Temple Lifestyle Brands, the Canadian wellness company behind Thirsty Buddha® coconut water, has officially acquired Rise® Kombucha, Canada’s leading kombucha brand. This strategic move combines two of the country’s fastest-growing functional beverage names and strengthens Temple’s mission to build a category-defining platform in better-for-you drinks.
Accelerating Functional Beverage Growth
According to market research from Grand View Research, the Canadian functional drinks sector is projected to grow at a compound annual growth rate (CAGR) of 9.4%, reaching nearly USD 7.9 billion by 2030. By uniting Temple and Rise, the acquisition positions the combined company to capture a significant share of this growth. It underscores Temple’s commitment to innovation, quality, and sustainable health-focused beverages that meet the rising consumer demand for functional hydration and gut health solutions.
Rise Kombucha’s Legacy of Innovation
Founded in Montreal in 2008, Rise Kombucha has become a household name in organic, unpasteurised kombucha. The brand built its reputation on authentic brewing methods, premium ingredients, and a commitment to gut health and sustainability. From local beginnings to national distribution in major retailers, Rise has helped reshape Canadians’ perception of fermented, probiotic-rich beverages. Its bold flavours and dedication to wellness have made it one of the most recognised functional beverage brands in Canada.
A Shared Vision for Healthier Living
Christopher Magnone, Co-Founder and CEO of Temple Lifestyle Brands, said the acquisition is more than a business transaction:
“Bringing Rise into our family is a powerful step forward in our mission to revolutionise better-for-you beverages. This partnership moves us closer to our north star: 100 million better-for-you beverages consumed annually by 2035.”
Temple’s flagship Thirsty Buddha® is already Canada’s #1 organic coconut water, known for functional hydration. With Rise now in the fold, Temple gains a diversified product line and the ability to scale both brands using its strong omnichannel distribution and manufacturing capabilities. Importantly, Rise will retain its unique brand identity while benefiting from Temple’s expanded resources.
Backed by Impact Investors
The deal is supported by Québec-based impact investors led by Fondaction, aligning with Temple’s focus on sustainable growth and local economic development. Mathieu Sasseville, Director of Sustainable and Impact Investments at Fondaction, highlighted the shared commitment to wellness and community, stating that Temple is well positioned to drive long-term growth and innovation.
Looking Ahead
By combining operations, retail reach, and research capabilities, Temple and Rise create immediate synergies across Canada and beyond. Consumers and retail partners can expect new product innovations and greater availability of functional beverages that support everyday health.
This acquisition cements Temple Lifestyle Brands as a trailblazer in Canada’s functional beverage space, reinforcing its ambition to become the nation’s leading house of better-for-you beverage brands—products that not only taste great but also help Canadians feel great.
