The share price for Lark Distilling has dropped sharply after a video of CEO Geoff Bainbridge doing drugs was obtained by The Australian newspaper, according to Sky News Business Editor Ross Greenwood.
The video, apparently filmed by Mr Bainbridge, runs for nearly a minute and shows him smoking a methamphetamine pipe and performing a sex act.
Lark Distilling which is worth more than $340 million and owns fast-food chain Grill’d – a business Mr Bainbridge co-founded – saw its share price suddenly drop almost 20 per cent.
Mr Bainbridge resigned from Lark Distilling and Grill’d shortly after the video was published.
