2024 Year in Review and Business Model

Financial Performance Highlights
- Increased Revenue: Achieved a 7.32% increase in gross revenue compared to 2023.
- Profit Margins: Gross profit margins increased from 40.4% in June 2023 to 45.4% in June 2024 through Benefit Monetization Ratio
- EBITDA Increase: 15.2% for the three months ending September 2024 compared to the previous year
- Cash and Cash Equivalents: rose by 6.31%, signaling improved financial health.

Shareholder Commitment:
- Dilution: No common share dilution from June 15, 2021, to Q3 2024
- Insider Sales: No insider selling common stock for three years
- Leak Out Vendor Shares: Third-party vendors with treasury-issued stock must sell their shares gradually, based on 15% of the average daily trading volume over the past 30 days.
Direct-to-Consumer Platform Launch:
- Introduced a Cannabis RX platform designed to:
- Provide direct sales to medical and recreational policyholders.
- Offer pre-negotiated discounts to enhance affordability.
- Build brand loyalty from cannabis consumers to cannabis brands
- Nationwide Network of licensed dispensaries across the U.S
- Combines cannabis and traditional healthcare benefits in a single plan
- Positioned as a disruptive solution in the medical and recreational cannabis industry

Market Expansion Efforts:
The platform targeted medical users, unregistered consumers from the illicit market, and recreational users.
- Created affordable wellness programs with customized insurance benefits.
- Partnering with dispensaries, cannabis brands, and insurance brokers nationwide to offer Novus MedPlan, which provides comprehensive coverage solutions for diverse needs.
- The untapped employer market captures market share by targeting companies adjusting HR policies on cannabis in the workplace.
- Advantages of cannabis that don't touch the plant

Unaffected by the Complications of Cannabis Compliance.
Novus is not affected by the SAFE Banking Act or rescheduling. As a non-plant-touching company, we face fewer legal and regulatory hurdles. Since federal cannabis laws do not directly affect us, we can operate across state and national borders without restrictions.

About Novus
Novus (NDEV) operates through its wholly-owned subsidiary, WCIG Insurance Services, Inc. The company provides health plans as a health insurance carrier in states with legal medical marijuana programs. Novus' business model is based on receiving insurance premiums and does not involve the cultivation, distribution, or sale of cannabis or cannabis-related products.the Benefit Monetization Ratio measures the annual total of monetized policies, offset by the operating cost ratio, a balance sheet line item derived from net asset value, and calculated as the price book value.

Integration Reimbursement of Cannabis Plans
- Employer-Centric Customization: The platform allows companies to tailor health benefits, including medical cannabis, to align with their HR policies and values.
- Positions Novus as a compliant, tax-advantaged solution for medical cannabis reimbursement with Health Savings Accounts and Health Reimbursement Account
- Allows cannabis policyholders to use pre-tax dollars for premiums, enhancing affordability and accessibility.
2024 Year in Review and Business Model

Financial Performance Highlights:
- Increased Revenue: Achieved a 7.32% increase in gross revenue compared to 2023.
- Profit Margins: Gross profit margins increased from 40.4% in June 2023 to 45.4% in June 2024 through Benefit Monetization Ratio
- EBITDA Increase: 15.2% for the three months ending September 2024 compared to the previous year
- Cash and Cash Equivalents: rose by 6.31%, signaling improved financial health.

Shareholder Commitment:
- Dilution: No common share dilution from June 15, 2021, to Q3 2024
- Insider Sales: No insider selling common stock for three years
- Leak Out Vendor Shares: Third-party vendors with treasury-issued stock must sell their shares gradually, based on 15% of the average daily trading volume over the past 30 days.
Direct-to-Consumer Platform Launch:
Introduced a Cannabis RX platform designed to:
- Provide direct sales to medical and recreational policyholders.
- Offer pre-negotiated discounts to enhance affordability.
- Build brand loyalty from cannabis consumers to cannabis brands
- Nationwide Network of licensed dispensaries across the U.S
- Combines cannabis and traditional healthcare benefits in a single plan
- Positioned as a disruptive solution in the medical and recreational cannabis industry

Market Expansion Efforts
The platform targeted medical users, unregistered consumers from the illicit market, and recreational users.
- Created affordable wellness programs with customized insurance benefits.
- Partnering with dispensaries, cannabis brands, and insurance brokers nationwide to offer Novus MedPlan, which provides comprehensive coverage solutions for diverse needs.
- The untapped employer market captures market share by targeting companies adjusting HR policies on cannabis in the workplace.
- Advantages of cannabis that don't touch the plant

Unaffected by the Complications of Cannabis Compliance.
Novus is not affected by the SAFE Banking Act or rescheduling. As a non-plant-touching company, we face fewer legal and regulatory hurdles. Since federal cannabis laws do not directly affect us, we can operate across state and national borders without restrictions.

About Novus
Novus (NDEV) operates through its wholly-owned subsidiary, WCIG Insurance Services, Inc. The company provides health plans as a health insurance carrier in states with legal medical marijuana programs. Novus' business model is based on receiving insurance premiums and does not involve the cultivation, distribution, or sale of cannabis or cannabis-related products.the Benefit Monetization Ratio measures the annual total of monetized policies, offset by the operating cost ratio, a balance sheet line item derived from net asset value, and calculated as the price book value.

Integration Reimbursement of Cannabis Plans
- Employer-Centric Customization: The platform allows companies to tailor health benefits, including medical cannabis, to align with their HR policies and values.
- Positions Novus as a compliant, tax-advantaged solution for medical cannabis reimbursement with Health Savings Accounts and Health Reimbursement Account
- Allows cannabis policyholders to use pre-tax dollars for premiums, enhancing affordability and accessibility.
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