Prepare a piece of greased wax paper and set a side.
Add the marshmallows and butter to a microwave safe dish. Microwave for 2 minutes. Stir and heat for 2 more minutes.
Working quickly add the green coloring and extracts. Stir, then add the cornflakes. Stir until evenly coated.
Scoop a spoonful of the mixture and drop it in clumps on the wax paper. To make a wreath shape lightly grease your fingers and form a hole in the center of each clump. Add 3 red hots to the newly shaped wreath.
Lightly grease a storage container. Allow the treats to cool and set before transferring them to the container.