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Tilray Brands, Inc. stock sinks on Q3 earnings loss

Yahoo Finance Live’s Brad Smith breaks down the decline in stock for Tilray Brands, Inc.

Video transcript

BRAD SMITH: We're also watching shares of, yeah, that company on your screen, TLRY. Do they have an alibi? We'll find out. But they're sinking right now after the cannabis company announced it will acquire HEXO in a $56-million all-stock deal despite reporting a $1.2 billion loss in the third quarter. We're going to speak with Cowen's Vivien Azer for a full pulse check on the industry later on in the show.