 Hey, how's everybody doing today? This is your boy, Rich, and I'm here with a very special guest. We're here with Dylan How you doing today Dylan? I'm good. How are you? I'm doing very well We've been talking about a very interesting topic. Okay, so what was the first stock that you ever bought? So the first stock I ever bought was ACB myself, okay? So there's an article it says a cannabis producer just popped Apple as The favorite stock among Millennials and that stock happens to be Aurora cannabis What do you think? Why do you think that millennials love Aurora cannabis so much? Like do you actually think that Aurora cannabis has to potentially go up more than Apple? So I mean from my perspective and I think a lot of kids a lot of kids see the valuation in the cannabis market And they see it as a growing Exponentially thing. I mean a lot of kids do it a lot of a lot of people participate in it It's like a recreational activity And so like I think a lot of people see the market for it even as a recreational activity But like not like not even regarding the medical market for which is which is exponential And I think a lot of people Are viewing that as kind of like because like technology is like already a wave I mean like it's already been done I mean it's gonna keep growing, but I think like the next thing that boom up really is the cannabis industry And when you look at like the bigger picture, I mean the first thing you Google I mean Aurora cannabis is gonna be in an article like and there's a lot of speculation on it like both both sides But I think a lot of people with my like am I like everything? I think people that I think people are very They like like the volatility of it. They like to the fact that people are like not outright saying like oh, it's fantastic It's this I mean there's also bad, but they see like the growth in it They see that like oh, yeah, this is a somewhat risky investment But they see like the exponential growth that this company is able to able to keep up with because their company It's very acquisition heavy And I mean just as like a rate a regular follower someone that doesn't like understand or someone that is like very new to the situation I mean people are gonna see the fact like oh, they bought this people they bought this they bought that You know what I mean? They're gonna see that as wow I mean this is a company that's really like capitalizing on the global market and they could really like Exponentially increase something like Apple they're gonna turn something that's like an idea into like a multi-million dollar everything And they're gonna run the show. Very good. Now. Why Aurora though? Why not Africa? Why not? Can you be growth corp? Why were why do you think it's Aurora? Why is Aurora the number one? I Mean from the second I even laid my eyes on it I felt like I felt like that always had something like special to it because I feel like a lot of the other things It was more like positive and like Aurora I feel like people are kind of like trying to like shrug it away like it could be but it's not going to be and I remember I read a lot of articles that were like well, it could be you know Like it is what it is blah blah blah But I like really look through it and I was like and I think a lot of other people are gonna look at it this way Too and I think it's like just a fact of like they they're revenues increasing like crazy And they're just like positioning themselves just so globally there. I mean like like I said, they're so acquisition heavy I mean they have a big stake in a lot of things and so I think that they see that as Something that could just keep growing and growing and growing and like I think that they think that that and I think myself that it Can become an empire one day like something like Apple has I mean like absolutely a hundred percent now is Is it the price because obviously can't even grow to Zeta much higher price. Yeah, Africa is pretty close Is it the price that got your attention because Yes, so the price got my attention and I like that it was lower because I feel like with the lower stock It's like more opportunity for people to buy in more people more people realize the value in that and even like even that alone We'll bring it up. I mean, I think I think that at a low price like that that way It's even it's even better for people that don't have a ton of money to put in the market Because I mean when you have like a lower amount of money I mean you're you really tend to stay away from like the the higher share that the higher cost of shares I mean like you see like tell Ray and all that stuff I mean like they're up like 80 bucks like they're up there And I think a lot of people see like the affordability of it Which is I mean not an entirely wrong way to think about it But I think they feel like they can load up on more shares and they can get a bigger stake in it And I also think that going back to the fact that like there's a bunch of other ones like Africa is right there And I think that that's kind of like if you want to relate it back to the Apple analogy I would say that it's similar to how like there's Apple and there's Microsoft and everything I mean, I would say that there's very similar companies that are all gonna do very successful But and I think honestly, I mean you can have your fair share But I think that both of those companies are gonna do extremely well And it's it's literally gonna become like a Apple or Microsoft thing where it's like pick your poison I mean you're gonna do well either way What about the fact that the influencers are talking about it a lot? I was the first person I Remember on YouTube talking about our cannabis January 2017. It was under $2. And I remember making videos In 2017 when people didn't even know about our cannabis, then you fast forward to 2018 There was you know about a handful of influencers talking about our cannabis now you fast forward to 2019 and there's a lot of people talking about our cannabis Like me on YouTube Instagram Facebook different social media platforms Do you think that that has an effect on why millennials like our cannabis so much? So I yeah, I definitely do think that has a big play on it because I feel like they see the publicity of it They they see like if it's being I mean a lot of people Especially if you're not like heavily involved with the market reading a lot of articles If you're not like all the way caught up with everything If you see a stock that's constantly in the headlines constantly being talked about I think you could that you kind of see that and you're like Wow, like I mean that that and especially at that price, too Like it looks like wow that could be something that like turns into something awesome That could definitely be something that like it like it starts off low Like kind of like how Apple did starts off low and I'll look at it It's it's blossomed up to like a huge a huge thing where people like we're making like their retirements off it and I think that Definitely What do you think like I Been saying Aurora cannabis for two years. I think it's gonna go to $100 one day. What do you Potential for our Canada's one day. Do you see a $50 stock? Do you see $100 stock? What do you see? Yeah, I see $100 stock most definitely I think that once they get their their their share count cleaned up and they get all their ducks in a line I think that they're a very valuable company that will kind of I think that by doing that they'll be they'll eliminate a lot of their volatility and it'll become more of a Settled company and more established like kind of like an Apple and they'll be traded with like with that type of respect as well And I think right now we're seeing a lot of volatility because they don't they don't have that type of respect people aren't afraid to short them I mean they're just able to I mean people who know what they're doing are able to short them and abuse them in the market because They don't have everything that an established company would have just yet They have the potential just not just yet. And so I think that that that leaves room for that But I think that once that all gets out of the way. I think that we'll see an exponential growth. Definitely Okay guys, I want to let you guys know something Always do your own due diligence always do your own research before you invest in anything that we talk about here on rich tv live Okay, I am not a licensed advisor Dylan is not a licensed advisor. We're just Average people trying to do above average things. Okay, and we want to share the tools that we've learned how to use That can help us make money But there's no guarantee that any of these stocks are going to keep going up or they're going to go down We do not know nor do we control the market. Okay, but I'm going to tell you something. Okay Today I was listening to Bloomberg and an analyst got on there and he said Uh a question came on, you know, what do you think about cannabis stocks and the analyst said this He said cannabis stocks are overvalued Grossly overvalued. They actually asked him about aphria. He said I can't wrap my head around aphria I won't buy aphria because aphria is trading at a price to earning ratio that doesn't comprehend in my brain So this is a big financial fund. Okay, so I want to make sure everybody understands This is a game the cannabis stocks right now are trading at Values that are above the streets. Okay, so the street average is about six to 15 times price to earning ratio That's kind of standard for wall street and bay street across north america What's happening now with cannabis stocks? They've been trading as high as at some point when tilray was at 300 and canopy growth was at all time highs They were trading at 250 300 times price to earning ratios That is not sustainable. Okay in any world shape or form However, however Canopy growth has acquired billions of dollars Prono's group has acquired billions of dollars Aurora cannabis is in 22 countries and will be making billions of dollars in revenue This is why they're trading at these crazy Fundamentals which fundamentally right now can't be justified But in the future will be justified. This is why they're trading so high Which creates like you said massive volatility. Do you need very careful? That is why it's vital that we work together as a unit that we really Watch these stocks together. We support each other as a community and we find the bottoms We hunt the bottoms and we really work as a community to say, okay, we're at 52 week lows. Now's the time to buy Okay, we're at 52 week highs now's the time to sell and really learn how to make money During the patterns because there's patterns that are being created in this marketplace, which is literally a bubble We're living within a bubble And some of these stocks are going to go even higher and some of them are going to go lower because what's happening is They can't justify their price to earning ratios So that's why you're seeing companies like abadis that are having issues with the regulatory body here in canada Abadis with all the way down to six cents and now they're having issues with the regulatory body You're going to see examples of companies that will fail And then you're going to see some companies like tillray that shoot out the gate and they never come back down to earth Because they're in the right place at the right time and they've got a license to work in america And they're going to be a monster. So that's why they're trading so high And they have a very tight float and they don't have a lot of shares in the marketplace Which is crazy getting massive dilution, which is forcing the price up This is what you're going to see and this is why it's so vital that we have a community like we have here Where we can work together to identify the share structure Really learn about the management team learning about their revenues reading their balance sheets Learning to see which ones are really profitable. Which ones are generating, you know, a high price to earning ratio Which ones are trading at reasonable price to earning ratios learning how to read their balance sheet and see how much companies Debt ratio are and how much revenue they have in conjunction to their debt ratio These are all things that we have to get better at as a unit as a community And believe that we are getting better And we will continue to get better And if we continue to look for companies like Aurora cannabis And all the millennials are investing in buying Aurora cannabis and we can find the bottoms Like before I went on my trip. I bought it at seven dollars I just knew was the bottom because I've been watching the stock for two years, man So I kind of knew yeah, it's not the bottom, but it's gonna go up And I was gone for 30 days. I put in $3,500 bought 500 shares And I came back 30 days later sold yesterday at 10 77 pulled out $1,900 on a $3,500 investment Now all of a sudden I got $5,400 to play with and I'm gonna look for my next position in the next stock I can teach anyone how to do this. You can teach anyone how to do this Absolutely And we buy red and sell green we can win anybody can do this and obviously millennials are starting to do it They're buying more Aurora than they're buying apple It's crazy Yeah, I think it's awesome I think that I think that's awesome that we're seeing that especially with millennials I think that a lot of people are realizing the true value in the stock market and like just as a whole are Like kind of realizing that it's a great way to make some extra income and it's it's it's also like something to get involved with It's just something that to get up every morning and be like, it's gonna be a good day in the market So I think that that and that alone I think that that's an awesome thing that we're starting to see an increase in people investing and kind of keeping their eyes Open to the stock market and just getting involved. So I think that that's a great thing alone Well, you know what we've been talking for some time now So we're going to get back to doing more research because this is all about the research people. Okay, so Dylan Thank you for your time today I really appreciate your insight on why millennials and why young investors are interested in aurora cannabis I hope that you have more success with all of your trading moving forward. Let's do more videos Let's continue to talk. Let's educate the youth about the importance of investing Learning how to build equity in themselves learning how to invest in good long-term companies And learning that. Hey, you know what? We're in a wave right now in the cannabis sector and if you make some good decisions, you can make a lot of money Absolutely And with that money you can have freedom so that you too can go and travel to places like the dominican republic Or ever you want to go and travel with your friends and your loved ones Absolutely, I think that it's great. It'll definitely transform your life if you do it, right All right guys. Thank you for watching if you're not winning. You're not watching. This is your boy rich with dylan and we're out peace