Terms of Service

You agree to the terms of service below, and the Terms of Use for Substack, the technology provider.

ALL PERSONS RECEIVING THIS COMMUNICATION EXPRESSLY AGREE TO THE FOLLOWING DISCLAIMERS AS A PRECONDITION TO ACCESSING THIS WEBSITE AND/OR AGREEING TO RECEIVE COMMUNICATIONS FOR ANY PURPOSE WHATSOEVER.

Citrinitas Capital Management Inc. d/b/a Citrini Research (“Citrini Research”) presents this website for informational purposes only. Nothing herein shall be considered an offering of, a recommendation or a solicitation to buy securities or otherwise make an investment. Securities may only be offered or sold pursuant to registration of the securities or an exemption therefrom using proper offering documents and disclosures.

Citrini Research may not be licensed to carry on regulated activities in your jurisdiction and, if not licensed, does not hold itself out as being able to do so. Citrini Research is not a broker-dealer or investment advisor, does not owe a fiduciary duty to you, and is not providing customized recommendations or advice to you. Investing by its nature involves risk of significant loss. By using our services, you acknowledge and agree to the foregoing and that any actions or forbearance from taking action based on the services or content we provide are entirely at your own risk, for which Citrini Research and its affiliates shall have no liability.

This website and all opinions, projections, estimates, or forward-looking statements herein constitute the opinion of Citrini Research as of the date of publication and are subject to change without notice. Actual results or events may differ materially from those reflected or contemplated herein. Citrini Research does not make any assurance as to the accuracy of any such forward-looking statements and expressly disclaims any obligation or undertaking to update or revise them. You should therefore assume that Citrini Research will not update any fact, circumstance, or opinion contained herein. Furthermore, Citrini Research reserves the right to make additions, deletions, or modifications to any publication, chart, or model at any time without notice.

All information, including ideas, data, charts, models, opinions, and analysis of any kind, on this website is provided “as is,” with no guarantee of completeness, accuracy, timeliness, or results obtained from the use of this information, and without warranty of any kind. Citrini Research assumes no responsibility for errors, inaccuracies, misinformation, or omissions in the contents of this website. Past performance of any kind is not a guarantee of future results.

References to a model portfolio or index and allocations of such a model refer to a hypothetical allocation of assets and not an actual portfolio.

Citrini Research’s team members, managers, and/or employees may have existing long or short positions in the securities mentioned herein and may purchase or sell such securities without notice in the future.

Citrini Research will not be liable to anyone for any decision made or any action taken in reliance on the information provided by this website. In no event shall Citrini Research be liable for any damages whatsoever, whether in an action of contract, negligence, or other tort, arising out of or in connection with the use of any Citrini Research publication, chart, model, data, analysis, idea, opinion, or content of any kind.

Any content provided to subscribers by Citrini Research is proprietary and confidential and may not be copied, quoted, referenced, or distributed in any format without the express written approval of an authorized officer of Citrini Research. Subscribers using this website in connection with professional work for (i) bona fide financial institutions, (ii) registered investment advisors, (iii) broker-dealers, or (iv) any entity managing assets exceeding $100 million must subscribe to the institutional tier by contacting institutions@citrini.com to maintain access. Failure to maintain the appropriate subscription tier constitutes a material breach of these terms and will result in termination of access.

Prior to making any investment, you should consult with a professional financial advisor, legal, and tax advisor to assist in due diligence as may be appropriate in determining the appropriateness of the risk associated with a particular investment.