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Novus Reports Q1 Results And Key Success Factors Following DEA Rescheduling

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2 years ago

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–News Direct–

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

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

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

1) Financial Snapshot:

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

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

No Sales of Insider Shares: For close to 3 years

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

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

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

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

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

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

2) Introducing the Rx Dispensing Platform

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

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

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

3) Key Success Factors

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

Health Carrier Alliances Integration with Traditional Healthcare:

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

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

Opioid Settlement Framework:

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

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

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

About Novus

Further Research:

  1. Financial Filings:

    Click Here

  2. Quote:

    Click Here

  3. Website

    Click Here

  4. Investor's Page

    Click Here

  5. Video Of Investment Highlights: Click Here

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

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

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

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

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

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

Forward-Looking Statements

This release includes forward-looking statements, which are based on certain assumptions and reflect management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. Dilution, if any, would be for the purposes of management taking stock in lieu of cash salary. Novus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, this press release that is not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future.

Investor Contact Information

Investor Website

855-228-7355

Email: pr@getnovusnow.com

Contact Details

Novus Acquisition

Frank Labrozzi

+1 305-467-6699

frank@ndev.biz

Company Website

https://getnovusnow.com/

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

Novus Acquisition & Development Corp

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Press Release

New Pet-Friendly Sober Living Homes Open in Los Angeles, With Option to Bring a Pet to Sober Living

Published

17 minutes ago

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April 16, 2026

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Los Angeles, CA, United States, 16th Apr 2026 — Paws in Recovery has officially launched pawsinrecovery.com, introducing a first-of-its-kind network of pet-friendly sober living homes in Los Angeles for both men and women. With locations in Mid-City and on the west side of LA, Paws in Recovery is built on a straightforward idea: that the presence of a beloved pet during the earliest and most vulnerable days of sobriety can make a meaningful difference in whether someone stays the course. The homes are designed as comfortable, structured sober living environments that follow a traditional 12-step approach. They are not a substitute for treatment, and they make no claims to be. What they offer is something just as important — a safe, accountable, and genuinely supportive place to land after treatment ends, where residents do not have to choose between their sobriety and the animal companion who may have been with them through it all.

The Simple Case for Keeping Pets in the Picture

For many people entering recovery, leaving a pet behind is not just an inconvenience. It is a source of genuine grief and anxiety that can become an obstacle to seeking help in the first place. Studies and firsthand accounts have long pointed to the bond between humans and animals as a source of emotional grounding, reduced stress, and consistent routine — all things that matter enormously in early sobriety.

At Paws in Recovery, the founding team believes that physical touch, presence, and the quiet companionship of an animal can support a person’s ability to stay present, stay calm, and stay committed to the work of recovery. There is something steadying about caring for another living thing when your own world feels uncertain. That daily responsibility, that warmth, and that uncomplicated affection can act as an anchor in ways that are hard to replicate.

This is not an abstract belief. It is the reason the homes were built the way they were.

What Residents Can Expect

Paws in Recovery currently operates separate homes for men and women, with locations in Mid-City Los Angeles and on the west side of the city. Both homes are modern, well-kept, and designed to feel like an actual home rather than a facility. Residents will find comfortable communal spaces, private and semi-private rooms, and a warm environment that encourages genuine connection among housemates.

Meals are included, which removes one of the logistical stressors that can distract early recovery residents from focusing on their program. Ample street parking is available at both locations, making it easy for residents and their visitors to come and go without the daily frustration that often comes with living in Los Angeles.

The program is rooted in the 12-step model, with house expectations around meeting attendance, accountability, and mutual respect among residents. Staff are present and engaged, providing the kind of consistent oversight that helps residents stay on track without creating an overly institutional atmosphere.

For those searching for a well reviewed sober living program in LA that does not ask them to leave their pet at the door, Paws in Recovery is one of the very few options currently available in the city.

Pets: What to Know Before Applying

Paws in Recovery welcomes small and medium-sized pets in most cases. In the majority of situations, residents are able to bring one or two animals with them when they move in. The team reviews each situation individually, taking into account the specific breed, the size and layout of the available space at the time of move-in, and the comfort and safety of all residents in the home.

While the goal is always to find a way to say yes, there are occasional circumstances where a specific animal may not be the right fit for the current home environment. The admissions team works directly with each prospective resident to understand their situation and explore every available option before any final decision is made.

The focus is on small and medium-sized pets. Dogs and cats are the most common, and the homes are set up with that in mind. Pet owners are expected to be responsible for their animals at all times, including feeding, exercise, and general care, which itself reinforces the kind of structure and daily routine that supports long-term sobriety.

Filling a Real Gap in the Los Angeles Recovery Housing Market

Los Angeles has no shortage of sober living options, but finding a pet-friendly sober living home in Los Angeles that also provides structure, meals, and a genuine sense of community has historically been a difficult task. Many homes that advertise themselves as pet-friendly have significant restrictions that make the option effectively unavailable to most applicants. Others lack the basics — consistent programming, a clean environment, accountability — that make sober living work.

Paws in Recovery was built specifically to close that gap. The founders came to this work through personal experience with recovery and a shared understanding of how isolating the early months can feel, particularly when someone has to leave behind the one relationship in their life that has never asked anything complicated of them.

For anyone researching affordable sober living options in West Los Angeles or looking for a structured sober living house in Mid-City LA, Paws in Recovery is accepting applications now for both the men’s and women’s homes.

How to Apply or Learn More

Prospective residents and their families can learn more about availability, house rules, and the pet policy by visiting www.pawsinrecovery.com. The admissions process is straightforward, and the team is available to answer questions about what to expect, what to bring, and how to get started.

Paws in Recovery is committed to being one of the most accessible and genuinely supportive sober living options available anywhere in Los Angeles. For anyone who has been putting off taking the next step because they could not figure out what to do with their dog or their cat, the answer is now a little simpler.

You can bring them with you.

Media Contact

Organization: Paws in Recovery

Contact Person: Alex Stanworth

Website: https://pawsinrecovery.com

Email: Send Email

Contact Number: +13102690878

City: Los Angeles

State: CA

Country:United States

Release id:44078

The post New Pet-Friendly Sober Living Homes Open in Los Angeles, With Option to Bring a Pet to Sober Living 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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Press Release

HHO Carbon Clean Franchisee Files Complaints with Regulatory Agencies over Fraudulent Franchise Sales Practices by Paducah, KY based HHO Carbon Clean Systems, LLC and HHO Franchise, LLC

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1 hour ago

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April 16, 2026

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Complaints were filed with the Federal Trade Commission, Kentucky Office of the Attorney General and North Dakota Securities Department over the sales practices used in the sale of a Kentucky franchise territory and a North Dakota franchise territory.  HHO Carbon Clean Systems is managed by Dean Owen, CPA of Paducah, KY and Jared English of Metropolis, IL.

Somerset, Kentucky — After efforts to resolve concerns regarding the differences between actual financial and business performance of multiple franchises compared to information provided during the sales process with no response or action from HHO Carbon Clean Systems leadership, Dean Owen CPA and Jared English, the owner of the franchises was forced to take action with the regulatory agencies that oversee franchise sales nationally and within the states of Kentucky and North Dakota.

During the sales process, HHO Carbon Clean Systems provided Mr. Travis Burgett with a business plan, staffing model and financial model outside of the normal Franchise Disclosure Document filed with regulatory agencies.  During his time as the operator of the two franchises, Mr. Burgett determined there was no factual basis in the information that was provided to him by the company prior to signing his franchise agreement.  The levels of franchise performance provided had not been previously attained by either the corporate owned franchise or any of the other 17 franchises that had been sold at that point.

Key points such as franchise capacity, time to perform a service, customer retention and renewal, preventive maintenance intervals, staffing requirements, revenue numbers, etc just did not prove to be accurate over 2.5 years of operations.

Almost all of the franchises that the company had sold have now been closed due to the lack of positive business performance and the fact that in multiple markets the business did not perform as advertised.

The hydrogen based carbon cleaning systems franchisees acquired were sold to be an alternative to harsh chemical based cleaning systems however now HHO Carbon Clean Systems, LLC has pivoted to the distribution of Errecom cleaning chemicals.

From the HHO Carbon Clean Systems web site (www.hhoccs.com), the startup costs for each franchise range between $108,000 to $185,000 plus the ongoing operating losses that each franchisee had to cover during their time in business.

“It is unfortunate that myself and dozens of other franchisees did not experience the business performance that was presented to us by Dean and Jared.  The possibilities of the hydrogen based technology just weren’t proven in real business prior to going to market as a franchisor.” – Travis Burgett, owner HHO of Southern KY and HHO of North Dakota

HHO Carbon Clean Systems, LLC is located at 3060 John L Puryear Drive in Paducah, KY and sells hydrogen based carbon cleaning systems for combustion engines including passenger cars and trucks, diesel trucks and commercial vehicles. www.hhoccs.com

HHO of Southern KY operates a franchise territory in south central Kentucky and has been in operation since August of 2023.

HHO of North Dakota operated as a franchise covering the entire state of North Dakota from February of 2024 until March of 2025.

Media Contact Information

  • Contact Name: Travis Burgett
  • Title: Owner, HHO of Southern KY and HHO of North Dakota
  • Email: travisb@hhoccs.com
  • Phone: 859-533-2205
  • Website: www.hhoccs.com

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CGTN: Why China-Vietnam ‘comrades plus brothers’ bond endures

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2 hours ago

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April 16, 2026

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CGTN examines the resilience of China-Vietnam “comrades-plus-brothers” ties, highlighting how high-level exchanges sustain strategic trust. It also outlines growing cooperation in trade, infrastructure and youth exchanges, as both sides advance the building of a higher-level China-Vietnam community with a shared future that carries strategic significance amid global uncertainties.

“We bathe in the same river. I look over there, you look over here. Every day, we hear the rooster crow together.”

The lyrics of the 1966 Vietnamese song Vietnam-China echoed through the Great Hall of the People on Wednesday, as Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee, welcomed Vietnamese top leader To Lam in Beijing.

Evoking images of shared rivers, adjacent fields and intertwined lives, the song captures more than geographical proximity – it reflects the two neighbors’ long-standing bond as “comrades plus brothers.”

Today, as China and Vietnam navigate a fast-changing global landscape, the “comrades plus brothers” bond continues to evolve. Anchored in strategic trust, sustained by close exchanges and driven by expanding cooperation, bilateral ties are showing renewed vitality in a new era.

Frequent exchanges, deeper understanding

Close high-level engagement remains a defining feature of China-Vietnam relations. Xi has emphasized that leaders of the two countries and the two parties should “visit each other as often as relatives do,” calling for maintaining frequent exchanges and communication.

Just days after being elected Vietnam’s state president on April 7, To Lam announced his China visit – his first overseas trip in his dual capacity as general secretary of the Communist Party of Vietnam (CPV) Central Committee and Vietnamese president. His delegation, comprising senior officials across key sectors, underscored Hanoi’s strong commitment to bilateral ties.

“Your visit to China at the earliest opportunity after being elected president of Vietnam demonstrates the great importance you have attached to the development of China-Vietnam relations,” Xi said at the very outset of their talks on Wednesday, adding that China has always regarded Vietnam as a priority in its neighborhood diplomacy.

Beyond head-of-state diplomacy, people-to-people exchanges are gaining fresh momentum. On Wednesday, the two leaders jointly met with over 300 youth representatives participating in the “Red Study Tours,” a program that allows young people to explore the shared revolutionary heritage that underpins the bilateral friendship.

Xi stressed that the future of China-Vietnam friendship lies with the youth, expressing confidence that younger generations will carry forward the legacy of bilateral friendship.

Since the program’s launch in May, 2025, more than 1,000 young Vietnamese and Chinese participants have retraced the revolutionary footsteps of earlier generations, gaining firsthand insight into shared ideals and China’s modernization drive.

Improved connectivity is also facilitating exchanges. Rail links, such as the Fangchenggang-Dongxing railway and the Nanning-Pingxiang high-speed line, have extended China’s rail network to the Vietnam border, creating faster and more accessible channels for travel and interaction.

Strategic vision guiding practical cooperation

A key takeaway from the latest meeting is the evolving strategic framing of bilateral ties. Xi called for “accelerating the building of a higher-level China-Vietnam community with a shared future that carries strategic significance,” an upgrade from the formulation agreed during his visits to Vietnam in 2023 and 2025.

Xi has repeatedly highlighted the importance of grasping the “special strategic significance” of China-Vietnam relations. During the latest talks, he urged both sides to maintain a high degree of strategic vigilance and strong strategic resolve, always remain confident in their path and system, and ensure that all reform will not change the direction of the path or the nature of the system.

Such strategic consistency has translated into tangible cooperation. The newly established “3+3” ministerial strategic dialogue mechanism, covering diplomacy, defense and public security, enhances bilateral coordination and helps manage differences effectively.

Economic ties continue to expand at pace. China remains Vietnam’s largest trading partner, while Vietnam is China’s largest partner within ASEAN. Bilateral trade reached $256.4 billion in 2025, marking a 24.8% increase. In the first two months of 2026 alone, trade surged by over 30% year-on-year.

Meanwhile, infrastructure connectivity is deepening. Regular China-Vietnam freight trains have increased from five trips per week to 14, forming a vital cross-border logistics corridor. Railway cooperation projects, including the Lao Cai-Hanoi-Hai Phong standard-gauge railway, are advancing steadily, further integrating regional supply chains.

The two leaders on Wednesday also witnessed the signing of a series of cooperation documents, covering a wide range of areas including inter-party exchanges, public security, justice, economic cooperation, industrial and supply chains, customs, science and technology, people’s livelihoods, human resources development, media, and sub-national cooperation, highlighting the breadth and depth of bilateral engagement.

https://news.cgtn.com/news/2026-04-16/Why-China-Vietnam-comrades-plus-brothers-bond-endures-1MnTbhnlNiU/p.html

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