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

What You Didn't Know About Novus Cannabis Medplan's Business Model

MIAMI, FL / ACCESSWIRE / September 3, 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, is pleased to provide a breakdown of how its health plan is a driver for continued growth in 2020. Thanks to changing market demands and added government focus, High Deductible Health Plans (HDHP) enrollment may reach unprecedented heights for 2020 and possibly even exceed industry expectations. Nearly 40%¹ of insured Americans are now covered by an HDHP, which offer a much lower monthly premium payment in exchange for a higher annual deductible, up to $13,000 per year.

Novus Reports Second Quarter 2019 Results

MIAMI, FL, Aug. 01, 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, liability, annuity and accident, and, the nation’s first carrier/aggregator offering a cannabis health plan, today reported financial and operational results for its second quarter ended June 30, 2019.

Novus’ Actuarial Arsenal Benefits From the Feds “Health Reimbursement Arrangements” 

American Workers Can Choose Their Own Health Coverage and Add Cannabis to Their Health Insurance   MIAMI, FL, July 10, 2019 -- via NEWMEDIAWIRE -- Novus Acquisition and.

Novus Cannabis MedPlan Continues Solid Growth of Over 400 Providers

MIAMI, FL, June 26, 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, announced today that it has gained more than 400 legal THC and CBD cannabis providers for its cannabis health plan.

Novus Cannabis MedPlans to Accept Credit Cards for Policy Payments

After being shut down by banks and/or merchant providers in the past, Novus has finally established a relationship with Authorize, a leading credit card processing platform. Novus’s Chief Executive Officer, Frank Labrozzi, states, “It’s about obtaining banking services that most other businesses take for granted.