This is basically how we dealt with large oak stumps in our yard, by surrounding the entire stump with deadwood, compost, soil and leaf litter. Initially we poured water and compost tea in the center crevices to encourage decomposition. Eventually I chopped a 10" hole out of the center for an apple tree, but the space completely filled with oak bracket fungus and choked out the apple sapling. The hole was cleared, and replanted with sage.
A year later I transplanted the healthy sage elsewhere and enlarged the hole, which by then had rotted all the way down to ground level. A new apple tree took center stage, with room at the top of the hole to hold water. It doesn't stay there long; watering the apple tree waters the entire mound.
As you can tell from the pictures, it is a constant challenge to keep organic material mounded up against the stump. Deterioration has been relentless, with soil washing down after every rain. Fortunately, it also makes the planting area around the stump especially fertile. We've grown beans, onions, peppers, strawberries, potatoes, sweet potatoes, herbs and now sunflowers.
The only other problem is one we've found with every hugelkultur project we've tried, and that's dealing with the empty voids that occur beneath the surface. Underground wood rots away, leaving roots dangling in a dry, empty space. The first clue is usually a dying plant, while everything around it flourishes. I've now made a regular practice of poking our hugelkultur mounds with a broomstick to locate empty spaces. These get refilled with soil and compost.
From this experiment, I imagine the biggest challenge to a Grow-Cano would be keeping the sides of the mountain from washing down. Otherwise, it should work very well to increase the amount of cultivated space in a small surface area.