Las Vegas, NV – THC Therapeutics, Inc. (“THCT”), operating under the ticker OTC: THCT and focusing strategically on the burgeoning legal and regulated cannabis industry, has announced a significant expansion of its operations in the Pacific Northwest with the acquisition of SugarTop Buddery.
The company confirmed the completion of the acquisition of all issued and outstanding membership interests of STHoldings Group LLC, the parent company overseeing the operations of SugarTop Buddery. Based in Eugene, Oregon, SugarTop Buddery is recognized as a well-established and iconic brand within the state’s competitive cannabis market.
Transaction Details and Structure
The deal, officially closed recently, is valued at approximately $3 million. The acquisition was executed through the issuance of newly created Series D Preferred stock by THC Therapeutics. This structure provides THCT with full ownership control over STHoldings Group LLC and, by extension, SugarTop Buddery, integrating the Oregon-based brand fully into the acquiring company’s portfolio.
This move represents a continuation of THC Therapeutics’ stated strategic objective to build value through targeted acquisitions within the fragmented cannabis sector. It is the company’s second significant purchase as part of its defined “roll-up strategy,” a method commonly employed to consolidate smaller businesses within an industry to achieve economies of scale and market share.
The SugarTop Buddery acquisition follows THCT’s prior strategic move in June 2025, when it successfully acquired The Headquarters Group. This earlier acquisition laid initial groundwork for THCT’s expansion initiatives, and the addition of SugarTop Buddery solidifies its growing presence, particularly within the Oregon market.
SugarTop Buddery: A Decade of Community and Culture
Founded in 2015 by co-founder and CEO Anna Kaplan, SugarTop Buddery is currently marking its 10-year anniversary. Over the past decade, the brand has cultivated a distinct identity in Eugene, Oregon, distinguishing itself through its deep connection to the local community and its unique “music-inspired” approach to cannabis.
The brand is widely described as an iconic fixture in the Eugene area, known not just for its products but also for its strong commitment to artistry, equity, and sustainability principles within the cannabis industry. This focus on values, community engagement, and cultural integration has been a cornerstone of SugarTop Buddery’s success and local appeal.
Ms. Kaplan, reflecting on the transaction, expressed optimism about the future prospects stemming from the acquisition. She stated that the deal provides the necessary “capital and resources needed for SugarTop Buddery’s national and international growth.” This perspective highlights the potential for the Eugene-based brand to leverage THC Therapeutics’ infrastructure and financial backing to expand its reach beyond its regional origins.
Strategic Vision and Future Outlook
THC Therapeutics’ roll-up strategy aims to consolidate promising and established cannabis brands like SugarTop Buddery into a larger corporate structure. This approach is designed to create synergies, optimize operations, and build a more robust, diversified company capable of competing effectively in the evolving legal cannabis landscape.
By acquiring SugarTop Buddery, THCT gains immediate access to an established customer base, operational facilities, and a recognized brand name in Oregon. The integration is expected to enhance THCT’s distribution networks and product offerings, particularly in a state known for its mature and competitive recreational cannabis market.
The acquisition signifies THC Therapeutics’ commitment to growth through strategic consolidation. The company’s continued execution of its roll-up strategy, marked by the acquisitions of The Headquarters Group and now SugarTop Buddery, suggests a clear path towards building a larger, more influential presence in key legal cannabis markets across the United States and potentially internationally, capitalizing on the unique strengths and established goodwill of the brands it brings into its portfolio.
