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Cannabis Moguls Purchase Frank Lloyd Wright Home for $23.5M

(L-R) Cindy Capobianco and Robert Rosenheck pictured on February 24, 2017 in Los Angeles, California. Phillip Faraone/Getty Images for Gemfields

With money to spare, the couple’s luxury brand Lord Jones was acquired by Cronos Group in a $300 million deal earlier this year

How much would you pay to get stoned in an architectural treasure?

If you’re cannabis moguls Cindy Capobianco and her husband Robert Rosenheck, the answer should be about U$18 million or approximately C$23.5 million.

The founders of luxury beauty brand Lord Jones, which produces CBD-infused body oils, lotions, tinctures, capsules, and confections sold at retailers such as Equinox and Sephora, dropped their cannabis cash on the Ennis House, a Frank Lloyd Wright-designed Mayan Revival home in the Los Feliz neighbourhood of Los Angeles.

The largest of four “textile block” houses designed by the revered architect, the multi-level Ennis House, which consists of over 27,000 blocks with textured surfaces and is perched atop a hill with a stunning view, was completed by Wright’s son in 1924 and known for being one of the architect’s personal favourite designs. The house was also featured in the cult 80s film Blade Runner.

An FLW-designed home in Chicago’s historic Oak Park neighborhood, which is renowned for the architect’s many home designs, typically sell for between U$700,000 and just over U$1 million. Though the U$18 million price tag may come as a shock to even the most dedicated architecture buff, the couple can easily afford it.

The former PR whiz and her environmentalist and philanthropist husband sold Lord Jones earlier this year, after four years of running the company, for U$300 million to Cronos Group, a cannabinoid-centred company with a brand portfolio that includes Spinach, Peace Naturals, and COVE.

To Read The Rest Of This Article By Emma Spears on The Growth Op

Published: October 24, 2019

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