In a large bowl add the popcorn, pretzels, dried cherries and almonds, mixing well. Set the bowl aside along with a rubber spatula, so that it is ready for the cooked peanut butter mixture.
In a medium sauce pan on medium heat, add the white sugar, honey and salt. Bring to a boil and simmer for 3 minutes on medium low heat. Add the salt and Cinnamon Toast Spice, stirring to combine.
After 1 more minute, add the peanut butter and take the mixture off of the heat. Give it a quick stir, then pour over the pretzels, dried cherries, almonds and popcorn mixture.
Using the rubber spatula, stir the mixture until everything is coated, then lay the trail mix on a sheet pan covered with parchment paper. Let it cool and break apart before enjoying. Store in a airtight container for a week.