Exhibit 21.1

List of Subsidiaries

Subsidiary	Ownership			Jurisdiction
Incannex Healthcare Pty Ltd		100	%	Victoria, Australia
Incannex Pty Ltd		100	%	Victoria, Australia
Psychennex Pty Ltd		100	%	Victoria, Australia
APIRx Pharmaceutical USA, LLC		100	%	Delaware
APIRx Pharmaceuticals Holding BV		100	%	IJsselstein, Netherlands
Clarion Clinics Group Pty Ltd		100	%	Victoria, Australia
Clarion Model Clinic Pty Ltd		100	%	Victoria, Australia
Psychennex Licensing and Franchising Pty Ltd		100	%	Victoria, Australia