Creso Pharma chairman Adam Blumenthal has stepped aside after the Australian Securities and Investments Commission (ASIC) served the firm with a notice on Monday to produce documents “in connection with a current investigation”.

Creso told the ASX the notice identified “for the first time that ASIC’s investigation includes suspected contraventions by the company, its officers, agents, employees and representatives in relation to trading in its securities”.

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Prior to launching Cannabiz, Martin was co-founder and CEO of Asia-Pac’s leading B2B media and marketing information brand Mumbrella, overseeing its sale to Diversified Communications in 2017. A journalist...

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