-- Thinkific demonstrates strength of surging course creator economy with $160M 
IPO 

-- Successfully completed TSX IPO values Thinkific at over $1B

Thinkific Labs Inc. (TSX: THNC) ("Thinkific" or the "Company"), is pleased to 
announce that it virtually rang the opening bell at the Toronto Stock Exchange 
(TSX) today to celebrate the company's first day of public trading, listed 
under the ticker symbol "THNC".  As a leading online course platform in the 
burgeoning course creator economy, Thinkific is poised to accelerate Knowledge 
Entrepreneurship and help global businesses diversify through online education. 

Photo - 
https://mma.prnewswire.com/media/1498178/Thinkific_Inc__Thinkific_Signals_a_New_Era_for_Knowledge_Entrepr.jpg 


"Our mission is, and always will be, to make it easy for course creators to 
build and scale profitable businesses through transformational online learning 
experiences." said Greg Smith, Co-Founder and CEO of Thinkific. "We believe 
education is the most powerful force for positive change in the world, and 
commerce is the rocket fuel that powers it. We are proud to be a part of this 
explosive sector and drive this impact forward for years to come."

Thinkific is an all-in-one, cloud-based software platform designed to enable 
entrepreneurs and established businesses to create, market, and sell online 
courses. Course creators can easily build and launch customized online courses 
for their audiences under their own brand, with no technical experience 
required. The Thinkific platform is designed for ease of use, reliability and 
scale, using enterprise-level technology to enable course creators to develop 
transformative learning experiences for their students and drive sustainable 
revenue for their businesses.

After a tumultuous year that saw the rise of entrepreneurship and the mass 
adoption of online learning, many businesses grew and pivoted by sharing their 
knowledge online for the first time. In 2020 alone, Thinkific saw annual 
recurring revenue grow by 150% year-over-year as course creators taught over 21 
million students, and earned over $275 million USD in revenue from direct 
course sales on the Thinkific platform.

"With the growing democratization of education and the expanding opportunities 
for businesses to monetize their skills and knowledge online, we envision that 
doors will continue to open across the world to a new era of Knowledge 
Entrepreneurship," commented Greg Smith. "We will be investing even more in 
research and development to help businesses build, grow and diversify through 
courses. Becoming a public company is an exciting and important milestone, but 
our journey is just beginning. Today we're helping more than 50,000 active 
course creators — and in the future, we can help millions. We are just getting 
started."

All non-specified numbers are listed in CAD.

About Thinkific 
Thinkific (TSX:THNC) makes it simple for entrepreneurs and established 
businesses of any size to scale and generate revenue by teaching what they 
know. Our platform gives businesses everything they need to build, market, and 
sell online courses and other learning products, and to run their business 
seamlessly under their own brand, on their own site. In 2020 alone, Thinkific's 
50,000 active course creators earned more than $275M USD in direct course sales 
while teaching tens of millions of students. Thinkific is headquartered in 
Vancouver, Canada, with a distributed and growing team. 

For more information, please visit www.thinkific.com.

This news release includes forward-looking statements and forward–looking 
information within the meaning of Canadian securities laws. Often, but not 
always, forward–looking information can be identified by the use of words such 
as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", 
"anticipates", "believes", "proposes" or variations (including negative and 
grammatical variations) of such words and phrases, or state that certain 
actions, events or results "may", "could", "would", "might" or "will" be taken, 
occur or be achieved. Forward-looking statements in this news release include 
statements regarding the growth of online education and our ability to scale 
our platform to accommodate an increase in course creators. Such statements and 
information are based on the current expectations of Thinkific's management, 
and are based on assumptions and subject to risks and uncertainties. Although 
Thinkific's management believes that the assumptions underlying these 
statements and information are reasonable, they may prove to be incorrect. The 
forward–looking events and circumstances discussed in this news release may not 
occur by certain dates or at all and could differ materially as a result of 
known and unknown risk factors and uncertainties affecting Thinkific, including 
the risk factors set forth in Thinkific's prospectus under the heading "Risk 
Factors". Although Thinkific has attempted to identify important factors that 
could cause actual actions, events or results to differ materially from those 
described in forward–looking statements and information, there may be other 
factors that cause actions, events or results to differ from those anticipated, 
estimated or intended. No forward–looking statement or information can be 
guaranteed. Except as required by applicable securities laws, forward–looking 
statements and information speak only as of the date on which they are made and 
Thinkific undertakes no obligation to publicly update or revise any 
forward–looking statement or information, whether as a result of new 
information, future events or otherwise.

Media Contact: Josh Stanbury, Press@thinkific.com; IR Contact: Janet Craig, 
IR@thinkific.com

SOURCE Thinkific Inc.