Jay-Z launches US$10 million fund to invest in black-owned cannabis start-ups
Jay-Z is set to launch a fund dedicated to increasing black participation in the burgeoning legal cannabis industry, according to a report published by The Wall Street Journal.
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Former Chanel CEO named to Credo Board
Credo has announced the appointment of Maureen Chiquet as an Independent Director of its Board. Chiquet will become the fifth woman to join the clean beauty brand’s Board, shifting the composition to 70 percent female leadership.
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DJ Khaled to enter CBD and Wellness sphere with Endexx partnership
DJ Khaled has announced his entrance into the CBD industry via a partnership with Endexx Corporation. Inspired by the music mogul’s personal wellness journey, the first collection will debut this year.
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Lessons learned in 2020 – Indie brands
Whatever anyone thought would happen to beauty in 2020, it wasn’t a pandemic-related total shutdown. However, that is what the cards dealt us all and, at first glance, Indies looked like they had the ace. After all, Indies have always had agility in their deck not to mention the fact that many are digitally native, fluent in D2C and selling via social media. Indeed, many pivoted quickly and early, turning their hands to producing 2020’s two products of the year: hand sanitizer and soap.
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Nicole Kidman enters CBD space; joins SeraLabs as first strategic business partner and brand ambassador
Nicole Kidman has joined Cure Pharmaceuticals’ subsidiary SeraLabs as its first strategic business partner and Brand Ambassador, according to Benzinga.com.
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Health supplement company LemonBox completes pre-A funding round
Health supplement company LemonBox has completed a pre-A round of $2.5 million, led by Panda Capital and followed by Y Combinator, according to Tech Crunch.
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L’Occitane Q2: Recovery could be around the corner as net sales decline narrows
L’Occitane has announced its results for the second quarter of the current financial year (FY2021). The group reports that recovery is on the horizon as its net sales decline has narrowed significantly from 22.2 percent in Q1 to 4.5 percent this quarter. As a result, sales were down 13.1 percent to €616.6 million for the six months ended September 30, 2020.
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Unilever North America expands in wellness sphere with SmartyPants Vitamins acquisition
Unilever has expanded its foothold in the wellness sphere with the acquisition of U.S.-based Vitamin, Mineral & Supplement company SmartyPants Vitamins.
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Dakota Johnson invests in sexual wellness brand Maude
Fifty Shades of Grey star Dakota Johnson has become an investor and Co-Director of sexual wellness brand Maude.
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ECJ rules on free movement for CBD
The European Court of Justice has ruled that CBD is not classified as a narcotic and therefore can benefit from the same free movement of goods between EU Member States that other legal products enjoy, according to a report published by Hemp Today.
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