Novus Builds Up Infrastructure for MedPlan with New Agreement


Ryan Allway

September 10th, 2014

News, Top News


[stockchart symbol=NDEV]

Novus Acquisition & Development Corp. [stockquote symbol=NDEV], a provider of health insurance and insurance-related services under the MedPlan brand through its Novus Medical Group Inc. subsidiary, recently announced an agreement with TKO Reserve LLC to act as a third-party administrator of MedPlan, handling quality control, order processing, and delivery coordination to enrolled patients.

“Finding suppliers is a big challenge in this industry,” said Novus Acquisition & Development Corp. CEO Frank Labrozzi. “The TKO Organics’ products stand out from a market that is flooded by entrepreneurs growing mediocre strains using subpar techniques. Quality control and standardization is the key, while this agreement provides the company with an adequate supply of medical marijuana.”

TKO Reserve is a fully operational indoor organic medical cannabis growing and production facility in compliance with the Washington State Medical Use of Marijuana Act. By leveraging its cutting-edge indoor growing technology and proprietary extraction techniques, the company will provide Novus with high-quality cultivation of MMJ and fulfillment services to deliver it to patients.

The move comes shortly after the company announced an exclusive provider agreement with Nana’s Secret LLC located in the State of Washington in late-August. Under the terms of that agreement, MedPlan patients will receive an exclusive 30% discount on Nana Secret’s full line-up of products. Management plans on integrating these types of deals with its TKO Reserve supply chain management solution.

Novus offers provides health insurance and insurance-related solutions to the medical marijuana industry in states where legal programs exist with up to 50% savings on network products. The company also plans to offer physicians’ education programs, pharmaceutical R&D, compliance, and business development services within the industry over the long-term.

Shares of Novus Acquisition & Development Corp. jumped more than 9% in early trading on Wednesday, September 10, 2014 following the news release.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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