let's dig deep were brendan kennedy, the ceo of tilray find out why the investors are so excited aboutcompany and the amazing opportunity in front it mr. brendan, welcome to "mad money. great to have you. >> thank you >> have a seat. >> the only sanctioned place to have pot until today was the university of mississippi. do you think the dea is loosening up restrictions because this is compassionate use stuff? >> i think so. the dea started to loosen up restrictions back in august 2016, and they said they were going to allow sources of medical cannabis for research from other countries and other places, and today proves that they were willing to follow through with that statement. and so we couldn't be more thrilled to be able to export medical cannabis products from canada to the u.s. for this trial at the university of california >> how big could medical be? >> i think medical could be somewhere around $100 billion industry globally. if you look at -- i've been doing this for eight years eight years ago there were 15 countries in the world that had legal cannabis today there is about

. >> david, i know you're on the phone but i have brendan kennedy from tilray, david. >> if he were availablelet me give david a call. that's how you get ahold of david. david. just a sec call david faber he'll find out carl, we don't know what's happening. >> i know but tilray is up 14% in the meantime. >> bit of a short squeeze. >> yeah. >> jim, that's the show. can't wait for tonight "mad money" 6:00 p.m. eastern time much more onthe tariff battle between china and the u.s. ge vice chair beth comstock. dow is up 85 really want to be there, but you can't. at cognizant, we're helping today's leading media companies create more immersive ways to experience entertainment with new digital systems and technologies. get ready, because we're helping leading companies lead with digital. ♪ i don't care where we go get ready, because we're helping leading companies ♪ and i don't care what we do ♪ just take me with you there are roadside attractions. and then there's our world-famous on-road attraction. the 2019 glc. lease the glc300 for just $469 a month at your local mercedes-benz dealer. mercedes-b

the ipo was 9 on days ago for i had brendan kennedy on tuesday, he's the ceo, the executive chairmanf a privateer. the ---ed brand are from privateer, which is a private company, controlled by peter theel. >> i suggested it was -- i talked to a company at the green market report, and he didn't say that he said, listen, 150 billion, in other words i said 500 billion -- only 10 million shares are outstanding that can trade. there's 7 million total. he did not deny like in the prospectus that he needs to raise capital. remember they have, what, 200 million versus canopy with 6 billion form there's a lot of people who feel he is stoking it illustrates you could say theoretically -- >> what do you tell people, though, it's for those of us in the late '90s, it's somewhat reminisce president of a handful of those names that were just going up every day, in part because, of course, we had this huge moment of change that we knew was coming. >> you can't short it. you have a 22 billion company. they have a tie-in novartis, santos canada. that's a realistic tie-in, 9 million in revenues this qu

see today alone, it's up 62% it's at 250 bucks of the high of the day was at 300 bucks the ceo brendan kennedy on "mad money" last night talking about his company's capital needs. >> you've got far less cash than canopy and they have 5 billion isn't this the time to strike and raise capital, which, by the way, there would be nothing wrong if you said yes, obviously we need more capital. >> we obviously need more capital, yes, which we said in our prospectus the intent is to build a global company. we're in 12 countries today on five continents. it's very clear that we'll add additional countries in the coming years so that requires us to increase our capacity substantially as we introduce products such as these and other products around the world. >> joining us now is a manager of a global cannabis portfolio thanks for joining us. >> thanks for having me. >> you're invested in marijuana stocks >> we are. >> what do you think of a name like tilray when you say it up 70% after halting several times today? >> we think it's a little silly. cannabis with a great global theme where people end up vot