Preheat the oven to 375 degrees F. Line a baking sheet with parchment paper. Combine the first 6 ingredients in a bowl. Moisten your hands with water, roll the meat into 1 1/2" balls, and set on the baking sheet. Roast 20 minutes. Drain excess fat from the meatballs.
Place the remaining ingredients in a wide skillet. Set over medium-high heat and bring to a simmer, whisking to melt the cranberry sauce. Add the meatballs to the sauce, simmer a few minutes, and then serve.