Temple Lifestyle Brands Announces Acquisition Of Rise® Kombucha

Temple Lifestyle Brands Acquires Rise® Kombucha (CNW Group/Temple Lifestyle Brands)

MONTRÉAL — Temple Lifestyle Brands, the parent company of Thirsty Buddha® and a Canadian manufacturer, announces the acquisition of Rise® Kombucha. This union brings together two Canadian beverage manufacturers involved in functional beverages.

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 consumer demand.

“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.”

Temple Lifestyle says it offers diversified manufacturing capabilities, a broad omnichannel distribution network, and a strong commercial engine.

“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.

“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.”