Bit Brother surges on majority stake buy in Angelo's Pizza

Bit Brother

13/07/2021 13:48

** Shares of specialty tea products retailer  BTB.O  jump
14.9% premarket, set to open at a two-week high of $2.24
    ** BTB, formerly Urban Tea Inc, to buy 51% of restaurant
chain Angelo's Pizza 1697 Inc for $12.5 mln - 50% to be paid in
cash and rest in BTB's shares  urn:newsml:reuters.com:*:nFWN2OP02K
    ** On completion of deal, chain restaurants will begin to
accept cryptocurrency as a form of payment
    ** Shares of BTB set for their best session in 11 weeks 
    ** Angelo's Pizza plans to expand into Canada, Japan, South
Korea, China, Singapore, Australia, and New Zealand; All
branches in countries outside China will accept bitcoin
 BTC=BTSP  amongst other payment methods 
    ** Stock up 12% this year, as of last close
    
    

 (Reporting by Susan Mathew)
 ((susan.mathew@thomsonreuters.com))