 How you guys doing? This is Rich from Rich TV Live. So I just came back from the cannabis conference. Here's your boy representing the media. Here it goes. Rich TV Live representing the media. So I was just at the cannabis conference. I just left. It's been a long two days. Yesterday was more like corporate and just doing a lot of interviews with CEOs. I think I did 10. Today was more mingling. I just walked around and just collected gear. So I got a bunch of gear and got a chance to talk to a whole bunch of companies. I actually just talked to Zenibus. It was off the record. I can't really tell you who I talked to but what I can say is that they are still very alive and they believe that they're going to turn this around and that things will get better. So that was positive. I spoke to Valens and I think out of all the companies that I spoke to Valens looked the most happiest. They looked the most confident. They looked the most proudest of what they were doing and what they were achieving. I think Valens is really rising up to the top for me as companies that I'm really impressed with. Obviously MetaFarm Labs is there too. I didn't get a chance to speak with them but they look very impressive as well. But MetaFarm Labs specifically. Now Aurora Cannabis did have a booth but it was an Aurora Drift booth. Anandia Labs is another one of their subsidiaries. They were there too. There's quite a few of their subsidiaries that were there that had boots and had a presence at the event. But Aurora themselves was kind of disappointed. They weren't really there. They didn't really have a presence at the event. So it's kind of a disappointment to be honest with you. But one thing that I did gather from everybody that was at this event is that everybody believes for the most part that I spoke to that Aurora will go bankrupt. There are some people that I spoke to that believe that they're too big to fail. Similar to me. There's a lot of people that believe they'll find a way through it. But there are quite a lot of people that do believe that they will go bankrupt and that their good will and their debt issues will be just too much for them to overcome. Scary situation. I don't really think that that's the case. But I personally think they're too big to fail. But I guess you never know. It's a little disturbing when you go to these events and there's a lot of negative sentiment towards Aurora. Then you don't even see Aurora at the event. Cam Bailey was supposed to be one of the speakers at the event. He wasn't here. So it's I'm going to be honest with you. It's disappointing. I think the event was a disappointing event in my opinion. I think that there was way less people there than last year. I think that some companies did show well. I think Sundial showed very well. I think MetaFarm could have shown more. They were in a small little booth. It was weird. I couldn't figure it out. But Valens had a nice booth. I made a video of it. I interviewed Valens and they were very receptive. And that's why to be honest with you I'm really impressed with Valens. Valens and Sundial growers are two that really impressed me. Another of the company that really impressed me with Bev Canna. Bev Canna was doing beverages. Was giving away free beverages. Had a lot of people around their booth. There was a lot of buzz around Bev Canna. I saw Emma. I made a video of Emma as well. She was speaking. I was very impressed with Bev Canna. I've been impressed with Bev Canna since day one. Oils, Next Leaf Solutions was also very impressive. They work with Bev Canna. I interviewed them yesterday as well. A lot of really impressive people that I got a chance to speak with that are still very excited about the sector. Still showing a lot of enthusiasm about the sector. But overall it just wasn't the same as it was last year. It didn't have the same buzz. It didn't. That was disappointing. But I guess that's to be expected assuming the fact that the cannabis sector is down like 60 to 70 percent across the board. I think we had to anticipate there wasn't going to be as much enthusiasm for the sector. Another thing that I noticed was last year they had a lot more booths with public companies. This year they had a lot of private companies. A lot less public companies. So that was kind of interesting. Now I think that could be because a lot of these public companies are trying to cut costs. They're trying to become profitable. They're trying to become lean and mean. Like Xenobus didn't have a booth. And then I saw them there today when I was leaving and I spoke to some of the management and I said, you know, why don't you guys have a booth? And they said we're trying to cut costs. We're trying to save money. We're trying to become profitable. So I think that that is a major focus and you're going to see less and less companies wasting money and you're going to see more of a focus on getting lean and mean and becoming a profitable business. Burgo King says I want to smoke weed and eat crab dip. Yeah, I mean it was it was it was a good meeting but it wasn't as big as last year. It wasn't as exciting and there wasn't as much energy in the room as last year. I thought it was still good. I think it was still a good conference but it wasn't what I was expecting. I thought it'd be a little bit bigger. I thought it'd be a little bit better. I thought some of the bigger companies would be there. They would have a presence and I guess that is the case because Valens and Labs are two of the bigger companies now but it just they weren't I mean last year they didn't even have a presence right. Last year they weren't considered two of the bigger companies. Here we are a year later and now Labs and Valens are two of the bigger companies specifically in Canada and they had you know they had a presence but to not see Aurora, Canopy and Africa have a presence in a conference like that one of the three biggest players in Canada was odd and I don't understand it personally. I don't understand their branding. I don't understand their rationale behind it. I don't understand what they're thinking to be honest with you. Why wouldn't you be at the biggest cannabis conference in Canada in 2020? Especially in January just to get the year started off the right foot. So many new investors, so many people. I saw some subscribers there. It was really nice to see some subscribers so it's just interesting to come back from it and to just kind of digest what I saw but overall it was a very good conference for me. I think overall it was a very good conference for a lot of companies. I was just surprised to not really see Aurora have a presence considering they clearly have a major presence all across Canada with their products everywhere. So you got your product everywhere and you have an opportunity to represent in a big way at a large conference with a lot of enthusiasts, a lot of investors and you don't even show a presence. To me that's a miss. Okay guys we got 39 people here and we only got nine likes. That's just that's terrible. So they're giving away all kinds of stuff like this. There's another company Hawthorne Gardening. So I got a whole bunch of different products just like this. Thank you guys. We got a couple more likes there. 12 is better than 9. 14 is better than 12. Yeah you wanted something crazy. So 17 is better than 14. Thank you guys for the likes. I appreciate it but we got to still get that likes game up. 18 is better than 17. Thank you guys for the 18 likes. So I'm speaking to actually a 20 is better than 18. Thank you for the 20 likes guys. So I'm speaking to actually a subscriber and his mom and they're at the conference. They're like RichTV and like hey what's up and we're talking and we're talking about Aurora and then the gentleman actually says and I actually asked them do you guys want to go on camera they said no. I was like that's fine. I asked them I said you know have you I said maybe maybe because they're like oh have you seen Aurora and I said no. And I said I think they might be afraid to show their face because so many investors have lost money. I kind of said it tongue in cheek. I didn't really mean it and then he says to me yeah you know actually Cam Bailey was told on social media that you better wear disguise if you show up at this conference. So essentially he had threats. Now that might be a part of why he didn't show up at the conference. I don't know. I'm not 100% sure. I don't know 100% but and I haven't seen those threats on social media but apparently there have been some threats that Aurora Cannabis better be very careful if they show up at this event. I don't know if that's true or not. I haven't seen it but this is what I was told. He needs to wear a hockey mask. Yeah hockey mask body armor maybe drive a cyber truck. One of those Tesla cyber trucks but yeah overall it was a good conference. Stay tuned. I'll have a lot of new interviews and videos coming up but the talk was Aurora. You know a lot of people were talking about Aurora. Some people thought they're too big to fail including myself. Some people think they'll get through it with a little trouble and then there's some people that believe they're not going to get through it and they're going to go bankrupt and that's a pretty big statement because you're talking about a company that is one of the biggest in Canada. One of the biggest if not the biggest in the world and they've got a brand that's in every single corner of Canada and you're going to now suggest that they're going to go bankrupt. I mean that's a big deal. I'm not suggesting it can't happen. I think anything is possible. I just don't think it will happen. I think they're too big to fail. I think that they will be okay. I think they'll get through this but it's going to be a bumpy road and there's been tough times for companies like Amazon along the way and I'm looking at Amazon now. Am I still holding ACB? Yes I'm still holding ACB. I'm holding lots of my stocks. I'm holding lots of my cannabis stocks. Yeah I mean bankruptcy is a very serious thing. Hopefully we don't go in that direction but if it happens then it's going to be a very very very scary situation. Yeah I think the price for ACB is just crazy right now but with all this talk of them going to zero, price targets keep getting lowered. It's a very scary time. No the Canadian market's not done. The Canadian market is actually far from done. I think the Canadian market is going to be very strong in 2020 and I think companies like Valens and Labs are going to lead the way. I really do. I think Valens and Labs lead the way in Canada and I think in the United States, Trueleaf, Cureleaf, C-Web, GW Pharma, Scott's Miracle Grow, quite a few that I like in America that I think are going to lead the way. Rain Band says they just opened Whistler Medical Facility. They wanted to scale up the production on organic certified cannabis. I like Green Thumb, GTII, yes. Are you asking me how much I'm buying? Yeah I won't be talking to anyone about what I'm buying anymore moving forward on this channel. It's not happening. Keep that to myself. Everyone should keep their own personal trading to themselves. Nobody's business. I'm not going to leave myself open to short attacks. No there was no cannabis at this event. It was weird man. They didn't give out any cannabis. They didn't give any cannabis infused beverages. I'm just tired. I had a long night last night. Long day yesterday interviewing CEOs and then afterwards we had an after party. I didn't get into like three in the morning, long day, then up again today, back at the conference at 10 a.m. I'm just tired. Honestly I'm just tired. It's been a lot of talking, a lot of people, but I got some good content. I got some good interviews. Definitely made some new contacts and some new people. Got more content in this camera. Got more content to my phone and made some really good contacts. Met a CFL champion who wants to work with us. Met a cannabis consulting company that wants to work with us. Met a whole bunch of companies that are interested in RichTV Live and you know that's what it's all about. Yeah at the end of the day I mean you're welcome to talk about whatever you want to do. I'm choosing not to talk about my own personal trading ever again. That's my own personal business and it's nobody else's business and I'm not going to personally be talking about my trades especially when I know that they're short is trying to short me. So I'm not going to do that. I get messages from Andrew Left trying to short my picks and he knows Aurora's my pick and then he says he sends me a message saying they're going to zero so I'm not going to just keep talking about stocks to have you know shortest try to take them to zero. Hey Tree says ACB goes under a dollar that means there's big problems and should stay away. Yeah I would be careful. I would definitely be careful. They're ready a penny stock. Anybody under five dollars is a penny stock so as far as I'm concerned Aurora's a ready a penny stock. They're very volatile. They're very risky. I like the brand I like the fact that they have products that are selling. I like a lot about Aurora. I don't necessarily like the share structure. I don't necessarily believe in the management team anymore but as an investor I'm not going to just take a massive hit so I'm just going to hold my shares and eventually they're going to get through this and then the stock will climb. The question is where is the bottom as investors. That's really the question is where's the bottom and are we able to take advantage of this retraction in the market and buy at the bottom. That's really what it comes down to. Yeah people do short me. I get messages constantly with shorters telling me they're shorting my picks and a lot of times they get squeezed but in the cannabis sector they've been able to really they've been doing a good job of shorting my picks. I'm not going to deny it. I'm not going to leave myself open for that type of assault in the future. It doesn't make a lot of sense for me to do that. Thank you guys for your 27 likes. We got 54 people here so we got 50% likes. If we can get a few more likes that would be great. Hopefully this video can go viral and people can see it and people from the cannabis conference can see this video and they'll be like hey that's the guy that was at our booth. So yeah a lot of different people we talked to today from all across the country. People from the United States. Met people from Portland. Met people from Halifax. Met people from Toronto. Met people from Calgary. Vancouver. Vancouver Island. Like essentially everywhere. So it's pretty cool and it's just nice to be in these conferences. I enjoy it. You loved the video from the conference. Thank you. I appreciate you. Thank you Anthony. Mr. Liu says Cron is strong as well. Altria Biot at 17. Current price 888. I like Cron but they need more revenue. I just feel like the prices are overvalued because they have money in the bank but they need more revenue. What would happen if everybody in his lives buy 500 shares when they go to a dollar? I don't think much. I don't think much would happen. 270 grand is nothing. It's nothing. It's peanuts. Yeah it won't do anything. Oh Andrew Left watches everything. You know let's be honest. I mean he messaged me directly first and said Aurora's going to zero. And since he said that the stock's gone down. So Andrew Left is a very powerful man. He didn't message me and I guess he knew I would tell people and I did. I warned everyone because I had to. And so far it's not at zero but it's gone down. So so far he's right. It's going down. How's the free water? It's pretty good. It's pretty good. I got Andrew Left has a punchable face. Wacker Beat says can't shake the fact that ACB earnings will be a huge catalyst. I agree. Trade smart guys. Look for those M&A action with cash. That's where it's easy money is. Keep watch on the cannabis stocks for now. I think the cannabis stocks have been beat down and I think that's creating an amazing buying opportunity and I think companies like Valens and Labs, Cure Leaf, Truly, C-Web, Green Thumb are poised to do quite well in 2020 and beyond. I really do. Oh it's already been a bloodbath so I don't know how much lower we could go. We've clearly gone quite low. So you know especially with Aurora like I look at the price of Aurora and I'm just baffled. I'm thinking of myself my career in 2020 and Aurora is at $2.17 like it's crazy. It's really really crazy and you want to just buy like 10,000 shares and just sit on it but imagine they go bankrupt. What are you gonna do? Drop another 20 grand? It's risky right? Now if you buy it at two bucks and it goes to 10 bucks you can make 400% so on like a 20,000 dollar investment if that stock went to $10 you would make 80,000 dollars like that's a big return on your investor. It's a lot of money to make just buying Aurora cannabis but what guarantee do we have that it's going to 10 bucks? We have absolute zero guarantee. Legal pot in New York 2020, hey that'll be a huge catalyst. I'd like to see that. I totally like to see that. Any of you guys who are at the Lift Conference please let me know. I know I saw some of you guys at the Lift Conference some of you guys have subscribed that maybe we're at the conference right now and I'd love to know if there's anybody in here that's at the conference today or yesterday or Thursday or after at the after party last night because I'm still recovering I'm tired. What do I think of Pure Sun Farms? I think they're pretty good. Yeah I don't know about that you know at the end of the day Aurora never reported that type of revenue before and the stock's gone over 10 bucks multiple times so I don't know if that's really the case. I think that right now the entire sector is very bearish if the market becomes a bull market it thinks things can change very quickly. I'm not suggesting it's going to be a bull market at this point I don't think anybody knows anymore but I think we all have hope and we've seen it happen before so it'd be nice to see it happen again. Yeah I know it was definitely a lot of hype but there's a lot of companies out there that are built on hype right and future fundamentals so it's not just the cannabis sector there's a lot of industries that have stocks trading and crazy multiples and a lot of it is hype so it's not just the cannabis sector yes the cannabis sector has bubble has burst but you know it's not just the cannabis sector another sector who's had a lot of hype recently is 5g and 5g's got a lot of hype around it a lot of people excited about it a lot of people you know buying 5g stocks but the reality is 2019 5g stocks for the most part that I've researched have gone down and a lot it made my pleasure I appreciate you guys just like to give you guys the inside scoop you know I talked to a lot of companies so whatever I can do to help you guys and gain you guys a little bit of knowledge a little bit of an advantage over the marketplace a little something to just give you guys that advantage to make a good decision so you can win whatever I can do I'm going to do that it's my modus operandi to help build shareholder value and build shareholder equity so all the way they do that is to get to know these companies figure out who are the best rain bun says men man was the worst ceo made millions but a shareholders went bad yeah um men man owes some suppliers over 50 million dollars men man has turned into a nightmare I would not touch mad man with a temple pole would not touch my mouth temple pole frenzy says if people short your picks to turn them against you why don't you post your picks and then short them why would I post my picks and then short them that makes absolutely no sense I want my picks to go up I don't want my picks to go down and I don't want to short my picks that's the last thing I would want to do that doesn't make any sense there's a lot of people that believe Aurora is going to go bankrupt yes there's a lot of people that believe Aurora is going to go bankrupt I mean I don't got it in my heart to short the sector I don't like the short stocks I will I just don't got it in my heart to short this sector still believe in the sector and other sectors just getting started yeah I think Aurora's revenues are going to be massive too I'm expecting some big numbers so stay tuned I'll keep you guys updated on what I hear as far as their revenues but I know they're doing a lot of sales so I'm anticipating some big numbers oh boy guys we've got 72 people here only 37 likes can you guys smash that like button I'd appreciate it what about CGC yeah I don't know about CGC they weren't even at the conference it's weird man they even were in like the there's like a manual with all the exhibitors and all the booths and all the booth numbers they were in the manual so is Aphria so is Aurora but they had no presence so that really concerned me it's like why are you guys have no presence so maybe everybody's focused on being lean in me in 2020 people just like I don't want to spend money but you got to do some branding you know Aurora is not the same company ever since they got rid of Bruce Bruce did a good job of handling everything and right now I don't really know what they're doing a good job of maybe hand he did a good job of handling everything and they're doing a good job of handling nothing so it looks like to me sad but true oh we got 42 likes it's better than 39 thank you guys I appreciate you guys I like Tarasend Pete Ferraro says Tarasend will be a giant their acquisition and PA has 68% gross margins Sheldon Snow says ACB will not go bankrupt their cutting costs and springtime will be good these sales will not show up until spring yeah so we still have a long ways to go down if they don't have any major catalyst until spring so hopefully they can have something to you know as a catalyst before now and you know spring and summer because one way is down it's sad and depressing and frustrating all of the above why do I not talk about cgc oh cgc you know I've always talked about cgc a lot they've been my number one pick for quite some time and obviously they've got billions of dollars behind them but they're burning money burning 279 million last quarter I mean what do you want me to say about them they burned 280 million dollars last quarter like they're on pace to build over they're on pace to lose over a billion dollars in the last 12 months I mean that's just horrendous you guys want me to talk about them what do you want me to say they got Drake they got Snoop they got Martha Stewart they got Seth Rogan okay I just said it what else is there to say you know they're burning money okay I just said that too what else is there to say you know I really don't know what to say about those guys right now like I don't own them right now but I don't know I think that there's much better opportunities in my opinion thoughts on harvest health oh I brought you guys harvest health first they exploded they initially did really really well and like everybody else they just have had a really tough time adjusting to this new environment so I like them I think they have a lot of potential but you know they've had a struggle there's no doubt about it so I'd be careful with that stock for sure I don't want to chase anything well here at the ratio it's it's improving it's getting better Pete Vararo says if ACB goes under a dollar could it be like Zina and go to 14 cents I guess anything is possible in the stock market I don't personally think it's gonna happen but anything's possible that's for sure guys we have 71 people here 45 likes could you guys find in your heart to hit that like button please pretty please with sugar on top if you guys were in the conference today please put your hands up if you guys like cannabis please put your thumbs up if you guys like NFL football NFL playoffs please put your thumbs up if you guys love yourself please put your thumbs up if you guys love your country please put your thumbs up if you guys love America please put your thumbs up if you guys like Canada put your thumbs up if you guys like the world put your thumbs up was there a lot of negative um no really there was some negative I wouldn't say there was a lot of negative but there was something I needed for sure what is aurora bro aurora cannabis acb the biggest cannabis company in the world harry glasses sometimes threat to not get answers we are all adults and put our own money in aurora I can understand now but afria and canopy are a surprise um no I don't think it's a surprise because both afria and canopy both lost money last quarter so I don't think we should be surprised I think it's pretty obvious if you don't make money stop going down and I think it's good because at least now we know everyone's drawn a line and everyone knows exactly what the the field looks like you know we all have the same playing everyone gets treated fairly everyone gets treated equally and everyone gets the same shot same opportunity see what they can do oh I'm feeling tired guys I'm probably gonna have to crash here pretty soon thank you guys for watching this is your board rich rumors to be live if you're not winning you're not watching aurora cannabis I think it's too big to fail I don't think it fails but some people don't think it goes to zero a lot of people the cannabis conference says they're going to go bankrupt I really hope that's not the case I really really really hope that it's not the case but if it is I'm sure we will figure it out I just really hope that it's not the case so thank you guys for watching if you're not winning you're not watching this your board rich rumors to be live we've been doing this since 2017 now three years talking on youtube about investing and one of our niches is cannabis investing a big fan I'm a cannabis enthusiast always have been always will be and love to work with you guys and help you create exposure and tell your story and in a fun and entertaining way together it was interesting to see so many companies in the cannabis sector it tells me that the sector is not dead yeah it's going through consolidation yeah it's gone back down but it's definitely not dead guys I promise that the sector is far from dead we're actually just getting started okay guys every says a great day enjoy your weekend your boy rich much to be live and I'm home and being in that bell hit that bell for notifications every time we go live you get access whether it's live whether it's a video you get access first it's true in real time