Replies to post #32727 on Novation Holdings Inc. (NOHO)

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Novation Holdings Inc., Previews Cannabis Market Website http://uscanafi.com/
8:15 am ET June 2, 2017 (Globe Newswire) Print
Novation Holdings Inc., (OTC PINK SHEETS -NOHO), (the "Company"), unveiled a preview of their Cannabis Market offering today at www.uscanafy.com.
NOHO CEO Michael Gelmon explains: We are positioned in 2 of Wall Street's Hottest Sectors: FinTech and Alternative Lending, and have pointed our marketing sites directly at 3 of the fastest growing market sectors: Medical, Dental and Cannabis by offering access to $50,000 of business finance, and the speediest connection to 100's of lenders in exchange for a software that provides this and more, for a fraction of the benefit!
High Gross Margin related to software sales, Low Operating Cost and zero carrying cost of inventory have positioned Novation for rapid growth. Michael Gelmon CEO of Novation Holdings, Inc. stated, "According to Cowen and Company last year, the medical marijuana market is expected to grow to $50 billion by 2026, but the real money is in picks and shovels. Just like the California Gold Rush, when it wasn't the people digging for gold who got rich but rather the businesses who supplied those people, it's the businesses that supply marijuana-related businesses, like our credit and finance platform, that are making the most money from the industry market."
About Novation Holdings, Inc.
Novation announced last month, it is offering its technology to Healthcare providers nationwide to include: medical and dental related offices. General Practice, podiatry, ENT, dermatology, home healthcare companies, rehab clinics, etc. stating it as one of the fastest growing markets in the US. Health care occupations will add 2.3 million jobs in the next 7 years, more than any other growth sector.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained herein that are not based upon current or historical fact are forward- looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the intended terms of the offering, closing of the offering and use of any proceeds from the offering. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate Novation Holdings Inc, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's

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MICHAEL GELMON, an experienced CEO and Director of several publicly traded companies, has been involved in consulting and turn- rounds or work outs for various public and private companies. As part of the work outs, he has been actively involved with management in cutting costs, increasing sales as well as compliance issues, including consulting and assisting investment groups in structuring and restructuring debt in several private and public companies; advising various investor and investment groups as lawyers conducting due diligence on target companies; and consulting and advising on management restructuring. He is also founder and a partner of Gelmon Brothers Real Estate Consultants which has developed and consulted on commercial real estate developments in excess of $100 million; was a founder of Proteus Currency Fund, a Cayman Island based Hedge Fund involved in the Forex marketplace utilizing Dynex Corporation trading in Monaco and Jacobsen Asset Management in London; and, as a founding-shareholder, Director, as well as Head of Acquisitions and Real Estate for Domino's Pizza of Canada Ltd., the Domino's Pizza Master Franchisor in Canada, he was an integral part of the team that was responsible for turning around the Domino's operations in Canada in the 1990s, growing the Domino's chain to 200 stores located in every region of Canada with system-wide sales of approximately CAD $80,000,000 per annum. Mr. Gelmon received his Law Degree from the University of London, King's College.