Tilray stock pops on purchase of eight brands from Anheuser-Busch

Tilray (TLRY) shares soared more than ten percent after the cannabis company announced it was purchasing 8 beer and beverage brands from Anheuser-Busch InBev (BUD). Shock Top, Blue Point Brewing, and HiBall Energy are just some of the brands Tilray is acquiring. The deal is expected to close later this year. Yahoo Finance breaks down the stock's action.