Canada’s Temple Lifestyle Brands acquires Rise Kombucha

Canada’s Temple Lifestyle Brands has expanded its useful beverage portfolio with the acquisition of native enterprise Rise Kombucha.

Financial phrases of the deal weren’t disclosed.

The buy was backed by “Québec-based impact investors” led by native funding fund Fondaction.

In a press release yesterday (3 September), Montreal-based Temple stated its help will assist the kombucha model “scale faster”, by “expanding its reach, bringing new innovations to market, and unlocking additional value for consumers and retail partners”.

Rise Kombucha, arrange in Montreal, Quebec in 2008, produces a variety of low-calorie and low-sugar kombucha drinks.

Its merchandise are manufactured in a facility in Montreal, which Temple can even snap up as a part of the deal, the corporate instructed Just Drinks.

Rise’s portfolio consists of flavours like blueberry and maple, mint and chlorophyll, and recent ginger.

The enterprise sells solely in Canada and has no quick enlargement plans, Temple stated, noting there’s “lots of room for growth within Canada”. 

Charles Chang, former chairman of Rise’s board, believes that Temple is “uniquely positioned to unlock the brand’s next phase of growth with the scale, operational strength, and expertise to make it happen.”

Christopher Magnone, co-founder and CEO of Temple, stated, “Bringing Rise into our family is more than an acquisition, it’s a powerful step forward in our mission to revolutionise better-for-you beverages. It brings us closer to our north star: 100 million better-for-you beverages consumed annually by 2035.”

Temple instructed Just Drinks that Rise had “no active founders in the day to day operations of the company for the last several years”.

It added: “The prior board was dissolved at the close of the transaction as is customary.”

Temple, which additionally owns the Thirsty Buddha natural coconut water model, stated that the acquisition aligns with its mission to construct a “category-defining platform in functional beverages.”

While the group plans to deal with the Canadian market with Rise, the enterprise is contemplating worldwide enlargement for Thirsty Buddha, which presently operates solely in Canada.

“We are currently exploring potential opportunities for expansion into global markets for mid 2026,” it instructed Just Drinks.