Rich Provides an Investing Lesson with Sunniva Inc.

Today, Rich offers a crash course in investing by discussing his thought process behind buying ten thousand shares in Canadian cannabis company Sunniva Inc. (CSE:SNN) (OTCQB:SNNVF). Whether you’re just starting out in the stock market or you’re a long-time investor looking to compare notes with a pro, there’s a lot to learn from this video.

Why Sunniva?

From an ancient English name meaning “Gift of the Sun,” Sunniva is focused on creating sustainable premium cannabis brands supported by large-scale glasshouses and extraction facilities. The company’s goal is to become one of the lowest cost, highest quality vertically integrated cannabis producers in the Canadian and Californian markets.

Rich explains that he bought 10,000 shares in the company at approximately $2.30 each. The situation seemed perfect for an investment.

“I like Sunniva,” he says. “[The company is] very close to a 52-week low, huge upside, very tight float, considered the ‘Canopy of California.'”

Enter Your E-mail Address To Subscribe

* indicates required
 

Comparing any company to Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) is high praise, as Canopy is currently the world’s largest cannabis company in terms of market share.

“[Sunniva’s] revenue has been growing. Its 52-week high is $7.59, its 52-week low is $2.29. It’s just right around that 52 week low range where I felt comfortable picking it up. And the upside is enormous. We’re talking about a 200 per cent upside to these prices. And I believe in the future they’re going to go higher than their 52 week high.”

Rich walks viewers through the method behind the madness of investing. Buying when prices are low, but making sure that the company traditionally performs well and has a lot of room for growth are rules 1 and 2 of making money off of the stock market. Next, for a slightly more intermediate lesson, he discusses how the company’s share structure influenced his decision to purchase.

“38.75 million total shares. I can’t think of another company that has a tighter share structure than Sunniva. I’m sure there’s a few, but there aren’t many,” says Rich. “The short interest is only 28,000 shares. Out of 38 million shares, that just shows to me that no one is shorting the stock.”

Sunniva is a “Monster in the Making”

Rich made the purchase just as some of the big cannabis companies are posting growth, potentially signaling the “resurrection” of the sector that Rich has been prophesying lately. Amidst this return to form, Sunniva posted its best revenue to date last quarter at $14.2 million. That makes it the ninth highest returning cannabis company in Canada.

While he bought shares at around $2.30, Rich calls the purchases a “long-term investment” and plans to sell when prices hit the $5.00 mark.

“Sunniva could be a monster in the making,” Rich says with a smile.

Please see below for the full video transcript.

Featured image: Sunniva

Full Video Transcript

00:04
good morning this is rich from rich TV
00:07
live and I bought me some Sunniva this
00:10
morning in fact I got ten thousand
00:13
shares I feel very good about the
00:16
purchase let’s break down Sunniva just go
00:22
to WWE TV live.com and type in Sunniva so
00:35
Soneva is on the CN X in Canada and they
00:41
are on the oTCQB in America symbol is SN
00:45
& VF in America SN n in Canada now let’s
00:51
just take a look at some of these
00:55
statistics some of the reasons why I
00:58
decided to buy the stock today well I’m
01:02
gonna tell you the number one reason why
01:03
I bought the stock the number one reason
01:05
why I bought the stock is that I was
01:07
talking to Amanda yesterday and we were
01:09
talking about picks and Amanda told me
01:12
that she was very interested in Sunniva
01:13
and that she bought Sunniva and I thought
01:17
hmmm I like that play I like Sunniva very
01:21
close to a 52-week low huge upside very
01:25
tight float considered the canopy of
01:27
California so thought hmmm I could I
01:33
could live with Suniva in my account you
01:37
know as a long-term investment so I
01:41
thought alright let’s pick up some
01:44
Suniva and let’s take a look at some of
01:48
the key reasons why I bought this stock
01:51
so I mean I bought a lot about 10,000
01:54
shares around two-30 range and that is
01:58
about 23,000 dollars that I put into
02:00
Soneva this morning so I wouldn’t have
02:03
done this unless I thought it had a lot
02:05
of potential and the reality is I think
02:07
it has a lot of potential that’s why I
02:09
did this now let’s take a look at the
02:11
share info
02:13
now one of the key reasons why is that
02:19
their revenue has been growing there
02:22
52-week high is seven dollars and 59
02:24
cents their 52-week low is two dollars
02:26
and 25 cents they are just right around
02:29
that 52 week low range where I felt
02:31
comfortable picking it up and the upside
02:34
is just enormous like we’re talking
02:37
about 200% upside from these prices to a
02:40
52 week high and I believe in the future
02:43
they’re going to go higher than their 52
02:45
week high now let’s take a look at their
02:49
share structure this is the part that I
02:53
really love about the stock this is the
02:57
part that really really gets me excited
02:59
about the stock
03:01
38.7 five million total shares that’s
03:05
right
03:06
38.7 five total million shares I can’t
03:10
think of another company that has a
03:13
tighter share structure
03:15
Denson Eva I’m sure there’s a few but
03:18
there isn’t many that really made me
03:22
feel comfortable buying Sunniva the short
03:25
interest is only twenty eight thousand
03:28
shares okay so their short interest is
03:32
only twenty eight thousand shares out of
03:34
38 million total shares to me that just
03:38
signals that nobody’s shorting the stock
03:40
and their revenue let’s take a look at
03:48
their revenue so believe their last
03:53
quarter was their biggest quarter yet
03:58
let’s look at their retina
04:10
yeah so the revenue fourteen point two
04:17
million in the last quarter so they’re
04:23
only behind in Canada canopy growth
04:25
Aurora cannabis Organa gram Metis farm
04:28
labs which I own labs to áfreeá can
04:32
trust which right now is struggling
04:34
national access cannabis Mehta which is
04:37
one of the most undervalued stocks in
04:38
the whole sector Terra send and Soneva
04:41
is next so they are one two three four
04:45
five six seven eight their ninth in
04:48
revenue in Canada but the interesting
04:50
thing about this company is even though
04:51
they’re Canadian company they are doing
04:53
the majority of their business in
04:55
America and they’ve been considered the
04:57
canopy of California the revenue has
04:59
been growing like I told you fourteen
05:02
point two million the last cue that is
05:04
growing I think it’s an exciting
05:08
opportunity here at these prices and
05:10
that’s why I decided to make a move on
05:13
Suniva and buy 10,000 shares at actually
05:19
bought them at 232 so put in about
05:21
23,000 and my goal is to sell around $5
05:25
yes about Sunniva today thank you for
05:29
joining how you doing Frank
05:31
hi doing Corey hey doing Steven hi doing
05:35
max Frank says could be a monster in the
05:41
making I believe it is Steven George
05:45
says so many pics to choose from choose
05:47
the best invest in the best because you
05:49
deserve it
05:50
dante bruce says good morning rich nice
05:52
suit
05:53
thank you yeah I’m getting ready to do
05:54
an interview with Patriot 1 technologies
05:57
it won’t be a live stream it’ll be an
05:59
edited video I will be doing that video
06:02
in the next hour or so so I’m just
06:04
getting prepared for that but I thought
06:06
since I did a purchase this morning I’d
06:08
at least go live and let you guys know
06:09
what I bought and then you guys can
06:11
decide what you want to do from there
06:13
max power says Xena gonna blow everyone
06:16
out of the water with their revenue once
06:19
they’re running at full tilt I agree I
06:21
own 25,000 shares of Zen abyss
06:24
I now own 10,000 shares of Suniva and
06:27
I’m very happy with both companies and
06:31
both purchases Thank You max I
06:34
appreciate it
06:37
frank says Zen abyss was just given a
06:40
nod by Motley Fool which is insane they
06:43
don’t usually talk about small caps
06:44
under 500 million yeah I think the word
06:48
on Suniva and the word on Zen abyss the
06:51
word on some of these companies is just
06:55
getting out max Power says Xena is a
06:59
monster waiting to explode I agree and
07:04
five one for savage is saying Kira is up
07:08
17% Kira had some huge news let’s just
07:12
quickly take a look at the news I’m not
07:14
gonna be live for long today
07:15
Kira leaf to buy grass roots for 875
07:19
million in stock primarily so this is
07:23
the big news with Kira leaf and they are
07:25
exploding on this news our community did
07:28
find it first
07:29
we were talking about a first thing in
07:30
the morning I already had my heart set
07:33
on buying Soneva if I was looking to do
07:35
a momentum trade I would have bought
07:37
cure this morning but I wasn’t looking
07:39
to do a momentum trade so I just thought
07:41
you know what
07:42
let’s stick to Sunniva nice good
07:44
long-term play and I owe it to Amanda we
07:48
were talking about pics yesterday I was
07:49
actually thinking about buying Aurora
07:51
and Africa and then Amanda told me that
07:54
she has 20,000 shares of Soneva and I
07:56
was like what I was like okay I’m
07:59
stepping up my game I’m buying 10,000
08:02
let’s go so yeah I’m in on sand even now
08:06
and I feel good about it
08:07
I feel very good about it it’s a
08:08
long-term play for me you know not
08:11
interested in selling to at least five
08:19
Romano says hi rich I still love weed MD
08:22
okay very good I like weed MD to max
08:26
power says what’s up with this bi TF up
08:29
150% in two days yeah I think it’s a
08:32
crypto stock it’s making a nice run I
08:35
don’t know much about it but yeah it’s
08:37
making a nice run Nivelle on is saying
08:43
hey rich I need your help with Aurora
08:45
I feel like itchy I should sell and buy
08:48
ones under 9 yeah I don’t know if it’s
08:51
gonna go under 9 right now it’s starting
08:53
to move and I think the resurrection is
08:55
starting I think this resurrection I’ve
08:57
been talking about I believe it’s
08:58
starting frank says gonna buy one of
09:02
your shirts today support rich all mad
09:04
respek Frank Thank You Neville lawn is
09:09
asking will it go under $9 will it was
09:11
under nine dollars last week when I
09:12
think we hit the bottom now it’s well
09:14
over 950 ah it could I don’t know if it
09:19
will I think that this resurrection is
09:22
starting I mean we’re 90 days away we’re
09:24
three months away to the day today is
09:27
July 17th October 17th is three months
09:31
away legalization of edibles is coming
09:34
stay tuned
09:35
oh I also interviewed Agri floor
09:38
organics and I believe they had news
09:39
today too so keep your mind and keep
09:41
your eyes on Agri floor organics hey
09:45
Nika how you doing thank you very much
09:47
so yeah I didn’t want to go live for too
09:50
long guys so I’m gonna go now I got a
09:52
run I’m interviewing Patriot 1
09:54
technologies keep your eyes on Patriot 1
09:57
technologies ok I’m going to interview
09:59
them now they got some big things
10:00
happening and yeah
10:03
stay tuned be back later on talked about
10:06
some other stuff Thank You max where can
10:11
you find the shirts if you go to youtube
10:12
and you go to my videos and you go to
10:16
the description of the videos and you
10:18
look up in the description you will
10:20
actually see all the rich TV live
10:23
t-shirts and we’ve got like a rich TV
10:25
live store you can go to teespring
10:27
that’s the name of the company that does
10:30
all the shirts for youtubers
10:32
and just type in rich TV live and you’ll
10:34
see the rich TV live store believe we’ve
10:35
got like 60 different products shirts
10:38
track pants hoodies you name it we got
10:43
lots of rich TV live gear and I really
10:44
appreciate you guys supporting the cause
10:49
Thank You Mika appreciate that I would
10:57
interview the FSD CEO that’s definitely
11:01
in the cards I got some guys to work at
11:02
fsd pharma so I’m sure that will happen
11:07
you’re funny max yeah I like your
11:16
message here Pluto okay guys I’ll talk
11:18
to you guys soon I just want to share
11:20
with you guys that I bots and even today
11:21
10,000 shares in Canada and snn is the
11:27
symbol in Canada snn VF is the symbol in
11:30
America I will be going to do another
11:32
video here in the next hour with Patriot
11:34
1 technologies and way more stuff coming
11:36
so stay tuned thank you guys for
11:39
watching remember if you’re not winning
11:40
you’re not watching this is your board
11:42
rich from rich to be live demo the only
11:45
guy on YouTube that can actually rock a
11:47
suit it’s true peace