Novus Acquisition & Development (OTC:NDEV) Stock Gains Momentum After Recent News

The cannabis space may have had a certain degree of volatility, but there are still a number of highly innovative players that one could track. One such company is Novus Acquisition & Development Corp. (OTC:NDEV), which is a leader in the supplemental health insurance carrier space. In fact, it pioneered the offering of cannabis embedded in health plans for the purpose of medical and recreational users.

The company announced yesterday that it had inked a landmark partnership deal with the firm Heya Wellness. In the news release yesterday, it was noted that the two companies had joined hands to change the face of medical cannabis access across the state of Missouri. That would potentially provide the companies with access to more than 4 million people.

In this regard, it ought to be noted that 75% of the 6 million population of Missouri is either 21 or older. However, perhaps more importantly, it was also noted that there was the possibility of partnerships reaching beyond the borders of Missouri. That would open up a population of 36 people in the neighboring states. The basis of the partnership was the unique reciprocity law in the state of Missouri.

As per the law, the benefits of its medical cannabis initiative stretched to its neighboring states as well. The provision in question made the state a highly prospective market for Novus Acquisition & Development Corp. since it would get access to a massive market beyond the borders of the state.

The Chief Executive Officer of the company, Frank Labrozzi, spoke about the development. He noted that everyone at the company was thrilled to have gone into a partnership with Heya Wellness that would help expand medical cannabis health plans in the state of Missouri. It may be a good time to keep an eye on the Novus stock.