FilingReader Intelligence

Adastria completes US market withdrawal with Velvet divestiture

July 28, 2025 at 07:12 AM UTC•By FilingReader AI

Adastria transferred all equity in subsidiary Velvet LLC to PIVOT GROWS LLC, effective July 25, 2025.

The divestiture follows Adastria USA's liquidation decision in March and marks the completion of the Japanese company's withdrawal from the US market.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

Notice concerning a change in a specified subsidiary (sub-subsidiary) (transfer of equity interest)July 24, 2025 at 09:00 AM UTC

Supplementary Source Documents

Notice Concerning Change (Equity Interest Transfer) in Specified Subsidiary (Sub-Subsidiary)July 24, 2025 at 09:00 AM UTC

Adastria

TSE:2685•Tokyo Stock Exchange

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