A British Columbia Securities Commission (BCSC) panel found that Green Hygienics Holdings Inc., a Nevada company, and its B.C.-based former CEO Ronald Wayne Loudoun breached an existing cease trade order (CTO) by distributing company securities while the CTO remained in effect. The CTO was issued in 2014 against Green Hygienics and is still in place. Despite this, the company issued treasury shares to 50 people between 2019 and 2021 with a total value of CAD 5.4 million, and issued two promissory notes in 2020 and 2022 worth nearly CAD 3.1 million combined. Loudoun, who was also president and sole director, was found to have authorized, permitted and acquiesced in the company’s breaches, and to have personally breached the CTO by transferring 250,000 shares and facilitating trades of company shares to two people. Allegations that he breached the CTO by transferring a further 500,000 shares were dismissed because ownership of the relevant shares was not established. The respondents did not participate in the liability hearing. The parties have been directed to make submissions on sanctions.
British Columbia Securities Commission 2026-03-05
British Columbia Securities Commission panel finds Green Hygienics and former CEO breached cease trade order through CAD 5.4 million share issuances and nearly CAD 3.1 million in promissory notes
The British Columbia Securities Commission panel found Green Hygienics Holdings Inc. and its former CEO, Ronald Wayne Loudoun, violated a cease trade order by distributing securities while the order was in effect. The company issued shares and promissory notes totaling CAD 8.5 million between 2019 and 2022, and Loudoun personally facilitated unauthorized share transfers. Allegations about an additional 500,000 shares were dismissed due to unclear ownership.