and the month after that and the month after that and the month after that and I'm assuming At some point We will have an epic resurrection. That's what I'm thinking. I'm thinking soon. We're gonna have an epic resurrection and I can't wait and I want to go on vacation, but I'll be honest with you. I just I don't know man. I just don't know. I don't know. I want to go on vacation. I I almost booked it But I don't know. I don't want to miss the resurrection. I don't know because I feel like something's coming Yeah, you know what you've been holding you're down 15k. I know people that are down like hundreds of thousands of dollars And I'm sure there's people that are down millions. Maybe some people that are down billions But when the resurrection comes those same people will make millions and some of them will make billions That's the risk reward game that we play You can't Love the upside of the stock market And hate the downside you got to embrace it all Right like Andrew Luck A lot of people are very very hot in this topic a lot of players. I'm a big fan of troikman He's come back to andrew luck and said it's his body. Who are you to tell anybody? You know what to do with their body and you know what I agree with troikman But however, what I don't agree with is the way andrew luck Left his team the way andrew luck Quit on his team how we quit on his team a week before the season I don't agree with any of that So the way he did it I don't like the fact that it's his body and he can do whatever he wants I agree with that every player every person should have the right to do whatever they want It's the same thing the stock market everybody has the right to do whatever you want You can sell for a loss you can sell for a 10% loss you can sell for a 10% gain You can hold stocks you can hold them forever. You can you can do whatever you want I'm not here to tell you what to do. I'm only telling you what I'm doing And I try to give people advice and I try to educate you on Different accounts to open up and where you can trade and how you can trade and you know how long-term investors trade And I like to look into companies and learn about them and try to find undervalued Underappreciated under exposed companies But at the end of the day if you're andrew luck and you want to quit on a stock I can't tell you not to quit on a stock If you want to go and quit on your team like andrew luck go ahead and quit on your team I'm not that guy. It's not in my dna Okay It's not in my dna. So I don't quit on stocks. I don't quit on the sector I don't just give up But if you want to go and quit on the sector after five months of red I totally understand I get it It's hard It's hard being down. It's hard losing money But imagine if you wait five months for red and then you sell this week And then next week everything explodes. How would you feel? Yeah, grunkowski is promoting cbd now So are the diaz brothers. So is the ufc I mean so is mike tyson I mean, do you guys see the trend more and more celebrities will get into this sector? Whether it's cannabis, whether it's cbds, whether it's hemp, whether it's THC and cbd infused beverages Whatever it is more and more celebrities Athletes are going to get into the sector. Why? Because they need the product. They need the medicine. They use it They need it and they use it And they're going to continue to So think about it How big will the sector get when it has celebrity endorsements? all over the world And a picture of your favorite celebrity holding a cbd bottle And a picture of your favorite celebrity smoking a spliff Can you imagine what's going to happen? Think about it. This is just the beginning. It hasn't even legalized in america Oh, I thought I lost you guys. I thought I lost you guys Thought I lost you guys Yeah, I mean, I'll be watching bruce with martello But like I said, I just Everybody has the right to do what they want to do if you want to wait for five months of red And then quit after five months of down Before the green comes That's fine I fully intend to be here I fully intend to be here along for the ride Rich, do you have a rivers price target? I don't really have a price target for rivers I think that Based on analyst price targets and estimates. They're estimated to go as high as seven or eight dollars And I think at these prices around two bucks and 20 cents. I think it's a steal It's a steal Diaz makes you want to smoke weed. Yeah, do you guys see that diaz walking around smoking his cbd joint? Passing it around that's just classic. You got to love diaz. You got to love the diaz brothers Mark says martello will boom tomorrow. That's very possible bruce does have the magic touch But the question is does canopy have the magic touch without bruce Does canopy have the magic touch without bruce? That's the question You know they mean because man so far They've definitely shown that they do not have the magic touch without bruce And that might be a buying opportunity But I'm kind of like jokingly been saying that I'm not going to buy the stock until they hire bruce back Obviously, that's not necessarily the case. I'll buy whatever I want whenever I want, but I definitely not interested in buying that stock right now There's nothing that motivates me to want to buy that stock other than the fact that I know it's been a hire I know that they're a huge company, but man, I mean reporting 1.2 billion in losses like when you're gonna You know When you're gonna When you're gonna do something, you know, like when you guys are gonna like why would you show that like What was that that 1.2 billion losses like I don't understand confused. I know it's a paper loss It's warrants that weren't exercised blah blah blah, but again the day man You know like I just why would you report 1.2 billion in losses like oh Would bruce have reported 1.2 billion losses? I don't know man I don't know probably not So yeah, I'm concerned about canopy growth and when canopy goes down everything goes down like let's take a look at the sector Let's read out all the red because it was a lot Is a lot of red A lot a lot of red And I just go to richtvlive.com to find out all this information Just go over to richtvlive.com And just click on pot indices Typically, I look at the canadian sector first just to see all the big names and you can see that in canada. We were down 3% Jeez brutal just brutal Huge at 10 cents down 4% Aurora at 740 down 3.6% Canopy growth down 5.97% at 31 dollars and 18 cents. This was at 70 not too long ago Afria at 797 down 5.68% Tilray at 26 dollars and 49 cents It's as low as it's been since like the early days of its IPO. It's crazy down 6% Can't trust at 228 down 3.8% Organogram back to 547 Down 7.91% Whoa Hexo At 5 dollars and 13 cents down 3.9% North at 76 cents down 5% T God at 3 dollars and 6 cents down 3.7% These are just some scary numbers But at the same time they're amazing buying opportunities Oxley down 5.75% at 82 cents Everything's down guys fire at a dollar 32 down 5.7% Valens grow works at 314 down 3% Canopy rivers at 2.21 down 7.5% My goodness Aliphia health at 99 cents down 3.88% Emerald health therapeutics at 176 down 4.86% Flower the flower corporation at 274 down 6% weed md at 157 down 1.8% Heritage cannabis holdings at 40 cents down 1.2% Everything is red Everything is red everything is red Soniva was slightly green Wow, what a bloodbath What a freaking bloodbath Soniva and Zina were both slightly green That's nice. That's positive But everything else was just terrorized And america was down 3.58% today. Wow, just crushed Wow, pntv down 12% mjna down 8% mcoa down 2.9% vate down 5.3% Oh my goodness like look at these losses Kaltf break even kg kg down 6.57% Potn down 5% Cwb hf down 7.46% gld ff down 12% HRv at $5.75 down 2.54% Cresco labs at $8.30 down 3.9% GW pharma, this is the lowest I've seen GW pharma at $138 down 1% Cure leaf was actually green at $6.40 up slightly green thumb industries at $8.24 up slightly Trueleaf cannabis corp at $7.76 despite being the most profitable company in the sector Up sorry down 2.89% for trueleaf. That's crazy Charlotte's web holdings at $16 in america down 7.46% Acreage holdings at $7.70 in america down 12% whoa Canna royalty corp $5.34 down 6.73% Iant this capital holdings ithuf $2.39 down 5.54% cv sciences at $3.23 down 8.47% Cushco holdings at $3.56 down 5.2 3.2% medman enterprises M M N F F at $195 in america down 2.58% Merrimed MRMD up slightly planet 13 PLN H F at $1.73 down 8.79% Tilt holdings svvtf at $0.59 down 3% Green growth brands ggbxf at $1.19 down 5.56% Liberty health sciences this is just making me want to cry liberty health sciences LHS if at 29 cents down 9.18% this is the lowest i've seen almost all of these stocks Like it's crazy. I can't remember the last time i've seen these stocks at these prices In like over a year Alexanol global limited at $1.63 down slightly Oh, well let's talk that was up FNN ZZ up 17% CLSH up 8% K's KYS up 4% MCIG up 3% MJAR up 3% EMBI up 2% GTBIF up 1% and that's pretty much it That's a lot of red the lot of red. Oh my god Yeah, so it's been pretty crazy. It's been pretty hectic It's been a bloodbath of epic proportions. Thank you guys for the 75 likes I said I'd like to hit hit 100 likes. We're at 75. We have 113 people here. Can we hit 100 likes? Could we squeeze out 24 more likes out of this community? We got 79 likes. Could we get 21 more? Come on people we can do it. We can band together We can show the power of the cannabis sector by getting 100 likes We can show them how powerful of a community. We are how powerful of a platform. We're look we're at 84 now Only 16 away MTLO could explode tomorrow 88 likes 91 likes. Look at this. Do you see how powerful we are? As a community, do you realize how powerful we are 93 likes? I absolutely love you guys. You guys are the bomb Thank you guys for joining me late night here last few days of august. It's a bloodbath. So let's enjoy it together Let's just get destroyed together. Let's get obliterated together Oh, man, but honestly though This is a buying opportunity seriously Like I joke about the bloodbath and getting crushed and stuff, but this is a buying opportunity I hope everybody understands that I hope everybody truly understands how great of a buying opportunity this is our buying opportunity in the cannabis sector is disguised in blood believe it or not It's always hard to understand, but we want to buy these stocks when we're down guys We're two likes away from 100 two likes. We can't finish at 98 I want to let you guys go. You guys want to go home, right? You guys don't want to hang here forever But yeah, we only need two likes more. So whenever anyone wants to hit that like button Just go right ahead and let's hit that 100 We're at 98. We're too close to like fall short now 96 We lost likes 99. That's more like it Now we're talking one more from out. Who's gonna be the hundred? There's a hundred. Thank you You guys are the best I absolutely love you guys You guys are the best So good be greedy when others are fearful absolutely 102 likes. Wow. Love you guys man. So good man. So good. So yeah, so this cannabis sector Is an interesting one and our opportunities are disguised in blood So when stocks are down, that is the best opportunity for us and when stocks are up That's when we sell That's it and we rinse and repeat and we just do it over and over and over again I got five acres back there and just imagine what we could grow Just imagine what we could grow Just imagine what we could grow in five acres of legalized licensed Cannabis land and CBD and hemp land for extraction I mean We just need Canada to legalize CBD's Canada health Canada. Could you legalize CBD's so I can put my five acres to work? That's all I'm asking is legalize CBD's And you know give me a cannabis license so I can grow some How about that? Oh, I'm not worried I wouldn't be investing if I didn't think we could make money and when I invest I always invest thinking That if stocks go down Just gonna have to wait You're afraid of buying Aurora today because you think it's not done down trending Well, yeah, clearly everything is down trending and it just keeps going down So there's a very good chance that it may continue There's a very good chance that may continue INQD, I'm not familiar with that one Brent. Are they a winner? VYST, yeah, VYST looked pretty interesting But not really for me Yeah, so Frank is saying the stock canopy growth was at about $32 before cancellation brands announced its massive investment last year So this could turn around to be the floor. Yeah, you would think but Who knows People want to see profits. When are they going to show profits? What end wave went up 88% today? No Really? You're joking By this Justin says by this time next year. Aurora's annual revenue will be up more than 400 percent. Aurora's number one fan Yo, is that you Justin? What's up, buddy? The rain man has joined us. Good to have you on the live stream, brother How's zoom away travel treating you? Justin is the man behind zoom away travel and congratulations to everybody who has benefited and won on zoom away travel That's you Justin. All right, Justin. I'm gonna make you a moderator, bro You've been added as a moderator to the channel So I think Justin that canopy growth is taking down the whole sector. Do you agree with me? Oh end wave was up 0.88 percent Okay, I thought you meant 88 percent point 88 percent. That's like 1 percent I think canopy growth is taking down the entire sector. They were the largest market cap cannabis company in the world They fired bruce They reported 1.2 billion in losses And then their ceo the new interim ceo went out and said that they're two years away from profitability And the stock has done shit ever since You're gonna hold them long so you don't have a sell target. Justin for zeta may I don't think acb will should would show profit until q3 or q4. I think that Aurora will be showing profit on this queue because I think they are reporting their q4 I think this is their q4 that they're reporting So I think they have to show profitability because they said they would so i'm anticipating that they will Yeah, I think bruce is buying right now, but Bruce can't hold up the stock himself the stock Needs to have positive momentum and with 1.2 billion in losses How do you justify that when you have no profit? It's a problem people are going to say that they're eventually going to run out of money Now we know that's not going to happen, but the reality is that's what people are going to say That's how they're going to twist it. That's how the shoulders are going to twist it That's how everyone's going to twist it so they can attack them. That's just the way it goes So my opinion is that Aurora Hopefully can show huge numbers and this turns around the sector and create the resurrection But I think that the resurrection has already started because these companies started to show profit and that's the beginning Of this sector becoming a profitable sector and I think that that's showing maturity in the sector And I think it's only going to get bigger and it's only going to get better and as these companies get bigger and better I think it's going to create more and more opportunities And I think right now we are at a bottom. We may find more bottom. So be careful. Remember. I'm not a licensed advisor Always do your due diligence always do your research and always consult in a financial advisor Just I'm just an investor just like you guys. I'm in the trenches just like you I'm buying stocks just like you when they go down. I'm holding just like you okay When they go up, I will have no hesitation to sell None because I'm going to remember these feelings when I'm down So when I'm up, I'm not going to have hesitation to sell However, in the past like with zoom away travel. I sold too soon Sold zoom away travel five cents and then it went to 13 That was a mistake. So I should have held longer. So I want to try to make sure I don't sell At the beginning of the resurrection. I'd rather sell close to the end of the resurrection. So that's something I'm really thinking about And I'm going to be planning on just looking at all my portfolio over the next few weeks and just saying, okay If anything continues to go down, what do I want to position myself in? What do I want to lower my cost in and just wait for the resurrection because it's coming It's just a matter of time and when it does The people that are buying at these levels are going to win handsomely And I'm excited to see you guys win. I'm excited to win myself And I'm excited to see what the future holds for the sector because I believe will only get bigger and it will only get better And I do believe canopies bring the sector down But just as quickly as they have brought it down over the last few months I believe that they can very quickly bring it up. All it takes is one press release One press release new ceo Big partnership huge supply deal. That's all it takes So canopy I don't know if you guys are doing this on purpose If you are you guys are geniuses If you're not higher bruise back Even if you just hire them as a consultant Even if you just hire them as an advisor I would advise that you hire him back. That's my opinion I believe you guys are taking down the entire sector And it sucks I'd like to see the sector in the green again Consistently I'm sure everyone that's watching would also like to see the sector green again consistently So please canopy growth Could we see some positive news Could we see a new ceo Can you get out of press release Can you start turning profit Can you start actually having good cannabis because everyone's saying your cannabis sucks I keep hearing everybody tell me that your weed sucks Aren't you guys supposed to be the largest cannabis company in the world? How can you have bad weed? So I haven't tried it. I don't know But I'm just hearing That your weed sucks What's up with that? So Like get it together. You know what I mean? Like get it together. That's all I gotta say This is rich for me to be live canopy growth get it together I made this song because canopy growth was number one. They still are number one technically by market cap But they are losing market share every day And I made this song with the help of ill kid and I want to play it in memory of what was canopy growth But I think very soon they may no longer be number one They may not be number one for long So I'm going to play this song for you. It's called canopy growth is number one and I truly a few months ago believed they were and thought that they could never lose that spot until they fired brussel into And then it all changed Here it is Please let me know what you think Comment on the videos Smash that like button if you haven't subscribed subscribe hit that bell for notifications. It's getting late It's getting dark mtlo They were number one not for long Unless you hire bruce back I don't even know how to turn this off