Hi Josh,
I'm reading the color as "dark red"--- reading "doctor handwriting" for about thirty years may have helped me decipher this!
The fiberglass-removal video is at:
http://www.youtube.com/watch?v=eXILZU6Jm-s
The fiberglass on the canoe in the video was probably an "average job"-- not so bad that it came off in big sheets, but not so good that we'd regret tackling the project. The fiberglass ruined the long mahogany decks of the canoe in the video, so they have to be re-built... but the canoe is in canvas.
Try using the "search" function (above) to bring up past discussions of the Otca... and feel free to post questions too! If you decide to take-on the restoration of this canoe, Thurlow and Stelmok's book "The Wood and Canvas Canoe" is sometimes referred-to as "the bible of canoe restoration". It's available at the WCHA Store and just about anywhere you find books for sale.
If you have a specific question, post here in Forums--- the "Wood Canvas/ Fiberglass" category would fit. You might also try YouTube... someone has probably made a video of just about everything.
Information on the Old Town Company itself can be found in Sue Audette's book, "Old Town, Our First Hundred Years", which is available from Sue herself at
http://www.waterworkscanoe.com/book.html, on eBay, Amazon, and at public libraries.
Best of luck with whatever you decide to do regarding this canoe.
Kathy