Line a large baking sheet with parchment paper, set aside.
Place popped Dell Cove® Ruby Red popcorn kernels in a large mixing bowl, then add the pretzels and peanuts.
In a microwave-safe medium bowl, heat the white candy melts per package instructions until smooth.
Pour candy melts over the popcorn mixture, then use a spatula to quickly (but gently!) toss and stir until the candy melts have coated all of the ingredients.
Gently fold in candy coated chocolates.
Transfer coated popcorn mixture to the prepared baking sheet and spread out into an even layer.
While candy melts are still wet, sprinkle with festive sprinkles as desired.
To add more color, heat the colorful candy melts and drizzle them on top of the bunny bait.
Let bunny bait dry completely (about 1 hour), then use your hands to gently break it apart into snack-sized pieces.