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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Financial Filings:
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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
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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
Mike’s Outdoor Maintenance & Tree Removal Expands Capabilities With Powerful 85-Foot Boom to Handle High-Risk Tree Work
The Monticello local company Mike’s Outdoor Maintenance & Tree Removal just added an 85-foot boom truck to its equipment lineup. The family-owned tree service company can now take on high-risk removals with more efficiency.
Monticello, NY, United States, 23rd Nov 2025 – Monticello, NY, is blessed with tall trees, such as American Sycamore, Red Maple, Silver Maple, Tulip Poplar, and Dawn Redwood that often grow 60 to 80 feet. Property owners in the region often find it difficult to arrange for proper trimming and removal. The height makes the task highly complex and risky. Most local equipment reaches only 60 feet, maybe less. That gap forced residents to either hire expensive crane operators or wait weeks for specialized crews to arrive from other areas. Mike’s Outdoor Maintenance & Tree Removal added a new 85-foot boom that gives them access to dangerous trees at heights that were out of reach before.
The company has worked in the tri-county area for years and knows how to handle emergency storm damage, routine trimming, stump grinding, and complete tree removals. Their tree care professionals have built a reputation for quality tree service across Monticello, Scotchtown, Middletown, Orange Lake, Honesdale, Hawley, and dozens of smaller communities. They have trained team members to safely operate the boom. The team uses equipment matched to the job requirements, including crane assistance when the situation calls for it. Customers will receive detailed estimates for tree work needing assistance with this giant 85-foot boom.
“We kept running into situations where trees were just too tall for standard equipment,” a crew leader said. “Homeowners would call us about a dying tree near their house, and we’d have to tell them we couldn’t reach the top safely. That didn’t sit right with us. The 85-foot boom changes everything. We can position ourselves exactly where we need to be and bring down those trees piece by piece without putting anyone at risk or tearing up the yard below.”
Get more available information at https://mikesoutdoormaintenance.com/
Residents have learned they can count on this local company when trees become dangerous. The owner assures them that they will work around the clock and offer the boom’s service anytime during emergencies. As a local team, they understand local needs very well and are determined to meet them. Their local knowledge matters when a 60-year-old maple or pine starts showing signs of trouble or a hemlock develops a dangerous lean.
About Mike’s Outdoor Maintenance & Tree Removal
Mike’s Outdoor Maintenance & Tree Removal has served the tri-county region with comprehensive tree care solutions. They provide tree removal, trimming, stump grinding, and emergency services. Their crews work on residential and commercial properties with a focus on safety and quality.
Media Contact
Organization: Mike’s Outdoor Maintenance & Tree Removal
Contact Person: Michael Perez
Website: https://mikesoutdoormaintenance.com/
Email: Send Email
Contact Number: +18458661949
Address:189 Waverly Ave
City: Monticello
State: NY 12701
Country:United States
Release id:37634
The post Mike’s Outdoor Maintenance & Tree Removal Expands Capabilities With Powerful 85-Foot Boom to Handle High-Risk Tree Work appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
Iconic Tree Care, a local tree service company based in Morristown, VT, now serves property owners throughout Colchester with complete tree care solutions. The expansion addresses growing demand for reliable services.
Morristown, Vermont, United States, 23rd Nov 2025 – Colchester residents face unique challenges with mature trees near homes and commercial properties. Heavy winter snow loads damage trees, ice storms create dangerous situations, and various diseases threaten trees throughout the area. Property owners need quick response times when trees fall on structures or block roadways. Many homeowners struggle to find licensed professionals who carry proper insurance coverage. From now on, Iconic Tree Care is readily available to meet these needs with emergency services available within hours. The company handles storm cleanup, hazardous tree removal, trimming overgrown limbs, and preventive maintenance. Their fully-insured crews protect both property and clients during every project.
The tree care professionals at the company bring modern equipment and technical knowledge to every job site. They manage everything from routine pruning to complex removals near power lines. Their comprehensive services include tree trimming, stump grinding, land clearing, and emergency storm response. Each project starts with a free on-site assessment and upfront written estimates. The company specializes in Vermont’s native species, including maple, oak, pine, and hemlock. With skilled arborists, they identify threats and offer customized solutions. Every service comes with complete cleanup, which saves their customers from dealing with any leftovers.
Get More Information at https://iconictreecare.com/tree-service-colchester-vt/
“Colchester properties deserve the same level of professional care we provide throughout central Vermont,” a team spokesperson explained. “We often used to get calls from people in this area, and it hurt us to say that our services were not available here. But with this extension, now we are glad that we will be able to serve the area. We are dedicated to maintaining the same quality that has shaped our reputation over the years.”
The company’s reputation grows through word-of-mouth recommendations and consistent results. Local property owners appreciate transparent pricing and reliable scheduling. The team communicates clearly throughout each project. Their insurance protects every customer against accidents. Clients receive detailed care recommendations after major tree work. Many customers return for seasonal maintenance on mature specimens. The company has built relationships with property managers, landscapers, and insurance agents across the region. Residents recommend them as projects finish on schedule, and properties look much better after the work concludes.
About Iconic Tree Care
Iconic Tree Care is a Morristown-based company that serves residential and commercial clients across central Vermont. Licensed and insured professionals handle all aspects of tree care with attention to safety and customer satisfaction.
Media Contact
Organization: Iconic Tree Care
Contact Person: Michael Thompson
Website: https://iconictreecare.com/
Email: Send Email
Contact Number: +18023380802
Address:5315 Randolph Rd
City: Morristown
State: Vermont 05661
Country:United States
Release id:37633
The post Iconic Tree Care Expands Professional Tree Services to Colchester, VT appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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
Locally Owned Barto Stumps & Tree Service Announces Fall Readiness Support for Homeowners
Barto Stumps & Tree Service in Spring Hill, FL announces its fall service update, focusing on seasonal tree care to help homeowners keep their landscapes safe and prepared.
Spring Hill, FL, United States, 23rd Nov 2025 – As leaves start to drop and storms become more frequent, many homes across Spring Hill, Brooksville, and nearby areas face falling branches and rotting stumps that can cause costly damage. The team at Barto Stumps & Tree Service understands these seasonal issues. That is why their tree care professionals are offering affordable fall services that focus on safety and prevention. Their work helps reduce hazards and keeps properties looking clean and organized before winter arrives.
For years, the company has served Hernando County with dependable tree trimming, stump grinding, and full removal services. Their qualified arborists are known for skilled, safe work and clear communication with homeowners. Every job includes complete debris cleanup, and the crew works carefully around homes and landscaping. With full insurance coverage, fair pricing, and honest estimates, the business has earned a strong reputation in the community for reliable service.
More information available at https://bartotreeservice.com/
A company representative said, “Fall is an ideal time to work on trees. Ignoring issues at this time can lead to serious troubles during the winter. We want to encourage both residential and commercial property owners to take timely action through this discount. Timely tree maintenance will make winter safe and sound for their family.” The company is appreciated for its sincerity and commitment to the community.
Local residents trust Barto Stumps & Tree Service because they know the crew shows up on time, works safely, and cleans up completely. Their seasonal discount is a chance for homeowners to handle overgrown trees, remove old stumps, or prepare for upcoming storms before small issues turn into big problems. Families across Spring Hill, Brookridge, Timber Pines and surrounding neighborhoods appreciate their dependable help and simple, honest approach.
About Barto Stumps & Tree Service
Barto Stumps & Tree Service is a locally owned company based in Spring Hill, FL. The business provides complete tree maintenance service with licensed, experienced arborists. Every service includes tree removal, pruning, stump grinding, and emergency response. Each project is handled with care, safety, and respect for every property.
Media Contact
Organization: Barto Stumps & Tree Service
Contact Person: Rob Barto
Website: https://bartotreeservice.com/
Email: Send Email
Contact Number: +17273365271
Address:2066 Gold Rd
City: Spring Hill
State: FL 34609
Country:United States
Release id:37140
The post Locally Owned Barto Stumps & Tree Service Announces Fall Readiness Support for Homeowners appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section
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.
Mike’s Outdoor Maintenance & Tree Removal Expands Capabilities With Powerful 85-Foot Boom to Handle High-Risk Tree Work
Locally Owned Barto Stumps & Tree Service Announces Fall Readiness Support for Homeowners
Iconic Tree Care Expands Professional Tree Services to Colchester, VT
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