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Novus Acquisition and Development Corp (NDEV)

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Last Post: 1/17/2017 7:51:27 AM - Followers: 104 - Board type: Free - Posts Today: 2


Novus Acquisition and Development, Corp. (OTC Markets: NDEV),

the nation's first healthcare insurance carrier in the medical cannabis field and property and casualty sector, today announced its completed health coverage footprint for medical marijuana (MMJ) in California.

Novus' revolutionary MMJ health plan now covers approximately 110 cities across the state with its relationships with 20 dispensaries. For a complete list of cities and coverage, please visit:
http://www.getnovusnow.com/nmg/california.

 

Frank Labrozzi, Novus' Chairman and Chief Executive Officer, stated, "This milestone of our Provider Network (dispensaries and/or delivery services) in 100+ cities in California is significant representation of how we built our health insurance infrastructure. The Golden State represents 50% of the cannabis market with close to 1,000,000 registered patients averaging over $300 per month per cannabis transaction. Achieving this significant task puts Novus in a position of no longer turning down any patients for not having a Provider to service their geo-region."

With Proposition 64 on the ballot this November, all signs are pointing to a 60% approval by California voters. With a GDP of $2.5 trillion per annum, California has the economy that ranks eighth in the world, with marijuana being one of the biggest businesses. An approval would have a tremendously positive impact on Novus, as Proposition 64 imposes an excise tax on retail sales of recreational marijuana at 15% of sales price, and state cultivation taxes on marijuana of $9.25 per ounce of flowers and $2.75 per ounce of leaves resulting in a total retail sales tax of over 20%. However medical marijuana patients will receive an exemption on the taxation leaving Novus patient/members savings of 45% -50% on their monthly med purchases, based on $300 per month, with a minimum annual saving of $1,620 per patient. Drawing consumers ever so closely to medical benefit packages that Novus possess.

Novus Acquisition & Development Corp. (NDEV), through its subsidiary Novus Medical Group, Inc. and WCIG Insurance, provides health insurance and related insurance solutions within the wellness and medical marijuana industries in states where legal programs exist. Novus has positioned itself to gain market share within many lines of insurance business within and outside of the MMJ sector.



 
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#2768   Great information medicalmiracle. Appreciate your imput. trader3957 01/17/17 07:51:27 AM
#2767   For those of you whom are wondering how MedicalMiracle 01/17/17 01:30:03 AM
#2766   That really does appear to be a win-win The Tuna Pester 01/16/17 10:35:58 PM
#2765   The Novus plan trader3957 01/16/17 09:07:08 PM
#2764   I hope this PR will help alleviate some The Tuna Pester 01/16/17 12:03:50 PM
#2763   Near term expectations are high for NDEV. Currently BullsRun2002 01/16/17 08:30:57 AM
#2762   Something about this does not seem to make BornAtNight 01/16/17 04:15:57 AM
#2761   Wow!! Those really are awesome numbers trader3957! The Tuna Pester 01/15/17 07:50:54 PM
#2760   California NORML trader3957 01/15/17 05:47:34 PM
#2759   Good idea for you to sell MIKE....always do The Tuna Pester 01/15/17 09:41:32 AM
#2758   Alliance- Is there Revenue or NOT? MIKE18181 01/15/17 08:17:53 AM
#2757   Poor Investor relations (IR). MIKE18181 01/15/17 08:02:41 AM
#2756   I am not aware of any other public The Tuna Pester 01/14/17 09:44:35 PM
#2755   Is anyone aware of any other MJ Industry Stefano SPQR 01/14/17 07:47:26 AM
#2754   Yeah....if the company wasn't aware how important an The Tuna Pester 01/13/17 04:28:24 PM
#2753   Way to go Magnetics...grabbed nearly the LOD! The Tuna Pester 01/13/17 04:25:24 PM
#2752   Yes! My limit order to buy at .81 Magnetics 01/13/17 03:48:14 PM
#2751   Got some at .85 not a lot in The Tuna Pester 01/13/17 03:44:45 PM
#2750   sold ...............bought icnb LINDSAY2010 01/13/17 01:31:54 PM
#2749   blood bath ugly last pr.s did not LINDSAY2010 01/13/17 01:25:53 PM
#2748   Yep BF4SNIPER 01/13/17 12:49:17 PM
#2747   To buy? Selain7 01/13/17 12:47:56 PM
#2746   Waiting for .50 BF4SNIPER 01/13/17 12:32:36 PM
#2745   Nice add at .91 Magnetics!! And if The Tuna Pester 01/13/17 11:46:55 AM
#2744   I think you're right BullsRun....the market really wants The Tuna Pester 01/13/17 11:44:13 AM
#2743   GYOG the next NDEV? Green Energy Enterprises, Inc. steeledge 01/13/17 11:28:52 AM
#2742   I figured this would be down today with Magnetics 01/13/17 10:40:32 AM
#2741   With how quickly this thing shot up I BullsRun2002 01/13/17 09:59:48 AM
#2740   Yeah Baz....liked that the .94 support I've believed The Tuna Pester 01/12/17 05:05:50 PM
#2739   I believe I've already talked to you about baz124 01/12/17 04:41:23 PM
#2738   Not a bad close tho eh Tuna? Super baz124 01/12/17 04:39:33 PM
#2737   Promotion @ NDEV is over. MIKE18181 01/12/17 03:08:38 PM
#2736   Have to take off, but good to see The Tuna Pester 01/12/17 11:28:45 AM
#2735   Sold some shares on the drop below $1.00 The Tuna Pester 01/12/17 10:30:46 AM
#2734   Yes Damyth! It struggled to break over The Tuna Pester 01/12/17 12:10:50 AM
#2733   Nice to see it(us) bounce back to $1 :). Damyth 01/11/17 05:38:15 PM
#2732   I agree Baz...it was healthy for the chart The Tuna Pester 01/11/17 03:56:23 PM
#2731   Hey Tuna! IMHO today was actually perfect for baz124 01/11/17 03:32:32 PM
#2730   Well Baz....it's been quite a day and no The Tuna Pester 01/11/17 03:06:12 PM
#2729   I'd like to see a real positive PR The Tuna Pester 01/11/17 12:59:44 PM
#2728   Yes BullsRun!! I also was happy to The Tuna Pester 01/11/17 12:58:23 PM
#2727   Nice Magnetics and I also added at .86 The Tuna Pester 01/11/17 12:56:08 PM
#2726   NDEV-IR says very positive news coming MIKE18181 01/11/17 12:25:18 PM
#2725   I like it right here sub $1, will BullsRun2002 01/11/17 12:02:56 PM
#2724   Picked up another nice chunk at .88 Magnetics 01/11/17 11:56:38 AM
#2723   Yes Damyth...maybe for OWCP and MYHI which shot The Tuna Pester 01/10/17 11:06:18 PM
#2722   Sold some for OWCP. Up 50% in 2 Damyth 01/10/17 08:19:41 PM
#2721   Yeah Baz...I was surprised by the drop today The Tuna Pester 01/10/17 04:13:48 PM
#2720   Hmmmmmm...I must be a little too confident....hmmmmmm.....Tuesday and baz124 01/10/17 04:01:33 PM
#2719   Unfortunately a couple of red bars w/more volume The Tuna Pester 01/10/17 03:57:17 PM
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