Novus Acquisition and Development Corp (OTCMKTS:NDEV) Stock In Focus After Deal to Integrate Online Pharmacy

On Wednesday, Novus Acquisition and Development Corp (OTCMKTS:NDEV) came into focus among investors after an announcement was made through its fully owned subsidiary unit WCIG Insurance Services Inc. It was announced yesterday by WCIG that it had added benefit packages by way of an integration of an online pharmacy.

Trading Data

On Wednesday, NDEV stock moved up 0.73% to $0.0413 with more than 1.45K shares, compared to its average volume of 22.80K shares. The stock moved within a range of $0.0410 – 0.0430 after opening trading at $0.0410.

Novus Inks Deal to Integrate Online Pharmacy

The online pharmacy in question is managed by the company Plitio and will provide the policy holders with the option of ordering their prescriptions online. It was a significant new announcement and one that could well prove to be a long term boost for Novus Acquisition and Development Corp. It now remains to be seen if the development has any major effect on the company’s stock or not over the course of the coming days.

Over the course of the past six years, the company has been involved in the development of a provider network made up of cannabis verticals. The aim of the integration has been to include cannabis in the healthcare space in a meaningful way. It was also noted that the management at the company had made plans to provide policy makers more of an option with regards to cannabis related treatments.

Key Quote

Kayhan Moayeri, Plitio CEO, states: We see that our technology and prescription drug plans offered by Novus, will simultaneously expand each of our companys marketplace presence to meet the needs of today’s providers and patients.