This morning Alpine 4 Holdings Inc (OTCMKTS:ALPP) announced that its subsidiary company Alternative Laboratories LLC has managed to bag a slew of new orders worth $2 million.
That has come as a boost for the Alpine stock and it has jumped by 4% so far. The new orders are supposed to be concluded by June and July this year, thereby giving Alternative Laboratories a backlog of work that is worth $5.8 million at this point in time.
The company is currently engaged in its work on approximately 40 formulas for its clients. In addition to that, Alternative Laboratories is also looking to boost the number of employees at its Research and Development division so that it can cope with the addition of new projects. Alternative Laboratories is based out of Florida which is known as a private label manufacturer of capsules, tablets, powders and liquids among others. Most of its customers sell their products in the United States and abroad by way of various ecommerce platforms.