Rich Backs Aurora Cannabis, Calls It a “Very Safe Bet”

Rich doesn’t just advise RichTV Live community members on theoretical moves in the cannabis sector. This man’s got skin in the game. Today he sold his holdings in MediPharm Labs Corp. (TSX:LABS) (OTCQX:MEDIF) and used the proceeds to invest in Aurora Cannabis (TSX:ACB) (NYSE:ACB) instead.

“I feel very confident in this investment, I feel confident that [the share price] will go back higher,” says Rich. “It was at $9.06 earlier today, so to pick it up at $8.78, looking at its chart, it felt like a good investment. And taking a look at its last three months, you can see Aurora has been much higher.”

Let’s break down this move.

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Aurora Cannabis is an Industry Leader

The Edmonton based Aurora Cannabis currently operates in 25 different countries. Vertically integrated and horizontally diversified, the company has an annual output capacity of more than 625,000 kgs. This makes it the largest cannabis company in the world in terms of production.

Aurora Cannabis owns 17 subsidiaries that are spread across every key segment of the cannabis value chain. It has also partnered with a plethora of up and coming companies in the cannabis space, including High Tide Inc. (CSE:HITI), Radient Technologies Inc. (TSXV:RTI), and Choom Holdings Inc. (CSE:CHOO).

For its most recent quarter, the company has projected that revenue will be between $100 million and $107 million. That represents a sizable improvement from the first quarter, wherein Aurora Cannabis generated $65.1 million, and a huge leap from the quarter before that, which brought $19.1 million in total revenue.

Rich is confident that Aurora Cannabis’s revenue announcement will be positive, and will drive the share price up. As always, he wants to know what you think.

“Do you think this is a good idea to buy Aurora Cannabis at $8.78 in Canada? Do you think I should have waited? Do you think is a buy opportunity?”

Let Rich know by joining the conversation in the comments below. Also, be sure to check out Rich’s other video where he discusses the buying opportunity presented by Aurora being downgraded by Merrill Lynch.

See full transcript below.

Featured image: Canva

Full Video Transcript

hey guys how you doing this is rich from
00:05
Mississippi lab so on my level 2 and
00:08
been a good day for labs
00:11
I sold my metaphor Labs made a profit on
00:13
that sold my entire position today on
00:15
Mehta farm labs and now I have taken
00:20
some of those proceeds and I’ve
00:21
purchased 1,000 shares of Aurora
00:24
cannabis which I’m very happy about
00:28
I bought a thousand shares in Canada at
00:31
eight dollars and 78 cents see where
00:36
were cannabis is right now it’s
00:46
currently at 8 dollars and 76 cents on
00:50
level to 876 so you know I saw it down
00:57
and I just thought you know what this is
00:59
the time if I want to get into Aurora
01:01
this is the time it’s nice and low and
01:05
yeah 878 1000 shares of her cannabis I
01:09
feel very confident with this investment
01:11
I feel very confident that it’ll go back
01:13
higher it was at nine dollars and six
01:16
cents to date so to pick it up at eight
01:19
seventy eight looking at his chart it
01:22
just felt like a good investment now if
01:27
we take a look in the last three months
01:31
you can see that it’s been much much
01:34
higher and it’s been a little bit lower
01:39
but not too much lower so in my opinion
01:45
I think this is a good time to buy over
01:47
our cannabis so I have a thousand shares
01:49
and if it goes to ten dollars
01:51
I can sell and make about thirteen
01:53
hundred bucks so I kind of like the way
01:55
that that works for me
01:57
it goes to fifteen dollars you know I’ll
01:59
make a book you know $6,300 something in
02:02
that range so seem like seemed like a
02:07
good idea seemed like a good idea to
02:11
pick up Aurora keys
02:12
love to know you guys thinks what you
02:14
guys think about that love to know your
02:16
guys thoughts about that do you think
02:18
this is a good idea to be buying Aurora
02:20
cannabis at 878 in Canada do you think I
02:23
should have waited do you think that
02:25
this is a buy opportunity for or do you
02:28
think Aurora goes higher from here do
02:30
you think Aurora goes lower from here I
02:31
think that they are going to be
02:33
announcing their revenues they’re going
02:35
to be very strong so I think based on
02:40
the fact that I saw them at like 9:40
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couple days ago I think that bind them
02:46
at eight dollars and seventy eight cents
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I felt very safe I felt like a very safe
02:52
bet I’d love to know what you guys think
02:55
if you agree with me comment down below
02:58
if you like this video smash the like
03:00
button and hit that Bell for
03:02
notification so every single time we go
03:04
live you will be notified that we are
03:06
live
03:06
okay I just purchased a thousand shares
03:09
of aurora cannabis wanna know what you
03:11
guys think comment down below share the
03:14
video everywhere
03:15
I would love to know your opinion about
03:17
the fact that I just purchased a
03:19
thousand shares of Aurora cannabis at
03:21
eight dollars and seventy eight cents
03:24
now if I look at the overall markets
03:27
right now let’s take a look here there
03:33
are some stocks that are exploding today
03:35
that I want to bring to your attention
03:39
so MTL o is up 28% at 41 cents can see a
03:46
n n is up 25% at 98 cents oils is a 15%
03:53
at 56 cents AMD is not stopping a 15% at
04:00
$33 lithium LTH m777 triple o seven
04:06
there seven dollars and seventy seven
04:08
cents up 14% e at 44 cents up and sent
04:17
pays at $14 up nine point seven one
04:23
percent C RWD
04:26
$1 of eight and a half percent village
04:29
farms vff at $16.60 up seven percent so
04:36
these are some of the stocks that are
04:38
having big days today bills VI LZ at two
04:43
dollars and 15 cents up seven and a half
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percent
04:46
Alethea at a dollar 18 up five point
04:50
three six percent thanks for watching
04:53
this is your boy rich permission to view
04:54
live follow us everywhere on all social
04:57
media we bring the winners will bring
04:59
them to first you analyze them analyze
05:02
the pics or our cannabis just about a
05:04
thousand shares left to know what you
05:06
guys think if you ain’t winning you
05:08
ain’t watching it’s true this is your
05:10
boy rich rich to be live and I’m out
05:12
peace row cannabis hasn’t failed me yet
05:17
it won’t fail me here

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