Found this weird fuzzy cone with bright red berries popping out of it under my tree. It looks like a hand grenade or something alien. Does anyone know what this is?

Growing a new magnolia tree from seeds can be a rewarding endeavor, but it does require some effort and patience. The seeds need to be stratified, a process that involves exposing them to cold, moist conditions for several months to break dormancy. This can be achieved by placing the seeds in a refrigerator in a damp paper towel or sand. Once stratified, the seeds can be planted in a well-draining soil mix and kept in a warm, sunny location. Germination can take several weeks to months, and young seedlings should be protected from harsh weather conditions as they grow.