The British Columbia Securities Commission ordered former Green Hygienics Holdings CEO Ronald Wayne Loudoun and the Nevada company to pay combined financial sanctions of CAD 70,000 for breaching an existing cease trade order. The panel found that, despite a 2014 order that remains in place, Green Hygienics distributed CAD 5.4 million in treasury shares and nearly CAD 3.1 million in promissory notes. Loudoun was also banned from participating in the investment markets for six years or until he pays his sanctions, whichever is later. Green Hygienics, a reporting issuer in British Columbia, issued treasury shares to 50 people between 2019 and 2021 and issued two promissory notes in 2020 and 2022. The panel found that Loudoun, who was also the company’s president and sole director, authorized, permitted and acquiesced in those breaches and separately breached the order by transferring 250,000 Green Hygienics shares and facilitating trading of company shares to two people. Loudoun was ordered to pay CAD 50,000, while Green Hygienics was ordered to pay CAD 20,000 and is subject to an additional trading prohibition until it pays the penalty. The panel also noted that some investors suffered losses and that both respondents were enriched by the misconduct.
British Columbia Securities Commission2026-06-15
British Columbia Securities Commission imposes CAD 70000 penalties and six year market ban over Green Hygienics cease trade order breaches
The British Columbia Securities Commission imposed CAD 70,000 in sanctions on Ronald Wayne Loudoun and Green Hygienics Holdings for breaching a 2014 cease trade order. The company issued CAD 5.4 million in shares and nearly CAD 3.1 million in promissory notes despite the order, and Loudoun also personally transferred shares and facilitated trading. Loudoun is barred from the investment markets for at least six years, and Green Hygienics faces an added trading prohibition until it pays.