Using the Velocity (full scale) web site data for their airplanes, the canard area is indeed factored into the total lifting area when figuring out wing loading.

Using the wing area plus canard area versus just wing area alone to calculate "wing loading" on the model, here's the difference:

wing area alone = 1200 sq. in. At 16 pounds, wing loading is 30.72 oz/sq ft

wing area plus canard area = 1400 sq. in. At 16 pounds, wing loading is 26.33 oz/sq ft

That's a considerable difference.

And, yes, the Velocity will weigh every bit of 16 pounds, maybe more, once the necessary 2 to 3 pounds of noose weight is added.