As reported by AFR, Australian Federal Police officers executed a search warrant at EverBlu Capital’s CBD office early Tuesday morning, which an AFP spokesperson told InvestorDaily was “in support of an ASIC investigation”.
The corporate regulator also confirmed to InvestorDaily that the search warrant was executed “among a number of properties in Sydney and Queensland, in relation to an ongoing ASIC investigation”, however could not provide any more detail.
Cannabis stock Creso Pharma has commented on the incident as its chairman, Adam Blumenthal is also the chair of EverBlu.
Creso issued a statement saying its “not aware of any information” that could relate to drop in its share price this week but has been informed of the police raid.
“The company is yet to be able to independently verify the nature of the enquiry or determine whether the matter relates to Creso Pharma Limited,” the statement reads.
“The company confirms, however, that it has not been served with any notices from any regulatory body in connection with the matter.”
Creso has since entered a trading halt.
EverBlu Capital is yet to publicly comment on Tuesday’s raid.
Neil Griffiths
Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily.
Neil is also the host of the ifa show podcast.
