In a small saucepan set over medium heat, mix 1 cup sugar and 1 cup water. Stir continuously until the sugar fully dissolves.

Lower the heat to medium-low. Add strawberries and vanilla, stirring them in. Cover the pan and let it simmer for 5 minutes. Take it off the heat and allow to cool. Let the strawberries steep for no less than 2 hours to get the fullest flavor. Strain the strawberries out, then transfer the syrup to an airtight container. Keep refrigerated for up to 2 weeks.

Pour the lemon juice into a shallow dish. In another shallow dish, mix 1/3 cup sugar and a few drops of red food coloring. Rub the sugar between your fingers until the color is spread evenly.

Coat the rim of each glass by first dipping it into the lemon juice, then into the colored sugar.

In a large pitcher, mix cranberry juice, strawberry simple syrup, sparkling water, cranberry Sprite, grenadine, and Angostura bitters. Stir thoroughly.

Pour the mixture into the prepared glasses. Add a mini candy cane to each as a garnish. Serve chilled.

For a single serving: In a glass, combine 1/4 cup plus 1 tablespoon cranberry juice, 1/4 cup strawberry simple syrup, 1/3 cup cranberry Sprite, 1/4 cup sparkling water, 2 teaspoons grenadine, and 1/8 teaspoon Angostura bitters. Stir until well mixed. Garnish with a mini candy cane and serve cold.