I have used both artist canvas boards and artist canvas frames and neither were successful.
The boards developed enough of a warp that they did not sit nicely together and the frames didn't have sufficient uniform size and shape to sit nicely together and the interior needs support because the canvas does sag. Also the canvas being wrapped around the sides and being bulkier in the corners due to the folded meeting point of two edges did not help.
it sounds like a nice idea, but in practice, I think you need to buy the best artist materials, which will still not be ideal and you would have spent two thirds of the money that you could have put towards a purpose built mat. Just my take (after having attempted it).