In large bowl, combine cereal, nuts, seeds and cranberries; stir well to combine. Spread onto parchment-lined cookie pans.
In small bowl, melt Candy Melts candy according to package directions. Dip pretzels in candy and place on parchment to set. Drizzle remaining Candy Melts over cereal mixture, tossing lightly to coat. Let set and break into pieces before adding dipped pretzels.