Temple Lifestyle Brands, parent company of Thirsty Buddha and one of Canada’s fastest-growing health and wellness companies, has acquired Rise Kombucha, the country’s leading kombucha brand.
This strategic union brings together two powerhouse Canadian beverage names and accelerates Temple’s mission to build a category-defining platform in functional beverages, said the company.
“According to Grand View Research, the Canadian functional drinks market is expected to expand at a CAGR of 9.4%, reaching almost USD 7.9 billion by 2030, driven by strong consumer demand. This acquisition positions Temple to capture more of that growth while reinforcing its commitment to innovation, quality, and delivering products Canadians can feel good about,” said Temple.
“Founded in Montreal in 2008, Rise Kombucha has earned national acclaim for its authentic, organic, unpasteurized kombucha, brewed with purpose, high-quality ingredients, and a deep commitment to gut health, innovation, and sustainability. From humble beginnings to national distribution in major retailers, Rise has become one of the most recognized functional beverage brands in Canada. With bold flavours and a passion for wellness, Rise is reshaping how Canadians experience better-for-you beverages.”
“We are thrilled about this transaction, as we’ve long admired what the team at Rise has built, a beloved brand rooted in quality, community, and wellness,” said Christopher Magnone, Co-Founder and CEO of Temple Lifestyle Brands. “Bringing Rise into our family is more than an acquisition, it’s a powerful step forward in our mission to revolutionize better-for-you beverages. It brings us closer to our north star: 100 million better-for-you beverages consumed annually by 2035. One beverage at a time, we’re inspiring healthier living across Canada.”
With Temple’s support, Rise is positioned to scale faster, expanding its reach, bringing new innovations to market, and unlocking additional value for consumers and retail partners. The combined strength of Temple and Rise creates immediate synergies across operations, retail, and distribution throughout Canada and beyond, explained the company.
Temple Lifestyle offers diversified manufacturing capabilities, a broad omnichannel distribution network, and a strong commercial engine. The addition of Rise strengthens Temple’s portfolio and cements its position as a functional beverage trailblazer. Temple’s flagship brand, Thirsty Buddha, is Canada’s #1 organic coconut water and a leader in functional hydration. Together, Rise and Thirsty Buddha form a powerful portfolio of better-for-you beverages, each maintaining its unique identity while benefiting from shared resources and reach, it added.
“This is a heartfelt milestone in Rise’s journey,” said Charles Chang, former Chairman of the Board of Rise Kombucha. “What began in Montreal with a simple idea, to craft a kombucha as bold and authentic as the people who drink it, has grown into something truly meaningful. Temple shares our passion for wellness, sustainability, and community, and is uniquely positioned to unlock the brand’s next phase of growth with the scale, operational strength, and expertise to make it happen. The future is bright, and we can’t wait to watch Rise continue to flourish.”
The acquisition is backed by Québec-based impact investors led by Fondaction, underscoring a strong commitment to sustainable growth and local economic development.
“As an impact investor, adding Rise to Temple’s family of brands makes a lot of sense and deepens the offering for Canadian consumers who want healthier products,” said Mathieu Sasseville, Director, Sustainable and Impact Investments, Fondaction. “We are thrilled to continue this journey and support Temple’s management team in their growth ambitions.”
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