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Step 1

Preheat oven to 250F.

Step 2

Pop the kernels and spread them out onto a greased baking sheet. Add peanuts and stir well.

Step 3

In a small saucepan, combine butter, brown sugar and molasses. Bring to a boil on medium high heat, stirring constantly until it comes to a boil.

Step 4

Reduce heat and simmer for 3 minutes.

Step 5

Remove from heat and add baking soda and salt. Stir well until foamy and pour over popcorn and peanuts. Take time to stir well and coat popcorn evenly.

Step 6

Bake for 50-60 minutes, stirring every 15 minutes to cook evenly.

Step 7

Allow to cool, breaking any large pieces.

Step 8

Store in an airtight container for 3-5 days.