On Wednesday, it was announced that Meek Mill has officially become a co-owner of the popular hat retailer, Lids.

According to Business Insider, Mill announced the new venture in an interview after making an investment in the company. He will also lead with their creative strategy as well as release a limited edition line of hats in August.

In the interview, Mill also applauds Jay-Z for changing his perspective on business. Mill and the Roc Nation CEO are in the process of releasing the Philly rapper’s upcoming Amazon Prime docu-series, “Free Meek”, set to release in August.