News Release
BCSC panel finds that U.S. company and B.C. man breached cease trade order
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Date:
2026-03-05 -
Number:
2026/014
Vancouver – A BC Securities Commission (BCSC) panel has found that a Nevada company and its B.C.-based former CEO breached a cease trade order (CTO) by distributing millions of dollars worth of shares and promissory notes.
In 2014, the BCSC’s Executive Director issued a CTO against Green Hygienics Holdings Inc., a Nevada corporation that is a reporting issuer in British Columbia. The order is still in place.
Despite the CTO, Green Hygienics issued treasury shares to 50 people between 2019 and 2021 for a total value of $5.4 million. The company also issued two promissory notes, one in 2020 and one in 2022, worth nearly $3.1 million combined.
By doing so, Green Hygienics breached a CTO issued under B.C.’s Securities Act.
The panel found that Ronald Wayne Loudoun – who was also the company’s president and sole director – authorized, permitted and acquiesced in Green Hygienics’ breach of the CTO and therefore also breached the CTO in the same ways.
In addition, the panel found that Loudoun personally breached the CTO by transferring 250,000 shares of Green Hygienics and by facilitating the trading of company shares to two people.
The panel dismissed allegations that Loudoun personally breached the CTO by transferring 500,000 shares to an individual because the BCSC’s executive director did not establish that he owned the relevant shares.
The respondents did not participate in the liability hearing. The parties have been directed to make submissions on sanctions.
About the BC Securities Commission (bcsc.bc.ca)
The BC Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.’s investment market, we’re committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.
Media Contact:
Elise Palmer
604-899-6830
Public inquiries:
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