Novus Featured in
PotNetwork Magazine with
its Plan For Rollout in Canada's Lucrative
Cannabis Market
CEO Gives Assessment of How
the Canadian Market Will Shape
Miami, FL -- June 18,
2018 -- InvestorsHub NewsWire -- Novus Acquisition and Development,
Corp. (OTC Markets: NDEV), through its wholly
owned subsidiary WCIG Insurance Services, Inc., the nation's first
carrier/aggregator offering a cannabis health plan,
today showcases
an
article in PotNetwork
Magazine
on
Novus' assessment on their competitive strategy as they
enter Canada.
We invite you to read the entire article here: https://www.potnetwork.com/news/novus-roll-out-canadian-cannabis-coverage
The
Miami-based company sees marijuana legalization, which just passed
in the Senate as an opportunity in the Canadian market.
While
other companies focus on employer-sponsored insurance plans in the
Canadian market, Novus is focused on individual coverage. The
individual payer system allows consumers to do some things
including augmenting coverage to meet their specific
needs. "Novus
can cover the gaps and fulfill a value proposition in pricing and
offer no
restrictions to the consumer" according
to a statement released by the company.
Canada is the emerging country in the legal cannabis sector and now
with its cannabis regulation all but completed it is
poised to set precedent as the world watches. Novus' CEO Frank
Labrozzi was interviewed by
PotNetwork
Magazine
last week
and was asked
regarding Novus' assessment on
Canada
and
it's
plans
to
compete
in
the great white north.
While other major
insurance
companies focus on employer-sponsored insurance plans in the
Canadian market, Novus is focused on individual coverage.
The article
covers
three
key
questions:
a)
Will
employers increase
expenditures on
their group policies?
b)
Are
employers
ready to have employees
come to work under the influence
of
certain types of
cannabis?
c)
How will carriers
mitigate risk on reimbursements of cannabis
meds?
Frank
Labrozzi,
Chief Executive Officer of Novus, stated,
"Novus,
a pioneer in
covering cannabis
health plans
has
first-hand experience with
patients
who
are
not
wanting
restrictions
on their cannabis medication
consumption,
which is
imposed by
their insurance carrier
and are content with regulations set forth by
the federal government.
Since cannabis is
safe to be
self-administered, the big-name insurance carriers
are
coming into the marketplace
very cautiously
with
restrictions on consumption
and
this is
causing
patients
to be
very
dissatisfied
with
their
coverage."
Novus
management welcomes the major insurance carriers
to
come
into the market indicating that there is plenty
of business
to be captured. And,
Novus'
competitive
advantage
is
with our low overhead making us the better value proposition
in pricing
with
no restrictions to the consumer.
About Novus
Novus Acquisition
& Development Corp. (NDEV), through its
subsidiary WCIG Insurance, provides health insurance and related
insurance solutions within the wellness and medical marijuana
industries in states where legal programs exist. Novus has
developed its infrastructure within many lines of the insurance
business such as, health, property & casualty, life, accident
and fixed annuities.
Novus medical
cannabis benefits package will work as outside developers and will
not cultivate, handle, transport grow, extract, dispense, put up
for sale, put on the market, vend, deliver, supply, circulate, or
trade cannabis or any substances that violate the United States law
or the Controlled Substances Act, nor does it intend to do so in
the future and will continue to follow state and federal laws. The
statements made about specific products have not been evaluated by
the United States Food and Drug Administration (FDA) and are not
intended to diagnose, treat, cure or prevent disease. All
information provided on these press releases or any information
contained on or in any product label or packaging is for
informational purposes only and is not intended as a substitute for
advice from your physician or other health care professional. Once
a push notification is competed the transaction is solely between
the state-licensed dispensary and the registered
patient.
The state laws are in
conflict with the federal Controlled Substances Act. The current
administration has effectively stated that it is not an efficient
use of resources to direct federal law enforcement agencies to
prosecute those lawfully abiding by state designated laws, allowing
the use and distribution of medical marijuana. However, there is no
guarantee that the current administration, nor any future
administration, will not change this policy and decide to enforce
the federal laws strongly. Any such change in the federal
government's enforcement of current federal laws could cause
significant financial changes to Novus Medical Group. While we do
not intend to harvest, distribute or sell cannabis or cannabis
related products, we may be harmed by a change in enforcement by
federal or state governments.
For more information,
please visit: http://www.getnovusnow.com
Forward-Looking Statements
This release includes
forward-looking statements, which are based on certain assumptions
and reflects management's current expectations. These
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ
materially from current expectations. Some of these factors
include: general global economic conditions; general industry and
market conditions and growth rates; uncertainty as to whether our
strategies and business plans will yield the expected benefits;
increasing competition; availability and cost of capital; the
ability to identify and develop and achieve commercial success; the
level of expenditures necessary to maintain and improve the quality
of services; changes in the economy; changes in laws and
regulations, includes codes and standards, intellectual property
rights, and tax matters; or other matters not anticipated; our
ability to secure and maintain strategic relationships and
distribution agreements. Novus Medical Group disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact Information
Corporate:
Chairman and
CEO
Frank
Labrozzi
frank@ndev.biz
855-228-7355
Investors:
Hayden
IR
hart@haydenir.com
917-658-7878
