The Buried
Footnote Forensic Linguistics Analysis
on Corporate Disclosure Documents
Year-over-Year Drift SNDL
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Certainty language minus hedging language in Risk Factors. Positive = assertive, negative = hedging-heavy.

Not enough filings yet to chart a trajectory. The EKG fills in as more filings are ingested for this issuer.

Risk-factor drift item_1a vs prior same-form filing, cosine similarity

  • 40-F 2026-03-12 vs 2025-03-18 97.5% boilerplate
  • 40-F 2025-03-18 vs 2024-03-21 97.9% boilerplate

Balance-sheet trends inventory, receivables, reserves & impairment vs prior year

  • Goodwill impairment charge FY 2023-12-31
    $29.0M charge · +2% of assets

Balance-sheet language forensic risk vocabulary shifting in MD&A / financials vs prior year

  • Impairment risk language + numbers
    density 7.81→8.13 / 10k chars (127→129 mentions) · new: triggering event, write-off