Up Or Down? Alpine 4 Holdings Inc (OTCMKTS:ALPP) Adds New Production Work

Alpine 4 Holdings Inc (OTCMKTS:ALPP) stock opens slightly higher after gaining momentum recently.

Market Action

As of 9:59, ALPP stock moved up 1.57% to $3.25 with more than 94K shares, compared to its average volume of 1.31 million shares. The stock has moved within a range of $3.1600 – 3.2600 after opening the trade at $3.19.

Alpine 4’s (ALPP) Subsidiary, Alternative Labs, Adds $2M in New Production Work for June and July Totaling $5.8M in Backlog

  • ALPP has secured several new production orders adding $2 million in new work to be completed in June and July 2021 giving them just under $5.8 million in backlogged production work.
  • Alt Labs is currently working on around 40 new formulas for new and existing customers. The company is in the process of expanding the R&D staff in order to keep up with the influx of new projects. With the addition of a 2nd 800kg double cone blender, Alt labs has more than enough capacity to accommodate its current and new clientele.
  • Alt Labs is a private label contract manufacturer located in Southwest, Florida, USA. The Company specializes in the manufacturing and packaging of; liquids, powders, tablets, capsules, and other unique nutritionals. Alt Labs has a wide array of customers that sell their products in the USA and internationally through eCommerce platforms like Amazon, as well as, direct business to consumer (B2C) via their own sales networks.

Kent Wilson, CEO of Alpine 4, had this to say, “It’s always a pleasure to see a newly added subsidiary firing on all cylinders this quickly after being acquired. These orders add to an already impressive backlog of work for 2021. We appreciate all of the hard work being put forth by the team at Alt Labs!”

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