Can you add a Pre-Status or Post-Status Option/Label? Alternatives?

Summary

Need to track classes scheduled, then not held, without deleting class. Is it possible to add Pre/Post Status to give an option of 'ILT CANCELLED'

Content

We have a need to track ILT classes that are scheduled, then not held, without deleting the session or enrollment. Is it possible to add an option in the Pre/Post Status columns to give an option of 'ILT CANCELLED'?

If not, what alternatives are you using to address this if you find the same need or request?

Thank you,

Carrie