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NDEV
Novus Acquisition & Development Corp.

Common Stock

0.04

-0.0025

-5.88%

0.04 / 0.05 (1 x 1)

Real-Time Best Bid & Ask: 05:00pm 05/06/2025
Delayed (15 Min) Trade Data: 10:11am 05/06/2025

Novus Acquisition & Development Corp.

2665 South Bayshore Drive

#220

Miami, FL 33133

Business Description
Novus Acquisition and Development Corp is a national health insurance carrier that provides extensive coverage for cannabis in its proprietary health plans. Their network includes over 1,200 agents, brokers, and dispensaries. These plans are tailored to offer policyholders affordable and safe access to the latest cannabis products and treatments, whether for medical or recreational purposes. Novus offers THC plans in legal states, and CBD plans available nationwide, which also include dental, vision, hearing, telemedicine, and a technology stack providing cannabis products through its direct-to-consumer platform. The company generates revenue from insurance premiums and complies with federal ...
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Financial Reporting
Reporting Status
Alternative Reporting Standard
Audited Financials
Unaudited
Fiscal Year End
12/31
Company Officers & Contacts
Gary F. Labrozzi
CEO

Mr. Labrozzi is a Wall Street veteran with over 25 years of experience. He is a results-oriented analytical executive with a diverse background in finance, health, and insurance. His work ethic is now focused on Novus insurance companies, where he is responsible for developing new lines of business, strategic planning, acquiring books of business, and building value for shareholders.

Andrea Lopez
Director, Strat. Bus. Plng.

Ms. Lopez tenure is fifteen years of operational experience globally many facets of compliance and roll out of the healthcare delivery process. Specifically creating and maintaining health care policies under the performance standards and scrutiny Medicare, and Fortune 500 Companies. She is an active member of the Global Healthcare Anti-Fraud Network, the National Health Care Anti-Fraud Association, the European Healthcare Fraud & Corruption Network, and the Health Care Compliance Association Board of Directors and CEO of Novus Medical Group, Inc. d/b/a Novus MedPlanwill develop a medical plan that will allow to put Novus on the path of a Health Care Insurance program called MedPlan Program. The MedPlan Program will encompass those states that are MMJ legal, the focus, to deliver to patients, who seek alternative methods of medication with MMJ through a health insurance format. Ms Lopez?s credentials especially her tenure at International SOS, Express Scripts and PCS (now owned by Caremark), she developed and led enterprise-wide efforts at the executive level, rolling out globally Health Care programs with tight internal controls, detailed policies and procedures to mitigate the risk to domestic and foreign laws and regulations which is needed for a Health Care Insurance Model? Andrea received both a Master of Science in Security Management (MSM) and a Bachelor of Science degree in Criminal Justice Administration from the prestigious Bellevue University.

Board of Directors
Gary F. Labrozzi
Chairman, Compensation Committee Member, Nominating Committee Member

Mr. Labrozzi is a Wall Street veteran with over 25 years of experience. He is a results-oriented analytical executive with a diverse background in finance, health, and insurance. His work ethic is now focused on Novus insurance companies, where he is responsible for developing new lines of business, strategic planning, acquiring books of business, and building value for shareholders.

Other Company Insiders
Gary Labrozzi
Other Company Insiders are all persons or entities beneficially owning 10% or more of any class of the issuer's securities. Together, officers, directors and other company insiders comprise Company Insiders.
Service Providers
Securities Counsel
The Crone Law Group

420 Lexington Avenue

Suite 2446

New York, NY 10170

Profile Data
SIC - Industry Classification
Not Available
Incorporation Information
NV, US, 1996
Employees
10 as of 07/01/2023
Shell
No
Products and Services

Novus operates through its wholly-owned subsidiary, WCIG Insurance Services, Inc. (WCIG), which is a California-based insurance firm that specializes in providing health insurance packages for the cannabis industry. The company operates on a receivable-based business model that generates revenue through its premiums in three main areas. 1. There are nationwide health policies available for CBD concentrate cannabis products. 2. Traditional benefit plans, including dental, vision, hearing, telemedicine, and a direct-to-consumer cannabis distribution platform, are available across the country. 3. Health plans for THC products are available in the following states: Oregon, Hawaii, Michigan, Arizona, Colorado, California, New York, Massachusetts, Florida, Vermont, Ohio, Illinois, Maryland, Missouri, Washington, D.C., Pennsylvania, Maine, Oklahoma, New Mexico, and Nevada.

Company Facilities

Offices are leased and located at 2665 South Bayshore Drive #220, Miami, FL 33133, USA

Company Notes
Formerly=BrandQuest Development Group, Inc. until 7-2009
Formerly=Surface Tech, Inc. until 10-06
Formerly=Shirazi Corporation until 1-03
Pink Open Market Logo
Pink Current Information
The Company Profile data was verified by the issuer within the previous 6 months.
The company’s transfer agent has verified its outstanding shares directly to OTC Markets.
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