THC Therapeutics has acquired STHoldings Group LLC, the parent company of Eugene, Oregon cannabis brand SugarTop Buddery, for approximately $3 million.
"This transaction is an opportunity not only for myself, but for the brand I have spent the last decade building to have the future growth it deserves," said Anna Kaplan, CEO of SugarTop Buddery. "Having fought our way through 10 years of volatility in a mature market like Oregon, our move under the THCT umbrella will provide the capital, infrastructure, and greater resources for SugarTop Buddery and our family of brands to truly emerge on a national and international stage. I am very much looking forward to engaging with new markets on the East Coast and bringing the best of what craft cannabis can be to the nation."
STHoldings Group LLC includes not only SugarTop Buddery's primary operating company STB Enterprises LLC, but also STIP, an intellectual property company holding the brand's trademarks and media assets, and STH Enterprises LLC, its hemp-focused subsidiary. Collectively, the entities generated ~$2.1 million in revenue in 2024, with peak performance reaching ~ $4.3 million in 2022.
"The acquisition of STHoldings Group adds another powerful and resilient brand to the THCT portfolio," said Scott Cox, CEO of THC Therapeutics, Inc. "Anna Kaplan's leadership and the legacy of SugarTop Buddery are exactly the kind of values-driven, operationally resilient, and culturally iconic assets that fit our strategy. As one of the few female-founded and female-led cannabis companies to scale through Oregon's challenging market conditions, SugarTop Buddery brings authenticity, a loyal customer base, and a unique brand DNA that cannot be replicated."
For more information:
THC Therapeutics
thct.io
