Novus Rolls Out Medical Plan in Arizona & Vermont with Plans for Others
Ryan Allway
July 24th, 2014
News, Top Story
[stockchart symbol=NDEV]
Novus Acquisition & Development Corp. [stockquote symbol=NDEV], a provider of targeted services in the healthcare portion of the medical marijuana industry, recently announced that it has been cleared to offer its MedPlan health program in Arizona and Vermont. Management also filed to with regulatory bodies in Washington, California, Colorado, Nevada, and Oregon.
“We decided to initially launch our Novus MedPlan in Arizona, where over 30,000 registered patients exist, along with the announcement last week that veterans (50,000 in Arizona) now qualify for MMJ, which gives Novus MedPlan over 80,000 patients who are enrolled or eligible in the state’s MMJ program,” said Novus Acquisition & Development Corp. CEO Frank Labrozzi.
Novus Medical Group has created a medical benefits package that puts the company on a clear path towards providing health care related programs. Medical marijuana patients can pre-enroll at the company’s website with incentives to receive one month free once the benefit plan is activated in their respective state, which is anticipated to occur on October 15, 2014, according to the press release.
In June, the company appointed Andrea Lopez, MSM, AHFI as an Executive Board Member and the CEO of its Novus Medical Group Inc. subsidiary. With 15 years of experience in various areas of compliance and healthcare delivery, she has worked in creating and maintaining health care policies under the performance standards and scrutiny of Medicare and Fortune 500 companies.
“After reviewing Ms. Lopez’s credentials, especially her tenure at International SOS, Express Scripts and PCS, where she developed and led enterprise-wide efforts at the executive level, rolled out global health care programs with tight internal controls, and detailed policies and procedures to mitigate risk, we know her experience would prove invaluable to the team,” said Mr. Labrozzi.
Shares of Novus Acquisition & Development Corp. jumped more than 13% in early trading on Thursday, July 24, 2014 following the announcement.
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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.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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