SPRAY 9x5-inch loaf pan with cooking spray; set aside. Mix pectin, water and baking soda in medium saucepan. (Mixture will be foamy.) Combine 1 cup sugar and corn syrup in large saucepan.
COOK both mixtures on high heat 4 min. or until foam has thinned from pectin mixture and sugar mixture comes to a full rolling boil (a boil that doesn't stop bubbling when stirred), stirring mixtures in both saucepans frequently. Gradually add pectin mixture to boiling sugar mixture, stirring constantly. Boil 1 min., stirring constantly. Remove from heat. Stir in extract and food coloring. Pour immediately into prepared pan. Let stand at room temperature 3 hours or overnight until candy is cool and firm.
SPRINKLE remaining sugar onto large sheet of waxed paper. Invert candy onto waxed paper. Cut candy into 3/4-inch squares, stopping occasionally to dip knife in warm water. Roll candy in sugar until evenly coated. Place in single layer on wire racks. Let stand, uncovered, at room temperature overnight. Store in airtight container at room temperature.