Venue Cymru is reopening within the current Alert Level Two Covid rules this weekend.
The Welsh Government's Covid restrictions forced the Llandudno venue to end its panto season early in December.
But they will open with a reduced capacity this weekend for the Peppa Pig show, with additional performances put on.
They should be able to return to normal capacity numbers from January 28 under the current roadmap.
A spokesman said: "With Wales going into Alert Level Two just after Christmas, theatres around the country saw their pantomime seasons cut short. The current ruling only allows for 200 people at indoor performances, and all audience members must be socially distanced.
"For Venue Cymru, who had in excess of 1000 people booked for some performances of their Pantomime, this new ruling forced their doors to close yet again.
"However, this weekend, the venue will reopen, within these current restrictions for Peppa Pig."
They added: "Everyone’s missed out on so much over the course of the pandemic, children especially have missed out on new experiences. We saw an opportunity in which we could still put this show on within the current laws, and we’ve gone for it.
"Our Box Office staff have worked around the clock to carefully space out our ticket holders, and FieryLight, the production company behind Peppa’s show have added extra performances into their Llandudno visit to further allow us to accommodate everyone.
"All ticket holders have been notified that the show is going ahead, and the measures that we have to put in place, such as the restricted capacity, the distancing between parties and the one way systems we have had to implement. Each patron will be contacted by our Box Office with further information in the coming days."
Richard Jones, marketing manger, said: “Theatres always need new audiences, we need to ignite the love for our industry at a young age, we’re so glad we can make this happen. We’re excited to be opening this weekend, earlier than some of us had anticipated – especially for Peppa."
