Business
Novus Continues Its Growth, As Cannabis Sector Outperforms the S&P 500 Despite Light Trading Volume
Novus Continues Its Growth, As Cannabis Sector Outperforms the S&P 500 Despite Light Trading Volume.
About this update from Novus Acquisition & Development Corp.
[{"type":"text","content":"Novus Acquisition and Development, Corp. (OTC Markets: (NDEV), through its wholly-owned subsidiary WCIG Insurance Services, Inc. Operates as a national supplemental health insurance carrier and, the nation’s first health carrier offering cannabis that is included in health plans for recreational and medicinal users. Addresses about Cannabis Index’s light trading volumes.As healthcare costs rise faster than inflation, Novus’ business model continues to increase its revenue metrics, even during the lower-than-expected trading volume that the entire Cannabis Sector is experiencing.According to this video by Cannabis Investing Newsletter Forum, rapid growth rates for cannabis stocks have doubled and outpaced that of the broader stock market. Therefore, a long-term approach should be considered, when federal legalization occurs, bringing in more investors to support cannabis stocks with a conceivable pricing upswing.For Novus, by way of comparison, the S&P 500 over the past 2.5 years, quarter-over-quarter of 3Q 2022 was 13.3 %, and Novus' Gross Revenue increased by 12.27% during the same period.Since our inception in late 2015, we are continually strengthening our infrastructure, with:300+ Cannabis Verticals in our Provider Network,1,200 Selling Affiliate Insurance Agents,12 participating major and regional health carriers, with executed agreements that embed our plans with their offeringsFurther research will demonstrate the following:Novus Financial Highlights:Novus’ 3Q of 2022, the points below show the financial condition of the Company’s business model. No Dilution: No common stock was issued in the last six consecutive quarters. All third-party vendors who received stock issued from the treasury are subject to a mandatory leak out of securities which are 15% of the average daily trading volume, computed over the last 30 trading days.Three-Month Gross Revenue Increase: Gross Revenue increased $9,506 or 12.27% to $77,461 for the three months ended September 30, 2022, as compared to $67,955 for the three months ended September 30, 2021.Three Month Net Revenue Increase: Net Revenue, increased from $43,067 to $47,044 an increase of 8.45% or $3,977 on September 30, 2022, as compared to the three months ended September 30, 2021. Profit Margin: On September 30, 2022, the company demonstrated a 39.26% profit margin pricing...