Preheat your oven to 300°F (150°C).
In a large mixing bowl, combine the popped popcorn, pretzel sticks, peanuts, and candy-coated chocolate.
In a saucepan over medium heat, melt the butter, then stir in hot sauce, brown sugar, garlic powder, and onion powder.
Pour the hot butter mixture over the dry ingredients and gently toss until evenly coated.
Spread the mixture evenly onto a baking sheet lined with parchment paper.
Bake for 20-25 minutes, stirring every 10 minutes, until the mix is golden and fragrant.
Remove from the oven and let cool before storing in an airtight container.