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Pop popcorn on stove if using unpopped kernels or in the microwave if using microwavable bagged popcorn.
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Using double boiler, melt white chocolate over low heat until fully melted. Add 1/4 cup of oil at the end and mix well.
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Pour popcorn in a large bowl. Add 1/2 of the M&M's® Crispy,1/2 rainbow sprinkles, 1/2 almonds, 1/2 pretzels.
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Pour white chocolate over popcorn crunch mixture and toss to coat well.
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Spread mixture on a parchment lined baking sheet and add remaining 1/2 of the M&M's® Crispy,1/2 rainbow sprinkles, 1/2 almonds, 1/2 pretzels.
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Allow to cool for at least 30 minutes. You can also cool in the refrigerator for 15 minutes.
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Store in air-tight container.