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.
New Media FF & Emmy Nominee David Leon Launch Music Curation for Media—Driving Growth & Engagement Across High-Impact Creative Segments
Los Angeles, CA — Crafting the Score of Tomorrow: Emmy Nominee David Leon & New Media Film Festival Launch Music Curation for Media. In a dynamic new collaboration, New Media Film Festival® and EMMY®-nominated music supervisor David Leon unveil Music Curation for Media—a category dedicated to the power of sound in storytelling. This initiative is designed to support creators in finding the perfect musical match for their projects, from short films to branded content.
New Media Film Festival® has long been a champion of innovation and empowerment, spotlighting creators working in classic media and being the forefront of technology in media. Now with music curation added to its roster, the festival continues its mission to elevate emerging formats and visionary voices.
“Brief. Curate. Review. Sync. Done.” Your soundtrack to storytelling starts here. newmediafestival.gumroad.com/l/mediacuration
Jamie Adler, Nagin Cox, Ava Della Pietra, Pam Hurst Della Pietra, 2 X Emmy Winner Doug Leighton, Travis Gemoets, Media Futurist Susan Johnston, Emmy Nominee & CEO David Leon, 10 X Telly Winner Randy Bellous & Int’l Jazz Artist Irina Maleeva. Credit Jomel Fragante.
Hear the perfect match
The Music Curation Workflow
Submit Brief – Share your project’s vision and musical needs.
Curate Music – EMMY Nominee David Leon identifies tracks that align creatively and financially.
Discover the true connection
Review & Budget Match – Collaborate to finalize selections and negotiate licensing.
Formalize Licensing – Sync license templates and expert support ensure smooth execution.
Why Music Curation for Media Matters
In today’s content-saturated world, music isn’t just background—it’s narrative. The right track can elevate emotion, define brand identity, and transform a scene from forgettable to unforgettable. Music curation for media ensures that every beat is intentional, every transition seamless, and every story amplified through sound. It’s a creative discipline that blends instinct, strategy, and deep musical knowledge—especially vital for filmmakers, advertisers, and digital storytellers navigating tight timelines and complex licensing landscapes. This isn’t playlist-making—it’s precision storytelling through sound. David’s deep experience in score production, rights and clearances, and the festival’s extensive music capabilities ensures that every beat serves the story.
“With experience in rights and clearances, score production, and festival navigation, David brings both creative and strategic firepower to our team. We’re proud to partner with David in this exciting new chapter.” Susan Johnston – Founder/Director New Media Film Festival®
David Leon: The Force Behind the Sound
In his music career, David has held senior leadership roles across top-tier organizations in aerospace, entertainment, and broadcast music—bringing a wealth of experience from globally recognized institutions., David Leon brings unmatched creative and strategic firepower to this initiative. His work has shaped iconic media moments, and now he’s helping creators do the same.Beyond the studio, David is a sought-after speaker and educator, with appearances at TEDx, San Diego Comic-Con, and major industry panels. His passion for empowering storytellers through music makes him the ideal partner for this visionary collaboration.
About New Media Film Festival®: Since the festivals 2009 inception, Honoring Stories worth Telling has been New Media Film Festival® s mandate. As the 1st Major Festival celebrating innovation, story, mediums & platforms, New Media Film Festival® has led the way in the pursuit of stories worth telling, the exploration of new media technologies, boundary pushing resulting in new distribution models and creating and establishing new methodologies in the global monetization of content. The New Media Film Festival® embodies the transformative power of the cinematic arts and it reaches across cultural bridges to wed story and technology for everyone.
The festival is designed to both discover and cultivate highly creative work from emerging and seasoned content creators. Judges at the New Media Film Festival® include representatives from HBO, BBC, PBS, Marvel, the Academy of Motion Picture Arts and Sciences, the Television Academy, and other pioneers in the entertainment industry. Filmmakers vie for a chance at priceless awards. including a one on one meeting with Marvel or HBO, Studio time, Post and more. Accepted Filmmakers will benefit from a Red Carpet Press Junket, VIP Soiree, networking, international art exhibit, Q&A’s, and much more. www.newmediafilmfestival.com
Media Contact
Organization: New Media Film Festival®
Contact Person: Crystal
Website: https://www.newmediafilmfestival.com
Email: Send Email
Contact Number: +13102881100
Address:2355 Westwood Blvd.
Address 2: 381
City: Los Angeles
State: CA
Country:United States
Release id:31703
The post Strategic Alliance Targets Growth in Audio-Driven Media 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
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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
Emerging Base Ecosystem Token MONK Gains Traction with Community-Led Airdrops and Staking
A new memecoin titled MONK, built on the Base network, is quickly gaining momentum through an ecosystem that merges meme culture with active utility. The token, themed around a blue monkey character, has generated attention through consistent airdrop programs, staking incentives, and a growing cross-project strategy involving its partner token, DORGO.
Unlike many ephemeral meme tokens, MONK is structured with an emphasis on user participation. It features:
- 3% buy/sell fees directed toward sustainability
- Liquidity staking rewards via a custom LP farm
- Airdrops to token holders and ecosystem participants
- A future roadmap involving NFT integrations and Base-native collaborations
The project has positioned itself as part of a broader narrative on Base, embracing memetic storytelling while introducing on-chain mechanics typically seen in more utility-based assets.
Recent activity includes:
- Weekly airdrop campaigns distributed to LP stakers and holders
- A meme contest designed to expand social visibility across platforms like X (Twitter) and Telegram
- A DAO structure planned under its partner project DORGO, with future governance tie-ins anticipated
With consistent on-chain volume, organic community engagement, and integrations into Base’s growing DeFi landscape, MONK is beginning to establish itself as more than a typical meme token instead acting as a social anchor in a developing network of interlinked projects.
For media inquiries or listing-related questions, the team can be reached via their official site: www.monkisbased.com or contact@monkisbased.com via email.
Marketing Partner: crmoonboy (crmoon)
Socials:
Telegram: https://t.me/monkisbased
X/Twitter: https://x.com/monkisbased
Media Contact
Organization: Monk
Contact Person: Alex
Website: https://monkisbased.com
Email: Send Email
City: Miami
State: Florida
Country:United States
Release id:31832
The post Emerging Base Ecosystem Token MONK Gains Traction with Community-Led Airdrops and Staking 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
BoostARA Transforming the Global Sports Industry Through Web3 and Computing Power Incentives
BoostARA: Transforming the Global Sports Industry Through Web3 and Computing Power Incentives
With the global sports industry valued at over USD 600 billion and rapidly shifting toward digital and decentralized models, the market is entering a historic window for disruption and value creation.
As global audiences accelerate their migration to Web3, the sports industry is undergoing an unprecedented digital transformation. BoostARA emerges as the world’s first protocol to integrate “Web3 Sports × Computing Power Incentives,” reshaping the perception of sports value and establishing a new, on-chain sports economy.
Zoom image will be displayed
Guided by its core philosophy — “Exercise as Rights, Data as Assets, Participation as Value” — BoostARA is building a Web3-powered network defined by multi-dimensional participation, decentralized governance, and continuous community-driven incentives.
A. Dual Growth Engines: Technology and Mechanism Innovation
Unlike traditional Move-to-Earn (M2E) models, BoostARA introduces an innovative combination of on-chain incentives and computing power economics. Through mechanisms such as Base Computing Power + Referral Incentives + Tiered Team Computing Power, the platform achieves viral user growth and optimized reward distribution.
Leveraging AI recognition, oracle verification, and smart contracts, sports activities — including running, cycling, and ball games — are verified in real time and converted into on-chain assets, creating a closed-loop value cycle where exercise becomes assets.
BoostARA also implements a dual-layer DAO governance model, giving users direct influence over ecosystem development — from operational decisions and event arrangements to NFT issuance and virtual club management — ensuring a decentralized, community-built sports economy.
B. Multi-Layered Incentives Driving Sustainable Growth
To drive adoption and long-term engagement, BoostARA has designed a comprehensive reward framework covering:
– Static computing power mining
– Dynamic referral incentives
– Node dividends
– Tiered team-based bonuses
The platform’s native token, ARA, underpins this incentive model. Its economic framework incorporates:
– Daily emission reduction
– Transaction slippage control
– Liquidity pool dividends
– Token burning mechanisms
This model ensures healthy token circulation and a long-term deflationary trend.
Token Economics (Total Supply: 300 billion ARA):
– Mining Output: 295 billion
– Market Incentives: 3 billion
– Market Control: 1 billion
– Initial Liquidity: 1 billion
C. An Integrated Web3 Sports Ecosystem
Built on four core pillars — On-chain Sports × NFTs × Community Governance × Token Incentives — BoostARA’s ecosystem includes:
– BoostMove — On-chain sports data recognition
– BoostCard — NFT sports star cards
– BoostDAO — Governance and voting infrastructure
– BoostVault — Computing power incentive pool
Together, these components form a complete value chain, from activity tracking and asset creation to governance participation and reward distribution.
Zoom image will be displayed
D. Strategic Partnerships
BoostARA collaborates with:
– Global sports organizations and clubs from Europe’s top five leagues
– BOOSTARA Investment Group
– Sports platforms such as 188 Sports and SABA Sports
– Web3 infrastructure and AI providers including BSC, TokenPocket, Feixiaohao, MetaMask, DeepSeek, Chainlink, and OpenAI API partners.
E. A New Paradigm for Sports Value
BoostARA is more than a technological innovation — it is a digital renaissance of sportsmanship. Through blockchain and decentralized governance, BoostARA ensures that the passion and dedication of every athlete and fan are recognized and rewarded.
As the global sports industry enters a new era of digitization, tokenization, and collaborative governance, BoostARA — powered by technology and community — aims to redefine sports value and co-create the future of the digital sports economy.
Media Contact
Organization: BoostARA Public Relations
Contact Person: Lukas Wike
Website: https://www.boostara.io
Email: Send Email
Country:United States
Release id:31800
The post BoostARA Transforming the Global Sports Industry Through Web3 and Computing Power Incentives 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.
Emerging Base Ecosystem Token MONK Gains Traction with Community-Led Airdrops and Staking
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