Is Valens in a downward spiral?This is the company's second sizable financing in four months. In late January, Valens closed a $39.6-million bought deal of units (also comprising a share and half a warrant) at $2.05. The stock was weighed down at the time by Valens's announcement in mid-January, when it flagged weak revenue and a sizable liquidation charge looming over its financials for fiscal 2020 (ended Nov. 30). The financials arrived in February and were indeed ugly