It does not necessarily mean that these are the branches currently installed. [init_metapip] will notify you if that is the case.
Examples
get_current_branches()
#>
#> ── metapip current branches (default in red): ──
#>
#> ◌ pipapi : DEV
#> ◌ pipload : PROD
#> ◌ wbpip : DEV
#> ◌ pipfun : PROD
#> ◌ pipdata : PROD
#> ◌ pipster : DEV
#> ◌ pipaux : PROD
#> ◌ pipfaker: main
get_package_current_branch(c("pipdata", "pipfaker"))
#> pipdata pipfaker
#> "PROD" "main"