19.9.2023 08:00:01 CEST | Canopy Holdings AS | Non-regulatory press releases

Spotlio AS (the "Company", Euronext Growth Oslo), previously named Canopy
Holdings AS, confirms the operational integration of its wholly owned European
and US businesses represented by the two main brands of Spotlio and Catalate,
respectively. The integrated operations, which will be marketed to customers
under the consolidated banner of Spotlio, will redefine destination digital
technology and herald a new era of cutting-edge solutions for the ski resort,
parks, and attractions sector. This transformative collaboration solidifies our
commitment to excellence in the industry and enhances millions of guest
experiences.

The combined operations provide for integration of capabilities across a diverse
portfolio, enabling Spotlio to connect resorts and attractions with consumers in
the most efficient way possible. Seamlessly incorporating demand-based Dynamic
Pricing and e-commerce solutions across various platforms, ranging from web to
mobile apps, removes the obstacles hindering the provision of a rewarding
omnichannel customer experience. This enhancement not only fosters increased
customer loyalty but also effectively addresses the prevailing pain points
experienced by park and attractions operators on a global scale.

The combined operations are uniquely positioned within the ticketed attraction
industry with an array of offerings also including Mobile Apps that boast an
exceptional average rating of 4.6 across over 37,000 reviews, Interactive Maps
encompassing over 2,500 resorts worldwide, and new intuitive features like
mobile ski pass. Notably, the Skitude community app for mountain skiers further
complements the portfolio. With a global presence reflected in team members'
spanning continents, the Company is poised to redefine the standards of
technological innovation for resorts and attractions. 

Boasting an impressive track record spanning over a decade, Spotlio has emerged
as the forefront provider of white-label digital solutions for destinations.
Noteworthy customers include globally recognized resorts such as Aspen Snowmass,
Vail Resorts, and Crans Montana. Catalate, renowned for its expertise in dynamic
pricing services and e-commerce, has achieved remarkable milestones, having
facilitated more than USD 1 billion in online sales across the parks and
attractions landscape.

The strategic importance of supporting customers through a network of
partnerships cannot be overstated. Spotlio and Catalate, through their combined
strengths, have fostered valuable collaborations with industry leaders such as
Inntopia, Skidata, Axess, JB Concepts, and Aspenware, among others. These
partnerships are instrumental in bolstering service offerings, driving
innovation, and ensuring that Spotlio delivers the most comprehensive solutions
in destination digital technology. By leveraging the expertise and capabilities
of technology partners, Spotlio is better equipped to contribute to the
evolution of the resorts, parks, and attractions sectors.

In a strategic move to transform the business, the focus remains on
strengthening competitiveness, delivering sustainable growth, and maintaining
the path to profitability. As part of this strategy, Liftoptia.com -
http://liftoptia.com will be discontinued as a brand, and in this regard the
Company will also consider divesting Liftopia.com - http://liftopia.com. This
decision further reflects our commitment to streamline operations and align
resources with long-term vision and goals. The discontinuation of Liftopia.com -
http://liftopia.com will enable Spotlio to enhance operational efficiency,
bolster core offerings, and ultimately deliver greater value to clients and
stakeholders.

"Today marks a pivotal moment in our journey," stated Christian Erlandson, Group
CEO at Spotlio. "The union of Spotlio and Catalate ignites an era of limitless
possibilities, where our collective expertise will reshape the landscape of
destination digital technology."

The rebranding of the combined operations under the consolidated brand of
Spotlio, as well as the name change of the parent company from Canopy Holdings
AS to Spotlio AS, signify the harmonization of vision and a shared commitment to
delivering unmatched value to clients worldwide. This strategic alignment sets
the stage for a future characterized by innovation, growth, and transformative
experiences.

DISCLOSURE REGULATION

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

CONTACTS

 * Christian Erlandson, CEO, +44 7795953849,
   christian.erlandson@canopyholdingsas.com 
 * James Price, CFO, james@canopyholdingsas.com 

ABOUT CANOPY HOLDINGS AS

Spotlio - https://www.spotlio.com AS is a trailblazing force in destination
digital technology, offering tailor-made solutions - from apps to e-commerce,
and almost everything in between - that redefine the way consumers interact with
resorts, parks, and attractions. With a decade-long legacy of excellence,
Spotlio empowers clients with innovative white label digital solutions and
pricing services, fostering connections and enhancing experiences on a global
scale.