Officers acting on intelligence executed two search warrants at adjoining properties on Glendinning Road at around 7am on Friday.
Police said drugs with a potential street value of at least £900,000 were discovered at the addresses.
No one was arrested.
However, cops say they are following a positive line of enquiry.
Enquiries are ongoing.
Detective Inspector Murray Owen said: “Police Scotland remains committed to the Serious Organised Crime Taskforce and the country’s Serious and Organised Crime Strategy, and our officers are determined to protect members of the public from this type of criminality.
“Anyone who brings drugs into our communities for their own illicit gain should be in absolutely no doubt that we will rigorously pursue every means possible to disrupt this activity – we will find you and bring you to justice.
“The public has an important role to play in this and we encourage anyone with concerns or information about drugs to get in touch with officers via 101 or make a report anonymously to Crimestoppers on 0800 555 111.”
