The British Columbia Securities Commission (BCSC) has alleged that Green Hygienics Holdings Inc., a Nevada company and reporting issuer in British Columbia, breached a cease trade order that has been in place since 2014. The allegations also name the company’s B.C.-based CEO, president and director, Ronald Wayne Loudoun, for his role in the alleged distributions and share sales. Between 2019 and 2022, Green Hygienics allegedly distributed nearly 5.5 million worth of shares to 50 persons and issued two promissory notes valued at 3 million. Loudoun is alleged to have sold 250,000 shares personally and a further 500,000 shares through a company he controlled, and to have authorized, permitted, or acquiesced in Green Hygienics’ alleged breach of the cease trade order made under British Columbia’s Securities Act. The BCSC noted that the allegations have not been proven. The respondents or their counsel must appear at the BCSC’s offices on August 12, 2025 if they want to be heard before a hearing is scheduled.
British Columbia Securities Commission 2025-07-29
British Columbia Securities Commission alleges Green Hygienics breached cease trade order through share distributions and promissory notes
The British Columbia Securities Commission (BCSC) alleges that Green Hygienics Holdings Inc. and its CEO, Ronald Wayne Loudoun, breached a cease trade order in place since 2014. The company allegedly distributed shares worth nearly 5.5 million CAD and issued promissory notes valued at 3 million CAD between 2019 and 2022. Loudoun is accused of personally selling shares and authorizing the company's actions, though the allegations remain unproven.