Press Release
Novus Reports Q1 Results And Key Success Factors Following DEA Rescheduling
–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:
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Investor's Page
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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
855-228-7355
Email: pr@getnovusnow.com
Contact Details
Novus Acquisition
Frank Labrozzi
+1 305-467-6699
Company Website
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
COMTEX_453333339/2655/2024-06-04T08:05:52
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
52-54 Lime St, London, EC3M 7AF, United Kingdom, STG Energy, a well-known player in the cryptocurrency cloud mining space, has recently launched a groundbreaking expansion of its cloud mining offerings. As a certified hash provider with facilities in several countries including the UK, Iceland, Kazakhstan and Canada, STG Energy’s latest development will change the cryptocurrency mining landscape by making it possible for everyone to participate and profit.
Founded in February 2017, STG Energy has been at the forefront of providing cloud mining solutions. Currently, the company serves more than 4,000,000 customers worldwide and has stepped up its efforts to democratize the mining industry. STG Energy has launched a range of affordable cloud mining plans that do not require a large upfront investment and technical expertise, making it easy for anyone interested in cryptocurrency mining to get started.
New users can get $15 immediately upon registration and enjoy automatic daily payouts. STG Energy’s products cover a variety of crypto contracts and include a strong affiliate program with lifetime rewards of 7%. In addition, all of these services come with 24/7 online support and high-end security features, including DDoS and SSL protection systems, ensuring a safe mining environment.
STG Energy offers a variety of investment options, designing profitable packages suitable for a variety of investors, from entry-level mining packages priced at $15 to advanced Filecoin mining packages priced at $35,000. These plans offer fixed returns and have specific validity, ensuring that investors can take advantage of the growing popularity of various cryptocurrencies.
Cloud Mining Packages
The main difference between STG Energy and other platforms lies in the mining packages and profits. By providing state-of-the-art blockchain technology and a user-friendly interface, STG Energy makes it easier for any user to participate in the lucrative world of cryptocurrency mining. The most outstanding part of STG Energy is that it provides daily payouts of profits, and users can withdraw money quickly. Some of the most important packages include:
“Crypto mining shouldn’t be a luxury, but a possibility that is within everyone’s reach. STG Energy is constantly pushing boundaries to make this a reality. Our affordable cloud mining plans are a testament to our mission to democratize cryptocurrency mining, giving everyone the opportunity to join the crypto revolution without having to worry about high upfront costs or technical complexities,”
STG Energy’s secure, easy-to-use platform also allows users to easily withdraw their earnings, making the cloud mining journey seamless from start to finish. “Our commitment to security and convenience extends to our user-friendly interface, which makes it easy for even novice miners to operate,”
In addition, STG Energy’s unique referral system allows customers to invite friends and earn up to 7% commission for each successful referral purchase. This feature increases customer revenue and helps expand the STG Energy user community.
About STG Energy
Founded in February 2017, SITA GLOBAL MINING OPPORTUNITIES, LP (STG) is a world-class cloud mining service company headquartered in the UK. Over the years, our business has expanded to multiple countries including the United States, Canada, Iceland and Kazakhstan, where we operate hundreds of mining farms. Our members come from more than 160 countries and regions, with a global user base of more than 4 million.
To earn money with STG Energy, please visit https://stgenergy.com/
Company Twitter (X): https://x.com/stg_energy?s=11&t=_JMGP6uIUnhIkS9YYXa0xQ
Media Contact Information:
Company Name: STG Energy Investment Company
Company Email: support@stgenergy.com
Company Official Website: https://stgenergy.com/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
United States, 21st Feb 2025, – EstateSlice NFT is an innovative platform leveraging NFT (non-fungible token) technology on the Binance blockchain (BEP20) to democratize real estate investment. By enabling fractional ownership, this platform allows investors to participate in real estate projects without the need for significant capital while benefiting from the transparency, security, and traceability provided by blockchain technology. The minimum investment amount is set at $500.
Rental Income
EstateSlice NFT offers investors the opportunity to generate passive income through fractional ownership of real estate properties. Rental income is distributed transparently to NFT holders on a periodic basis, typically monthly. Investors can monitor asset performance in real time through the platform’s interface.
Referral Program
EstateSlice NFT features a referral program designed to enhance user engagement and community growth. Referrers receive a 5% commission on the investments made by their referrals, fostering an interconnected network of investors while promoting platform expansion.
Blockchain Integration with Binance
The Binance blockchain underpins EstateSlice NFT, ensuring high-speed transactions, enhanced security, and minimal transaction fees. This infrastructure facilitates frequent investments and fast withdrawals. Each real estate asset is tokenized as an NFT, preserving transaction history with immutability and transparency. Investors benefit from seamless purchases, sales, and transfers of property ownership.
The scalability of the Binance blockchain enables EstateSlice NFT to accommodate a growing investor base efficiently while maintaining low-cost and rapid transactions.
Expanding Investment Opportunities
EstateSlice NFT redefines real estate investment by combining blockchain technology with accessible fractional ownership. With structured rental income, a performance-based referral program, and the security of decentralized transactions, the platform presents new diversification opportunities for investors seeking stable returns.
NFT properties are available for purchase at EstateSlice NFT, with listings starting at $500. Follow EstateSlice NFT’s social channels for real-time updates:
Twitter: http://x.com/EstateSliceNFT
Telegram: https://t.me/EstateSlice
Instagram: https://www.instagram.com/estateslicenft/
Media Contact
Organization: Estate Slice NFT
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
The Effects of Ashwagandha on Academic Performance, Announced by the Stanford University Sleep Research Institute
United States, 20th Feb 2025, – On January 13, 2024, the Stanford University Sleep Research Institute published study results indicating that ashwagandha can positively affect sleep, thereby boosting students’ academic performance and overall work productivity. According to the study, ashwagandha is often referred to as a natural stress reliever and may have beneficial effects on the human body.
Studies on cognitive enhancement have shown that compared to the non-supplement group, those who took ashwagandha experienced a 51.7% improvement in logical memory and a 17.1% increase in verbal associative memory over an eight-week period. (Intake period: 8 weeks / Choudhary, D., Bhattacharyya, S., & Bose, S. (2017). Efficacy and safety of Ashwagandha (Withania somnifera (L.) Dunal) root extract in improving memory and cognitive functions. Journal of dietary supplements, 14(6), 599-612.)
Ashwagandha is a natural plant that has been used for centuries in traditional Ayurvedic medicine. In recent years, its various health benefits have been scientifically studied, aligning with the findings of this research. It is particularly known for reducing stress, improving sleep, and enhancing cognitive function. One of its key features is that it provides these benefits without adverse side effects.
Stress is known to be one of the factors that hinder learning efficiency. Ashwagandha helps reduce stress and anxiety by lowering cortisol levels, the hormone associated with stress. In particular, it has shown remarkable efficacy in improving cognitive function, memory, and concentration. One report suggests that taking ashwagandha twice daily for eight weeks led to significant improvements in general memory, executive function, sustained attention, and information processing speed.
In particular, the compounds withaferin A and withanolide D in ashwagandha are cited as the main factors that help reduce stress and improve cognitive function, both of which contribute to better academic performance. Furthermore, published findings indicate that these compounds are also highly effective in treating insomnia, often viewed as an incurable ailment among students and modern individuals.
Ashwagandha plays a crucial role in regulating various hormones. It helps lower stress levels by reducing cortisol secretion. Additionally, it supports weight management by regulating ghrelin, the hormone responsible for appetite, and leptin, the hormone that signals fullness. and depression by modulating serotonin levels. Finally, it is believed to improve chronic fatigue and lethargy by supporting adrenal function. Through these mechanisms, ashwagandha significantly relieves insomnia.
As a result, ashwagandha’s ability to enhance sleep quality is seen as an important factor in stimulating brain function among growing students. By improving physical condition and relieving stress, it helps create an optimal environment for maximizing concentration and absorbing new information.
A health supplement formulated with L-theanine, magnesium, and ashwagandha first gained attention in Palo Alto, California, a region known for its strong academic culture. It has since expanded its availability across the United States.
In particular, parents in Palo Alto have been spreading the word about the supplement’s ability to reduce stress and enhance learning abilities in students, making it increasingly popular. One parent shared in a local interview, “I noticed a clear improvement in my child’s concentration after he started taking it” and added, “He now takes it consistently every day.”
According to industry sources, the supplement is currently being distributed primarily through major pharmacies in the U.S. and plans to expand into larger retail outlets and online marketplaces in the near future.
Media Contact
Organization: Nukhan
Contact person: James Robert
Website: https://www.nukhan.co.kr/goods/goods_view.php?goodsNo=1000000108
Email: parkjangho47@naver.com
Country: United States
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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