Novus Acquisition & Development Corp. (OTC: NDEV), provider of a cost-saving medical plan for patients within the wellness industry, recently announced that Charlotte’s Web strain of cannabis would be available at a 30% discount to the retail price through its interactive web portal to patients enrolled in the Novus MedPlan.
“Novus MedPlan’s convenient online ordering platform provides easy access to medications and therapies, while providing a substantial discount to help make them more affordable,” said Novus Acquisition & Development Corp. CEO Frank Labrozzi. “We aim to fill the gap and bring much-needed medications and therapies to the masses in states where legal programs exist.”
Charlotte’s Web is a form of medical cannabis processed into a marijuana extract that is high in cannabidiol (“CBD”) content and lower in psychoactive tetrahydrocannabinol (“THC”) content. The strain was named after Charlotte Figi, who was diagnosed with Dravet Syndrome when she was two years old. After using the drug, she experienced a significant reduction in seizure episodes.
The strain of medical cannabis has been in the national news, since it appears to provide many benefits without the psychoactive high that’s typically associated with the negative parts of cannabis use. In fact, the Charlotte’s Web Medical Hemp Act of 2014 was introduced last year to exclude therapeutic hemp and CBD from the definition of marijuana and the Controlled Substances Act.
Shares of Novus Acquisition & Development Corp. jumped nearly 6% in early trading on Monday, April 13, 2015 following the news release.
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