Innovation Beverage Group Ltd

Innovation Beverage Group Limited develops, manufactures, markets, exports, and retails a growing portfolio of 70 beverage formulations across 14 alcoholic and non-alcoholic brands, with a focus on premium and super premium brands. The company operates through three wholly-owned subsidiaries: IBG USA LLC, Reg Liquors LLC (doing business as Wired for Wine), and Innovation Beverage Group USA Inc. Innovation Beverage Group USA Inc. was established to import, produce via co-packers, market, and wholesale the company's owned portfolio of brands in the United States. These activities began in October 2024, supported by distribution agreements with Republic National Distribution Company in California, Hawaii, Alaska, Nevada, Ohio, and Washington states, and with Houston's Inc. in Oregon. Innovation Beverage Group USA Inc. also has a sales and marketing agreement with Blue Ridge Wine & Spirits Inc., covering all 50 U.S. states. Reg Liquors LLC, which operated e-commerce marketplaces www.wiredforwine.com and www.bevmart.com for wines and spirits, ceased operations in October 2024. The company decided in October 2024 to focus on building its own brands in the United States and other export markets, ceasing the retailing of certain third-party brands via its U.S. retail websites. It continues to retail third-party brands in Australia via www.bevmart.au. The company is actively seeking to divest the liquor license and all inventory held by Reg Liquors LLC. The flagship Australian Bitters Company (ABC) brand accounted for approximately 40% of revenues in 2022, 89% of revenues in 2023, and 98% in 2024. In terms of geographic revenue, the Australian Market generated $1,965,734 in 2022, $2,876,251 in 2023, and $2,931,243 in 2024.