Not knowing your size, physical condition, experience, I offer observations and opinion only.
1. 12oz canvas 9'x9' diamond will weigh 7 1/2 lbs. This will be the heaviest piece of gear in your kit. Anything much smaller will be a waste since it will not actually shelter you. Smaller scraps of canvas are best used as sunshades.
2. My 10oz 10'X10' rolls up into a 6"x18" roll, very bulky.
Due to these considerations I have never carried a "canvas" diamond shelter on any trek. I use a 9'X9' oilcloth made from cotton broadcloth, washed hot to shrink the weave and treated with waterproofing. It weighs 3 lbs and rolls into a bundle only 3"X 12".
Some people will leave off the shelter when trekking. For me it is essential. We can no longer move around freely and use shelter wherever we come across it as they did in past times.
My blanket weighs 6 lbs, my shelter 3 lbs. + 4-5 lbs other gear & food gives a manageable load. I try to keep all gear, including rifle and shooting bag, under 25 lbs. Two back surgeries make this my personal limit when moving on foot. In a canoe, the load limit of the boat is my only boundry.
Most trekking is simply ultralight backpacking with primitive gear. You make comprimises with safty and your experience and ability in mind. I have friends that look like pack mules moving through the woods. That would be impossible for me. Just because you CAN carry it does not mean you NEED to cary it. However, each person's need and abilities will vary.