18.2.2022 10:10:02 CET | Canopy Holdings AS | Non-regulatory press releases

(Oslo, 18 February 2022) Canopy Holdings AS (OSE:CAN) continues to grow its
recurring revenues. As per the end of Q3 of 2021/2022 the Group had total annual
recurring revenues of EUR 7.5 million, sequentially up 15% for the period.

Per the end of Q3 2021/2022, ending 31 January 2022, the business-to-business
(B2B) annual recurring revenues and annual transactional recurring net revenues
were EUR 7.5 million, up from EUR 6.5 million at the close of Q2 of 2021/2022,
ending 30 October 2022.

There was a net increase of 7 resorts during Q3 of 2021/2022 One of the new
resorts was an Austrian ski resort - the group's first resort customer in
Austria and an important event.

The updated KPI presentation is enclosed. 

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Bent Grøver, CEO, +47 95 04 03 92, bent@canopy.holdings 
 * Ivar Blekastad, CFO, +47 48 26 36 70, ivar@canopy.holdings 

ABOUT CANOPY HOLDINGS AS

Canopy Holdings AS is a multi-national technology company listed on Euronext
Growth Oslo. The company owns a leading portfolio of brands and companies that
provides digitalization solutions to resorts, destinations, parks and
attractions in key markets. Canopy Holdings AS currently consists of Catalate, 
Liftopia.com - http://liftopia.com, Skioo, Skitude and Spotlio.

ATTACHMENTS

KPI Update Jan 22.pdf -
https://kommunikasjon.ntb.no/ir-files/17847592/1216/1618/KPI%20Update%20Jan%2022
.pdf