The cannabis sector continues to be of considerable interest among investors, and one of the companies that could be worth tracking at this point is Novus Acquisition & Development Corp. (OTC: NDEV), which does business as Novus Cannabis Corp. The company came into sharp focus on Tuesday after it made an announcement with regards to the launch of a new platform.
The New Platform
On February 4, Novus Acquisition & Development Corp announced that it had launched a platform for D2C (direct to consumer) and policyholders in the cannabis business at no extra cost. The company, which pioneered insurance coverage for cannabis for recreational and medicinal uses, could prove to be a major opportunity in the ancillary cannabis space even though federal legislation is an issue. However, the innovative nature of the business may prove to be an intriguing prospect for many investors looking for such disruptive companies.
Further Details
In the news release, Novus Acquisition & Development Corp. noted that the new platform would make access to cannabis easier for users who need it for recreational and medical purposes. The platform would be made available through a website interface and also a mobile app. It may be a good time to keep an eye on the stock.
