Novus Engages Vicente Sederberg to Assist with MedPlan Rollout
September 25th, 2014
News, Top Story
Novus Acquisition & Development Corp. [stockquote symbol=NDEV], a provider of health care insurance related business through its Novus Medical Group Inc. subsidiary, recently announced the engagement of the law firm Vicente Sederberg as its corporate legal advisor to ensure regulatory compliance for its healthcare insurance operations in the medical marijuana industry.
“We are pleased to have as a new client Novus Acquisition and Development Corp., as they strive to become industry leaders in connecting medical marijuana patients with safe, high-quality medicine,” said Vicente Sederberg Partner and Founding Member Brian Vicente, Esq., in the recent press release.
The law firm played an integral role in writing Colorado’s Amendment 64 that established a legal marijuana market, while also serving on the Governor’s task force to implement the law. In addition, partners in the firm drafted rules governing testing, cultivation, product manufacturing, concentrate production, retail distribution, production management, and other areas of the industry.
Novus’ MedPlan provides in-network patients with discounts on wellness products and services including medical marijuana medications, doctor consultations, and alternative medicine products. Leveraging Vicente Sederberg’s experience helping startups scale within the industry, Novus will continue rolling out its innovative platform into new markets over the coming months.
Recently, the company announced a number of new supplier relationships, including an exclusive agreement with TKO Organics to provide medical marijuana and fulfillment services to its patients. TKO will act as a third-party administrator, handling quality control, order processing, and delivery coordination to patients in Washington, Arizona, Oregon, California, Colorado, Nevada, and Michigan.
“Finding suppliers is a big challenge in this industry,” said Novus Acquisition & Development Corp. CEO Frank Labrozzi in the press release announcing that agreement. “Quality control and standardization is the key, while this agreement provides the company with an adequate supply of medical marijuana for its growing number of MedPlan patients.”
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