Think Research CEO Sachin Aggarwal joined Steve Darling from Proactive to share news has taken a strong financial step forward entering into a credit agreement Beedie Investments.

Aggaral telling Proactive this is a non-revolving term convertible loan facility of up to 25 million dollars. This deal also includes an initial advance of 10 million dollars with the remaining 15 million available for subsequent advances in minimum tranches of 3 million.

Thinks Research CEO Sachin Aggarwal joined Steve Darling from Proactive to share news the company has reported financial results for the fourth quarter and fiscal year ended December 31, 2021.

Aggarwal telling Proactive the company had a transformative year with record Q4 revenue of 19.1 million, and 47.8 million in 2021, which amounts to an increase of 438% and 178% over the same periods in 2020. Q4 Adjusted EBITDA improved by 94% over Q3 2021, increasing by 3.2 million.

Planet 13 Holdings Inc VP of Sales and Marketing David Farris tells Proactive the cannabis-focused group has announced that it is expanding its TRENDI brand to California, starting with premium small-batch flower strains.

Available in Nevada and coming soon to California, TRENDI offers an assortment of premium products ranging from flower to live resin badders and sauce, cured shatter, RSO, live resin cartridges, disposable vapes, and superblunts.

KULR Technology Group, Inc. CEO Michael Mo tells Proactive that it has shipped prototypes of its carbon fiber electrical nerve signal sensing technology to an unnamed major original equipment manufacturer of hardware and software to the Metaverse.

Mo says KULR’s proprietary carbon fiber solution was selected to make hardware cooler, lighter, and potentially safer.

Xenetic Biosciences CEO Jeffrey Eisenberg tells Proactive the biopharmaceutical company has acquired a platform technology from CLS Therapeutics to develop its interventional DNase based oncology platform.

Eisenberg says DNase works specifically to target Neutrophil Extracellular Traps (NETs), which have been shown to be associated with a variety of cancers. Eisenberg says the transaction gives the group an opportunity to create breakthrough products to address hard to treat cancers.

Altaley Mining CEO Ralph shearing joined Steve Darling from Proactive to share the company’s year-end financial numbers which saw a 121% increase in gross revenues to 98.4 million dollars.

Shearing telling Proactive more about 2021 including mine operating profit which increased to 34.2 Million from a 2020 loss of 138 thousand.

Lucky Minerals CEO Francois Perron joined Steve Darling from Proactive to share news the company has completed targeting for a drill program at the Wayka gold discovery on the Fortuna Property in Ecuador.

Perron telling Proactive the company’s first phase of drilling will be 3,000 metres which will target an area of multiple sub-parallel stacked strongly silicified lenses known as the Discovery Zone. The company is also looking to drill into strongly silicified outcrops known as the Wall Zone.

Doubleview Gold Corp CEO Farshad Shirvani joined Steve Darling from Proactive to share news the company has reported Scandium in previously reported major drill core intercepts of the Lisle deposit at the Hat Project.

Shirvani telling Proactive the company has reported copper and gold equivalents as well. The project remains at the early stages with only 41 drills holes completed.

Crypto.com says it is going to reduce rewards for consumers using its Visa cards, where it will reduce CRO card rewards, introduce a monthly CRO card rewards cap, and phase out card CRO staking rewards. Changes will going into effect on June first.

The parent group of Wikipedia, the Wikimedia Foundation- will stop accepting cryptocurrency donations. The nonprofit, which began accepting crpto back in 2014, cites reasons including that crypto are quote extremely risky investments that have only been gaining popularity among retail investors particularly in recent times,” and that it may not align with the foundation’s environmental commitments.

CleanSpark Inc Executive Chairman Matthew Shultz tells Proactive said it has finalized $35 million in non-dilutive financing from Trinity Capital Inc, a provider of venture debt financing.

The company said the three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%.

CleanSpark said it intends to use the proceeds from the facility for growth capital expenditures. Currently, the company has a fleet of over 23,000 latest-generation bitcoin mining machines in operation, with approximately 12,000 machines pending delivery and deployment in batches through October 2022.

What's more, it has announced that it is now a partner of Sustainable Bitcoin Standard (SBS), an organization that incentivizes clean bitcoin mining.