 Cryptocurrencies, cannabis stocks, and CEO interviews, brought to you by Rich TV Live. How's everybody doing today? This is your boy Rich here on behalf of Rich TV Live, and I'm here with Aaron, a very special guest from Departures Capital. How you doing today, Aaron? Good, Rich. How are you? Very good, man. I'm excited to collaborate with you today. A fellow YouTuber, a fellow Canadian, an investor in cannabis stocks. What are you thinking about the cannabis stocks today? How's the vibe today for you? Vibes today is. We're pretty chill right now, but we have seen some really nice gains. We saw a nice bounce yesterday. I'm really liking how ACB is looking. That's our biggest holding, but it's been an eventful couple of weeks, but definitely positive. Yeah. Right now, today, I believe the market for the cannabis stocks is in the red, slightly. Nothing huge. I don't see anything crazy, but Aurora Cannabis, also one of the companies that I've talked about, tons, has some huge news coming up. Obviously, they've already announced that they are going to be listing to a senior exchange in October. Obviously, something that we're all waiting for. How do you think that will affect the stock, in your opinion? In my opinion, I think the capital is just going to pour in, and I think that's why the stock's holding up. Other stocks have pulled back so much, but ACB, it's pulled back with the market not as much. It's held at 12. I think we're going to 14, 15 within the coming weeks, that once it's listed, just look what's possible with when Chronos was listed, when Tilray was listed, when all of these guys were listed. It's time to be growth. I mean, when they know that, yeah, that's one, how could I forget that? But I mean, it's just, I think the same thing's going to happen to end. Yeah, they had the opportunity to buy such a big company with way more production capacity than Tilray. I mean, just look at what you're buying versus, I mean, that's just my opinion on Tilray. I think Tilray is pumped like crazy. Yeah, personally, I'm not going to be touching any stocks over 100. I don't even really like to buy anything over 20 bucks. That's just not really in my wheelhouse. I like to buy these stocks that are licensed producers before they explode. I think I was one of the first people to predict Aurora Cannabis, Aphria, and Cannaby Growth when they were in the dollar range, and they've skyrocketed. So for me as an investor that's benefited from that growth, I'm now looking for the next Cannaby Growth, the next Aurora Cannabis, the next Tilray, because obviously I missed out on Tilray and I'm not going to chase it at $140, wherever it's at. We're just trading it now. If you're buying Tilray, you're just trading it. Yeah, it's a day trade. It's a very risky trade. You can win, you could lose, and we know that that's very risky. What do you think about some of these up and coming stocks in the cannabis sector? I'm looking at a lot of companies like, for example, Vivo, huge news coming out, Fire, huge news coming out, XLY, huge, Aliphea. These are just some of the companies. Aliphea is a very interesting one. I'll answer that question in one second. I just wanted to mention when I was in, it was so funny. So like when I was recently in Italy, I just like was checking the market because like when the markets open in Canada, like it's nighttime in Europe, I was at dinner, I was looking at Tilray. Oh my gosh, it was the day that it hit 300. So I checked my phone Tilray up 45% again, and I'm like, oh my gosh. And then in midway through dinner, I checked my phone again. It's up over 90%. I was just like, I couldn't believe it. It was just one of those things where I know it's just a number on a phone, but it was just like, holy, what is happening? But anyways, yeah, what's your, what's your quick opinion or what do you think about just Tilray's moves? I mean, I think it's just like an entertainer in the space. I think Tilray is one of the most successful stories in the cannabis sector. This is an industry that is booming and Tilray has been a huge success. So for anybody that is a cannabis enthusiast like I am, like you are, that's in the industry talking about the stocks and really, really likes the industry. I'm very heavily getting involved with public companies. I'm working in the CBD space. I'm heavily invested. So I have a lot of interest in this industry. Tilray has been amazing. I mean, what stock has broken 100 broken 200 broken 300 Tilray. So that is just a huge success story for the cannabis sector. So from that perspective, I love it. Now, as an investment, I think it's very risky. I'm going to stay away. And from that perspective, I don't think it's very good for an investor right now. I think it could be very dangerous, but it also has some upside. Why does it have upside? This is the one thing people don't understand. Tilray has 81% of its shares locked up. They're locked up until January. Their share structure is brilliant. They only have 76 million shares issuing outstanding and they only have 13 million shares in their float. Because they have only 13 million shares in their float, it's supply and demand. People in the market want to buy it and nobody's selling. What is that going to do? It's going to make the stock skyrocket. It's a brilliant business structure. It's a brilliant share structure. They are a brilliant company and they have been a massive success story. Now, whether it lasts remains to be seen, but I believe right now for the industry, it's a very good thing. It makes it so hard to short, right? I believe like I was reading like they were charging 600% interest a year just to short the stock. So that's 2% a day because if it's yeah, if you didn't catch that stock like within a week before it dropped and you're paying that interest every single day, you're just paying to lose money essentially. You know what I mean? So correct. And there's a lot of people shorting Tilray and can it be growth? I was reading an article yesterday that said that the short interest on canopy growth and Tilray is higher than anything anyone's ever seen. That's how many people are short on Tilray and canopy growth. Now, a lot of people think that's a very scary thing and including me when you got that much short pressure on those securities. However, however, when you're short trading a stock, you sell it high and you buy it low. So when these shorters are covering that that creates massive volume in these securities and it forces them to buy it back at a lower price, which is going to drive the price back up. So that's why I told everyone when Tilray went back to 100, I said it's going back up and everyone's like, why? I go because these are just shorters covering and in order for them to cover, they're going to buy it back up because that's how you cover. You got to buy it back. So they're buying it back up to cover, then they're going to short it again at 150, 160, take it back down to 100, cover again at 100, all the way back up. It's a game. It is a game. And the people that play it the best make the most, but it is a game and you have to understand to play the game. And this is why here on Rich TV Live, I always say, buy in the red, sell in the green, learn to play the game within the game because none of us, nobody's big enough to control the market. Rich TV Live, you know, we're not big enough to control the market. As much as people think, oh yeah, Rich, you put it on the news, it's no, it has nothing to do with me. The market is controlled by institutional investors, whales, rich people, short traders, retail investors, people like you and me, speculators, day traders, momentum traders, you name it, they control the market. It's a combination of everybody. That's what it is. And anybody that thinks that a promoter or a YouTube channel or anybody can control the market is crazy. Yeah. It's crazy. You can't because you look at the volume of some of these companies, they are astronomical. Like that day, I remember there was more dollar volume traded up till Ray than Amazon. Exactly. Like that's mind boggling, a brand new company that most people don't even know about yet and you're trading more than Amazon. 36 million shares, 36 million shares were traded that day. I could be wrong, but it was in the 30 millions, I think. And that's a $300 stock at one point. And I'm not surprised because till Ray is a genius company. They're here from Vancouver. They're from Nanaimo, I believe, from the island. Okay, yeah. They're a Canadian company. They got a listing in America on the NASDAQ and they're not even listed in Canada. You want to talk about a brilliant company? They have made all the right moves. You know what's ridiculous? I've found in this industry, just being listed, regardless of your business fundamentals, has almost been better than actually having a great business model and great production capacity. Just the fact that you're on the American exchange, being available for investment, it drives the stocks a bit crazy. It's a crazy industry. Like right now, look at Labs. Labs is a new IPO. It just came out today, LABS. It's going nuts. It's at $2.16. I'm watching it right now. It's like a war zone. It's up 116%. However, it opened up at $3 today. So it was up 200% pre-market, pre-market. And they did a funding at 85 cents. So all of those guys that got it at 85 cents, they've already made three, four times their money. First money in. I would love to get your take on Australia's capital. I own it. I love it. It's Aurora 2.0. Rivers is Canopy 2.0. I keep telling everybody, just because a stock goes down, doesn't mean it's a bad stock. And just because a stock goes up, doesn't mean it's a good stock. First day, it hit like 16 bucks intraday, which was. And now it's at $2. And now it's at $2. And I own over a thousand shares. And I'm going to keep buying more because I look at it like it's Aurora 2.0 because it's a long term. Definitely. It's Aurora 2.0. I mean, you've got Aurora backing you. Oh yeah. That's all I got to say. You've got Aurora backing you. I mean, free shares and warrants. That was nice, definitely, to get some free shares and free warrants. Not free, but because you own a Aurora stock, you got those other stock. Yeah, it was a dividend. So anybody that held some Aurora received, like you said, free shares in AUSA and AUSA.WT. So yeah. So I was pretty excited about that. And I bought more of both because you have the ability to exercise. Like for example, if you bought, I think it was 500 shares of Aurora, you got like 14 warrants, was the number. It was one for every 36 shares. Yeah. Yeah. So it was like 14 and 14. It was breaking it down statistically. So if you got 14 and 14, you can go and buy another 14 and 14. And you were getting the opportunity to take advantage of them at a lower price. So I went and just bought like $1,000 of each that I just own. And I said, you know, I'm just going to hold these long term, but I'm going to buy more. I'm going to buy about 10 grand of each. And I'm going to be buying rivers as soon as I can. I'm just waiting to watch it hit a bottom. Yeah, I think that a week to two weeks after those kind of IPOs, because they were flying high like first day, second day, crazy volatility. Like you saw it go from 16, first day, it hit a high of 16 and closed at $2.93. The next day it went back up to $5.50. Then it closed at $3 something. And I think in the twos, like that range, probably pretty good. I know Canopy Rivers. What's Canopy Rivers at right now? Let's see. When I checked recently, it was at like $5 or something. Last time I looked, it was at $5.99. Yeah, something like that. Let's see here. It's on my watch list. $5.82. So it's down another 2% today. So for me, it's like, why am I going to buy it if it keeps going down? I just want to keep watching it go down. If it goes to about $5 or $4, I'm going to load up. I'm going to load up. To me, this is Canopy 2.0. I made money on Canopy. I'm very happy with Canopy. It's done very well for me. But Canopy is way too expensive for me now. This is an opportunity for me to get into Canopy again at a low price. And I'm going to do it for sure. You know the funniest thing? So I was watching Weedstocks for the longest time. And like Canopy, I believe in the company, great company, but I always thought this stock was a little too expensive. Yes. It was like 30, 40. And you're seeing Aurora like single digits, right? And it's just, it might just be a mental thing that Aurora is only eight bucks. And there's more shares of Aurora. That's Canopy's whatever. So the first day I bought Canopy was the day before they announced the Constellation Brands deal. They doubled. I was like, how does this happen? And I told my dad to buy it too. I was like, Hey dad, like Canopy's going to announce like their quarterly earnings. I'm just going to put some money into it. You should probably do the same. He's like, Oh, I don't know. Canopy's pretty expensive. I was like, just trust me on this. Within a week or two, we sold it at 60, I don't know, 65 or something. I was just like, you made over a hundred percent. Yeah. Yeah. No, that's the beauty of the stock market. That's why we all play the market, right? Is for those opportunities to explode. But listen, we've been live for a while. I need to go back to the market. I'm watching these markets and I want to start doing some trading. So my friend Aaron, let's do this again soon. Okay. Yeah. Let's get back to the markets. Let's do some day trading. Thank you for your time today. And guys, everyone that's watching, we're going to be doing this all the time. If there's anything you want us to talk about, comment down below. If there's any stock picks you want us to look at, if there's any discussions you want us to have specifically, any debates you want us to have, polls you want to ask to have, please comment down below, like this video, share it everywhere. It really helps myself and Aaron a lot. Okay. We really appreciate all your support. You guys are amazing. And remember, Rich TV Live is strictly for education, entertainment purposes. I am not a licensed advisor. Do your due diligence, do your research before you invest in anything that I talk about on Rich TV Live. Okay. Please do your due diligence, buy it because you love it, not because you're hurting here first. Got anything to say here before we go? No, that was phenomenal. All right, man, we've got some parting music here. Thank you for watching. Hit that like button, subscribe, hit that bell from, hit the bell for notifications. Every time I go live or Aaron goes live, every time we got a video, we got breaking news, you'll know first, it's true. We up. All right, crypto currencies, cannabis stocks, and CEO interviews brought to you by Rich TV Live.