The Sydney offices of controversial penny stockbroker EverBlu Capital were one of several sites in Sydney and the Gold Coast raided by federal police as part of a sweeping corporate investigation that has also entangled heavily promoted cannabis stock Creso Pharma.

The Australian Securities and Investments Commission’s wide-ranging investigation may include examining trading and disclosure around Creso, which is chaired by EverBlu’s Adam Blumenthal. Another major Creso investor is flashy stock promoter Tyson Scholz, who is also said to be caught up in the investigation.