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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Website
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Investor's Page
- 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
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
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.
Press Release
By The Barnyard Gate Provides a Joyful, Nurturing Environment for Early Childhood Learning in Sachse, TX
At By The Barnyard Gate, we believe in cultivating a joyful and secure environment where children can thrive both academically and personally. The school prioritizes essential values such as responsibility and courtesy, all while providing children with a safe space to explore their creativity, from artistic activities like painting to playful singing sessions.
Sachse, TX, United States, 23rd Oct 2024 – By The Barnyard Gate, a private school in Sachse, TX, is proud to announce its innovative and caring approach to early childhood education. The school’s dynamic programs, which include Fun Shine Express Buttercups, Fun Shine Express Fireflies, and McGraw DLM Early Childhood Express, offer a comprehensive learning experience designed to inspire a lifelong love for learning in young children.
At By The Barnyard Gate, we believe in cultivating a joyful and secure environment where children can thrive both academically and personally. The school prioritizes essential values such as responsibility and courtesy, all while providing children with a safe space to explore their creativity, from artistic activities like painting to playful singing sessions.
“We strive to create a space where kids can truly be kids,” said Blake Simpson, owner of By The Barnyard Gate. “By engaging their natural curiosity and offering a nurturing environment, we help them grow into well-rounded individuals, prepared for future success.”
Comprehensive Early Childhood Programs
By The Barnyard Gate offers a wide range of specialized programs to meet the diverse developmental needs of children:
Fun Shine Express Buttercups: This program for infants and toddlers provides activities that boost physical, intellectual, and social growth across key domains like Language, Physical, Cognitive, and Social-Emotional Development.
Fun Shine Express Fireflies: A monthly preschool curriculum that covers essential topics such as Alphabet, Language, Music, Hands-On Math, Science, and Social activities, promoting engagement and holistic growth.
Fun Shine Express Faith Lessons: This non-denominational program presents 12 Bible stories each year, divided into five lessons per month, vividly displayed to help children connect with the teachings of the Bible.
McGraw DLM Early Childhood Express: A comprehensive learning system that focuses on Reading, Math, and other core subjects, laying the foundation for a lifetime of academic success.
With outdoor playgrounds designed to build motor skills and a large indoor playland for rainy days, By The Barnyard Gate ensures that every day is filled with fun, exploration, and learning.
For more information about By The Barnyard Gate and its programs, visit www.thebarnyardgate.com or contact us at (972) 552-2276 or via email at Barnyardgatesachse@yahoo.com.
Media Contact
Organization: By The Barnyard Gate
Contact Person: Blake Simpson
Website: https://thebarnyardgate.com/
Email: Send Email
Contact Number: +19724950416
Address: 4701 Bunker Hill Rd, Sachse, TX 75048
City: Sachse
State: TX
Country: United States
Release Id: 23102418775
The post By The Barnyard Gate Provides a Joyful, Nurturing Environment for Early Childhood Learning in Sachse, TX appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
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.
Coin Captain Introduces Innovative Play-to-Earn Platform in the TON Ecosystem
Coin Captain (@CoinCaptainAnn) has released its eagerly-awaited game on the Telegram platform and has integrated a completely new ‘Spin to Airdrop’ mechanism for the TON community fans. Still, this relatively new addition to the play-to-earn genre already has more than 810,000 users and is rapidly closing in on the 1m+ mark within the blockchain games space.
The central mechanism of the Coin Captain app is the Lucky Wheel within which players use spin energy to receive gold coins and more spin energy. These gold coins serve a dual purpose: it also forms the basis of in-game money, currently defines who gets access to future token airdrops and brings an element of strategy into the game.
Key features of Coin Captain include:
- Lucky Wheel: Players spin to earn gold coins and spin energy.
- Treasure Boxes: Unlocked when the energy bar fills, offering rewards including cash prizes up to 500 USDT.
- Daily Tasks: Encourage regular engagement with rewards for actions like logging in and inviting friends.
- Automatic Energy Replenishment: The system provides spin energy every 10 minutes, ensuring continuous gameplay.
- Invite System: Players earn additional spin energy for each friend they bring to the game.
Coin Captain has formed strategic alliances within the crypto and gaming sectors to expand the game’s reach and offer additional value to players:
- Taptap_Pinky: A charitable initiative inspired by MrBeast, rewarding users for screen taps.
- Pumpad IDO: Offering potential access to $tBOL tokens for Coin Captain players.
- Sidekick: A Binance Labs-backed project focusing on social and gaming consolidation.
- Packet Gift: A social gifting platform that complements Coin Captain’s reward structure.
These collaborations aim to enhance the gaming experience and position Coin Captain at the intersection of gaming, social interaction, and charitable giving.
The development team has outlined a roadmap for the coming months:
- Q1: Focus on basic game mechanics, daily rewards, and community building.
- Q2: Introduction of the “Spin to Earn” feature and announcement of additional partnerships.
- Q3: Implementation of an in-game wallet and the token airdrop (TGE).
Plans include more rewards for the Lucky Chest and time-limited events to keep the gameplay fresh and engaging.
Since its launch, Coin Captain has seen growth in its community. The game’s official Telegram channel (@CoinCaptainAnn) and community group (@coincaptainofficial) have become active hubs, with players sharing strategies and discussing the game. The Twitter account (@coincaptain_ton) serves as a platform for announcements and community engagement.
The launching of Coin Captain brings them a new leap in combining blockchain technology with casual games. Using Telegram’s popularity, and the increased interest in the TON ecosystem, the Coin Captain wants to familiarize users with play-to-earn and blockchain gaming.
The case of the airdrops in the game and using the in-game performance as a qualifier would be a blueprint for the supply of tokens in the gaming industry. Unlike other models, this one promotes engagement, and practice, rather than guessing or speculation.
As Coin Captain ventures deeper into blockchain gaming, it takes a unique approach to how the ecosystem fosters interaction and incentives. Based on the landing page, the system’s interface, potential partnerships, and all the promises of actual earnings, Coin Captain is ready to provide solutions in the play-to-earn industry.
Players interested in joining Coin Captain can start by visiting the official Telegram bot: @CoincaptainGameBot.
About Coin Captain:
Coin Captain is essentially a TELEGRAM-based P2E game that is centered in the TON blockchain. The idea of the Coin Captain is to combine the entertainment of “Spin to Airdrop” and partnerships with companies in the casual gaming business, based on its reliance on blockchain technologies.
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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
Trivolve Tech and Quixy joins hands to Revolutionize Forensic Systems in India on Cardano
Hyderabad, India, 22nd October 2024, ZEX PR WIRE, Trivolve Tech, a blockchain and AI product studio and Quixy, a leader in no-code/low-code enterprise solutions, , have officially partnered to co-develop cutting-edge forensic management systems for state governments across India. This collaboration aims to revolutionize the handling and integrity of forensic evidence by integrating Cardano blockchain technology and Zero-Knowledge Proofs (ZKP) into evidence management systems.
The project will initially focus on the Uttar Pradesh state government, which handles over one million forensic cases annually. The key objective is to enhance the forensic chain of custody—a process crucial for ensuring the authenticity and integrity of forensic evidence presented in court.
Addressing the Challenges in Forensic Evidence Management
Forensic departments in India face significant challenges in maintaining the chain of custody for evidence. Current centralized systems are vulnerable to tampering and unauthorized access, posing risks to the credibility of evidence in legal cases. The joint venture between Quixy and Trivolve Tech addresses these challenges by developing a decentralized solution leveraging Cardano’s smart contracts and Zero Knowledge Proofs. This approach ensures that every step in the chain of custody is immutably recorded on the blockchain, providing an unprecedented level of transparency and security.
Integrating Cardano Blockchain for Enhanced Security and Scalability
Cardano, one of the most decentralized and sustainable blockchain platforms, will be integral to the forensic management system through its cryptographic hashing. Cardano operates on a proof-of-stake (PoS) consensus mechanism, which makes it 99.99% more energy-efficient than Bitcoin and Ethereum. This sustainability, coupled with security, positions Cardano as an eco-friendly option for large-scale projects like this one.
Rahul Konudula, CEO of Trivolve Tech, commented, “By integrating Cardano blockchain with forensic management, we are providing a game-changing solution that improves transparency, accountability, and security for law enforcement agencies. This collaboration could set the standard for forensic evidence management across India’s 28 states and 8 union territories.”
About Quixy
Quixy is a no-code/low-code platform that helps organizations automate business processes and build enterprise applications faster with fewer resources. With over 26,000 no-code apps and 200,000 users, Quixy is one of India’s leading software companies.
About Trivolve Tech
Trivolve Tech is a product development studio solving real-world problems through Blockchain and AI. They integrate blockchain into enterprises and government operations, driving innovation and sustainable growth while enhancing liquidity by tokenizing Real World Assets.
For more information, please visit:
Quixy – https://quixy.com/
Trivolve Tech – https://trivolvetech.com/
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.
By The Barnyard Gate Provides a Joyful, Nurturing Environment for Early Childhood Learning in Sachse, TX
Coin Captain Launches Revolutionary “Spin to Airdrop” Game on Telegram
Trivolve Tech and Quixy joins hands to Revolutionize Forensic Systems in India on Cardano
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