Reposting a decent theory from Reddit:
EMI had the Pumpkins rights and an enthusiastic team helping make it happen. Then the music portion was sold to Vivendi/Universal Music Group and the publishing to Sony/ATV. I suspect either Universal has no interest in continuing the Pumpkins reissues or there is a red tape divide between Universal and Sony, since the publishing side (Sony) legally must be compensated for the use of copyrighted publishing materials present in the use of Pumpkins recordings (i.e. mechanical royalties for the recording itself, but also publishing royalties for the song contents as well). Something tells me Universal and Sony probably don't play nicely together.
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