Canadian cannabis company Aphria Inc. /zigman2/quotes/207425803/composite APHA -0.71% /zigman2/quotes/205566616/delayed CA:APHA -2.06% said Friday it has entered an agreement to receive a C$100 million (76.2 million) investment from an unnamed institutional investor. The investor purchased 14 million units of the company priced at C$7.12 per unit, the company said in a statement. Each unit is comprised on one common share and one-half of one common share warrant, entitling the holder to purchase a share at a price of $9.26 for 24 months after the closing date. Proceeds of the deal will be used to finance international expansion, working capital and for general corporate purposes. U.S.-listed hares rose 3.8% premarket on the news, but are down 17% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.48% has gained 26%.