Described as the "Craigslist of Cannabis," BudTrader.com allows members to post and respond to ads for medical marijuana products and services. BudTrader has begun branding itself as a media outlet as well with the expected launch of BudTrader TV later this year, featuring original content from a variety of creators in the cannabis industry.
Related: Marapharm to Launch Marapharm.TV
Hedge funder Douglas H. Leighton, a seasoned industry expert in both capital management and business development, is diving into the cannabis sector. Leighton was just recently appointed to the board in an effort to grow BudTrader.com within the cannabis sector and to advise in structure and market expansion.
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"As an investor and member of both ArcView and NCIA, Mr. Leighton brings a wealth of experience to BudTrader.com. His innovative thinking has helped transform the companies he's been a part of as well as the industry as a whole," said CEO Brad McLaughlin. "We are very excited to have Mr. Leighton on the team and look forward to drawing on his experience and advice to bring BudTrader to the next level."
About Douglas H. Leighton
Doug is co-founder and a principal partner of Dutchess Capital, a Boston-headquartered global hedge fund, which has managed an investment portfolio of over $2 billion in transactional value. Doug oversees the fund's risk management and facilitates all of the fund's trading on worldwide exchanges. Doug manages deal origination in North America, Europe and Australia and is a member of the firm's Investment Committee.
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Douglas has founded several companies and has mentored several startups and growth management teams. He has over two decades of experience in equity trading, investment banking, asset management and the skillset to offer advice to startups and growth companies alike. While the funds are industry agnostic, Douglas has been largely focused on the legal marijuana market for over the past two years, initially as an observer while he conducted due diligence for several deals, and now as an active investor and board member for several companies. He also sits on the Company Selection Committee of ArcView, the cannabis angel network as well as a member of the NCIA.
Related: Is Cannabis the New Alternative Investment?
Through the Fund and personally, Doug has made numerous investments in ancillary businesses to the cannabis industry, in addition to touching the plant. He is often asked to speak at conferences regarding the business side of the marijuana business. Douglas has held seats on various boards of public and private companies, in addition to serving on the boards of several non-profits.
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