In a large skillet, melt butter, add water and molasses. Add Qwik-Flo^® Honey Granules and stir to dissolve. Let boil, without stirring, until the mixture reaches 310° F.

Remove from heat and quickly add the peanuts and baking soda. Stir until the foam is well combined with the mixture.

Pour into a well greased pan and stretch into a thin layer using two forks. Allow to cool.