Exhibit 8.1 - Subsidiaries
| Entity Name | Jurisdiction of Incorporation | |
| Innovation Beverage Group USA Inc. | Nevada | |
| Reg Liquors LLC (d/b/a Wired For Wine) | New Jersey | |
| IBG USA, LLC | Delaware | |
| IBG Treasury USA Inc. | Nevada | |
| InnoBev Merger Corp. | Texas | |
| Bittersweet Brands Pty Ltd | Australian |