At a meeting held today, the Adastria Co., Ltd. ("Company") Board of Directors approved a resolution to transfer all equity held in Velvet, LLC (California, USA; ("Velvet"), a subsidiary of a Company specified subsidiary (sub-subsidiary), Adastria USA, Inc., to PIVOT GROWS LLC (Delaware, USA; "PIVOT").
* Details of the above release can be viewed in PDF file.
Notice Concerning Change (Equity Interest Transfer) in Specified Subsidiary (Sub-Subsidiary)