Alpine 4 Technologies (OTCMKTS:ALPP) Continues to Add to its Already Impressive Portfolio
Alpine 4 Technologies (OTCMKTS:ALPP) is all set to go big! The company acquires businesses to fit into its disruptive DSF model – Drivers, Stabilizers and Facilitators. Drivers are companies that are on the brink of growth with excellent revenue generation and market potential. Stabilizers are companies that have sticky customers, consistent revenue, and provide solid net profit returns, while Facilitators have synergistic relevance to the first two.
As of now, Alpine 4 has nine companies in its portfolio, with CEO Kent Wilson leading the organization. In the first quarter of 2021, the company announced its intention to dip its finger in several pies, and make a significant impact. By 31st March, the company had raised $54 million in cash with five institutional investment groups, paid down over $14 million in debt, and strengthened its aerospace holdings by acquiring Vayu US, which manufactures high-performance vertical take-off and landing (VTOL) hybrid propulsion-based, autonomous aircraft.
Back in November 2020, it had acquired electric-aircraft maker Impossible Aerospace, which builds high-performance electric aircraft and drones. It also has a patentable IP, cutting-edge technology, well-funded development behind its IP, and a market space of $5 billion or more! In June 2021, the company announced the merger of Impossible Aerospace Corporation and Vayu to become Vayu Aerospace Corporation that is going to be situated in Ann Arbor, Michigan.
The company is dabbling in the Nutraceutical and CBD manufacturing industry too, with the acquisition of Southwest Florida-based Alternative Labs that manufactures and packages liquids, powders, tablets, capsules, and other unique nutritional and CBD products.
Market Reaction:
On Thursday, ALPP stock closed unchanged at $2.28 with more than 215K shares, compared to its average volume of 404k shares.
