NDEVNovus Acquisition & Development Corp.

About Novus Acquisition & Development Corp. (NDEV)

Novus Acquisition & Development Corp. (NDEV) is a Insurance - Diversified company headquartered in Miami, FL, United States whose shares trade over-the-counter on the Pink tier.

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 banking regulations by not selling cannabis directly to policyholders.

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.

NDEV key facts

Ticker symbol

NDEV

Market tier

Pink

Sector

Financial Services

Industry

Insurance - Diversified

Headquarters

Miami, FL, United States

Country of incorporation

US

Year of incorporation

1996

Employees

10

Estimated market cap

$5.07M (as of Apr 11, 2025)

Shares outstanding

126,803,624

Reporting standard

Alternative Reporting Standard

Audit status

Unaudited

Fiscal year end

12/31

Latest filing

Annual Report (Dec 31, 2024)

Novus Acquisition & Development Corp. leadership

• Gary F. Labrozzi — CEO
• Andrea Lopez — Director, Strat. Bus. Plng.

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