Novus Acquires WCIG
Novus said that it will now be able to collaborate with other insurance carriers and reinsurers to expand into other insurance products, opening new sales channels, diversify its business model, and complement its health insurance strategy.
"What this means is that Novus is now a regulated insurance entity; shareholders, consumers and vendors can feel confident that Novus has accountability in the MMJ sector and other industries," says Novus Chairman
Through this acquisition, Novus noted that it is now officially recognized by the state of
Additionally, Novus is now able to:
-Continue offering discounts on THC-based MMJ and Integrative healthcare services
-Offer high-CBD and low-THC products nationwide with the Charlotte's Web contract
-Accelerate the supplemental insurance business model
-Compete in the property/casualty and errors and omissions sector for MMJ industry where rates have increased significantly, and;
-Buy existing books of business that complement Novus earnings and net asset value
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