LB Equity Finds Beauty in Cannabis With $50 Million Fund
Updated: May 21, 2021
"Private-equity firm LB Equity backed digital retailer Standard Dose through its new cannabis-focused fund. The New York firm is seeking $50 million for its second fund, which will back beauty, health, wellness and sustainability companies with a focus on cannabis-based products and related businesses. LB Equity, which specializes in beauty and personal care, seeks to invest in about 10 brands, each with $1 million to $15 million of revenue."