SOURCE: Novus Acquisition & Development Corp

July 15, 2015 08:30 ET

Novus Deepens Discount for Novus Patients on Charlotte's Web™

MIAMI, FL--(Marketwired - Jul 15, 2015) - Novus Acquisition & Development Corp. (OTC PINK: NDEV), through its wholly-owned subsidiary, Novus Medical Group (Novus), provides a healthcare program called "Novus MedPlan," which offers a cost-savings medical plan for patients within the wellness industry, including the Medical Marijuana (MMJ) arena. 

Novus announced in an earlier press release details of an agreement with Charlotte's Web™ "Consumer Formula" at a 30% discount for Novus patients. Today, Novus MedPlan, through a mutually cooperative agreement with Realm of Caring, is now providing Charlotte's Web™ "Advanced Solutions Formula" at an unprecedented 64% discount to Novus patients.

Charlotte's Web™ "Advanced Solutions Formula" is developed using proprietary hemp genetics and processed into a hemp extract that is high in Cannabidiol (CBD) content. Due to its extremely low amount of tetrahydrocannabinol (THC), it does not induce the psychoactive "high" associated with elevated levels of THC found in some strains of marijuana, even when it is ingested in large quantities.

Both the "Consumer Formula" and "Advanced Solutions Formula" contain concentrations of CBD, but the "Advanced Solutions Formula" has the higher concentration. Charlotte's Web™ products are developed using superior hemp genetics that are naturally rich in CBD. This offers significant advantages over many commonly available CBD products, most of which are derived from imported hemp pastes that contain very low levels of CBD. Additionally, the industry-leading quality systems used to manufacture Charlotte's Web™ ensure the highest levels of consistency and product quality. All Charlotte's Web™ products meet or exceed the American Herbal Products Association testing guidelines for microbial content, residual solvents, heavy metals, and pesticides.

CBD is considered to have a wide scope of applications, with a list of medical benefits that is ever expanding. The Dateline NBC story, which aired on June 7, 2015, the program showcases stories of patients who are suffering from many illnesses and are seeking alternative treatments to control and relieve symptoms of their diseases.

The terms of the agreement with Realm of Caring offers a 64% discount off the retail price of Charlotte's Web™ "Advance Solutions Formula," which is a 5,000 mg bottle retailing nationally at $695.00 each. Novus MedPlan patients will receive an unmatched $445.00 savings per bottle, reducing the cost to just $250 per bottle, resulting in member savings of about $5,340 a year. Novus will join forces with Realm of Caring and immediately begin marketing to 2.8 million adults and children suffering from epilepsy that choose to use Charlotte's Web™, in every state with the exception of New York and Florida. Today, Americans who are afflicted with epilepsy, especially children who have run out of pharmaceutical options, no longer have to relocate to Colorado for this product and can have it delivered to their front door.

Frank Labrozzi NDEV Chairman states, "Everyday, scientific studies are revealing chemicals in marijuana, called cannabinoids that are effective treatment options for numerous diseases. Because Medical Marijuana contains chemical compounds that may help treat a wide range of illnesses and symptoms, many states have legalized marijuana for medicinal use.

"Two FDA approved cannabis-related medications are currently in production, and more scientific studies have revealed medicinal compounds in cannabis called cannabinoids, to be an effective treatment to ease suffering in numerous diseases safely. In March of 2015, the federal government approved over $68 million for continued research at the University of Mississippi, a strong indicator that this may lead to an even greater diversity of medications in the future. The single most compelling indicator that our market will increase is that more states have legalized marijuana for medicinal use. Even as laws change, Novus' business model will be compliant within any regulatory environment, allowing us to successfully continue to build our Provider and Patient Networks."

Patients that want to take advantage of this arrangement with Charlotte's Web™ should visit to experience the ground breaking way Novus will help patients get relief from the high cost of products and therapies for only $19.95* per month.

About Novus

Novus Acquisition & Development Corp. (NDEV) provides health insurance and related insurance solutions to within the wellness and medical marijuana industries in states where legal programs exist. NDEV also plans to offer physicians' education programs, pharmaceutical R&D, compliance, and business development services within the industry.

NDEV will work as outside developers and will not cultivate, handle, transport grow, extract, dispense put up for sale, put on the market, vend, deliver, supply, circulate, trade, cannabis or any substances that violates the United States law or the Controlled Substances Act, nor does it intend to do so in the future and will continue to follow state and federal laws. The products and statements made about specific products have not been evaluated by the United States Food and Drug Administration (FDA) and are not intended to diagnose, treat, cure or prevent disease. All information provided on these press releases or any information contained on or in any product label or packaging is for informational purposes only and is not intended as a substitute for advice from your physician or other health care professional. Once a push notification is competed the transaction is solely between the state licensed dispensary and the registered patient.

The state laws are in conflict with the federal Controlled Substances Act. The current administration has effectively stated that it is not an efficient use of resources to direct federal law enforcement agencies to prosecute those lawfully abiding by state designated laws allowing the use and distribution of medical marijuana. However, there is no guarantee that the current administration, nor any future administration, will not change this policy and decide to enforce the federal laws strongly. Any such change in the federal government's enforcement of current federal laws could cause significant financial changes to the Company. While we do not intend to harvest, distribute or sell cannabis or cannabis related products, we may be harmed by a change in enforcement by federal or state governments.

About Charlottes Web

*Restrictions: Charlotte's Web™ cannot be shipped to NY or FL. Orders made with a shipping address in those states will be emailed and given the option to exchange their order or have their order refunded. Charlotte's Web™ Hemp Extract in Medium Chain Triglycerides (MCT) infuses genuine Charlotte's Web™ Hemp Extract into MCT oil -- fractionated coconut oil -- with a pleasing organic chocolate mint flavoring. As a whole plant extract, Charlotte's Web™Hemp Extract in MCT contains not only 200 mg, 500 mg, 1,500 mg and 5,000 mg of CBD per bottle, but also incorporates other naturally-occurring elements, terpenes, and phytochemicals found in our proprietary hemp strains. All Charlotte's Web™ products are made from our world-renowned hemp genetics, grown internationally as well as in Colorado.

About Realm Of Caring

The Realm of Caring Foundation (RoC) is a non-profit organization that provides support services and resources for those using cannabinoid products.

The Realm of Caring has been formed to provide a better quality of life for those affected by disorders and diseases, including but not limited to, Cancer, MS, HIV/AIDS, Epilepsy, Parkinson's, through the use of concentrated cannabinoid extracts. Each client's progress is monitored through an Institutional Review Board (IRB) approved observational research study. Through the observational research studies, the Realm of Caring is able to educate the general public as to the positive effects of cannabinoid supplements.

The Realm of Caring Foundation was informally established by the Stanley Brothers as well as Paige Figi and Heather Jackson, the first two success stories using Charlotte's Web™ in early 2012. After receiving several inquiries from families seeking help around the world, the group recognized the need to create a formal organization to not only collect research and data on individuals using cannabis products; but also to educate and advocate about this often misunderstood form of therapy.

The Stanley's have since transitioned away from the Realm of Caring to focus their efforts on production and new product development. Paige has fulfilled a needed legislative role serving as Executive Director of Coalition for Access Now, a 501c4 organization committed to educating the public and lawmakers on the health benefits associated with natural therapies derived from cannabis for chronic health conditions. Heather is serving as the Executive Director of the Realm of Caring the 501c3 entity. The backbone of the RoC has always been the family volunteers who have given so judiciously of their time and talent. With families at the helm, it has been recognized that the vision and mission of the company will be realized, and the interest of the client will always be held first.

The Realm of Caring Foundation was formally established on 8/13/13, and has received its 501c3 designation as a recognized non-profit entity. We continue with the same mission and vision that we always have. Our advocacy work has been featured in media outlets across the country including the New York Times, Wall Street Journal, Time, NBC and two CNN specials hosted by Dr. Sanjay Gupta.

These statements have not been evaluated by the Food and Drug Administration (FDA). These products and statements are not intended to diagnose, treat, cure, or prevent any disease.

Safe Harbor

This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Note that Charlotte's Web While high profile and anecdotal reports have sparked interest in treatment with cannabinoids,[4] there is insufficient medical evidence to draw conclusions about their safety or efficacy.

*Price may vary by state due to state requirements. CA and NY residents: membership price is $24.95.

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