Novus Acquisition and Development Corp. (NDEV)

novusNovus Acquisition and Development Corp is an insurance provider to patients and professional organizations in the medical marijuana (MMJ) sector. Among the services it offers are medical and health insurance plans and risk management. The company has subsidiaries that offer these services to various consumers.

For cannabis patients, Novus Acquisition’s wholly owned subsidiary is Novus Medical Group, Inc. A primary product of this subsidiary is a medical plan called the Novus MedPlan, which is marketed to individuals and families who want to save costs on cannabis or hemp wellness. Novus touts this product as an answer to a need in the marijuana wellness sector, because there are few insurance providers that cover medicinal marijuana. Aside from the MedPlan, there are other related insurance services that Novus Medical Group provides.

Meanwhile, for MMJ groups and businesses, Novus Acquisition has the subsidiary NovusQC. This subsidiary’s services include business risk management, independent compliance review, healthcare risk management, and liability exposure review for physician’s practice. Among the target consumers for these are employers, organizations, and municipalities with medical marijuana programs.

Novus Acquisition and Development Corp also stated its plans to acquire, merge, or create joint ventures with other MMJ companies, specifically those that are small to midsized and are seeking capital. However, the company clarified that it is not a direct handler of marijuana, but instead only an outside developer.

Novus was incorporated in 1996 and has since operated under various names such as Shirazi Corporation, Surface Tech, Inc, as well as BrandQuest Development Group, Inc. It finally became Novus Acquisition and Development Corp in 2009.

Currently, Novus is traded as NDEV in the OTC markets, with a market cap of USD 60.7 M.

The top executive at Novus is CEO and Chairman Gary Frank Labrozzi, alongside Company President Chris Pittman and Director Andrea Lopez.

Novus Acquisition and Development Corp.

13020 SW 92 Ave
Ste A310
Miami, FL 33176

Phone: (305) 467-6699
Email: frank@ndev.biz (for company CEO)
Website: http://www.ndev.biz/


Yahoo! Finance: NDEV News

Latest Financial News for NDEV

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.

Novus Reports First Quarter 2019 Results 

MIAMI, FL, May 28, 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 first quarter ended March 31, 2019.

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.