Indicates Oklahoma’s first supplier շարունակ continuous compliance with carrier agreements
MIAMI, August 12, 2021 (GLOBE NEWSWIRE) – Novus Acquisition and Development, Corp. (OTC Markets: NDEV:), through its wholly owned subsidiary WCIG Insurance Services LLC, is a hybrid health insurance company, the nation’s first healthcare provider to cannabis-supplied drug users, reported today on its second-quarter financial results. ended June 30, 2021 վեց expanded into the Oklahoma market.
Novus continues to gather more health carriers and third party administrators increase its cannabis benefits as a on horseback և / or as a Additive package consumer health programs. These alliances recognize the potential for increased revenue և market share as consumer spending increases in the legal market.
According to: Forbes: «until 2025 “5.4 million Americans, or 2.4% of US adults, will be registered in sick cannabis states.” However, what was not taken into account was the increase in prices և the increase in the federal tax on recreational products. To curb this growth, we anticipate an influx of drug and entertainment consumers who turn to cannabis for their health plans to make it affordable.
In the second quarter of 2021, four important events were registered.
a) Financial highlights:
Increase in revenue$ 4,821, or 8%, to $ 64,731 for the three months ended June 30, 2021, compared to $ 59,910 for the three months ended June 30, 2020
Profit marginBusiness has shown a 37% profit margin pricing structure in its business model for the three months ended June 30, 2021
Net income growth$ 3,396 or 17% up to $ 24,080 for the three months ended June 30, 2021, compared to the three months ended June 30, 2020
Increase of shareholders’ equity$ 1,481,749 as of June 30, 2021, $ 1,468,783 as of December 31, 2020
Cash equivalents և cash equivalents are increasingUp to $ 163,172 on June 30, 2021, compared to $ 154,345 for the three months ended June 30, 2021.
b) Oklahoma Market Access: Light Heart Farms dispensary Tulsa Oklahoma will be the first Provider to offer preferential pricing to Novus patient / members as we begin to expand in the area. In two years, patients with medical cannabis in Oklahoma (5% of its 4 million residents) have outperformed those on medical cards, surpassing those in many states. Second, in Oregon, it has 15 cannabis dispensaries per 100,000 inhabitants, making it the most competitive in the country with vertical cannabis businesses already competing fiercely for the state’s 250,000 cannabis users.
c) PRAM:. The market starts to reach their subscriber base. PRAM focuses on the benefits of private prescription drugs. they identify a particular need to limit the cost of pharmacies in the market. They have a significant customer base in the group markets իչ distribution base with carriers.
d) Compass Health:. This insurance agents platform offers personalized ready-made purchase plans designed for agent access to personalized policies. Their portal may combine Novus Cannabis MedPlan with warranty issues as an independent policy.
Other notable agreements.
Unique Insurance Concepts UIC:. Consortium of health insurance agents focusing on group policy, Medicare supplements, dental և serious illnesses with over 5,000 corporate clients.
Go register / improve your health. One of the nation’s best InsureTech platforms for large groups of over 92,000 customers. This platform allows employees to integrate cannabis with Dental, Vision, GAP and other medical programs. Health promotion programs involve more than 4,500 employers, allowing their employees to choose alternative treatments that may not be available through their traditional health care providers.
United:. Medical Expenditure Distribution Provider: ACA-Exempt Health Care. His health-based sharing program focuses on Disaster Plans և Complete Health.
Significant benefits: Is it? Minimal essential care (MEC) is a program that meets the requirements of Affordable Care Act to obtain health insurance. Some of these programs within the MEC include market plans, work-based programs, and Medicare և Medicaid. It mainly focuses on the coverage of routine disease prevention plans.
Wellness 360:This is an employee-based health platform that offers plans, program guides, online educational resources, white-label health program, and many other workplace health options.
Back 9 Insurance:InsureTech is a platform that sells annuities, life, long-term care: disability. Their platform makes it easy for agents to display side-by-side comparisons with more than 50 operators; they offer Novus software in case of cross-selling.
National life. Contracted by Novus provider Compass Health, it is one of the oldest life insurance carriers in the country.
Medova Healthcare:. Novus has partnered with Medova Healthcare to offer Bridgewell Health® Six Guaranteed Release Programs, which offer preventive և health care programs with healthy medical benefits designed for employee health.
As health care spending will outpace inflation, federally legalizing an increase of 15% to 25% in state duties, on average 21%, cannabis will undoubtedly become more expensive. Novus maintains its business model position by influencing cannabis users, making it accessible by encouraging patients / members to choose it as a health benefit, thereby reducing overall out-of-pocket revenue.
Novus Acquisition & Development Corp. (NDEV:), through its subsidiary WCIG Insurance, provides health insurance և related health insurance solutions և in the medical marijuana industry, where there are legal plans. Novus has developed its infrastructure in many areas of the insurance business, such as health, property, victims, life, accidents, and annuities.
Novus Medical Cannabis Benefit Package will work as an outside developer; will not process, cultivate, transport, grow, extract, distribute, sell, market, sell, deliver, supply, circulate or trade cannabis or any other substance. violates United States law or the Controlled Substances Act, and does not intend to do so in the future. Specific product announcements have not been evaluated by the US Food and Drug Administration (FDA) չեն are not intended to diagnose, treat, cure or prevent any disease. All information contained in these press releases, or on the product label or packaging or any information contained therein, is for informational purposes only չէ not intended as a substitute for advice from your doctor or other healthcare professional. When the push notification expires, the transaction is made exclusively through a “registered patient” of a state-licensed dispensary.
State law is in conflict with federal law on controlled substances. The current administration has, in fact, stated that it is not an effective use of resources to direct federal law enforcement to prosecute law-abiding individuals, which allows the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor the future administration, will change this policy and decide to strictly enforce federal law. Any such change in the application of current federal government laws may result in significant financial changes to Novus Medical Group. Whether we do not intend to harvest, distribute or sell cannabis or cannabis-related products, we may be harmed by changes in use by federal or state governments.
This issue includes prospective statements based on certain assumptions that reflect current management expectations. These prospective statements are subject to a number of risks and uncertainties that may cause actual results or events to differ significantly from current expectations. Some of these factors include: industry ընդհանուր general market conditions և growth rates. Uncertainty as to whether our strategies և business plans will deliver the expected benefits. increase competition; availability of capital և value; Ability to identify, achieve, and achieve commercial success. The level of costs required to maintain and improve the quality of services. economic changes; Changes in laws և regulations, including codes իչներ standards, intellectual property rights և tax issues. or other unforeseen issues. strategic relationships ապահով securing distribution agreements մեր maintaining our ability. Novus disclaims any intention or obligation to update or revise any prospective announcements, regardless of new information, future events or otherwise.
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