Financial Disclaimer

Last updated: March 15, 2026

ClarvenAI — Financial Disclaimer & Risk Disclosure

Effective Date: August 22, 2026 Last Updated: August 22, 2026

IMPORTANT NOTICE

This Financial Disclaimer & Risk Disclosure ("Disclaimer") applies to all content, tools, AI-generated summaries, analytics, signal scores, opportunity scores, peer comparisons, valuation estimates, alerts, emails, exported reports, and services provided through ClarvenAI, operated by MJ Digital Ventures Inc., an Ontario corporation carrying on business as ClarvenAI (collectively, the "Service").

By accessing or using the Service, you acknowledge that you have read, understood, and agreed to this Disclaimer. This Disclaimer forms part of, and should be read together with, our Terms of Use. Where this Disclaimer and the Terms of Use address the same subject, the Terms of Use govern.

  1. General Information Only (No Professional Advice)

All content provided by ClarvenAI is offered strictly for informational, educational, and research purposes only.

  • No Advice: Nothing on ClarvenAI constitutes investment, financial, trading, legal, or tax advice.
  • No Recommendations: ClarvenAI does not recommend, endorse, or suggest the purchase, sale, or holding of any security, exchange-traded fund, asset, or financial instrument.
  • No Personalization: The Service is automated and algorithmic. It does not consider your individual financial situation, investment objectives, time horizon, risk tolerance, tax position, or needs.
  • No Suitability Assessment: We do not assess whether any security or strategy is suitable for you. Suitability determinations require a registered professional who knows your circumstances.
  • Not a Research Report: ClarvenAI content is not an investment research report, analyst report, securities research, or regulated research publication, and is not prepared in accordance with any standard applicable to such publications.
  1. No Fiduciary or Advisory Relationship
  • Not Registered: MJ Digital Ventures Inc. is not registered as an investment adviser, portfolio manager, exempt market dealer, investment dealer, investment fund manager, broker-dealer, or financial analyst with the U.S. Securities and Exchange Commission (SEC), the Ontario Securities Commission (OSC), any other member of the Canadian Securities Administrators (CSA), or any other regulatory authority in Canada or the United States. We are not a member of FINRA, SIPC, CIRO, or CIPF.
  • No Relationship Created: Use of ClarvenAI does not create any fiduciary, advisory, brokerage, dealer, or professional relationship between you and MJ Digital Ventures Inc.
  • Not for Regulated Professional Use: The Service is not designed, tested, or approved for use by registered advisers, dealers, or portfolio managers in providing advice to clients or making client-specific recommendations.
  1. Artificial Intelligence & Data Limitations (READ CAREFULLY)

ClarvenAI uses artificial intelligence and Large Language Models ("LLMs") to summarize and analyze filings, earnings materials, news, and financial data. AI technology has inherent and unavoidable limitations.

You acknowledge and accept that:

  • Hallucinations & Errors: AI systems may generate plausible-sounding but factually incorrect information, including misstated figures (for example, "millions" versus "billions"), incorrect currency, wrong reporting periods, incorrect sentiment, or fabricated details.
  • Loss of Nuance: AI summaries may omit or misinterpret legal, accounting, or financial nuances contained in regulatory filings, including Risk Factors, Management's Discussion & Analysis, restatements, non-GAAP reconciliations, and subsequent events.
  • Source Dependency: AI outputs depend on third-party data. Errors, omissions, or delays in source materials will be reflected in summaries and scores.
  • Currency and Reporting Differences: Companies report in different currencies and under different accounting standards (including U.S. GAAP and IFRS). Conversions, normalizations, and cross-company comparisons may introduce inaccuracies, particularly for Canadian issuers and foreign private issuers.
  • Coverage Gaps: Data for some securities may be incomplete, stale, or unavailable. Absence of information is not evidence that no material information exists.
  • Variability: Similar inputs may produce different outputs at different times.

YOU AGREE TO INDEPENDENTLY VERIFY ALL MATERIAL FACTS, FIGURES, AND CLAIMS USING OFFICIAL SOURCE DOCUMENTS BEFORE RELYING ON THEM.

  1. Signal Scores, Opportunity Scores & Algorithmic Outputs

The Service generates signal labels, opportunity scores, sub-scores, confidence indicators, stock-type classifications, and market regime labels using proprietary algorithms applied to public data.

  • Labels Are Not Instructions: Labels such as "Bullish," "Leaning Bullish," "Neutral," "Leaning Bearish," "Bearish," "Significant Discount," "Significant Premium," "Undervalued," "Overvalued," "High Signal," or a high or low Opportunity Score are descriptive summaries of quantitative inputs only. They must not be interpreted as instructions or encouragement to buy, sell, hold, short, avoid, or allocate capital to any security.
  • Not Predictions: These outputs describe the current state of quantitative and qualitative inputs. They are not forecasts, price predictions, or probabilities of future returns.
  • Not Verified Performance: Scores are not a track record. We do not represent that any score has produced, or will produce, any particular investment result. Any historical outcome data we maintain is used internally for model calibration and is not presented as advertised performance.
  • Methodology Changes: Scoring methodologies, weightings, thresholds, classifications, and data inputs may be changed, recalibrated, or replaced at any time without notice. Scores are not comparable across different versions of the methodology or across different points in time.
  • Model Limitations: Algorithmic outputs cannot account for liquidity, transaction costs, taxes, market impact, position sizing, regulatory changes, litigation, fraud, management conduct, geopolitical events, or macroeconomic shocks.
  • No Backtested Claims: Where the Service displays historical values, these are records of what the Service showed at a past date. They are not backtests, simulated strategies, or hypothetical trading results, and no representation is made about what returns any user would have achieved.
  1. Valuation Estimates, Peer Comparisons & Analyst Data

The Service displays peer comparisons, peer-implied valuation ranges, analyst price targets, and related estimates.

  • Peer-Implied Values Are Not Price Targets: Peer-implied ranges are arithmetic outputs derived from applying peer trading multiples to a company's reported financials. They are not our estimate of fair value, not a forecast, and not a price target. A large gap between a peer-implied value and the current price frequently reflects legitimate differences in growth, risk, capital structure, accounting, or business quality — not mispricing.
  • Peer Selection Is Approximate: Peer groups are selected algorithmically and may include companies that are not true comparables.
  • Analyst Data Is Third-Party: Analyst price targets, ratings, and estimates originate from third parties. We do not produce, verify, endorse, or adopt them, and we do not know the assumptions, conflicts, or time horizons behind them.
  • Multiples Are Not Conclusions: A company trading at a discount or premium to peers on any multiple is not, by itself, evidence that it is undervalued or overvalued.
  1. Forward-Looking Statements

The Service may summarize or reference forward-looking statements contained in company disclosures, including statements about future earnings, growth, products, strategies, or market conditions.

  • Not Guarantees: Forward-looking statements are based on assumptions and expectations at the time they were made and involve known and unknown risks.
  • No Obligation to Update: ClarvenAI does not monitor, update, or revise forward-looking statements if circumstances change.
  • Not Adopted by Us: Summarizing a company's forward-looking statement does not mean we agree with it, have verified it, or endorse it.
  • No Liability: MJ Digital Ventures Inc. expressly disclaims any liability for a company's failure to achieve outcomes described in forward-looking statements.
  1. Market Data & Timing Limitations
  • Not Real-Time: Market data, quotes, charts, fundamentals, and news are delayed and are refreshed on periodic schedules. Different parts of the Service refresh at different intervals — quotes, signal scores, scanner rankings, fundamentals, filings, and news each update on their own cycle. Data displayed together on the same screen may therefore reflect different points in time. Where the Service displays an "as of" date, rely on that date rather than assuming currency. A signal, score, valuation estimate, classification, or alert may remain visible after the underlying facts have changed and before the Service refreshes.
  • Not for Active Trading: The Service is not designed for active trading, day trading, options trading, or high-frequency or algorithmic trading, and must not be used for order execution or time-sensitive decisions.
  • No Monitoring Guarantee: Alerts, watchlists, notifications, digests, and emails are provided for convenience only. We do not guarantee that any alert, filing, news item, earnings event, price movement, or market event will be detected, generated, delivered, or delivered on time. Do not rely on the Service as a monitoring or surveillance system.
  • No Liability for Delays: ClarvenAI is not responsible for losses caused by data latency, staleness, interruptions, outages, or synchronization delays.
  1. Third-Party Content & Source Materials

The Service aggregates and summarizes content from third-party sources, including SEC EDGAR, SEDAR+, company filings, earnings materials, market data vendors, and news outlets.

  • No Endorsement: ClarvenAI does not endorse or guarantee the accuracy of any third-party author, analyst, publisher, or data provider.
  • Source Review Required: You are responsible for reviewing original source documents — including 10-K, 10-Q, 8-K, 40-F, annual information forms, MD&A, and other regulatory filings — before making any decision.
  1. No Position Disclosure or Conflicts Undertaking

ClarvenAI does not disclose, and makes no representation regarding, whether MJ Digital Ventures Inc., its officers, directors, or contractors hold positions in any security covered by the Service.

As of the date of this Disclaimer, we are not compensated by any issuer, promoter, or third party to cover, feature, rank, score, or present any security, and we do not display paid advertising or affiliate links. Coverage decisions are made independently. If this changes, we will update this Disclaimer and disclose the arrangement clearly and prominently.

  1. Exported Reports, Emails & Shared Content

Reports, PDFs, emails, digests, and shared research boards generated by the Service remain subject to this Disclaimer even after they are downloaded, forwarded, or shared. Such materials reflect data as of the date generated and are not updated after export. Do not rely on an exported report as current information, and do not distribute exported materials as investment research or advice to others.

  1. Risk Warning

Investing in securities involves substantial risk, including the possible loss of all invested capital. Prices fluctuate, past performance does not indicate future results, and diversification does not ensure a profit or protect against loss.

Specific risks include, without limitation: market risk, volatility risk, liquidity risk, concentration risk, currency risk (particularly for cross-border and foreign-listed securities), interest rate risk, credit risk, sector risk, single-issuer risk, and the risk of total loss.

Certain securities carry heightened risk, including small-capitalization companies, pre-revenue companies, companies with negative cash flow, recently listed companies, and companies in financial distress. The Service may cover such securities without additional warning.

  1. Limitation of Liability for Financial Losses

TO THE MAXIMUM EXTENT PERMITTED BY LAW, MJ DIGITAL VENTURES INC. SHALL NOT BE LIABLE FOR ANY DAMAGES, INCLUDING BUT NOT LIMITED TO:

  • Trading or investment losses;
  • Loss of profits, revenue, data, or opportunity;
  • Errors, omissions, or inaccuracies in content, data, scores, or AI outputs;
  • Failures or delays in generating or delivering alerts, notifications, or emails;
  • Service unavailability, including during market hours;
  • Decisions made or not made based on use of the Service.

ALL USE OF THE SERVICE IS AT YOUR OWN RISK.

This section is subject to, and does not expand, the limitations and caps set out in our Terms of Use. Nothing in this Disclaimer excludes or limits liability that cannot lawfully be excluded, including under the Ontario Consumer Protection Act, 2002.

  1. Jurisdiction & Compliance

This Disclaimer is governed by the laws of the Province of Ontario and the federal laws of Canada applicable therein, consistent with our Terms of Use.

The Service is directed to users in Canada and the United States. Nothing in the Service constitutes an offer or solicitation in any jurisdiction where such an offer or solicitation would be unlawful, or to any person to whom it would be unlawful to make it. Users accessing the Service from other jurisdictions do so at their own initiative and are responsible for compliance with local laws.

  1. Contact Information

If you have questions regarding this Disclaimer, please contact:

MJ Digital Ventures Inc. (o/a ClarvenAI) Email: contact@clarvenai.com https://clarvenai.com/contact