1)to include something ( = encompass)
2)to accept something enthusiastically (an opportunity)
3)to hold someone tightly with both arms to express love, liking or sympathy

Link to present incidents:
Saint Valentine's Day embraces a time of year that is historically associated with love and fertility. It encompasses the sacred marriage of Zeus and Hera in Ancient Athens and the Ancient Roman festival of Lupercus, the god of fertility.