Prepare a baking sheet by lining it with wax paper.
Spread the popcorn in a single layer on a large baking sheet. Be sure to check for any un-popped kernels, as you don’t want them in your final treat!
Melt the pink candy melts in a microwave-safe bowl. Heat in 15-second intervals, stirring after each, until the candy is completely smooth and melted.
Drizzle the melted candy over the popcorn, ensuring it’s evenly coated.
Top with your favorite Valentine’s popcorn additions like M&Ms, salted peanuts, candy corn, and sprinkles for extra color and crunch.
Let the popcorn chill in the refrigerator to set. Once the candy coating has hardened, break the popcorn into pieces.