Novus Acquisition & Development Corp (NDEV)

novusNovus Acquisition & Development Corp. is a service provider that targets the healthcare component of the medical marijuana industry. The company provides health insurance and related insurance solutions within the industry in states where legal cannabis programs exist. They also seek to provide physicians’ education programs, business development services, and pharmaceutical research and development services within the industry.

Many studies and researches show that medical marijuana is effective in treating a wide variety of medical conditions. In addition, a number of pharmaceutical companies and research companies are conducting extensive studies for the potential use of marijuana in treating major medical conditions such as Crohn’s disease, childhood epilepsy, and certain types of cancer.

Most insurance companies work with federal programs such as Medicaid and Medicare. This means that these insurance providers are required to adhere to all federal laws, including the laws that classify marijuana as a Schedule I Controlled Substance. As a result, patients using medical marijuana to treat serious medical conditions lack insurance coverage even when the treatment is legal on a state level.

Novus Medical Group, Inc., a subsidiary of Novus Acquisition & Development Corp., fills a vital part in the legal cannabis and hemp marketplace in the United States by establishing cost savings plans developed for patients treated with cannabis and hemp.  Even if patients have health insurance, the program helps them save money on services and products not usually covered by insurance.

Novus Acquisition & Development Corp., a part of the MMJ Index, is traded in the OTC market under the stock symbol NDEV. Novus is comprised of Wall Street veterans who have focused the company’s business model on the healthcare sector of the medical marijuana industry.

Since marijuana is not federally approved, Novus Acquisition & Development Corp. does not and will not cultivate, grow, extract, handle, transport, supply, and dispense cannabis or any substances that violate the Controlled Substance Act or the United States law. The company will continue to adhere to state and federal laws.


Yahoo! Finance: NDEV News

Latest Financial News for NDEV

Novus Reports Record Year 2018 Results

MIAMI, FL / ACCESSWIRE / March 25, 2019 / Novus Acquisition and Development, Corp. (OTC PINK: NDEV), through its wholly owned subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, liability, annuity and accident, and, the nation's first carrier/aggregator offering a cannabis health plan, today reported financial and operational results for its fourth quarter and year ended December 31, 2018. With more and more medical cannabis cultivators, manufacturers and dispensaries opening in legalized medical states and the proliferation of CBD across the country, we continue to see growth in our Provider Network.

Novus to Launch its Own Dedicated Cannabis Telemedicine Platform

MIAMI, FL, Feb. 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Novus Acquisition and Development, Corp. (OTC Markets: NDEV), through its wholly owned subsidiary WCIG Insurance Services, Inc., a diversified insurance entity in health, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, today announced that it will launch an updated telemedicine offering. Telemedicine technology allows healthcare practitioners to consult with patients in real-time via telecommunications technology to evaluate, diagnose and treat patients remotely. Telemedicine is attracting attention globally and is seamlessly suitable for medical cannabis and traditional health insurance benefits.

Novus Accomplishments in 2018 Are Precursor to Accelerated Growth for 2019

MIAMI, FL, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Novus Acquisition and Development, Corp. (OTC Markets: NDEV), through its wholly owned subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, is pleased to provide a review of its accomplishments in 2018 and how they are expected to lead to accelerated growth and expansion to its cannabis health insurance business model for 2019. Novus management has the distinct pleasure to share the Company's milestones to-date and provide new and existing shareholders insight regarding our plans for growth as we seek to expand our business model with a focus on increasing revenue and net asset value.

Novus to File as a Cannabis HMO in the State of California

MIAMI, FL, Dec. 13, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Novus Acquisition and Development, Corp. (OTC Markets: NDEV), through its wholly owned subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, liability, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, today announced its plans to file as an Health Maintenance Organization (HMO) in the State of California. Novus Cannabis MedPlan had a positive initial teleconference with the California Department of Managed Health Care (CDMH) regarding filing its Cannabis MedPlan as a Health Maintenance Organization (HMO).

Novus Reports Q3 2018 Record Revenue for 9 Consecutive Quarters

MIAMI, FL, Nov. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Novus Acquisition and Development, Corp. (OTC Markets: NDEV), through its wholly owned subsidiary WCIG Insurance Services, Inc., is a diversified insurance entity in health, liability, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, today reported financial and operational results for its third quarter ended September 30, 2018.