This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Four years after a promotion that sent OTC Markets listing Green Hygienics Holdings Inc. to a $2.45 (U.S.) high, the B.C. Securities Commission has filed a case against the company and its then-president, Ronald Wayne Loudoun. The BCSC claims that Green Hygienics and Mr. Loudoun violated a cease-trade order imposed years earlier. Among other things, the company improperly distributed $5.4-million worth of stock and $3-million worth of notes in violation of that order, the BCSC says.

The allegations are contained in a brief notice of hearing that the BCSC released on Tuesday, July 29. The notice identifies Mr. Loudoun as a B.C. resident who was the president of Green Hygienics from June 3, 2017, to Nov. 24, 2022. During that period, the company touted itself as a cannabis listing (or, in the company's words, a "technology-driven enterprise focused on the high standard cultivation and processing of industrial hemp and manufacturing of pharmaceutical-grade bioactive cannabinoids").

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS