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Novus Reports Q1 Results And Key Success Factors Following DEA Rescheduling

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–News Direct–

Miami, Florida – (ThriveNewsWire) – Novus Acquisition & Development Corp d/b/a Novus Cannabis MedPlan (OTC Markets: (NDEV) is a leading national supplemental health insurance carrier and pioneer in offering cannabis in health plans for recreational and medicinal users. It released its update on its Q1 2024 results, Rx Dispensing Platform, and Key Elements that fuel its success after the Drug Enforcement Agency (DEA) announced that cannabis will be rescheduled.

Novus Cannabis MedPlan (Novus) has been integrating cannabis into health plans since 2015. With a network of over 1,200 agents, brokers, and dispensaries, Novus aims to make cannabis-based treatments more affordable and accessible through insurance plans, benefitting a wider range of consumers.

Here are three key highlights that contribute to Novus' success.

1) Financial Snapshot:

The company utilizes a receivable-based business model with minimal overhead and no convertible debt, demonstrating consistent organic growth year over year.

No Dilution: No common stock has been issued after June 15, 2021.

No Sales of Insider Shares: For close to 3 years

Gross Revenue Increase: During this reporting period, Gross Revenue increased by 6.8% compared to March 31, 2024 and 2023, respectively,

Net Revenue Increase: During this reporting period, EBITDA increased by 19.47% compared to March 31, 2024, and 2023.

Profit Margin: During the reporting period, the company experienced a gradual increase in gross profit margins, with margins of 43.14% in 2023 and 45.2% in 2024

Cash and Cash Equivalents: There was an increase of 1.8% compared to the financial reporting periods on March 31, 2024, and December 31, 2023. This is in contrast to the higher increase of 6.84% in the period from March 31, 2023, to 2024.

Debt Transparency: Frank Labrozzi, the CEO, is owed $158,061. He has no plans to exercise the call provision, and this debt instrument has no equity conversion provision.

Leak Out Vendor Shares: All vendors who received treasury-issued stock must gradually sell their shares. The selling amount is determined based on 15% of the average daily trading volume over the past 30 days.

2) Introducing the Rx Dispensing Platform

Novus is strategically positioning its cannabis health plans to become a prominent player in mainstream healthcare insurance by acquiring an Rx Dispensing Platform tech stack. Frank Labrozzi, CEO of Novus, stated, "This advancement will significantly impact cannabis in health plans. By promoting collaboration between brands and dispensaries, we aim to empower policyholders with more choices, enabling them to purchase the brands they prefer at any dispensary.

Cannabis brands can use the platform to connect directly with dispensaries and showcase their products at no cost. This will improve product distribution efficiency, increase brand visibility, provide real-time inventory data, and facilitate product research for the policyholder.

An added bonus to For Rec Users: This platform serves recreational users who prefer not to disclose personal information like their policyholder status to access plan benefits. Instead, users can discreetly order services for a small subscription or transaction fee.

3) Key Success Factors

Midwest Expansion: Novus has partnered with Heya Wellness, a prominent cannabis company in Missouri, to offer MedPlans to 4.3 million potential policyholders in the Midwest. By leveraging Missouri's favorable reciprocity laws, Novus aims to maximize the benefits for our sales hub based in St. Louis.

Health Carrier Alliances Integration with Traditional Healthcare:

By treating cannabis as a traditional pharmaceutical product and including it in insurance plans, Novus could help normalize cannabis use for medical, recreational, and non-users. Now that there is federal approval, Novus bridges traditional healthcare and the cannabis industry, enhancing major healthcare carriers who have expressed interest in integrating Novus' cannabis-based prescription plans into their benefits packages, establishing a connection between the two industries.

Compassionate Care Act (CCA): The CCAs, which the Supreme Court sanctions, typically focus on making medical marijuana accessible to workplace patients with specific conditions. Human Resources departments are revising workplace policies to allow employees to access medical marijuana through employer-sponsored health plans. Novus plans to cover some costs through tax-deductible health savings and health reimbursement accounts.

Opioid Settlement Framework:

The opioid settlement framework is a legal agreement aimed at resolving litigation against pharmaceutical companies and health carriers accused of contributing to the opioid crisis. It includes $50 billion for prevention, treatment, and recovery programs with the goal of mitigating the crisis' impact and preventing future misuse. Novus is playing a crucial role in reducing opioid use by offering states and private organizations alternative treatment options through our developed health plans that help patients transition from opioids to medical cannabis.

Compliance with the Veterans Affairs (VA): Veterans are increasingly interested in utilizing cannabis for treatmentover 88% support medical cannabis programs. Novus has developed health plans following VA guidelines to integrate cannabis benefits for veterans.

In closing: As Novus adjusts to the positive changes in federal cannabis regulation, we are prepared to utilize our niche approach to cannabis in health plans, which utilizes a receivables-based business model. This approach strategically enables us to organically invest in critical areas such as marketing, improving engagement with policyholders and providers, and establishing a reliable cash flow management system. This positions Novus as a significant player in the fast-evolving cannabis integrated into health insurance plans. Do your research on our company to understand our potential in shaping the future of healthcare. Visit our Investor Relations page to see for yourself.

About Novus

Further Research:

  1. Financial Filings:

    Click Here

  2. Quote:

    Click Here

  3. Website

    Click Here

  4. Investor's Page

    Click Here

  5. Video Of Investment Highlights: Click Here

Novus Acquisition & Development Corp. (NDEV) operates through its subsidiary, WCIG Insurance Services, Inc., offering health insurance and related insurance solutions in states with legal medical marijuana programs. With a robust infrastructure covering various insurance lines, including health, life, and fixed annuities, Novus is a leading health insurance carrier, using two key indicators to gauge value and performance.

The Benefit Monetization Ratio measures the annual total of monetized policies, offset by the operating cost ratio, a Balance Sheet line item derived from Net Asset Value and calculated to the Price Book Value.

Novus' medical cannabis benefits package operates as an outside developer. It does not engage in any activities related to the cultivation, handling, transportation, growth, extraction, dispensing, sale, marketing, vending, delivery, supply, circulation, or trade of cannabis or any substances violating United States law or the Controlled Substances Act. The company adheres strictly to state and federal laws and has no intentions to violate them in the future.

It is important to note that statements regarding specific products have not been evaluated by the United States Food and Drug Administration (FDA) and should not be interpreted as intended to diagnose, treat, cure, or prevent disease. The information provided in press releases and product labels is for informational purposes only and should not be considered a substitute for advice from qualified healthcare professionals.

Novus respects the individual transactions involving cannabis, which are solely between state-licensed dispensaries and registered patients. However, it's worth noting that state laws may conflict with the federal Controlled Substances Act. The current administration has indicated that federal law enforcement agencies will not prioritize prosecuting those complying with state-designated laws concerning medical marijuana usage and distribution. Nevertheless, changes in government policies and consolidation could impact the provider network, and there is no assurance that future administrations will not alter this stance.

While Novus does not engage in the harvest, distribution, or sale of cannabis or cannabis-related products, the company could be affected if there were any shifts in enforcement by federal or state governments concerning existing laws. Such changes could result in significant financial implications for Novus and other industry players.

Forward-Looking Statements

This release includes forward-looking statements, which are based on certain assumptions and reflect 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. Dilution, if any, would be for the purposes of management taking stock in lieu of cash salary. Novus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, this press release that is not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.

Investor Contact Information

Investor Website

855-228-7355

Email: pr@getnovusnow.com

Contact Details

Novus Acquisition

Frank Labrozzi

+1 305-467-6699

frank@ndev.biz

Company Website

https://getnovusnow.com/

View source version on newsdirect.com: https://newsdirect.com/news/novus-reports-q1-results-and-key-success-factors-following-dea-rescheduling-714937832

Novus Acquisition & Development Corp

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Press Release

BYDFi to List GOAT Token, Exclusive Rewards for New Traders

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BYDFi, one of Forbes’ top 10 Crypto Exchanges, has announced the listing of Goatseus Maximus (GOAT) .

Celebrating this new listing, BYDFi is offering exclusive, limited-time rewards to both new and existing traders: share 2,000 USDT bonus + 1,000 GOAT!

Full details about these rewards and how to qualify are available on [official announcement].

What is Goatseus Maximus (GOAT)?

Goatseus Maximus (GOAT), the first meme coin on the Solana blockchain managed by an artificial intelligence known as “Truth of Terminal,” is breaking new ground in the world of digital assets. With a significant investment from Marc Andreessen(co-founder of a16z), GOAT has gained notable backing that highlights its potential to reshape the digital economy. The token is currently trading at $0.4316/ token with an impressive market capitalization of $432,79M. Despite its recent launch in the crypto market just a few days ago, Goatseus Maximus has quickly become the talk of the crypto town. One reason is that its coin price has surged 10,000 times in the past five days.

About BYDFi

Established in 2020, BYDFi is a top-tier crypto exchange recognized by Forbes and trusted by millions of users worldwide. Endorsed by CoinMarketCap and CoinGecko, it is known for its professionalism, innovation, and exceptional security. The platform offers more than 600 cryptocurrencies for spot trading and advanced options like 200x leverage on perpetual contracts. BYDFi prioritizes user security, provides 0% trading fees, and facilitates easy crypto purchases in partnership with Banxa, Transak, and Mercury. Its wide range of trading tools enhances the trading experience and makes BYDFi an ideal choice for crypto traders worldwide.

Contact:

BYDFi Media Manager

Chloe@bydfi.com

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Press Release

Protecting the Green and Beautiful Homeland to Make for Biodiversity

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Wenshan Prefecture is recognized as a treasure trove of species and genetic resources, both in China and globally. The academic community regards it as the “center of ancient plant distribution,” and it is the origin and modern distribution center for the Magnoliaceae family. This region is also known as the “Hometown of Magnolias in China.” Wenshan is home to extensive subtropical evergreen broad-leaved forests, karst forests, and unique cave ecosystems. It has been hailed as “An Oasis on the Karst Landform,”and “A Paradise of Biodiversity,”making it one of the most bio-diverse areas in Yunnan Province. In recent years, Wenshan Prefecture has been accelerating efforts to enhance its biodiversity protection capabilities, strengthening ecological space management, and effectively safeguarded the key ecosystems, habitats of rare and endangered wildlife, scenic areas, and biodiversity-rich regions.

Practicing the Green Development Concept to Achieve Significant Ecological Protection Results

Since 2011, Wenshan Prefecture has completed afforestation efforts covering 8.776 million mu (approximately 5.85 million hectares). Compared to 2016, the area of rocky desertification land has decreased by 226,800 hectares, with a forest coverage rate of 36.71% and the grassland vegetation coverage reaching 87.3%. Across the region, 27 nature reserves have been established, covering an area of 184,100 hectares, accounting for 5.86% of the total land area. Among these, there are 12 national-level reserves, 14 of provincial-level, and 1 of prefectural-level.

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Wenshan Prefecture currently has 416 recorded terrestrial wild animal species, of which 116 are listed under national key protection. There are 22 species of wild animals under first-class national protection, such as the slow loris, pangolin, and forest musk deer. Additionally, there are 94 species under second-class national protection, including the short-tailed monkey, Chinese goral, and silver pheasant. The region also boasts 7,907 species of wild vascular plants, with 224 species included in the national key protection list, representing 20.34% of the country’s total. There are 24 species of first-class nationally protected wild plants, such as Parashorea chinensis and Wenshan Red Orchid, and 186 species of second-class nationally protected plants, such as Aristolochia delavayi and Bole Tree. Wenshan has 57 plants species of extremely small populations, accounting for 47.5% of the national total and 56.44% of the provincial total respectively. The region also boasts 265 endemic plants, such as Manglietiastrum sinicum, Chinese Swamp Cypress, Michelia chapensis, Phoebe puwenensis, and Camellia reticulata. Moreover, Wenshan has 24 tea plant germplasm resource populations, covering an area of approximately 12,000 hectares with about 460,000 individual plants.

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Leading in Biodiversity Protection to Cement Ecological Security

Efforts have been made to enhance the monitoring and surveying of wild animal resources. In 2023, through sample line surveys, the Wenshan National Nature Reserve monitored 24 wild animal species, including the slow loris, pygmy loris, pangolin, masked palm civet, leopard cat, silver pheasant, golden pheasant, Yunnan Warty Newt, and Starry Torrent Frog. The monitoring recorded 61 bird species with 147 individuals, and 41 amphibian and reptile species with 341 individuals. Infrared cameras captured images of 20 species of ground-dwelling mammals from 9 families across 4 orders, and 58 bird species from 19 families across 5 orders. Among these, there were 2 species of second-class nationally protected wild mammals and 12 species of second-class nationally protected birds.

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In addition, rare and endangered plants such as Manglietiastrum sinicum, Acer yangbiense, and Cycas debaoensis have been introduced through experimental planting, with over 167 Manglietiastrum sinicum saplings, over 100 Acer yangbiense saplings, and over 30 Cycas debaoensis saplings planted. In collaboration with the Kunming Institute of Botany, Chinese Academy of Sciences, a baseline survey was completed for one hectare of mossy dwarf forest vegetation in the reserve. This survey provides a solid foundation for future re-evaluation and the assessment of ecosystem changes. Surveys were also conducted on 11 vegetation community sample plots and 13 key protected species plots, resulting in the collection of over 1,000 samples.

Utilizing Scientific Protection Achievements to Promote Harmonious Coexistence Between Man and Nature

Wenshan Prefecture has been actively working to shape a demonstration base for modern plateau agriculture focusing on the traditional Sanqi (Panax notoginseng) Chinese herbal medicine industry and the integrated development of grain, fruit, vegetable, and livestock farming. These efforts aim to promote sustainable and healthy agricultural development. Additionally, the region is fostering new integrated development models that combine culture, sports, tourism, and wellness, creating new scenarios, industries, and brands that inject fresh vitality into the tourism industry.

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The modern agricultural development represented by green food achieved vigorous growth. Wenshan has completed the construction of 117 demonstration areas of the “Six One-Hundred Bases” and 93 newly certified agricultural products under the “Three Products and One Standard” system. 14 provincial-level industrial bases have received recognition of  “Green Food Brand” standards.

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Focusing on the goal of becoming the global “City of Sanqi(Panax notoginseng),” Wenshan is advancing the entire Sanqi industrial chain, including planting, processing, trading, branding, and the listing of companies. The goal is to develop the Sanqi industry into a 100-Billion-Yuan industry. In 2023, the Sanqi planting area in Wenshan Prefecture reached 2.295 million mu, generating a comprehensive total output value of 17.895 billion yuan for Sanqi industry .

Wenshan Prefecture firmly upholds the development concept that “lucid waters and lush mountains and are invaluable assets.” With a deep-rooted foundation of green development, a beautiful landscape of ecological prosperity, thriving forestry, and prosperous livelihoods is gradually unfolding across the land of Yunnan.

2024-10-12 16:34:40.571000

    

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Crypto Forensics Company Launches “The Ultimate Guide to Recovering Stolen Cryptocurrency”

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Crypto Forensics Company, a leader in blockchain analysis and cryptocurrency investigations, is excited to announce the release of its comprehensive guide, “The Ultimate Guide to Recovering Stolen Cryptocurrency: Strategies and Tools Using Crypto Crime Investigations.” This essential resource is designed for victims of cryptocurrency theft, law enforcement agencies, and financial institutions looking to navigate the complex world of crypto forensics.

 

As the cryptocurrency market continues to grow, so does the prevalence of cybercrime targeting digital assets. According to recent reports, billions of dollars worth of cryptocurrency are stolen each year, leaving victims feeling hopeless and vulnerable. In response to this growing issue, Crypto Forensics Company has compiled a detailed guide that equips readers with the knowledge and tools necessary to recover stolen assets.

 

Key Features of the Guide:

 

1. In-Depth Analysis of Crypto Crime Trends: Understand the latest methods employed by cybercriminals to steal cryptocurrency, providing readers with insights into how to protect their assets.

 

2. Step-by-Step Recovery Strategies: Detailed, actionable strategies for victims to follow immediately after a theft occurs, increasing the chances of recovery.

3. Tools and Technologies: An overview of cutting-edge tools and technologies used in crypto forensics, including blockchain analysis software and tracking techniques.

 

4. Case Studies: Real-world examples of successful recoveries, showcasing the effectiveness of the strategies outlined in the guide.

 

5. Expert Insights: Contributions from leading experts in the field of crypto forensics, offering their perspectives on prevention and recovery.

 

 

“Our guide is a pioneering effort to provide individuals and organizations with the tools they need to combat cryptocurrency theft,” said Mr Mark, CEO of Crypto Forensics Company. “We understand the complexities of the blockchain and the emotional toll that losing digital assets can take. Our goal is to empower victims with knowledge and effective strategies for recovery.”

 

The guide is available for download on the Crypto Forensics Company website www.cryptocrimeinvestigation.com , along with additional resources and support for those affected by crypto crimes.

 

Victims of cryptocurrency theft often experience a range of profound emotional impacts, including:

 

1. Shock and Disbelief: Initially, victims may find it hard to accept that they have been targeted and that their assets have been stolen. This disbelief can lead to confusion and a sense of helplessness.

 

2. Anger and Frustration: Many victims feel intense anger towards the perpetrators, the cryptocurrency system, or themselves for falling victim to a scam. This frustration can manifest in various ways, including aggressive behavior or withdrawal from social interactions.

 

3. Anxiety and Fear: The fear of further financial loss or being targeted again can lead to chronic anxiety. Victims may worry about their financial future, potential identity theft, or the security of their remaining assets.

 

4. Depression: The loss of significant funds can lead to feelings of hopelessness and despair. Victims might experience a decline in self-esteem and a sense of failure, especially if they invested their savings or retirement funds.

 

5. Isolation: Victims may feel alone in their experience, especially if they believe others won’t understand or relate to their situation. This can lead to social withdrawal and a reluctance to discuss their experience with friends or family.

 

6. Distrust: Following a theft, victims often become wary of the cryptocurrency market and technology in general. This distrust can extend to financial institutions and online transactions, impacting their willingness to engage in future investments.

 

7. Guilt and Shame: Many victims grapple with feelings of guilt for not having taken better precautions or for trusting the wrong sources. This can lead to a cycle of self-blame that exacerbates their emotional distress.

 

8. Hope and Resilience: While the emotional impacts can be overwhelmingly negative, some victims may also experience a sense of hope and determination to recover their losses. This resilience can drive them to seek help, learn more about security measures, and take proactive steps to prevent future theft.

 

Overall, the emotional toll of cryptocurrency theft is significant, highlighting the need for support systems and resources for victims to cope with their experiences.

 

About Crypto Forensics Company:

 

Crypto Forensics Company is a pioneering organization dedicated to combating cryptocurrency crime through innovative forensic analysis and dedicated support. With a team of experts in blockchain technology and cyber investigations, the company is committed to helping victims recover their stolen assets and promoting a safer digital currency landscape.

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