novus

Novus Acquisition and Development Corp, through its subsidiaries, is a provider of various insurance and planning services to the medical marijuana industry. It offers medical and health insurance plans to cannabis patients, and professional services like risk management to cannabis organizations.

Incorporated in 1996, the company formerly operated under various names, including Shirazi Corporation, Surface Tech, Inc, and BrandQuest Development Group, Inc. In 2009, it changed to Novus Acquisition and Development Corp.

Today, Novus is listed in the OTC markets as NDEV, and has a market cap of USD 60.7 M.

The company’s wholly owned subsidiary for cannabis patients is Novus Medical Group, Inc. The subsidiary offers products such as health insurance and medical plans, alongside other related insurance services. Its principal product is the Novus MedPlan, a medical plan made for individuals and families, allowing them to save costs in the cannabis and hemp wellness sectors. According to Novus, this product answers a need in those sectors because many health insurers currently do not cover medical marijuana.

The other subsidiary of Novus Acquisition and Development Corp is NovusQC, catering to groups and businesses in the MMJ industry. Some of the targets of NovusQC are employers, municipalities, and organizations. The subsidiary provides services like business risk management, healthcare risk management, independent compliance review, and liability exposure review of physician’s practice.

In addition to these, Novus has also stated its intentions to acquire, merge with, or form joint ventures with MMJ companies (small to midsized) that are seeking to obtain capital. The company however emphasizes that it acts only as an outside developer and not a direct handler of marijuana.

The management team at Novus Acquisition and Development Corp includes Chairman and CEO Gary Frank Labrozzi, President Chris Pittman, and Director Andrea Lopez.


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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.