Medicinal cannabis wholesaler Ardezen has declared it is "fully cooperating with all relevant authorities" after police allegedly found large quantities of Ardezen-branded packaging at the home of a man arrested on drug supply charges.
Officers made the alleged discovery when they searched the southern Sydney residence of Joseph Younes, 40, who was taken into custody last week and charged with drug supply offences.
Details also emerged during a Central Local Court hearing — and reported by The Daily Telegraph — that Younes allegedly visited multiple banks over a 12-month period, depositing $1.8 million into an Ardezen account.
According to police, Younes was involved in the supply of 1400kg of illegal cannabis.
Bail was refused and the matter was adjourned to September 25.
There is no suggestion of any wrongdoing by Ardezen.
The Melbourne-based wholesaler, founded by former MediPharm Labs Asia Pacific directors Warren Everitt and James Lee, said in a statement that it operates "under strict regulatory and ethical standards and maintains a zero policy for any conduct that breaches legal or professional obligations".
"We are aware of the current police investigations and can confirm that we are fully cooperating with all relevant authorities," the company said. "We take these matters seriously and are committed to ensuring full compliance across all areas of our business.
"Ardezen has robust systems in place to uphold the integrity of our operations and will not hesitate to take appropriate action if required.
"Throughout this process we remain focused on delivering safe, reliable and compliant services to our patients and pharmacy partners."
Ardezen said it would not comment further "while investigations are ongoing".
