Hi again...
From looking at the picture I can already see that you can not make that shape in a non split mold... there are at least two places on both sides where you have the shape going inwards towards the top edge. that will lock the body of the canoe into a single piece mold... even IF you can press the sides together enough to clear the top of the mold, you will have a lot of problems de-molding...
Even if you modify the shape to avoid the inward slopes on the top of the canoe, the very narrow places at either end will be very difficult to release, since you will also have great difficulty in polishing it in the very confined spaces in the bottom "corners" They WILL stick or lock solid ...
I certainly would much rather do this as a split mold, and avoid several problems at once.
You will have another problem with the split mold, you will have a slight edge along the seam of the split mold, but if you make sure that there is room for a bit of extra Gel-coat along the seam, that can be polished away.
I would definitely go for a clear gelcoat in the mold first. Are you going to use Polyester?
@george: I do not think the canoe in the picture is the actual one... it is what he is aiming to build, not having one to use as a "plug" to build a mold over, he is building the mold as a female mold, to use directly.. in effect "sculpting" the canoe "inside out" .. or should that be "outside in"

I have made a "plug mold" the same way, for the inside shell of a custom motorcycle seat. since the underside of the seat shell is going to be the visible side, I decided to jump one step and laminate the seat shell directly over a reusable "plug" made from MDF and coated with a thick layer of tooling epoxy resin with filler followed by a layer with only a bit of graphite powder and then polished and waxed ... The "plug mold is looking great, but I haven't had time to try it yet..
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