Line baking sheet with a Silpat mat or parchment paper.
MELT CHOCOLATE
Melt chocolate using your favorite method: double broiler, microwave, or electric chocolate pot until it is melted and smooth.
Place chocolate into electric chocolate pot on high setting until it is melted and smooth. Add the canola oil or Parmamount Crystals.
WHITE CHOCOLATE (COLOR)
Follow same directions except, add oil-based food color OR if you use regular food gel be sure to add Flo-Coat to the chocolate. To use Flo-Coat mix a ratio of 5 parts Flo-Coat to 1 part gel food coloring, then add that mixture to your white chocolate.
Only dip about 4-5 pretzels at a time and then decorate those immediately with sprinkles before the chocolate hardens.
Place pretzels on baking sheet lined with a Silpat mat or parchment paper.
Decorate with non-perils or sprinkles of choice.
If you have colored chocolate left over you can also put some in a plastic bottle made for doing chocolate work and drizzle over the finished dipped pretzels.
Let chocolate set about 1 hour. Store in a sealed container.
Notes
Be sure to use oil based food color. Do not use gel based coloring as it will seize.