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When ready to cook, start the Traeger grill on Smoke with the lid open until the fire is established (4 to 5 minutes). Set the temperature to High and preheat, lid closed, for 10 to 15 minutes.
Cook the bacon on one side for 5-8 minutes depending on the thickness of your bacon and then flip and cook for another 5-8 minutes. Crumble bacon and set aside.
Remove biscuits from the can and cut each biscuit into 4 pieces and peel each piece in half. Set aside.
Combine syrup, brown sugar, butter and water in a saucepan and bring to a boil; reduce heat and simmer for 1 minute. Stir in cinnamon. Add crumbled bacon and syrup to biscuit quarters and mix to coat.
Pour into greased bundt pan and spread evenly in the dish.
Reduce the heat on your grill to 350 degrees F and place the pan on the grill. Close lid and cook for 30 to 35 minutes or until the biscuits are done.
Remove from the grill and invert the pan onto a serving platter.
Serve warm. Enjoy!