Save on Panda All Natural Cherry Licorice (12x7 Oz). Panda has been producing the world's leading premium quality, soft licorice since 1927. Panda Licorice is made from All Natural ingredients. It doesn't contain fat, preservatives, artificial colors, flavors or white sugar. Panda Cherry Licorice is made with delicious Real Cherries. It has a mouth watering smooth Cherry taste.. (Note: Description is informational only. Please refer to the actual ingredients and manufacturer's website prior to use. If you have any health questions please consult your medical provider.)