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Examples
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Matt Nager for The Wall Street Journal Chris Ward, the owner and founder of Aloha's, a medical marijuana dispensary in Milner, Colo.
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Matt Nager for The Wall Street Journal Chris Ward, the owner and founder of Aloha's medical marijuana dispensary, is shown at his shop in Milner, Colo., on June 15.
Colorado Out of Joint Over Pot Shops Stephanie Simon 2011
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"We fully understand the urgency Aloha's decision has created for the employees and their families, and we will do everything we can to assist the employees during this very difficult time," Lingle said.
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The company said in a filing Friday that lender GMAC Commercial Finance was willing to provide another $3 million in loans but only if the money was used to finance the company's profitable divisions such as its air cargo unit, and not used to pay for operating costs for Aloha's passenger service.
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Ornstein said his company attempted to invest $20 million in Aloha when it was trying to emerge from its earlier bankruptcy. go! was quick to increase its flights following news of Aloha's closure.
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Analysts said Aloha's demise means that go! was able to accomplish its goal of driving the state's No. 2 carrier out of the market.
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Speaking through a company spokesman, Banmiller, Aloha's CEO, said Lingle's comments questioning the necessity of the shutdown are "misinformed."
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Added Randy Kauhane, assistant general chairman of Aloha's 1,500-worker Machinists Union:
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For interisland travelers, Aloha's departure means the loss of an estimated 88,000 seats per week.
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Jonathan Ornstein, Mesa's CEO, declined comment on Aloha's charges yesterday.
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