Florida Governor Ron DeSantis instructed the State Board of Administration (SBA) to launch a inquiry of the global equity assets that it holds with Anheuser-Busch InBev following the fallout the company has faced after one of its top brands, Bud Light, engaged in paid marketing engagement with a controversial transgender influencer.

DeSantis sent a letter to SBA Interim Executive Director Lamar Taylor highlighting the nearly 30 percent loss in sales the company saw during the month of June. The SBA is an asset management organization responsible for investing Florida’s state and local government assets.

“As sales of AB InBev products within the U.S. continue to precipitously decline, reports are now emerging that large American mainstays like Costco will be pulling Bud Light from the shelves,” the 44-year-old Republican presidential candidate wrote. “Clearly, the Board’s mismanagement — as well as its failure to remediate the problem and repair its relationship with millions of disaffected American consumers — has led to this impasse and will continue to financially harm the SBA and other shareholders.”

DeSantis said it was critical that the SBA remain committed to its legal obligations to “prudently manage the funds of Florida’s hardworking law enforcement officers, teachers, firefighters, and first responders in a manner that focuses on growing returns, not subsidizing an ideological agenda through woke virtue signaling.”

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“I therefore request that you immediately initiate a review to examine how AB InBev’s conduct has impacted and continues to impact the value of SBA’s AB InBev holdings,” the governor said. “It appears to me that AB InBev may have breached legal duties owed to its shareholders, and that a shareholder action may be both appropriate and necessary. To protect SBA and the retirees of Florida from losses attributable to AB InBev’s disregard of those duties, all options are on the table.”