Certainty language minus hedging language in Risk Factors. Positive = assertive, negative = hedging-heavy.
From 2021-07-28 (10-K) to 2025-07-29 (10-K), this metric increased across 5 filings.
Risk-factor drift item_1a vs prior same-form filing, cosine similarity
- 10-K 2025-07-29 vs 2024-07-30 98.0% boilerplate
- 10-K 2024-07-30 vs 2023-07-26 97.7% boilerplate
- 10-K 2023-07-26 vs 2022-07-28 96.4% boilerplate
- 10-K 2022-07-28 vs 2021-07-28 80.0% noticeable change
Vanished metrics promoted KPIs that stopped being reported
- Cannabis Business Revenue promoted across 4 consecutive filings, last seen 2024-07-30, absent from 10-K 2025-07-29 dropped
- Distribution Business Revenue promoted across 4 consecutive filings, last seen 2024-07-30, absent from 10-K 2025-07-29 dropped
- Wellness Business Revenue promoted across 4 consecutive filings, last seen 2024-07-30, absent from 10-K 2025-07-29 dropped
- Beverage Alcohol Business Revenue promoted across 4 consecutive filings, last seen 2024-07-30, absent from 10-K 2025-07-29 dropped
Non-GAAP reconciliation expansion growth in adjusted-figure add-backs vs prior filing
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10-K 2022-07-28 2 → 5 add-backs (+3)new: A Decrease IN Inventory OF 10000 A Decrease IN Prepaids AND Other Current Assets OF 6000 Consideration Related TO Stock Based Compensation Stock Based Compensation Costs
Auditor’s report opinion, going-concern & control flags, critical audit matters
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10-K 2025-07-29 unqualified
- Impairment Assessments of Goodwill and Indefinite-lived Intangible Assets related to Cannabis and Beverage Reporting Units
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10-K 2024-07-30 unqualified
- Impairment Assessments of Goodwill and Indefinite-lived Intangible Assets
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10-K 2023-07-26 unqualified
- Impairment Assessments of Goodwill and Indefinite-lived Intangible Assets
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10-K 2022-07-28 unqualified
- Impairment Assessments of Goodwill and Indefinite lived Intangible Assets for the Cannabis and Beverage Alcohol Reporting Units
- Fair value measurement of intangible assets acquired related to the acquisition of Double Diamond Distillery LLC (d/b/a Breckenridge Distillery)
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10-K 2021-07-28 unqualified
- Impairment Assessment of Goodwill and Indefinite-lived Intangible Assets for the Business under development Reporting Unit
- Fair value measurement of intangible assets acquired and valuation of contingent consideration related to the acquisition of SweetWater Brewery LLC
- Fair value measurement of intangible assets acquired related to the reverse acquisition of Tilray, Inc.
Balance-sheet trends inventory, receivables, reserves & impairment vs prior year
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Goodwill impairment charge FY 2022-05-31$223.93M charge · +4% of assets
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Goodwill impairment charge FY 2021-05-31$41.2M charge · +1% of assets
Balance-sheet language forensic risk vocabulary shifting in MD&A / financials vs prior year
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Impairment risk languagedensity 4.13→3.9 / 10k chars (72→70 mentions) · new: write-off, fair value less costs